US Companies in India — 2026-10-12
Foreign Portfolio Investors (FPIs) have accelerated their withdrawal from Indian equities, crossing ₹3 lakh crore in net outflows for 2026 as of October 11. Amidst this capital flight, Commerce Minister Piyush Goyal reiterated that the interim US-India trade pact will be finalized with adjustments to reflect "changed circumstances." Meanwhile, Amazon reported a historic opening for its Great Indian Festival, citing 100% year-on-year growth in shopping volume.
US Companies in India — 2026-10-12
Top developments
Amazon
Amazon announced that the initial phase of its Amazon Great Indian Festival 2026 recorded a historic opening, with customers ordering over 100% more products year-on-year compared to the previous festival. The company stated that orders originated from every pin-code across India, driven heavily by smartphones and consumer electronics. This surge suggests robust consumer demand persists despite broader macroeconomic headwinds and foreign investor caution.
Piyush Goyal / US Trade Relations
Commerce and Industry Minister Piyush Goyal stated on October 11 that the interim trade agreement between India and the United States will be finalized keeping "changed circumstances" in mind. While officials previously described the deal as nearly "done and dusted," Goyal’s latest comments indicate that the framework is still undergoing adjustments to align with current economic realities. This signals potential shifts in tariff structures or market access clauses before the final signing.
Deals, expansion & investment
No major new US corporate investments or M&A deals involving US companies were reported in the past 24 hours. Recent data highlights continued foreign portfolio selling rather than new direct corporate expansion announcements from US firms during this specific window.
Regulation & market context
FPI Outflows and Market Sentiment
Foreign Portfolio Investors (FPIs) sold shares worth ₹44,166 crore in the first few days of October alone, bringing total net outflows for 2026 to over ₹3 lakh crore by October 11. This sustained selling pressure is attributed to global headwinds, including rising US treasury yields and concerns over an AI bubble, which have dampened sentiment toward emerging markets like India. The Nifty index fell 11% between Navratri 2025 and Navratri 2026, reflecting these challenges.
On the radar
- Amundi CIO Prediction: Vincent Mortier, CIO of Amundi, predicts that foreign money will return to India once the current AI frenzy cools down, citing potential stabilization in US interest rates.
- Trade Pact Finalization: Watch for official confirmation on specific clauses of the US-India interim trade deal following Minister Goyal’s latest statements on "changed circumstances."
By the numbers
- ₹44,166 Crore: Value of Indian equities sold by Foreign Portfolio Investors (FPIs) in the first few days of October 2026.
- ₹3 Lakh Crore: Total cumulative FPI outflow from the Indian stock market in 2026 as of October 11.
- 100%: Year-on-year growth in shopping volume reported by Amazon during the opening of the Great Indian Festival 2026.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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