RBI releases Data relating to the Financial Performance of FDI Companies in India
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 3 April, 2023
Latest from Taxmann
Press Release no. 2022-2023/1943; dated: 31.03.2023
The RBI has released the data relating to the financial performance of foreign direct investment (FDI) companies operating in India for year 2021-22. The data is based on audited annual accounts of 2,206 companies that reported their financials in Indian Accounting Standards (Ind-AS) format for three accounting years, from 2019-20 to 2021-22.
As per the data released, FDI companies witnessed a broad-based recovery in 2021-22 as the impact of COVID-19 pandemic diminished and economic activity rebounded. Further, royalty payment by FDI companies, with 1.35% share in their total expenditure, increased by 33.4% in 2021-22.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
