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Indian  firms invested in  farm, financials  abroad amid covid Photo: Bloomberg Share Via Read Full Story Indian firms slashed investments offshore sharply in the first eight months of FY21 because of the pandemic. But investments in two sectors surged to a three-year high even as others slowed. Farms, mines and financials dominated the offshore direct investment of Indian companies this year. Data from the Reserve Bank of India (RBI) showed that in April-November, the share of outbound investments into agriculture and mining was 15.6%, up from 3% in the year-ago. The share of financials surged to 32% from 12%. Investments in agriculture and mining totalled $1.91 billion, while financials, insurance and business services added up to $3.4 billion.

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