Mumbai : India’s outward international direct financial investment (FDI) commitments rose by 7.8 for each cent to $3.05 billion year-on-12 months in February 2024, in contrast to $2.83 billion in February 2023, in accordance to the newest knowledge produced by the RBI on Monday.
On the other hand, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024, the figures showed. Outbound FDI, expressed as a financial determination, includes 3 parts — fairness, financial loans, and ensures.
The equity commitments declined to $502.13 million in February 2024 from $776.79 million in February 2023. It was also reduce than the $764.29 million recorded in January 2024.
The bank loan commitments declined to $251.08 million in February 2024 from $334.75 million in February 2023 and $306.59 million in January 2024. The guarantees issued during February 2024 jumped to $2.72 billion from $1.72 billion in February 2023 and $2.19 billion in January 2024.