India`s outward FDI surges 33.93% to $2915.16 million in July
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
.jpg)
