India`s outward FDI surges 33.93% to $2915.16 million in July
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The Reserve Bank of India (RBI) in its latest report has showed that India’s outward foreign direct investment (OFDI) commitments surged 33.93% to $2915.16 million in July 2024 as against $2176.67 million in July 2023. Sequentially also, they rose from $2189.96 million in June 2024.
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. According to the data report, the equity commitments grew 282.41% to $1948.12 million in July 2024 from $509.43 million in July 2023. Besides, it was sequentially also up from $503.08 million recorded in June 2024.
The report further noted that debt commitments (loans) declined 53.50% substantially to $284.63 million in July 2024, from $612.09 million a year ago. It was also lower than $460.95 million in June 2024. Guarantees for overseas units fell 35.33% to $682.41 million in July 2024 from $1055.15 million in July 2023. They were also lower than $1225.93 million in June 2024.
