Foreign funds have accelerated shopping for of Indian shares, pouring in additional than $1 billion in every of the previous three weeks, as Asia’s fastest-growing financial system is seen as a secure haven amid considerations of a world slowdown.

The strongest influx to Indian equities since final August comes amid disappointment over China’s financial restoration in addition to fears that an impending recession within the US might stress company earnings in export-focused economies together with Taiwan and South Korea.