Outward FDI surges 25.7% to $ 2.1 billion in January: RBI data
ECONOMY & POLICY

Outward FDI surges 25.7% to $ 2.1 billion in January: RBI data

In January 2024, there was a 25.7 percent year-on-year increase in India's outward foreign direct investment (FDI) commitments, reaching $ 2.09 billion, as opposed to the January 2023 figure of over $ 1.66 billion, according to Reserve Bank of India (RBI) data.

As per the RBI data, there was a sequential decline from $ 2.5 billion in December 2023. Outbound FDI, expressed as a financial commitment, is composed of three elements: equity, loans, and guarantees.

The equity commitments for January 2024 amounted to $ 760.9 million, compared to $ 597.4 million in January 2023, and were lower than the $ 834.7 million recorded in December 2023.

Debt commitments increased from $ 215.6 million a year ago to $ 306.2 million in January 2023. However, this was more than half the amount recorded in December 2023, which stood at $ 687.9 million.

Guarantees for overseas units increased to $ 1.02 billion in January this year, up from $ 854.1 million in January 2023. This was a slight increase compared to $ 988.4 million in December 2023, as per RBI data.

In January 2024, there was a 25.7 percent year-on-year increase in India's outward foreign direct investment (FDI) commitments, reaching $ 2.09 billion, as opposed to the January 2023 figure of over $ 1.66 billion, according to Reserve Bank of India (RBI) data. As per the RBI data, there was a sequential decline from $ 2.5 billion in December 2023. Outbound FDI, expressed as a financial commitment, is composed of three elements: equity, loans, and guarantees. The equity commitments for January 2024 amounted to $ 760.9 million, compared to $ 597.4 million in January 2023, and were lower than the $ 834.7 million recorded in December 2023. Debt commitments increased from $ 215.6 million a year ago to $ 306.2 million in January 2023. However, this was more than half the amount recorded in December 2023, which stood at $ 687.9 million. Guarantees for overseas units increased to $ 1.02 billion in January this year, up from $ 854.1 million in January 2023. This was a slight increase compared to $ 988.4 million in December 2023, as per RBI data.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code