3 weeks ago
Jefferies' Christopher Wood stays bullish on India as FPIs return
There is a famous money expert named Christopher Wood.
He works for a big company called Jefferies.
He writes letters about countries where people can invest money.
In his newest letter, he says good things about India.
He thinks India's economy is getting stronger and stronger.
Banks in India are lending more money than they have in over ten years.
People from other countries are buying shares in Indian companies again.
Last month, they invested about two and a half billion dollars.
Mr. Wood changed the list of Indian companies he likes best.
He also thinks the Indian currency, the rupee, may get stronger soon.
Jefferies' Christopher Wood reiterated a positive outlook on Indian equities, citing strengthening domestic fundamentals.
Foreign portfolio investors turned net buyers of Indian equities in July, investing $2.45 billion.
Bank credit growth accelerated to 17-18 per cent year-on-year in 2026, the fastest pace in more than a decade.
Corporate lending grew around 20 per cent year-on-year, while agriculture and retail loans rose 17 per cent and 16 per cent.
Wood reshuffled his India long-only portfolio and highlighted measures that could support the rupee in coming months.
- Who
- Jefferies' Global Head of Equity Strategy Christopher Wood
- What
- Reiterated a bullish outlook on India and reshuffled his India long-only equity portfolio
- Where
- India (reported from New Delhi)
- When
- In his latest GREED & Fear note, covering the July period
- Why
- Strengthening domestic fundamentals, accelerating bank credit growth and the return of foreign portfolio investors
Key facts
- Institution
- Jefferies
- Analyst
- Christopher Wood (Global Head of Equity Strategy)
- FPI inflows (July)
- $2.45 billion
- Bank credit growth (2026)
- 17-18 per cent year-on-year
- Corporate lending growth
- Around 20 per cent year-on-year
- Agriculture loan growth
- 17 per cent year-on-year
- Retail loan growth
- 16 per cent year-on-year
- Portfolio action
- Reshuffled India long-only portfolio
Quotes
Christopher Wood
Jefferies Global Head of Equity Strategy
“Foreign investors turned net buyers of Indian equities in July, investing $2.45 billion as global investors unwound positions linked to the technology‑driven memory trade.”
thehansindia.com











