India’s foreign-owned belongings went up by$37.3 billion within the September quarter
India’s foreign-owned belongings went up by $37.3 billion within the September quarter whereas Indian residents’ abroad monetary belongings rose by $31.9 billion throughout the identical interval, in accordance with knowledge launched by the Reserve Bank of India (RBI).
As per India’s International Investment Position (IIP), the liabilities stood at $1,258.9 billion in the course of the July-September quarter as in comparison with $1,221.6 billion at June-end 2021.
The belongings stood at $927.1 billion at September-end, up from $895.2 billion in June quarter.
“Foreign-owned assets in India increased by $37.3 billion during the quarter whereas Indian residents’ overseas financial assets recorded lower rise of $31.9 billion, nearly three fourths of which came from build-up in reserve assets; partly reflecting the allocation of special drawing rights (SDRs) by the International Monetary Fund (IMF) in August 2021,” RBI stated.
According to central financial institution’s knowledge, web claims of the non-residents on India elevated by $5.4 billion in the course of the July-September interval.
The reserve belongings accounted for 68.5 p.c of the nation’s worldwide monetary belongings in September 2021. The share of debt liabilities in whole liabilities elevated marginally in the course of the September quarter to 47.8 p.c. The ratio of worldwide belongings to worldwide liabilities has progressively improved to 73.6 p.c in September 2021 from 70.4 p.c a yr in the past.
IIP is compiled as per the ‘Balance of Payments and International Investment Position Manual (Sixth version)’ of the IMF.
