The decrease is attributed to a global fall in inflows and a simultaneous rise in the repatriation of equity capital. Reserve Bank of India (RBI) data from its January 2024 bulletin revealed that FDI inflows were $21.39 billion, with outflows reaching $7.85 billion during the specified eight months in 2023.
In 2022, FDI inflows were recorded at $29.11 billion, while outflows amounted to $9.35 billion in the corresponding period. The data further indicates an increase in repatriation/disinvestment by entities with direct investments in India, rising from $19.87 billion in April-November 2022 to $25.58 billion in the first eight months of the fiscal year 2023-24.
According to the "State of Economy" report in RBI's monthly bulletin for January 2024, key sectors contributing to two-thirds of gross inward FDI equity flows include manufacturing, electricity, other energy sectors, transport, financial services, and retail and wholesale trade. The report highlights the resilience of India's FDI landscape despite the challenging global economic scenario.
The majority of equity inflows, accounting for 69.9%, originated from Mauritius, Singapore, Japan, the United States, and the Netherlands during the specified period.
Bu hikaye The Business Guardian dergisinin January 24, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin January 24, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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