What was the percentage increase in India's outward

Solution

•     According to Reserve Bank of India (RBI) data, India’s outward foreign direct investment (FDI) commitments rose by 25.7 per cent on a year-on-year (Y-o-Y) basis to $2.09 billion in January 2024, compared to over $1.66 billion in January 2023. Sequentially, they declined from $2.5 billion in December 2023. •Outbound FDI, expressed as a financial commitment, comprises three components – equity, loans, and guarantees. •     The equity commitments rose to $760.9 million in January 2024 from $597.4 million in January 2023. It was lower than the $834.7 million recorded in December 2023. •     Debt commitments increased to $306.2 million in January 2023 from $215.6 million a year ago.However, it more than halved from $687.9 million in December 2023. •     Guarantees for overseas units rose to $1.02 billion in January this year from $854.1 million in January 2023. They were also up marginally compared to $988.4 million in December 2023. Learn Along About RBI Founded: 1 April 1935                     Headquarters: Mumbai                                 Governor: Shaktikanta Das