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Emerging economies are coming forward and contributing large share of FDI outflows in world's total FDI outflows. In the global economy, India has spring up as major recipient of FDI and also significant outward investors. Due to the strategic importance of Outward FDI Indian companies spreading their footprints by making Greenfield and brownfield investments across the globe. There is a need to study the status of emerging India in terms of OFDI country. In this paper attempt is made to analyze the FDI outflows from India. The study tries to explore trends of Outward FDI to exhibits the sector-wise and year-wise distribution of Indian direct investments abroad. The period of study covers the data from 1996 to 2014. Additionally, the study attempts to provide list of top foreign acquisition by Indian firms' industry-wise, sector-wise. From the results obtained, Singapore is the most preferred investment destination by Indian corporates followed by Mauritius, Netherland, USA and UAE. India is showing unprecedented growth in FDI outflows, there is a need of appropriate investment promotion efforts and home country government supporting terms of bargaining with host country government for implementation of projects should be given to boost the confidence of Indian companies. [ABSTRACT FROM AUTHOR]