India Inc files ECB plans worth $ 2.83 bn in November, shows RBI data

According to recent RBI data, India Inc filed External Commercial Borrowing (ECB) plans worth $2.83 billion in November 2024. This reflects the increasing trend of businesses seeking funds through overseas borrowings to finance their expansion and capital needs. The rise in ECB filings comes amidst favorable global economic conditions, making foreign debt more attractive for Indian companies. These funds are typically used for infrastructure projects, working capital, and refinancing existing debt. The trend also underscores the growing role of international capital markets in supporting India’s business sector, even as companies explore diverse financing options in a competitive environment.