India’s outward FDI falls 47.9% to $3 billion in June: RBI data | Finance News
India’s outward foreign direct investment (FDI), measured by financial commitment, declined 47.9 per cent year-on-year (YoY) to $3 billion in June 2026 from $5.74 billion in the same month last year, according to data released by the Reserve Bank of India (RBI).
On a sequential basis, outward FDI fell from $4.5 billion in May 2026.
Outbound FDI comprises three components — equity, debt (loans), and guarantees.
Equity commitments declined to $738 million in June from $2.2 billion a year ago and were also lower than $1.25 billion in May 2026.
Debt commitments fell to $469.87 million in June from $568.54 million in the corresponding month of 2025 and from $645.75 million in May 2026.
Guarantees issued for overseas entities declined to $1.78 billion in June from $2.97 billion a year earlier and $2.61 billion in May 2026.
According to RBI data on major overseas investment commitments, ONGC Videsh Rovuma committed $40 million towards its Mozambique-based joint venture, Project R2 Mozambique. Startup Investments committed nearly $35 million towards its Singapore-based joint venture.
Lenskart committed equity worth $22 million to its Singapore-based wholly owned subsidiary. GFCL EV Products committed $20 million in equity to its Oman-based joint venture and another $0.13 million to its Oman-based wholly owned subsidiary. OneSource Specialty Pharma committed $18 million in equity to its Singapore-based wholly owned subsidiary.
Among guarantee commitments, ONGC Videsh extended guarantees worth $47 million to its Singapore-based wholly owned subsidiary and another $24 million to its British Virgin Islands-based wholly owned subsidiary. Oil India committed guarantees worth $16.15 million to its British Virgin Islands-based wholly owned subsidiary.
In debt commitments, Zydus Worldwide DMCC committed $183 million to its UAE-based wholly owned subsidiary, while Sterling and Wilson Renewable Energy committed $44 million to its UAE-based wholly owned subsidiary.
For the financial year 2025-26 (FY26), India’s outward FDI commitments stood at $48.6 billion, compared with $43.7 billion in FY25.
First Published: Jul 20 2026 | 9:00 PM IST
