During the last financial year (2010-11), Indian Investment Abroad in Joint Ventures and Wholly Owned Subsidiaries came down by 36.5% to $10.3 billion.

According to the latest statement from the central bank (RBI) in the year investments financed through loans recorded an increase over the previous year whilst investment financed through equity declined sharply.

For the three month period ended March 2010, the country's outward investment stood at $1.9 billion, showing a fall of 52.7% over the corresponding quarter of the previous year.

During the quarter, there was a rise in outflows financed via loans whereas outflows financed via equity experienced a sharp rejection.

Activity-wise, manufacturing segment occupied the biggest share in the country's outward investment during last quarter of 2009-10 and during 2009-10 as a whole.

But, the share of manufacturing slumped during 2009-10 as compared to previous year.

Direction-wise, a larger part of India's outward investment was made in Mauritius during January-March 2010. On a yearly basis, Singapore was the largest FDI recipient in 2009-10, accounting for 35.5 per cent of India's total outward FDI, moreover, its share increased over the year. (With Inputs from Agencies)