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India’s Outward FDI in January 2024 Rises 25.7% to $2.1 billion

According to recent data released by the Reserve Bank of India (RBI), In January 2024, India’s outward foreign direct investment (FDI) commitments surged by 25.7% year-on-year to $2.09 billion. However, there was a sequential decline from December 2023 figures.

Equity Commitments

  • In January 2024, equity commitments surged to $760.9 million, marking a substantial increase from $597.4 million recorded in January 2023.
  • However, this figure was slightly lower than the equity commitments of $834.7 million reported in December 2023.

Debt Commitments

  • Debt commitments rose to $306.2 million in January 2024 from $215.6 million in January 2023, reflecting a notable increase.
  • Nevertheless, there was a significant decrease from $687.9 million recorded in December 2023, more than halving within a month.

Guarantees for Overseas Units

  • Guarantees for overseas units witnessed a significant rise to $1.02 billion in January 2024 from $854.1 million in January 2023.
  • Additionally, there was a marginal increase compared to $988.4 million reported in December 2023.

Overall Trends

  • On a year-on-year (Y-o-Y) basis, India’s outward FDI commitments in January 2024 rose by 25.7% to $2.09 billion, compared to $1.66 billion in January 2023.
  • However, there was a sequential decline from $2.5 billion reported in December 2023, indicating fluctuating trends in outward FDI.

India's Outward FDI in January 2024 Rises 25.7% to $2.1 billion_4.1

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