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Apr 16, 2015
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India Inc Overseas Investment Down 59% in March
Foreign direct investment (FDI) made by Indian industry in the overseas markets fell 59 per cent to $2.27 billion last month.Indian firms had made FDI of $5.47 billion in March last year. In February of this year FDI stood at $2.51 billion.Of the total FDI by Indian companies last month, $1.50 billion consisted of guarantees issued, $214.39 million was in the form of loan and the rest of $559.16 million went into equities, Reserve Bank of India data showed.
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http://profit.ndtv.com
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