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INDIA'S OUTBOUND FDI INCREASES 5-FOLD TO US$5.4 BN IN Q1.
MUMBAI, Oct 1 Asia Pulse - Corporate India's overseas acquisition drive has pushed up the outbound foreign direct investment (FDI) by almost five times to US$5.4 billion during the first quarter of this fiscal year.
"Outward FDI of India also showed significant increase at US$5.4 billion in Q1 of 2007-08 (US$1.1 billion in Q1 of2006-07) due to the appetite of Indian companies for global expansion," the Reserve Bank of India said in a report.
The inflow of FDI during April-June 2007 more than doubled at US$5.9 billion from US$2.5 billion during the first quarter of the previous fiscal.
The central bank attributed the increase in FDI inflows to "continuing pace of expansion of domestic activities, positive investment climate and long term view of India as the ...
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Source: HighBeam Research, INDIA'S OUTBOUND FDI INCREASES 5-FOLD TO US$5.4 BN IN Q1.