Reserve Bank of India (RBI) in its latest report has showed that India’s outward foreign direct investment (OFDI) commitments fell sharply to $2.25 billion in December 2023, compared to over $4.12 billion in December 2022, down by 45.39% year on year.
As per the report, India’s outward foreign direct investments were also down from $4.0 billion in November 2023. OFDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees.
The report further noted that the equity commitments declined to $646.7 million in December 2023 from $1.38 billion in December 2022. It was also significantly lower than the $1.09 billion recorded in November 2023.
Debt commitments decreased to $625.91 million in December 2023, down from $1.15 billion a year ago but higher than $190.05 million in November 2023. Guarantees for overseas units declined to $978.19 million in December 2023 from $1.58 billion in December 2022 and also down sharply compared to $2.72 billion in November.
