India Inc FDI declines by 57%

Q.  India Inc's FDI overseas declined by what percent in Jan 2017?
- Published on 14 Feb 17

a. 56%
b. 57%
c. 58%
d. 59%

India Inc FDI declines by 57%Corporate India FDI overseas fell by 57% to USD 1.82 billion, in Jan 2017 according to RBI data.

Investments made in Jan 2016 amounted to USD 4.25 billion in contrast.

Of the total overseas direct investment of USD 1.82 billion, USD 246.37 million came in the form of equity money; USD 483.78 million through loans.

While the rest of USD 1.09 billion was the guarantee issued by the Indian firms in their foreign units.

Among a few major investors, Bharat Petrosources invested USD 721.42 million in four tranches in joint venture and wholly owned subsidiary in Australia and Singapore.

Intas Pharmaceuticals invested USD 344.35 million in its fully owned unit in the UK, while ONGC Videsh put in a total of USD 52.59 million in four different joint ventures in Myanmar, Russia and Vietnam.

Reliance Industries invested USD 40 million in its wholly owned energy services unit in Singapore.

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