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India companies FDI jumps two-fold to $3 billion in March

India companies FDI jumps two-fold to $3 billion in March

Tuesday, April 18, 2017, 7:21 PM

Foreign direct investment (FDI) by Indian companies in their overseas ventures jumped over two- fold to $2.99 billion last month. Indian firms had made investments of $1.42 billion in their overseas joint-ventures/subsidiaries in March 2016. Investments in March this year were much higher than the preceding month, February, at $867.53 million, the Reserve Bank data showed on Tuesday.
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