In a positive development for India’s economy, the country’s outward Foreign Direct Investment (FDI) commitments saw a notable increase in February 2024, as reported by the Reserve Bank of India (RBI). The latest data reveals that India’s outward FDI commitments surged by 7.8% to $3.05 billion in February 2024 from $2.83 billion in the same period last year. This signifies a significant growth trend in India’s investments in foreign ventures.
Analysing the components of outbound FDI commitments, it is observed that the equity commitments declined to $502.13 million in February 2024 from $776.79 million in February 2023, indicating a shift in investment patterns. Similarly, loan commitments also witnessed a drop to $251.08 million in February 2024 from $334.75 million in February 2023. However, the guarantees issued in February 2024 saw a considerable increase to $2.72 billion, reflecting a positive outlook for the country’s financial commitments.
The sequential data comparison further highlights the promising growth trajectory, with a significant 38.4% jump in outward FDI commitments from January 2024 to February 2024. This dynamic trend underscores India’s expanding footprint in the global investment landscape and showcases the country’s growing role as a key player in the international business arena.
In conclusion, India’s increasing outward FDI commitments indicate a resilient and forward-looking approach towards global investments, positioning the country as a significant contributor to the world economy in 2024.
