Investments by Indians in foreign assets up 63.8% during past 12 months

Numbers have been rising fast since the pandemic; total amount of money sent abroad for foreign investments was $673.8 million

Indians spent more on foreign investments during the past 12 months than they have, since at least 2012, even as local exchanges have sought to make foreign offerings available through subsidiaries at the Gujarat international finance centre.

The total amount of money that Indians sent abroad for foreign investments is $673.8 million shows the latest data for December 2021. This is 63.8 per cent higher than the December 2020 figure. The numbers were $411.3 million for December 2020 and $452.1 million in December 2019, before the pandemic began.  The analysis shows a sharp rising trend in recent times (see chart