Mumbai, Nov 15 (IANS) Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017.
According to data released by Reserve Bank of India (RBI) in its "Summary of Outward Foreign Direct Investment (OFDI) - October 2017" on November 13, the annual overseas investment in October declined by 57.81 per cent on a year-on-year basis.
The overseas investment stood at $3.20 billion in October 2016.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.