India's outward FDI falls 8.45% in May: RBI data

On the sequentially basis, the fall was steeper, from $5,981.86 million in April 2025

The Reserve Bank of India (RBI) in its latest data report has showed that India’s outward foreign direct investment (OFDI) commitments declined 8.45% to $2,830.35 million in May 2025, from $3,091.56 million in May 2024. On the sequentially basis, the fall was steeper, from $5,981.86 million in April 2025.

According to the report titled ‘Overseas direct investment for May 2025’, the equity commitments fell to $929.90 million in May 2025 as compared to $1,020.66 million in May 2024, lower by 8.89%. The equity commitments stood at $1,944.97 million in April 2025.

The report further noted that debt commitments rose around five-fold to $1,276.92 million in May 2025, from $261.08 million in May 2024. They were also higher than the $1,080.34 million recorded in April 2025. Besides, guarantees for overseas units declined to $623.53 million in May 2025, from $1,809.81 million in May 2024.