India’s Outward FDI Shows Resilience in January 2024

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India’s outbound foreign direct investment (FDI) demonstrated resilience in January 2024, with a notable surge of 25.7% year-on-year, reaching $2.09 billion. The data, released by the Reserve Bank of India (RBI), indicates a positive momentum despite a slight decline from December 2023 figures.

Equity commitments experienced a substantial increase, reaching $760.9 million in January 2024, compared to $597.4 million in the same period last year. However, there was a marginal decrease from December 2023.

Similarly, debt commitments saw an upward trend, rising to $306.2 million in January 2024, reflecting a significant increase from $215.6 million in January 2023. Nevertheless, there was a noteworthy decline from December 2023 levels.

Guarantees for overseas units also witnessed a marked rise, totaling $1.02 billion in January 2024, compared to $854.1 million in January 2023. While slightly higher than December 2023 figures, this underscores continued support for Indian investments abroad.

Overall, India’s outward FDI commitments in January 2024 signify a positive trajectory, showcasing resilience and confidence in the global investment landscape amidst evolving economic conditions.