New Delhi, July 27 -- The government on Monday said the recent withdrawal of foreign portfolio investments (FPIs) from Indian equities was part of a broader trend across emerging markets and was "not altogether specific to India," attributing the movement to a mix of global and domestic factors.

In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said, "The recent foreign portfolio outflows from Indian equities are part of a broader pattern noticed in emerging markets and not altogether specific to India."

He added that changes in FPI investments have been driven by "a mix of domestic and global factors such as geopolitical tensions, uncertainties surrounding trade tariffs, global investor sentiments, cur...