According to a report of RBI, the direct investments by Indian firms in abroad have increased by 48.2 percent year on year to $2.69 billion in May.
As per report, last year in the same month they had invested around $1.82 billion in their overseas ventures .
Direct investment increased by 48.2 percent
All the investments done by Indian companies were a mix of loans and equity. Some prominent investors of the month were Videocon Oil Ventures $204.08 million, Videocon industries $145 million and many more.
Notably, last in April the total amount that was invested was 4.11 billion which was much more than the amount which was invested the amount this year in May.