Business
The difference between an economy's external financial assets and liabilities is its net IIP.
Updated : Mar 20, 2018, 03:09 AM IST
Net claims by non-residents on India as reflected by net IIP increased to US $363 billion as of end-March 31, 2015 -- up US $9.3 billion from the previous quarter.
The increase in claims largely reflected valuation effects, the Reserve Bank said in a release on 'India's International Investment Position (IIP), March 2015.
The difference between an economy's external financial assets and liabilities is its net IIP.
"This change in the net position reflected a US $36.6 billion increase in the value of foreign-owned assets in India vis-à-vis a US $27.3 billion increase in the value of Indian Residents' financial assets abroad," RBI said in a statement.
Among other investment liabilities, currency and deposits increased by US $5.1 billion. Trade credit assets declined by US $4.5 billion during the quarter.
Foreign-owned assets in India increased by US $36.6 billion over the previous quarter to US $880.8 billion mainly due to the increase in direct and portfolio investments in India by US $12.6 billion and US $16.9 billion, respectively.
Among other investment liabilities, currency & deposits increased by US $5.1 billion.
"The ratio of India's international financial assets to international financial liabilities stood at 58.8% in March 2015 (58.1% in December 2014)," the Central Bank said.
Also, the share of non-debt liabilities increased marginally to 45.6% as at end- March 2015 from 45.3% at end- December 2014, it added.