According to the latest information from the Reserve Bank of India, which was shared in their monthly Bulletin on Tuesday, the country’s economy is showing some ups and downs in October.
The good news is that foreign direct investment (FDI) increased by 14%, reaching $6.8 billion. This means that more foreign companies are putting their money in India, which is a positive sign.
However, other important areas are not doing as well. For example, deposits from non-resident Indians (NRIs) and money sent back home through the liberalized remittance scheme slowed down in October. The most affected area was net portfolio investments, where India saw more than $10 billion flowing out of the country after enjoying steady money coming in for the last three months. This shift could be a concern for the future of investments in India.
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