Foreign Portfolio Investors: REITs Reduce Information Technology Holdings as Sector Faces Recession in U.S. and Europe


Since Indian IT exporters derive more than half of their revenue from banking, financial services and insurance (BFSI) and industrial customers in the US and Europe, they are seen as a direct indicator of growth. economy in developed markets.

ET Intelligence Group: Foreign portfolio investors (REITs) have reduced their exposure to the Indian IT sector amid the risk of a looming recession in the United States and slowing growth in Europe. The weight of the IT sector in their equity portfolio fell below the pre-Covid level of 10.1% in the first half of September 2022, according to NSDL data. Of total REIT outflows of $18 billion in 2022 through September 15, $10 billion due to


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