India witnessed a notable surge in outward foreign direct investment (FDI) commitments, marking a 7.8% increase to $3.05 billion in February 2024 compared to $2.83 billion in the corresponding period of 2023, as per the latest data unveiled by the RBI on Monday. Interestingly, the figures revealed a significant sequential growth of 38.4% from $2.19 billion recorded in January 2024.
Outbound FDI, delineated in terms of financial commitments, encompasses three principal components: equity, loans, and guarantees.
In February 2024, equity commitments experienced a decline, dwindling to $502.13 million from $776.79 million witnessed in February 2023. Moreover, this figure was lower than the $764.29 million registered in January 2024.
Simultaneously, loan commitments also witnessed a downward trajectory, dropping to $251.08 million in February 2024 from $334.75 million in February 2023 and $306.59 million in January 2024.
On the other hand, guarantees issued during February 2024 exhibited a notable increase, soaring to $2.72 billion compared to $1.72 billion in February 2023 and $2.19 billion in January 2024.
