look news india
New Delhi: Outbound foreign direct investment (FDI) commitments from India declined by $900 million to $3.72 billion in September 2024 compared to $4.63 billion in September 2023. There was a marginal increase of $3.35 billion in September compared to $3.35 billion in August 2024, according to Reserve Bank of India data.
FDI remitted abroad is expressed as a financial commitment. It has three components: equity, debt and guarantee.
According to Reserve Bank data, FDI sent abroad in the period July-September 2024 was $5.92 billion. Of this, equity investment was $3.89 billion and debt segment was $2.03 billion.
Singapore was the top destination according to country-wise data. Singapore received FDI of $2.39 billion, followed by $641.9 million and Switzerland at $638.8 million. Equity commitments have increased compared to trends for September 2024.
Equity commitments through September 2024 rose to $814.6 million from $704.3 million a year earlier. In August 2024 it was recorded at $1.18 billion. Hence a decrease was seen in September 2024 as compared to August 2024.
Loan commitments have doubled in September 2024 compared to September 2023. It was $507 million in September 2023 and will increase to $1.15 billion in September 2024.