India’s outward overseas direct funding (FDI) commitments rose by about $1 billion to $3.21 billion in August 2024, in comparison with $2.29 billion in August 2023. Sequentially, they rose from $3 billion in July 2024, in accordance with Reserve Financial institution of India (RBI) knowledge.
Outbound FDI, expressed as a monetary dedication, contains three parts: fairness, loans, and ensures. The fairness commitments greater than doubled to $1.14 billion in August 2024 from $458.01 million a yr in the past. Nonetheless, it was sequentially down from $1.98 billion recorded in July 2024.
Debt commitments rose marginally to $687.73 million in August 2024, from $509.44 million in August 2023. It was a lot larger than $311.83 million in July 2024. Ensures for abroad items had been nearly flat at $1.37 billion in August 2024 from $1.32 billion a yr in the past. They nearly doubled from $713.5 million in July 2024, RBI knowledge confirmed.
First Revealed: Sep 13 2024 | 7:43 PM IST
