Home India Ministry of Finance Overseas Direct Investment Data Fact Sheet February 2024...
Date: 2024-03-27 Category: Tender Document State: Union Government Country: India

Overseas Direct Investment Data Fact Sheet February 2024

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

**Executive Summary** This monthly fact sheet provides Overseas Direct Investment (ODI) data from April 2000 to February 2024. It includes cumulative ODI outflows, component-wise break-up, repatriation inflows, month-wise outflows, top destination countries, and sectors attracting the highest outflows. The data is provisional as of March 7th, 2024, and is subject to change based on online reporting by Authorized Dealer (AD) banks. **Key Points / Main Content** * **Cumulative ODI Outflows (April 2000 - February 2024):** * Actual ODI Outflows: Equity (US$2,00,609 Million), Loans (US$93,818 Million), Guarantee Invoked (US$6,926 Million); Total (US$3,01,353 Million) * Financial Commitment: Equity (US$2,00,609 Million), Loans (US$93,818 Million), Guarantee Issued (US$4,07,968 Million); Total (US$7,02,395 Million) * **Component-Wise Break-up of ODI (Figures in US$ Million):** * Total ODI outflow for 2021-22: US$18,501 Million * Total ODI outflow for 2022-23: US$13,491 Million * Total ODI outflow for 2023-24 (April-February): US$14,367 Million * Overall Total ODI outflow: US$46,359 Million * **Summary of Repatriation (Inflow) from JV/WOS (Based on APR):** * Total repatriation inflow for FY 2021-22: US$22,727 Million * Total repatriation inflow for FY 2022-23: US$20,799 Million * Total repatriation inflow for FY 2023-24 (April-February): US$432 Million * Cumulative Repatriation (Apr 2000- February 2024): US$2,43,788 Million * **ODI Actual Outflows (Month-Wise):** * Total ODI outflow for 2021-2022: US$18,501 Million * Total ODI outflow for 2022-2023: US$13,491 Million * Total ODI outflow for 2023-2024: US$14,367 Million * **Top Ten ODI Destination Countries (Financial Year Wise):** * Singapore is the top destination (US$9,578 million cumulative) * Mauritius is the second top destination (US$3,131 million cumulative) * United States of America is the third top destination (US$7,341 million cumulative) * **Country-Wise ODI Outflows (April 2000 - February 2024):** * Singapore is the top receiver, accounting for 19% of total ODI. * Mauritius is the second top receiver, accounting for 14% of total ODI. * The United States of America is the third top receiver, accounting for 12% of total ODI. * **Sectors Attracting Highest ODI Outflows (Financial Years Wise):** * Financial, Insurance, and Business Services account for 36% of total outflows. * Manufacturing accounts for 22% of total outflows. * Wholesale, Retail Trade, Restaurants and Hotels accounts for 15% of total outflows. * **Sectors Attracting Highest ODI Outflows (Month-Wise):** * Financial, Insurance and Business Services (US$241 million February) * Wholesale, Retail Trade, Restaurants and Hotels (US$228 million February) * Manufacturing (US$236 million February) **Impact Analysis** **Authorized Dealer (AD) Banks** * **Impact**: AD banks are responsible for online reporting, which affects the accuracy and updates to the ODI data. * **Action Required**: Ensure timely and accurate online reporting of ODI transactions.

Key Entities Referenced

Overseas Direct Investment (ODI): Investment made to acquire a lasting interest in an enterprise operating in an economy other than that of the investor.
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MONTHLY FACT SHEET FOR FEBRUARY 2024 OVERSEAS DIRECT INVESTMENT (ODI)1 DATA FROM APRIL 2000 TO FEBRUARY 2024 A. CUMULATIVE ODI OUTFLOWS (from April 2000 to February 2024) (Figures in US$ Million) S. No CUMULATIVE AMOUNT OF ACTUAL ODI Total OUTFLOWS 1. Equity Loans Guarantee Invoked Equity +Loans+ Guarantee Invoked Period (from April, 2,00,609 93,818 6,926 3,01,353 2000 to February , 2024) 2. CUMULATIVE AMOUNT OF ODI (FINANCIAL Equity +Loans+ COMMITMENT) Guarantee Issued Period (from April, Equity Loans Guarantee Issued 2000 to February , 2024) 2,00,609 93,818 4,07,968 7,02,395 B. COMPONENT-WISE BREAK-UP OF ODI (Figures in US$ Million) Financial Overseas Direct Investment (ODI) Financial Actual year Commitment ODI Equity Loans Guarantee Guarantee (II+III+IV) Outflow Issued Invoked (II+III+V) I II III IV V VI VII 2021-22 13,357 4,846 33,781 298 51,984 18,501 2022-23 8,603 4,703 21,492 185 34,798 13,491 2023-24 100,71 4,072 15,571 224 29,714 14,367 (April- February ) Total 32,031 13,621 70,844 707 1,16,496 46,359 1 Disclaimer: The ODI data’s are provisional published on 07th March, 2024 and subject to change on account of the online reporting made by the Authorized Dealer (AD) banks. The break-up may not add-up to the totals given due to rounding-off of decimals and online reporting (continue) by AD banks. 1C. SUMMARY OF REPATRIATION (INFLOW) FROM JV/WOS (BASED ON APR) (Figures in US$ Million) Sr. Item FY 2021-22 FY 2022-23 FY 2023-24 (Apr Cumulative (Apr –February 2000- February No 2024) 2024) 1 Dividend 2,613 1,929 80 22,436 2 Repayment of 1,711 1,393 1 27,200 Loans 3 Non-Equity 11,521 13,155 48 99,539 Exports Realised 4 Royalties 39 130 2 1,499 5 Technical know- 38 30 9 571 how fees 6 Consultancy fees 388 182 6 5,440 7 Others* 6,417 3,980 285 87,103 Total 22,727 20,799 432 2,43,788 * Others include Repayment of Repatriations, Refund of Share Application Money and Others fee. D. ODI ACTUAL OUTFLOWS (MONTH-WISE) Actual ODI outflow (In US$ Million) S. No. Month 2021-2022 2022-2023 2023-2024 1 April 2,029 811 1,113 2 May 1,406 633 779 3 June 2,076 895 613 4 July 1,115 655 1,053 5 August 961 1,234 1,018 6 September 2,185 995 1,040 7 October 1,540 872 1,195 8 November 1,200 2,463 623 9 December 2,270 1,634 1,730 10 January 920 819 4,384 11 February 586 1,155 819 12 March 2,213 1,325 0 Total 18,501 13,491 14,367 2E. TOP TEN ODI DESTINATION COUNTRIES (FINANCIAL YEAR WISE) Rank Country ODI (In US$ Million) Cumulative ODI (Apr 2021- February 2024) 2021-22 2022-23 2023-24 In US$ As % of ‘Total (April – Million ODI (April February 2021-February 2024) 2024)’ 1 SINGAPORE 4,497 2,202 2,879 9,578 (21) 2 MAURITIUS 1,729 1,130 272 3,131 (7) 3 UNITED 3,602 2,044 1,695 7,341 (16) STATES OF AMERICA 4 NETHERLANDS 1,050 984 862 2,896 (6) 5 UNITED 2,355 2,731 1,169 6,255 (13) KINGDOM 6 UNITED ARAB 494 1,284 1,045 2,823 (6) EMIRATES 7 RUSSIA 567 200 5 772 (2) 8 BRITISH 299 297 115 711 (2) VIRGIN ISLANDS 9 SWITZERLAND 453 320 328 1,101 (2) 10 MOZAMBIQUE 288 94 3,935 4,317 (9) Total ODI to Top 15,334 11,286 12,305 38,925 (84) 10 Countries** (83) (84) (86) (84) Total ODI (to All 18,501 13,491 14,367 46,359 Countries) ** Value given in parentheses is % Share in 'Total ODI’ ** Channel Island is not included in top 10 for lack of Data. 3F. COUNTRY-WISE ODI OUTFLOWS FROM APRIL 2000 TO FEBRUARY 2024 Sr. No Name of the Country ODI (in US$ As % of Total ODI Million) 1 SINGAPORE 57363 19% 2 MAURITIUS 41003 14% 3 UNITED STATES OF AMERICA 36300 12% 4 NETHERLANDS 24761 8% 5 UNITED KINGDOM 18675 6% 6 UNITED ARAB EMIRATES 14367 5% 7 RUSSIA 12708 4% 8 CHANNEL ISLAND 10579 4% 9 BRITISH VIRGIN ISLANDS 8858 3% 10 SWITZERLAND 7748 3% 11 MOZAMBIQUE 7702 3% 12 CYPRUS 7016 2% 13 SRI LANKA 6028 2% 14 CAYMAN ISLAND 5087 2% 15 SUDAN 3069 1% 16 HONGKONG 2181 1% 17 CANADA 2106 1% 18 BERMUDA 1880 1% 19 AUSTRALIA 1804 1% 20 AZERBAIJAN 1774 1% 21 MYANMAR 1767 1% 22 GERMANY 1757 1% 23 INDONESIA 1522 1% 24 JERSEY 1201 0% 25 SOUTH AFRICA 1195 0% 26 VIETNAM 1103 0% 27 IRELAND 995 0% 28 LUXEMBOURG 928 0% 29 CHINA 926 0% 30 PHILIPPINES 921 0% 31 SOUTH KOREA 796 0% 32 BANGLADESH 745 0% 33 ISLE OF MAN 733 0% 34 BRAZIL 732 0% 35 MALAYSIA 712 0% 36 SPAIN 667 0% 37 EGYPT 633 0% 38 ITALY 607 0% 39 PANAMA 580 0% 4Sr. No Name of the Country ODI (in US$ As % of Total ODI Million) 40 BELGIUM 528 0% 41 OMAN 523 0% 42 THAILAND 513 0% 43 JAPAN 473 0% 44 FRANCE 448 0% 45 IFSC GIFT CITY 409 0% 46 SWEDEN 405 0% 47 SAUDI ARABIA 397 0% 48 ISRAEL 396 0% 49 KAZAKHISTAN 392 0% 50 DENMARK 350 0% 51 COLOMBIA 341 0% 52 KENYA 330 0% 53 CZECH REPUBLIC 292 0% 54 NORWAY 257 0% 55 LIBYA 244 0% 56 MOROCCO 237 0% 57 NEPAL 232 0% 58 MEXICO 220 0% 59 JORDAN 213 0% 60 BAHRAIN 210 0% 61 IRAN 206 0% 62 NIGERIA 203 0% 63 TURKEY 197 0% 64 ZAMBIA 187 0% 65 GABON 185 0% 66 ETHIOPIA 181 0% 67 LIBERIA 181 0% 68 BAHAMAS 171 0% 69 URUGUAY 168 0% 70 MALTA 167 0% 71 CHILE 157 0% 72 QATAR 154 0% 73 TANZANIA 145 0% 74 CUBA 143 0% 75 GHANA 141 0% 76 BOTSWANA 130 0% 77 IVORY COAST 111 0% 78 MALDIVES 105 0% 79 FINLAND 95 0% 80 BHUTAN 90 0% 5Sr. No Name of the Country ODI (in US$ As % of Total ODI Million) 81 UGANDA 90 0% 82 AUSTRIA 79 0% 83 NEW ZEALAND 77 0% 84 SYRIAN ARAB REPUBLIC 73 0% 85 POLAND 62 0% 86 BOLIVIA 56 0% 87 GREECE 55 0% 88 CONGO 47 0% 89 ROMANIA 45 0% 90 HUNGARY 42 0% 91 CAMBODIA 37 0% 92 CROATIA 34 0% 93 GUYANA 34 0% 94 SENEGAL 34 0% 95 RWANDA 32 0% 96 MARSHALL ISLAND 28 0% 97 PERU 28 0% 98 YEMEN 26 0% 99 LAOS 23 0% 100 DEMOCRATIC REPUBLIC OF 22 0% TIMOR LESTE 101 FEDERATION OF SAINT KITTS 21 0% AND NEVIS 102 KYRGYZ REPUBLIC 19 0% 103 PUERTO RICO 19 0% 104 PORTUGAL 18 0% 105 UZBEKISTAN 18 0% 106 ZIMBABWE 17 0% 107 MALI 14 0% 108 VENEZULA 14 0% 109 ALGERIA 13 0% 110 TUNISIA 12 0% 111 AFGHANISTAN 11 0% 112 GAMBIA 11 0% 113 MONGOLIA 11 0% 114 TAIWAN 11 0% 115 EUROPIAN UNION 10 0% 116 GUATEMAL 10 0% 117 KUWAIT 10 0% 118 COSTA RICA 9 0% 119 TRINIDAD AND TOBAGO 9 0% 6Sr. No Name of the Country ODI (in US$ As % of Total ODI Million) 120 MAURITANIA 7 0% 121 GIBRALTER 6 0% 122 LIECHTENSTEIN 6 0% 123 MALDOVA 6 0% 124 SEYCHELLES 6 0% 125 BELARUS 5 0% 126 GUINEA REPUBLIC 5 0% 127 KIRGHIZSTAN 5 0% 128 NAMIBIA 5 0% 129 REPUBLIC OF MADAGASCAR 5 0% 130 SAINT LUCIA 5 0% 131 TADJIKISTAN 5 0% 132 TOGO 5 0% 133 UKRAINE 5 0% 134 ECUADOR 4 0% 135 GEORGIA 4 0% 136 GUERNSEY 4 0% 137 MALAWI 4 0% 138 PARAGUAY 3 0% 139 ARGENTINA 2 0% 140 BENIN 2 0% 141 BRUNEI 2 0% 142 BULGARIA 2 0% 143 VANATUA 2 0% 144 ALBANIA 1 0% 145 BARBADOS 1 0% 146 BURKINO FASO 1 0% 147 DOMINICAN REPUBLIC 1 0% 148 ESTONIA 1 0% 149 FIJI 1 0% 150 HONDURAS PEPUBLIC 1 0% 151 LITHUANIA 1 0% 152 NIGER 1 0% 153 REPUBLIC OF MACEDONIA 1 0% 154 SLOVAKIA 1 0% 155 BELIZE 0 0% 156 BRITISH ANGUILLA 0 0% 157 BURUNDI 0 0% 158 CAMEROON 0 0% 159 CENTRAL AFRICAN REPUBLIC 0 0% 160 CHAD 0 0% 7Sr. No Name of the Country ODI (in US$ As % of Total ODI Million) 161 DJIBOUTI REPUBLIC 0 0% 162 ICELAND 0 0% 163 IRAQ 0 0% 164 LATVIA 0 0% 165 REPUBLIC OF SERBIA 0 0% 166 SIERRA LEONE 0 0% 167 SLOVENIA 0 0% 168 SOMALIA 0 0% 169 ST. VINCENT 0 0% 170 SWAZILAND 0 0% Grand Total 301353 100% 8G. SECTORS ATTRACTING HIGHEST ODI OUTFLOWS (FINANCIAL YEARS WISE) (In US$ Million) Rank Sectors Yearly Actual Outflows Cumulative Outflows (In US$ Million) 2021-22 2022- 2024-24 In US$ As % of ‘Total 23 (April – Million ODI (April February 2021 – 2024) February 2024) 1 FINANCIAL,INSURANCE 8,130 4,459 4,009 16,598 36% AND BUSINESS SERVICES 2 MANUFACTURING 4,249 3,515 2,411 10,175 22% 3 WHOLSALE, RETAIL 2,317 2,898 1,521 6,736 15% TRADE, RESTAURANTS AND HOTELS 4 AGRICULTURE AND 1,010 714 4,559 6,283 14% MINING 5 CONSTRUCTION 1,030 587 523 2,140 5% 6 COMMUNITY, SOCIAL 1,346 322 347 2,015 4% AND PERSONAL SERVICES 7 TRANSPORT, STORAGE 323 836 789 1,948 4% AND COMMUNICATION SERVICES 8 ELECTRICITY, GAS AND 74 104 184 362 1% WATER 9 MISCELLANEOUS 22 56 24 102 0% TOTAL OUTFLOWS 18,501 13,491 14,367 46,359 100% 9H. SECTORS ATTRACTING HIGHEST ODI OUTFLOWS (MONTH-WISE) (In US$ Million) Ran Sector April- May June- July- Aug- Sept- Oct- Nov Dec- Jan- Feb- k 23 -23 23 23 23 23 23 -23 23 24 24 1 FINANCIAL,IN 336 297 262 634 328 382 560 168 653 147 241 SURANCE AND BUSINESS SERVICES 2 TRANSPORT, 167 27 20 25 278 38 3 28 152 44 8 STORAGE AND COMMUNICAT ION SERVICES 3 WHOLSALE, 75 213 132 132 103 96 60 113 272 97 228 RETAIL TRADE, RESTAURANTS AND HOTELS 4 MANUFACTUR 342 108 103 104 133 384 155 227 450 169 236 ING 5 CONSTRUCTIO 64 65 39 25 130 66 39 10 58 22 5 N 6 ELECTRICITY, 22 1 2 3 2 1 135 3 3 1 9 GAS AND WATER 7 AGRICULTURE 93 47 39 37 24 59 174 65 117 3,872 33 AND MINING 8 COMMUNITY, 13 19 16 88 19 11 69 8 24 22 59 SOCIAL AND PERSONAL SERVICES 9 MISCELLANEO 1 2 0 5 1 3 0 1 1 10 0 US TOTAL 1,113 779 613 1,053 1,018 1,040 1,195 623 1,730 4,384 819 OUTFLOWS ***** 10

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