Foreign investors withdrew over $20 billions from the Indian stock market between January and April, surpassing last year's annual record

⑴ From January to April 2026, foreign investors withdrew more than $20 billion from the Indian stock market, surpassing the annual withdrawal record set last year. The surge in oil prices caused by the Iran conflict has shaken confidence in this Asian third-largest economy and one of the largest crude oil importers. ⑵ According to data from the National Securities Depository Limited of India, $19 billion of the outflows occurred after the outbreak of the Iran conflict. Last year, the total outflow amounted to $18.9 billion. ⑶ Analysts pointed out that India relies on imports for 90% of its energy needs and is highly dependent on Middle Eastern supplies, making it one of the countries most affected by energy shocks.