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India`s outward FDI falls 18.29% to $2943.98 million in April: RBI data
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The Reserve Bank of India (RBI) in its latest data report has showed that India’s outward foreign direct investment (OFDI) commitments declined 18.29% to $2943.98 million in April 2024 as compared to $3602.95 million in April 2023. In March 2024, it stood at $3,963.94 million.
The equity commitments rose to $888.98 million in April 2024 from $780.84 million a year ago. However, they were lower than the $2,038.97 million recorded in March 2024. Debt commitments increased to $817.18 million in April 2024, from $438.51 million in April 2023. However, they were lower than $1,053.17 million in March 2024.
According the report, guarantees for overseas units fell to $1237.82 million in April 2024 from $2383.61 million in April 2023. However, they were substantially higher compared to $871.80 million in March 2024.
