MUMBAI: Corporate India's overseas acquisition drive has pushed up the outbound foreign direct investment (FDI) by almost five times to $5.4 billion during the first quarter of this fiscal.
"Outward FDI of India also showed significant increase at $5.4 billion in Q1 of 2007-08 ($1.1 billion in Q1 of 2006-07) due to the appetite of Indian companies for global expansion," the Reserve Bank of India said in a report.
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Saturday, September 29, 2007
Outbound FDI increases five times to $5.4 bn in Q1 of FY-08
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