India’s outward foreign direct investment (FDI) commitments declined by about $900 million to $3.72 billion in September 2024, compared to $4.63 billion in September 2023.
Sequentially, however, they rose marginally from $3.35 billion in August 2024, according to Reserve Bank of India (RBI) data.
Click here to connect with us on WhatsApp
Outbound FDI, expressed as a financial commitment, comprises three components- equity, loans, and guarantees.
RBI data showed that during the July-September period, outbound FDI was $5.92 billion, with equity investment being $3.89 billion and loans component of $2.03 billion. The country-wise outflows analysis revealed that Singapore was the top destination with outflow of $2.39 billion, followed by $641.88 million to the Netherlands and $638.83 million to Switzerland.
Coming back to trend in September 2024, equity commitments rose to $814.58 million in September 2024 from $704.35 million a year ago. However, they were sequentially down from $1.18 billion recorded in August 2024.
Debt commitments more than doubled to $1.15 billion in September 2024, from $507.07 million in September 2023. It was also higher than $692.78 million in August 2024. Guarantees for overseas units halved to $1.75 billion in September 2024 from $3.42 billion a year ago. They rose from $1.47 billion in August 2024, RBI data showed.
First Published: Oct 15 2024 | 8:11 PM IST
