Indian Corporates Borrow $4.6 Billion from Overseas Markets in February
India Inc borrowed $4.6 billion from overseas markets in February
The Economic Times
Image: The Economic Times
In February, Indian corporations raised approximately $4.6 billion through external commercial borrowing, marking a 14% decrease from January. The majority of this amount, $4.2 billion, was secured via the automatic route, with notable contributions from Tata Power and Manappuram Finance.
- 01Indian corporates raised $4.6 billion in February 2023.
- 02This represents a 14% decline from January's borrowing.
- 03The majority of funds, $4.2 billion, were raised through the automatic route.
- 04Piramal Finance raised $400 million using the approval route.
- 05ABC Cleantech secured the largest amount of $595 million for a renewable energy project.
Advertisement
In-Article Ad
In February 2023, Indian corporations raised approximately $4.6 billion through external commercial borrowing (ECB), as reported by the Reserve Bank of India (RBI). This figure reflects a 14% decrease compared to January's borrowing levels. Of the total amount raised, $4.2 billion was mobilized through the automatic route, which does not require prior approval from the government or the central bank. Notably, over 100 companies participated in this borrowing, with significant contributions from Tata Power Renewable Energy, which raised $550 million, and Manappuram Finance, which secured $500 million. The largest single borrowing was made by ABC Cleantech, a Telangana-based renewable energy company, which raised $595 million for a tenure of about seven years.
Advertisement
In-Article Ad
This borrowing trend indicates a potential decrease in investment confidence among Indian corporations, which may affect future projects and employment opportunities.
Advertisement
In-Article Ad
Reader Poll
Do you think the decrease in corporate borrowing is a sign of economic slowdown?
Connecting to poll...
More about Reserve Bank of India
RBI Governor Highlights India's Economic Resilience Amid West Asia Crisis
Hindustan Times • Apr 21, 2026
Navigating Economic Uncertainties: India's Policy Choices Ahead
Business Standard • Apr 20, 2026
Jio Financial Services Projects Strong Growth in FY27, Focuses on Secured Lending
Business Standard • Apr 20, 2026
Read the original article
Visit the source for the complete story.