India’s outward FDI rises to US$ 2.14 billion in June, shows RBI data

In June 2024, India’s outward foreign direct investment (FDI) commitments increased to US$ 2.14 billion from US$ 1.14 billion in June 2023. However, they declined from US$ 2.22 billion in May 2024, as per Reserve Bank of India (RBI) data. For the April-June 2024 period, total outward FDI reached US$ 3.16 billion, with US$ 1.94 billion in equity and US$ 1.21 billion in debt investments, with no guarantees reported. The components of outbound FDI include equity, loans, and guarantees. Equity commitments rose marginally to US$ 528.4 million in June 2024 from US$ 492.92 million in June 2023 but were lower than the US$ 1.04 billion in May 2024. Debt commitments increased significantly to US$ 456.46 million in June 2024 compared to US$ 258.23 million a year earlier, surpassing the US$ 263.87 million recorded in May 2024. According to RBI data, the guarantee for overseas units nearly tripled to US$ 1.16 billion in June 2024 from US$ 394.69 million in June 2023, exceeding US$ 916.4 million in May 2024.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.