Outward FDI by Indian companies falls 48% on year in June to $2.99 bln
This story was originally published at 16:15 IST on 20 July 2026
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MUMBAI – Foreign direct investment by Indian companies in their overseas joint ventures and subsidiaries fell 48% on year to $2.99 billion in June, according to data released by the Reserve Bank of India Monday. Indian companies had committed $5.74 billion on outward foreign direct investment in June 2025, while the figure for May was revised higher to $4.51 billion from the provisional $4.49 billion.
Domestic companies issued guarantees worth $1.78 billion for their overseas subsidiaries and joint ventures in June, down over 40% from a year ago. Larsen and Toubro Ltd. issued the largest guarantee worth $647.89 million for its subsidiary Larsen Toubro Arabia LLC in Saudi Arabia. As of Jun. 30, the US recieved the highest outward foreign direct ivestment with a total of $2.48 billion.
Of the total overseas investments in June, companies invested $738.32 million as equity, down over 66% on year and 41% on month. Companies committed $469.87 million in loans in June, down over 17% on year. The data, based on online reporting by authorised dealer banks, is provisional and subject to change, the RBI said. End
US$1 = INR 96.45
Reported by Janwee Prajapati
Edited by Avishek Dutt
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