New Delhi, April 15 -- Foreign portfolio investors (FPIs) might have turned their backs on the Indian stock market lately, but analysts are of the view that this trend is unlikely to sustain in the medium-to-long term as the tit-for-tat trade war between the world's two largest economies - the US and China - will make them return to India.

FPIs have pulled out nearly Rs.32,000 crore from Indian equities so far in April, amid heightened global uncertainty triggered by the imposition of reciprocal tariffs by US President Donald Trump. While a 90-day exemption has been granted to several countries, the tariffs - amounting to 125% - remain in effect for China. In response, China has retaliated with an equivalent set of tariffs on US goods, f...