Investments By India Inc Abroad On The Decline
Nov 16, 2017, 12:46 IST
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.
PTI
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