Fiis are pumping money in India in 2013 due to following reasons:
- India growing at 5.5% is better than zero or negative growth in other countries.
- Govt actions to control fiscal deficit.
- Govt increasing LPG, petrol and diesel prices to remove subsidy.
- Worldwide pension funds find India a safe heaven to get 8% return when their own country is offering them zero per cent.
As a net result Fiis see Sensex at 24000 level in year 2013 which means 20% returns in one year and they can get more if they use the hot stock of the day.