India Steps Up Financial-Sector Reforms After $17 Billion Foreign Outflows

New Delhi announced a package of capital-market reforms to rebuild investor confidence following $17 billion of portfolio outflows this year. Measures include easing FPI registration, digitizing corporate-bond issuance, and creating a sovereign-green-bond framework for infrastructure funding. Finance Minister Nirmala Sitharaman said the steps aim to reinforce resilience amid global trade uncertainty. Economists expect gradual improvement in rupee stability and debt-market depth if implementation proceeds quickly. International rating agencies view the reforms as critical to sustaining India’s medium-term growth trajectory.