Question
Consider the following statements with respect to
India’s outward FDI. I.According to the data provided by the Reserve Bank of India, India’s outward foreign direct investment (FDI) fell by 33.3 percent sequentially to $1.02 billion in August. II.Net FDI in India sharply declined to $4.99 billion in April-June 2023-24 (FY24), down from $13.92 billion in April-June 2022-23 (FY23). III.Under the components of outbound FDI, equity commitments marginally increased to $454.6 million in August 2023. Which of the following statements is/are not correct?Solution
According to the data provided by the Reserve Bank of India, India’s outward foreign direct investment (FDI) fell by 33.3 per cent sequentially to $1.21 billion in August, compared to over $1.82 billion in July reflecting subdued global economic growth.Net FDI in India sharply declined to $4.99 billion in April-June 2023-24 (FY24), down from $13.92 billion in April-June 2022-23 (FY23).Under the components of outbound FDI, equity commitments marginally increased to $454.6 million in August 2023, up from $452.3 million in July but significantly lower than the $7.71 billion recorded in August 2022.
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