When will FIIs come back to India? Why the ‘AI Trade’ and $114 crude are keeping foreign investors away

The net FII selling for 2026, so far, stands at over Rs 1.91 lakh crore. Given the pace of the selloff, one primary concern that bothers most investors is “When will FIIs come back to India?” What’s driving capital outflows? In this context, one must first understand what triggered the outflow. Experts highlighted that one factor that has abetted the exodus of foreign capital from India is the lack of meaningful AI-play. Speaking to Anant Goenka, Executive Director, The Indian Express Group, at the Express Adda on April 28, the celebrated market guru, Chairman of Rockefeller International, Founder & CIO…