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Outward FDI Drop by 58% in October
November 17, 2017
In what’s a clear indication of a fading interest within the Indian companies in regard to overseas investments, the outward FDI plummeted 58% to $1.35 billion this October on a year-over-year basis. During the same period last year, the total value of outward direct investments stood at $3.2 billion, mainly contributed by CERES ESTATE LTD., OIL India, Cipla, Wipro Enterprises, ONGC, etc.
As per the RBI data, while exports remained almost unchanged at 13.73 billion, imports increased marginally to $8.45 billion on a y-o-y basis.
