Indian foreign investment up 48% to $2.7B in May
Direct investments by Indian firms overseas increased by 48.2% year-on-year to $2.69 billion in May, according to RBI data. The investments by the Indian companies were a mix of issuance of guarantees ($1.95 billion), loans ($365.93 million) and equity ($383.71 million). However, the overseas direct investment in May was lower than the $4.11 billion in April this year.