Foreigners Ditch Indian Stocks as Outflows Near Historic High

Global investors are pulling back from Indian equities at a frantic pace, setting the stage for what may be the largest foreign outflows in history this year.

A cocktail of punitive US tariffs, weak earnings, and some of the world’s priciest valuations has soured sentiment, prompting overseas funds to yank a net $17 billion from Indian shares this year through Sept. 26 — closing in on the record set in 2022, data compiled by Bloomberg show. The exodus continued at the start of the week, with provisional data pointing to another $230 million outflow on Monday alone.

It wasn’t supposed ...