Categories: Business

India firms overseas direct investment dips 62 percent in April

Photo: GOOGLE

Overseas direct investment dips

new Delhi. Foreign direct investment (ODI) by Indian companies declined 62 percent to $ 97.61 million in April. This information has been given in the Reserve Bank data. The ODI of Indian companies has declined due to the applicable lockdown caused by the Corona virus. In April 2019, Indian companies invested $ 2.56 billion in their joint venture-wholly owned subsidiary. In March 2020, Indian companies invested $ 2.70 billion in their overseas business. The data shows that out of the foreign investment made by Indian companies in April, $ 58.64 million was invested in debt, $ 23.08 million as equity and $ 15.89 million as guarantee.

Corona epidemic is being seen worldwide. Many countries are trying to start business activities by ending the lockdown. However, due to vigilance and safety of the epidemic, it has been speculated that despite all efforts, only a limited part of the business will be opened. And for the time being companies will not be able to utilize their full potential. This is the reason that companies have started focusing on saving their nearby funds and they are avoiding any other type of investment except the much needed investment.

This post was published on May 21, 2020 8:59 am

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