Mumbai, Oct. 7 -- Leading global financial institutions have urged India to implement substantial regulatory and technological reforms, stating that such measures are crucial to attracting more global capital and achieving its ambition of becoming a developed economy.

India is still punching below its weight in attracting global funds despite foreign portfolio investment (FPI) showing strong long-term growth, representatives from the Securities and Exchange Board of India (Sebi), BlackRock, Deutsche Bank, and Bank of America said during a panel discussion at the Global Fintech Fest, 2025.

Aparna Thyagrajan, chief general manager at Sebi, highlighted the strength of foreign investment. She noted that FPI assets under custody in India hav...