Consumer services, healthcare, durables drive FPI reversal in July

Some grown-ups who invest money from other countries are called foreign investors.

In July, these investors put a lot of money into companies in India — about 20,199 crore rupees.

That is a big change from June, when they were selling and taking money out.

They especially liked companies that sell everyday services and things people use at home, like consumer durables.

They also bought shares of hospitals and medicine companies.

To pay for these, they sold shares of companies that build big machines, telecom networks and cars.

This is called a defensive move, because the investors want safer choices that keep making money even when the world economy is shaky.

A report says people in India are spending more on things they enjoy, like travel and shopping.

Last year, household spending in India grew by 7.7 per cent, which is why foreign investors are betting on Indian households instead of big building projects.