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India's overseas direct investment in April dips 62% to $976.14 million
May-21-2020

The Reserve Bank of India’s data has showed India's overseas direct investment (ODI) in April 2020 dipped 62 per cent to $976.14 million. The fall in ODI can mainly be attributed to the coronavirus pandemic, which led to a global lockdown and halt in most of the business activities.

The data showed that of the total investment by Indian companies in April 2020-21, $586.42 million was in the form of loans, $230.81 million was equity infusion, while $158.91 million was in the form of issuance of guarantees.

Domestic firms had invested nearly $2.56 billion in their joint ventures/wholly-owned subsidiaries during April 2019. Indian firms had invested $2.70 billion in overseas businesses in March 2020.

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