Overseas investors pumped in nearly 34,000 crore rupees in the Indian market last month on hopes that the new government at the Centre would push reforms and spur economic growth.

As per the data compiled by capital markets regulator SEBI, net investment by FIIs into Indian equities in May was 14,006 crore rupees while in the debt markets it stood at 19,772 crore rupees taking the total to 33,778 crore rupees.
 

Market analysts said foreign investors are betting on the Narendra Modi-led BJP government as they see it initiating reforms to spur economic growth on the back of clear majority it has won last month in the general elections.