Consider the following statements with respect to the outward FDI according to the data provided by the Reserve Bank of India - 

I.According to Reserve Bank of India (RBI) data, India’s outward foreign direct investment (FDI) commitments fell by 19.6 percent sequentially to $1.55 billion in November 2023.

II.RBI data showed net FDI in India declined sharply in April-September 2023 to $4.5 billion from $19.6 billion in the same period last year. 

III.The equity commitments declined to $729.57 million in November 2023 from $870.37 million in October 2023. 

Which of the following statements is/are correct ?

Solution

According to Reserve Bank of India (RBI) data, India’s outward foreign direct investment (FDI) commitments fell by 19.6 per cent sequentially to $1.55 billion in November 2023, compared to over $1.93 billion in October 2023.RBI data showed net FDI in India declined sharply in April-September 2023 to $4.5 billion from $19.6 billion in the same period last year. This is on moderation in global investment activities and a rise in repatriation. Looking at the components of outbound FDI, equity commitments declined to $729.57 million in November 2023 from $870.37 million in October 2023. Guarantees for overseas units declined to $637.26 million in November from $809.26 million in October.