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India Inc s Overseas Direct Investment In June Doubles At USD 2 8 Bn
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India Inc s overseas direct investment in June doubles at $2.8 billion
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Last Updated: Jul 18, 2021, 01:55 PM IST
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Synopsis
India Inc had invested USD 1.39 billion in overseas ventures in the year-ago month. However, on a month-on-month basis, the investment was lower by over 58 per cent from USD 6.71 billion in May 2021, as per the RBI data on outward investments by Indian firms.
Agencies
The RBI said the data is provisional and subject to change on online based reporting by the authorised dealer banks.
The overseas direct investment of domestic companies more than doubled to USD 2.80 billion in June this year, according to RBI data.