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Firms bet on foreign investments amid deepening economic slowdown

According to the Reserve Bank of India figures, outward FDI by India Inc was up 38 per cent in 2018-19 (FY19) to $12.6 billion

FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks
Direct investments by India Inc were up by 19.2 per cent during the first three months of FY20, building on growth in the previous two years.

As demand for goods & services slows in the country, India Inc has turned its attention on growth opportunities in overseas markets. There has been a sharp uptick in outward foreign direct investment (FDI) by Indian companies in the past two years, despite a fall in overall capital expenditure (capex) in the corporate sector.   According to the Reserve Bank of India figures, outward FDI by India Inc was up 38 per cent in 2018-19 (FY19) to $12.6 billion. This was a successive year of strong growth in outward FDI by Indian companies. The figure has nearly doubled in the past two years, ...