India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21
India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday.
Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020.
Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee, showed the RBI data on OFDI for the month of April 2021.
In March 2021, Indian firms made investment of over 1.99 billion in their overseas ventures.