The Reserve Bank of India (RBI) in its latest data report on ‘Overseas Direct Investment’ has showed that the country's outward foreign direct investment (OFDI) commitments increased 1.04% at $2009.51 million in May 2024 as compared to $1988.8 million in May 2023. These OFDI commitments were $2782.61 million in the month of April 2024.
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. According to the report, the equity commitments rose 6.51% to $1028.76 million in May 2024 from $965.86 million a year ago. They were significantly higher than the $607.96 million recorded in April 2024.
The RBI report further noted that the loan commitments rose 16.52% to $262.75 million in May 2024 from $225.49 million in May 2023. However, it was much lower than $820.32 million in April 2024. Further, guarantees for overseas units fell 9.96% to $718 million in May 2024 from $797.46 million in May 2023. They were lower compared to $1354.33 million in April 2024.
