India pandemic India

Indian firms invested in farm, financials abroad amid covid

Reading now: 610
www.livemint.com

offshore direct investment of Indian companies this year. Data from the Reserve Bank of India (RBI) showed that in April-November, the share of outbound investments into agriculture and mining was 15.6%, up from 3% in the year-ago.

The share of financials surged to 32% from 12%. Investments in agriculture and mining totalled $1.91 billion, while financials, insurance and business services added up to $3.4 billion.Much of the offshore investments of Indian firms were infusions into subsidiaries, but some were for fresh investments and acquisitions.Overall, investments have dropped by 42% year-on-year in April-November, a fallout of the pandemic.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA