India Inc's foreign direct investment dips 62% to $976 million in April
Domestic firms had invested nearly $2.56 billion in their joint ventures/wholly-owned subsidiaries during April 2019, according to the RBI data on Outward Foreign Direct Investment.
India's overseas direct investment (ODI) in April dipped 62 per cent to $976.14 million, data from the Reserve Bank showed. The fall in ODI can mainly be attributed to the coronavirus pandemic, which led to a global lockdown and halt in most of the business a
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