According to the Reserve Bank of India (RBI), June 2024 saw India’s outward foreign direct investment (FDI) commitments soar to US$ 2.14 billion, a significant rise from US$ 1.14 billion in June 2023. Although this was a slight dip from the US$ 2.22 billion recorded in May 2024, the upward trend highlights the growing confidence in India’s international investment strategies. For the April-June 2024 period, total outward FDI reached US$ 3.16 billion, comprising US$ 1.94 billion in equity and US$ 1.21 billion in debt, with no guarantees reported. Outbound FDI includes equity, loans, and guarantees.
Equity investments in June 2024 rose slightly to US$ 528.4 million from US$ 492.92 million in June 2023 but were below the US$ 1.04 billion seen in May 2024. Debt investments saw a significant rise, hitting US$ 456.46 million in June 2024 compared to US$ 258.23 million a year earlier, and surpassed the US$ 263.87 million recorded in May 2024. The guarantee for overseas units nearly tripled to US$ 1.16 billion in June 2024 from US$ 394.69 million in June 2023, also exceeding the US$ 916.4 million reported in May 2024, according to RBI data.
