The Reserve Bank of India (RBI) in its latest data report on overseas direct investment has showed that India’s outward foreign direct investment (OFDI) surged 25.7 per cent on a year-on-year (Y-o-Y) basis to $2.09 billion in January 2024, compared to over $1.66 billion in January 2023. In December 2023, outward foreign direct investment stood $2.5 billion.
According to the report, the equity commitments increased to $760.98 million in January 2024 from $597.47 million in January 2023, however, they were lower compared to than the $834.78 million recorded in December 2023. It further noted that debt commitments increased to $306.23 million in January 2023 from $215.64 million in January 2023.
Besides, it said that guarantee issued for overseas units rose to $1.02 billion in January 2024 from $854.12 million in January 2023. They were also up marginally compared to $988.46 million in December 2023.
