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India's outward FDI surges 49% in March: RBI data

16 Apr 2024 Evaluate

The Reserve Bank of India (RBI) in its latest data on ‘Overseas Direct Investment’ has showed that India’s outward foreign direct investment (OFDI) commitments rose 48.68% to $3919.84 million in March 2024 as against $2636.42 million in March 2023. Sequentially, OFDI commitments were also up from $3,671.94 million in February 2024.

According to the report, the equity commitments surged 168.43% to $2035.30 million in March 2024 from $758.22 million a year ago. It was also higher than $616.46 million recorded in February 2024. Loan commitments increased 101.81% to $1045.36 million in March 2024 from $517.98 million in March 2023. It was also higher than $ 254.2481 million in February 2024.

The report further noted that guarantees for overseas units however declined 38.31% to $839.1683 million in March 2024 as compared to $1360.22 million in March 2023. They were also lower compared to $2,801.24 million in February 2024. 


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