Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Figure 13: India’s OFDI to the CARIFORUM Countries (US$ million)

Source: Reserve Bank of India database on monthly OFDI from India and India Exim Bank Analysis The Bahamas is the leading country absorbing OFDI from India during April 1996 to March 2021. India’s OFDI to the Bahamas stood at US$ 214.1 million, which is 76.7 percent of India’s total OFDI to the region. Guyana, Barbados and Trinidad and Tobago were other major countries absorbing Indian investments during the same period. (Table 13) . Due to worsening global economic conditions, there were no recorded OFDIs from India to the CARIFORUM countries during April 2020 to March 2021.

Table 13: OFDI from India to the CARIFORUM Countries (US$ mn)

April 1996 - March 2011

Apl. 1996 to March 2020

Name of the country

Sr. No

2011 12

2012 13

2013 14

2014 15

2015 16

2016 17

2017 18

2018 19

2019 20

1 The Bahamas 5 Guyana 2 Barbados 9 Trinidad & Tobago 7 St Kitts and Nevis 6 Saint Lucia 8 St. Vincent 4 Dominican Republic 3 Belize

1 34.4 54.9 17.1 32.8 10.8 13 7.9 42.3 0 214.1

0 0.2

- 7.8 3.1 2.9 3.2 0.6 0.8 0.2 24.1

22.7 0.2 0.1 0.2 0.2

- - - - - - -

- - - - - - -

- - - - - - -

0 0 23.5

2.7

-

-

-

-

-

8.2 10.9

0 0.6

- - - - -

- - - - -

3

-

0

3.6 1.8 0.9 0.1

1.8

- - - -

0.1

0 0

-

- - -

- -

0.9

0.1

- -

-

-

0.025

Total

28.3 35.4 55 25.1 39.1 13.7 16.2 8.5 43.1 9.4

279

“-“ Nil or negligible Source: RBI database on monthly OFDI from India and India Exim Bank Analysis

Investment Scenario in the CARIFORUM Countries

37