Good morning from the Financial Times.

Today is Monday, March 22nd, and this is your FT news briefing.

Investors are pouring money into global stocks.

Broadway theater workers are still waiting for curtains to lift again.

And one state in India is hoping to create more jobs for its residents by forcing companies to hire locally.

So there's a lot of frustration among Indian youth looking for jobs and opportunity

that they haven't been able to find it.

And politicians are starting to pander to that frustration by pushing through these kinds of local hiring rules.

I'm Lila Raptopoulos, in for Mark Filipino.

And here's the news you need to start your day.

Investors have poured almost $170 billion into global equity funds over the past four weeks.

Funds that buy shares recorded more than $68 billion in net inflows in the week up to last Wednesday.

That's the largest amount on record, according to data compiled by the research group EPFR.

The surge was most pronounced in US stocks.

And it came as the US government began distributing stimulus payments that were part of Joe Biden's relief package.

It also came after the federal reserve lifted its outlook for the US.

Meanwhile, economists are cutting growth forecasts for the Eurozone.

There's now a third wave of COVID-19 infections there.

And countries like France, Italy, and Germany are tightening restrictions again.

Also, vaccination delays are fueling concerns of another disappointing season for summer tourism.

India has a big problem.

Its economy is not creating enough jobs for all the young people who enter the workforce every year.

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