India has become the highest crossing Asian country that had received more than $23 billion in foreign institutional investments (FII) in 2020. While Indonesia, Korea, Taiwan, Thailand and Malaysia witnessed outflows in the past year and had negative FII. Last year, India received $14.2 billion in FII and it could be because of India’s strong economic recovery and the significant decline in the number of active COVID-19 cases. The weakened dollar and the second wave to the pandemic are also one of the factors for the increase in FIIs.