Indians' foreign investments increase 28% in 12 months, shows data

Lower remittance share, higher growth amid diversification play

Indians looking for investment opportunities abroad have remitted over half-a-billion dollars in the last 12 months, which is an increase of around 28 per cent over the previous year. Though still a small fraction of overall remittances, the growth rate indicates strong appetite for foreign investments.

Indians invested $593.5 million in the 12 months ended September 30, shows the Reserve Bank of India’s data. The rolling 12-month figure for August was similar at $593.6 million. Both these numbers represent the highest value of remittances for equity and debt investments made over a 12-month period since at least March 2012.

The analysis considered