India overseas FDI falls to $4.34 billion in September

India's overseas Foreign Direct Investment (FDI) decreased by 14% year-on-year to $4.34 billion in September, according to data released by the Reserve Bank of India. This represents a decline from the $5.04 billion recorded during the same period last year.

While equity commitments from Indian companies rose by approximately 25% year-on-year to $3.26 billion, other investment categories saw declines. Loan commitments fell to $549.1 million from $981.1 million in the previous year, and issued guarantees dropped to $528.2 million from $1.47 billion.

In terms of specific equity outflows, Sun Pharma Laboratories led with $1.99 billion. Other notable outflows included White Oak Investment Management at $146 million and Naq Global Private Limited at $48 million.