India's outward foreign direct investment (OFDI) nearly halved to $3.39 billion in April on an annual basis, data released by the Reserve Bank of India (RBI) showed. In comparison, the OFDI stood at $6.71 billion in April 2021 and $3.44 billion in March 2022. The equity component in April was $544.87 million and loans amounted to $764.25 million.