India INX’s global investing platform, INXGA, has doubled its quarterly trading volume to $2 billion for the April-June 2026 period. The growth is fueled by increased participation from over 150 local brokers and high retail demand for global ETFs. Investors are now utilizing GIFT City-based infrastructure to access international markets under the Reserve Bank of India’s Liberalised Remittance Scheme.
India International Exchange’s (India INX) global investing platform, INXGA, has reached a new milestone, reporting trading volumes of $2 billion for the quarter ended June 2026. This figure marks a significant jump from the $1 billion recorded in the previous quarter, indicating a rapid increase in the number of Indian investors looking to diversify their portfolios into international markets.
Broker Partnerships and Retail Growth
The surge in activity is largely supported by the onboarding of over 150 Indian brokers, who are leveraging the platform to offer their clients access to global investment products. This expansion makes it easier for domestic retail investors to invest in global stocks and indices without navigating complex international account opening processes. Currently, global Exchange Traded Funds (ETFs) drive more than half of the retail activity on the platform, suggesting that investors prefer passive, diversified instruments when taking exposure to overseas markets.
Growth is also coming from corporate and institutional participants, who are primarily utilizing the platform for hedging and trading purposes. According to platform data, options linked to the S&P 500 index with daily expiry are a major component of this non-retail business, accounting for over 50% of the institutional volume.
Regulatory Framework and Market Access
This growth in international investment is enabled by a clear regulatory foundation provided by the International Financial Services Centres Authority (IFSCA) and the Securities and Exchange Board of India (SEBI). Recent circulars, including the August 2025 IFSCA framework, allow Indian stockbrokers to set up separate business units in GIFT City. These units can then facilitate trades on global exchanges, operating under the rules of the RBI’s Liberalised Remittance Scheme (LRS). This scheme permits resident individuals to remit up to $250,000 per financial year for international investments.
Looking ahead, India INX is planning to expand its product offerings. This includes plans to introduce a UCITS-compliant feeder fund, which could offer tax efficiencies for Indian investors by helping to bypass certain US estate taxes. There are also efforts to allow investors to hold global equity exposure directly within their India INX demat accounts, which could further simplify the process.
Risks and Considerations for Investors
While the platform provides easier access to global markets, investors should be aware of the inherent risks involved in international investing. The primary concern is market volatility, as global equities, particularly those in the US and Europe, react differently to macroeconomic events compared to the domestic market. Additionally, currency risk is a significant factor; because these investments are denominated in foreign currencies, any depreciation of the Indian Rupee against the US Dollar or other major currencies can affect the actual returns for an investor.
Investors should also note that the grievance redressal mechanism for transactions executed in the International Financial Services Centre may differ from those in the domestic market. The final outcome for any investor will depend on global market performance, the specific costs associated with global trading, and the continued regulatory compliance of the brokers providing these services.