Indian companies’ overseas investments in the first eight months of the current financial year were lower by $6.372 billion compared to the corresponding year-ago period. In April-November 2012 period, outward investment by Indian companies was at $17.443 billion, against $23.815 billion in the year-ago period. N. S. Venkatesh, Chief General Manager (Treasury), IDBI Bank, attributed the slowdown in overseas investment to: major companies that were on the block after the last financial crisis being already taken over; Indian companies finding better returns in the domestic market; and/or the Euro zone crisis deterring them from making investments. According to RBI data, in November, Indian companies invested $2.311 billion in their overseas ventures against $2.034 billion in the year-ago period.

Source - http://www.thehindubusinessline.com