Why FPI interest in India 'has pretty much died out': Nithin Kamath points to valuations, taxes and global alternatives

Foreign investor appetite for Indian equities may be cooling sharply, if insights shared by Nithin Kamath are anything to go by. In a recent social media post, the Zerodha co-founder said feedback from a stock market insider suggests that global investors are increasingly turning cautious on India, citing a mix of macro, valuation, and policy concerns.According to Kamath, India is currently viewed as geopolitically vulnerable—particularly to potential oil shocks—while the absence of compelling a...