Four Indian companies commit $6.8 billion overseas FDI in April; nearly $6 million in Azerbaijan, Turkey

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Times of India 5h ago

Four Indian companies commit $6.8 billion overseas FDI in April; nearly $6 million in Azerbaijan, Turkey - Times of India

Quick Summary:

Indian firms invested nearly $6 million in Azerbaijan and Turkey in April, part of a larger $6.8 billion outbound FDI, which saw a 90% year-on-year increase.

This comes amid calls for boycotts due to Turkey and Azerbaijan's stance on India's actions in Pakistan, leading to a drop in travel demand.

This comes amid Turkey and Azerbaijan's condemnation of India's recent strikes on terror camps in Pakistan under Operation Sindoor, concerns have emerged over potential strain in New Delhi’s trade ties with both countries.