New Delhi, Nov. 7 -- More and more Indians are investing in equity on American and European markets and going as far as Brazil and China in their hunt for returns better than in India, data from the central bank and platforms for overseas investment shows.

Underwhelming returns in India, a tepid 4.7% in the last 12 months, and underperforming earnings growth has Indian retail investors scouting for greener pastures abroad lured by the promise of higher returns.

The proliferation of do-it-yourself or DIY investment routes via brokers such as Vested Finance, Borderless, Appreciate, among others, that make investing abroad easier compared to high thresholds for investing in destinations such as GIFT City, India's only operational internati...