India’s outward foreign direct investment (FDI) commitments rose marginally to $3.51 billion in July 2025, up from $3.31 billion in July 2024. However, sequentially, they declined sharply compared to $5.13 billion in June 2025, according to data from the Reserve Bank of India (RBI).
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees.
Equity commitments fell to $1.6 billion in July 2025, compared with $2.04 billion a year ago and $2.09 billion in June 2025.
Debt commitments rose to $305.9 million in July 2025, from $283.9 million in July 2024. However, they were lower than the $592.4 million recorded in June 2025.
Guarantees for overseas units rose substantially to $1.61 billion in July 2025, from $987.17 million a year ago and $2.44 million in June 2025, RBI data showed.

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