62% yoy dip in FDI investment in India in April’20
Latest data from the RBI has indicated that due to coronavirus leading to a global lockdown & halt in most of the business activities, India’s overseas direct investment (ODI) in April dipped to US$ 976.14 million. Last year during the same period, domestic firms had invested nearly US$ 2.56 billion in their joint ventures/wholly-owned subsidiaries.
Further, of the total investment by Indian companies in April 2020-21, US$ 586.42 million was in the form of loans, US$ 230.81 million was equity infusion, while US$ 158.91 million was in the form of issuance of guarantees. Further, Indian firms had invested US$ 2.70 billion in overseas businesses in March 2020,as per the findings.