Consider the following statements with respect to the

Solution

According to Reserve Bank of India (RBI) data, India’s outward foreign direct investment (FDI) commitments fell by 19.6 per cent sequentially to $1.55 billion in November 2023, compared to over $1.93 billion in October 2023.RBI data showed net FDI in India declined sharply in April-September 2023 to $4.5 billion from $19.6 billion in the same period last year. This is on moderation in global investment activities and a rise in repatriation. Looking at the components of outbound FDI, equity commitments declined to $729.57 million in November 2023 from $870.37 million in October 2023. Guarantees for overseas units declined to $637.26 million in November from $809.26 million in October.