RBI: Outward FDI Surges To $3.7 Bn In October

India’s outward foreign direct investment (FDI) surged to $3.24 billion in October 2024, as compared to $2.55 billion in the same month last year.

However, on a sequential basis, it reduced from $3.77 billion in September 2024, the Reserve Bank of India (RBI) reported. Outbound FDI or Outward FDI has three components, namely equity, loans, and guarantees.

Equity commitments were down at $655.84 million in October 2024 as compared to $817.64 million in September 2024 and $993.35 million in October last year. While debt commitments rose to $1.24 billion in October 2024, overseas guarantees stood at $1.33 billion in the reporting month. A year ago, guarantees equaled to $1.79 billion.

Outward foreign direct investment or Outward foreign direct investment is business strategy, wherein a domestic entity invests in a foreign country.