India Inc’s foreign investment declines over 50% in July

As of 31st August 2022, as per the RBI data, the India Inc’s foreign direct investment has been declined over 50% to $1.11 billion in July 2022

The domestic firms had invested over $2.56 billion on Outward Foreign Direct Investment in July 2021 in the form of equity, loan and issuances of guarantees. The Indian businesses has invested $579.15 million by equity infusion, $193.21 million as loans and $337.49 million infused by issuing guarantees to their overseas ventures.