Why did foreign investors withdraw billions of dollars last year?

There has been good news in recent weeks for investors who watched stock markets decline sharply amid the global financial crisis. India’s benchmark stock indexes have more than doubled in the last six months, driven in part by foreign investors who are returning to the country. (7) Foreign investors had pulled out billions of dollars last year as credit dried up. But the trend has reversed. (8) From April to June, India received about $15 billion in foreign direct investment, the highest since 2007. Analysts say foreign investors are motivated by growing confidence that the global recovery will be driven by countries like India and China.