Question
Consider the following statements with respect to the
FDI flows data provided by the Reserve Bank of India? I.According to the data provided by the Reserve Bank of India (RBI), India’s outward foreign direct investment (FDI) commitments fell by 12.14 per cent sequentially to $1.88 billion in October, compared to over $2.14 billion in September. II. RBI data showed net FDI into India sharply declined to $5.99 billion in April-August 2023-24, down from $18.03 billion in April-August 2022-23, due to a moderation in global investment activity and a rise in repatriation. III. Amongst the components of outbound FDI, equity commitments increased to $865.28 million in October 2023, up from $485.08 million in September 2023 but significantly lower than the $1.42 billion recorded in October 2022. Which of the following statements is/are not correct ?Solution
According to the data provided by the Reserve Bank of India (RBI), India’s outward foreign direct investment (FDI) commitments fell by 12.14 per cent sequentially to $1.88 billion in October, compared to over $2.14 billion in September. RBI data showed net FDI into India sharply declined to $2.99 billion in April-August 2023-24, down from $18.03 billion in April-August 2022-23, due to a moderation in global investment activity and a rise in repatriation. Amongst the components of outbound FDI, equity commitments increased to $865.28 million in October 2023, up from $485.08 million in September 2023 but significantly lower than the $1.42 billion recorded in October 2022.
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