India’s outbound foreign direct investment (FDI) stood at $4.41 billion in September 2025, down from $4.81 billion a year earlier but marking a month-on-month increase. The rise was driven by higher investments in manufacturing, financial services, and energy sectors, signaling resilient cross-border expansion by Indian corporates. Analysts said the trend reflects steady capital outflows amid global uncertainty and underscores India’s growing footprint in strategic international markets.