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Indian ODI at Rs.5.28 lakh crore
Foreign Direct Investment (FDI) increased by Rs.433,300 crore to Rs.2,824,600 crore in March 2018 at market value, said the Reserve Bank of India from its data on “Census on Foreign Liabilities and Assets of India Direct Investment Companies 2017-18”.
As many as 23,065 companies responded to the census, of which 20,732 companies had FDI or Overseas Direct Investment (ODI) in their balance sheet in March 2018.
Indian companies’ ODI increased by 5% to Rs.5.28 lakh crore during the year.
Mauritius continued to be the largest source of FDI to India, accounting for 19.7%, followed by the US, the UK, Singapore and Japan.
As for Indian companies’ ODI, Singapore was the major destination, accounting for 17.5%, followed by the Netherlands, Mauritius and the US. fiinews.com
