Outward FDI drops to $820 million

India Inc.’s foreign direct investment (FDI) in June fell by over two times from a year ago to $820.36 million, data from the Reserve Bank of India showed Wednesday.
The outward foreign direct investment (OFDI) by the Indian firms stood at $2.29 billion in the same month the previous year, according to the RBI data on OFDI.In May, Indian companies had invested over $1.56 billion in their overseas ventures.

Source ; https://www.thehindu.com/todays-paper/tp-business/outward-fdi-drops-to-820-million/article28365677.ece

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