India's OFDI nearly halves to $3398.92 million in April: RBI
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The Reserve Bank of India (RBI) in its latest report showed that India's outward foreign direct investment (OFDI) nearly halved to $3398.92 million in April on an annual basis. The OFDI stood at $6714.89 million in April 2021.
On sequential basis too, the outward investment from India in April was lower compared to $3446.01 million in March 2022. Of the $3398.92 million OFDI, the equity component was $544.87 million and loans amounted to $764.25 million.
Indian companies issued guarantees worth $2089.80 million in April 2022, as compared to $3643.56 million in April 2021. The Reserve Bank of India further said the data is provisional and subject to change based on online reporting by banks.
