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India Overlooked as FPIs Chase US Tech Boom, UTI International CEO Praveen Jagwani Explains

Economy

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Published on 19th November 2025, 11:50 AM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

Foreign portfolio investors have withdrawn ₹69,000 crore from India in 2025, primarily drawn to the robust US technology rally. Praveen Jagwani, CEO of UTI International, notes India is currently off radar due to lack of significant tech plays, unlike the AI and data-centric focus in the US. Despite consistent mutual fund inflows, India's equity market has seen sideways movement, with valuations appearing high. UTI International continues to attract moderate overseas investment based on India's long-term growth story.