India Inc.’s investment in overseas ventures fell by almost 39.3% to $2.65 billion in September this year, according to the RBI data released on Tuesday.
Domestic companies had committed $4.37 billion as outward foreign direct investment in the year-earlier period. In August 2017, India Inc. had invested $1.34 billion in their overseas ventures that were either fully owned subsidiaries or joint ventures of the Indian parent companies. The $2.65 billion worth of investment in September was in the form of equity stake, loan and issuance of guarantee by Indian entities, the RBI said.
