The article first appeared in The Japan Times on February 02, 2024
Japan’s retail investors are pouring money into Indian stocks amid bets that the nation will be the next China. Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on a yen basis last month, the figures suggest inflows of about ¥140 billion into India equity funds, while Japanese stock funds had almost no net inflows.