Net FDI to India doubles to US$ 7.64 billion in April-September, shows RBI data
- IBEF
- November 25, 2025
Net foreign direct investment (FDI) in India more than doubled to Rs. 68,103 crore (US$ 7.64 billion) in H1 FY26 from Rs. 30,308 crore (US$ 3.4 billion) in H1 FY25, supported by higher inflows and a slowdown in repatriation, according to the Reserve Bank of India (RBI). Gross FDI inflows rose 16.14% YoY to Rs. 4,48,909 crore (US$ 50.36 billion) in H1 FY26, compared with Rs. 3,86,511 crore (US$ 43.36 billion) in the same period last year. Repatriation or disinvestment by overseas investors eased slightly to Rs. 2,35,330 crore (US$ 26.40 billion) from Rs. 2,47,720 crore (US$ 27.79 billion), while outward FDI by Indian firms increased to Rs. 1,45,476 crore (US$ 16.32 billion) from Rs. 1,08,483 crore (US$ 12.17 billion). The RBI’s State of the Economy report highlighted that gross inward FDI in September 2025 remained strong, with Singapore, Mauritius, the United Arab Emirates (UAE), Luxembourg, and Qatar accounting for about 78% of total inflows. Manufacturing, retail and wholesale trade, communication services, financial services, and computer services were the top recipient sectors. Gross inward FDI stood at Rs. 58,832 crore (US$ 6.6 billion) in September 2025, up from Rs. 56,426 crore (US$ 6.33 billion) in September 2024.
Despite strong gross inflows, net FDI turned negative in September 2025 at Rs. 21,126 crore (US$ 2.37 billion), compared with a negative Rs. 10,429 crore (US$ 1.17 billion) in September 2024, due to higher outward investments. Outward FDI surged to Rs. 33,695 crore (US$ 3.78 billion) in September 2025 from Rs. 20,502 crore (US$ 2.3 billion) in September 2024, while repatriation remained stable at Rs. 46,264 crore (US$ 5.19 billion). Key destinations for outward investments included Singapore, Mauritius, the UAE, and the United States (US), with major sectors such as financial services, insurance and business services, agriculture and mining, and manufacturing. The data indicate that while India continues to attract strong gross FDI, rising outward investments and steady repatriation are influencing monthly net flows.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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