In fact, some other multilateral institutions are also now evaluating the option of similar bond issuances. BIS central bankers’ speeches  5  Regulations on capital outflows 17. In a capital scarce economy like ours, it is perhaps logical that there should be close monitoring of out-bound investments.
The case for overseas direct investment (ODI) rests on permitting Indian entrepreneurs to exploit avenues for profitable investment abroad. With this in view, we have progressively liberalized the regulatory regime for ODI. But as in case of any investment, ODI must also yield returns over time.