Outward FDI remain almost flat at $2.0 billion in May, shows RBI data | Economy & Policy News

The country’s outward foreign direct investment (FDI) commitments were almost flat at $2 billion in May 2024, compared to $1.98 billion in May 2023.

Sequentially, FDI commitments were down from $2.78 billion in April 2024, according to the Reserve Bank of India (RBI) data. Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. The equity commitments rose marginally to $1.02 billion in May 2024 from $965.86 million a year ago.

They were significantly higher than the $607.96 million recorded in April 2024. Debt commitments rose to $262.7 million in May 2024 from $225.5 million in May 2023. However, it was much lower than $820.3 million in April 2024.