New Delhi, Dec. 16 -- The dual pressures of a desire for wealth generation and a depreciating Indian rupee are driving Indian investors to allocate funds into global stock markets, including those in the United States and Europe.

In fiscal year 2925, a total of $1.6 billion was invested globally from India, up from $400 million a few years ago, according to a report by Vested Finance, a global investing platform, released on Monday.

"Investors come from over 145 cities across the country, with nearly 50% under 35. The average investor holds 11 global securities, including ETFs," it added.

The Indian currency has weakened against the US dollar at a steady pace for more than a decade, losing roughly 3% per year. This slow but persistent ...