Correct Answer : $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.