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

21 Feb 2024 CW Team

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.

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