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India’s outward foreign direct investment (FDI) halved to just below the $ one billion mark in June 2023 from $ 1.93 billion in June 2022. Sequentially also FDI declined from $ 1.29 billion in May 2023.
The outward FDI expressed as total financial commitment has three components – equity, loan and guarantees issued. The commitments (outward FDI) stood at $ 2.44 billion in April 2023, according to Reserve Bank of India data.
The equity commitment was $ 477.11 million in June 2023, slightly higher than $ 406.29 million a year ago. However, it was much lower than $ 779.71 million in May 2023.
As for loans, the commitments declined sharply from $ 498.79 million in June 2022 to $ 221.65 million in June 2023. However, loan commitments were slightly higher over $ 204.48 million.
The guarantees nosedived from $ 1.02 billion in June 2022 to $ 275.15 million in June 2022. They were also down sequentially from $ 309.39 million in May 2022.
First Published: Jul 13 2023 | 12:10 AM IST
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