News Karnataka
Wednesday, March 29 2023

India Inc’s October overseas investment down 49%

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Mumbai: Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017.

According to data released by Reserve Bank of India (RBI) in its “Summary of Outward Foreign Direct Investment (OFDI) – October 2017” on November 13, the annual overseas investment in October declined by 57.81 per cent on a year-on-year basis.

The overseas investment stood at $3.20 billion in October 2016.

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