According to the data provided by the Reserve Bank of India, India’s outward foreign direct investment (FDI) fell by 33.3 per cent sequentially to $1.21 billion in August, compared to over $1.82 billion in July reflecting subdued global economic growth.Net FDI in India sharply declined to $4.99 billion in April-June 2023-24 (FY24), down from $13.92 billion in April-June 2022-23 (FY23).Under the components of outbound FDI, equity commitments marginally increased to $454.6 million in August 2023, up from $452.3 million in July but significantly lower than the $7.71 billion recorded in August 2022.
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