April-October gross FDI flows rise 15% to $58 billion

NEW DELHI: Gross FDI flows into India rose 15.4% to $58.3 billion during April-Oct, while net inflows almost doubled due to lower disinvestment and repatriation. RBI data estimated gross inflows to be 8.8% lower at $6.5 billion in Oct.

Recent weeks have seen a spate of announcements, including by Google, Microsoft and Amazon, besides acquisitions by MUFG, which is buying 20% in Shriram Finance. In Oct, however, there was a net outflow of $129 million. During April-Oct, however, net inflows were pegged at $6.2 billion.




Outward FDI by Indian companies jumped 41% to over $20 billion, RBI data showed. The key destinations for outward FDI were Singapore, followed by the US and the UAE. Sector-specific breakdown suggests that around 90% of outward FDI was in financial, insurance, and business services, followed by wholesale, retail trade and manufacturing.

Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here