India's outward FDI dips to $3.7 billion in September 2024: RBI data

India’s outward foreign direct investment (FDI) declined to $3.7 billion in September 2024, according to data from the Reserve Bank of India (RBI). This represents a decrease from the previous month, reflecting the impact of global economic uncertainties and geopolitical tensions. The decline in outward FDI is attributed to reduced investments in key sectors such as manufacturing, financial services, and technology. Despite the decline, India continues to be a significant source of FDI, with cumulative investments reaching $50 billion in the first nine months of 2024. The RBI data highlights the need for Indian companies to diversify their investment portfolios and explore new markets to mitigate risks