Today, the Reserve Bank released data relating to India’s International Investment Position at end-June 2019. Key Features of India’s IIP in June 2019 -
Net claims of non-residents on India increased by US$ 14.8 billion during April-June 2019 (Table 1). -
Foreign owned assets in India increased by US$ 35.0 billion, mainly on account of an increase in foreign direct investment (US$ 18.1 billion), portfolio investment (US$ 6.8 billion) and loans (US$ 5.9 billion). -
Foreign assets of Indian residents rose by US$ 20.2 billion during the quarter, primarily on account of increase in reserve assets. -
Appreciation of the Indian rupee against the US dollar during the quarter contributed to the increase in India’s liabilities when valued in US dollar terms; excluding this valuation effect, India’s liabilities would have amounted to US$ 1,110.4 billion as against US$ 1,113.9 billion inclusive of valuation. -
Reserve assets accounted for 64.9 per cent of total overseas assets (Table 2). -
The share of debt liabilities in total liabilities declined marginally to 50.6 per cent from 50.9 per cent at the end of March 2019 (Table 3). (Yogesh Dayal)
Chief General Manager Press Release : 2019-2020/827
| Table 1: Overall International Investment Position of India | | (US $ billion) | | Period | June-18(R) | Sep-18(PR) | Dec-18(PR) | Mar-19(PR) | Jun-19(P) | | Net IIP (A-B) | -407.4 | -387.3 | -426.9 | -436.8 | -451.6 | | A. Assets | 611.1 | 608.2 | 606.4 | 642.1 | 662.3 | | 1. Direct Investment | 160.9 | 163.5 | 166.6 | 170.0 | 172.9 | | 2. Portfolio Investment | 3.1 | 2.6 | 2.7 | 4.7 | 5.0 | | 2.1 Equity Securities | 1.9 | 1.8 | 1.4 | 0.6 | 1.8 | | 2.2 Debt Securities | 1.2 | 0.8 | 1.3 | 4.1 | 3.2 | | 3. Other Investment | 41.3 | 41.5 | 41.6 | 54.5 | 54.5 | | 3.1 Trade Credits | 1.4 | 0.9 | 0.3 | 0.9 | 2.1 | | 3.2 Loans | 7.0 | 7.1 | 6.6 | 9.9 | 9.8 | | 3.3 Currency and Deposits | 16.3 | 16.6 | 17.2 | 25.2 | 24.2 | | 3.4 Other Assets | 16.7 | 16.9 | 17.5 | 18.6 | 18.4 | | 4. Reserve Assets | 405.7 | 400.5 | 395.6 | 412.9 | 429.8 | | B. Liabilities | 1,018.5 | 995.5 | 1,033.3 | 1,078.9 | 1,113.9 | | 1. Direct Investment | 372.3 | 362.0 | 386.2 | 399.2 | 417.3 | | 2. Portfolio Investment | 254.3 | 237.9 | 245.8 | 260.3 | 267.1 | | 2.1 Equity Securities | 144.4 | 135.2 | 138.1 | 147.5 | 151.2 | | 2.2 Debt securities | 109.9 | 102.7 | 107.7 | 112.8 | 115.9 | | 3. Other Investment | 392.0 | 395.6 | 401.2 | 419.3 | 429.6 | | 3.1 Trade Credits | 99.6 | 104.3 | 103.7 | 105.2 | 107.2 | | 3.2 Loans | 156.6 | 157.6 | 160.4 | 168.1 | 174.0 | | 3.3 Currency and Deposits | 124.5 | 122.1 | 126.0 | 130.6 | 133.8 | | 3.4 Other Liabilities | 11.3 | 11.5 | 11.2 | 15.4 | 14.6 | | Memo item: Assets to Liability Ratio (%) | 60.0 | 61.1 | 58.7 | 59.5 | 59.5 | R: Revised PR: Partially revised P: Provisional;
The sum of the constituent items may not add to the total due to rounding off. |
| Table 2: Composition of International Financial Assets and Liabilities of India | | (per cent) | | Period | June-18(R) | Sep-18(PR) | Dec-18(PR) | Mar-19(PR) | Jun-19(P) | | A. Assets | | | | | | | 1. Direct Investment | 26.3 | 26.9 | 27.5 | 26.5 | 26.1 | | 2. Portfolio Investment | 0.5 | 0.4 | 0.4 | 0.7 | 0.8 | | 3. Other Investment | 6.8 | 6.8 | 6.9 | 8.5 | 8.2 | | 4. Reserve Assets | 66.4 | 65.9 | 65.2 | 64.3 | 64.9 | | Assets/Liabilities | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | B. Liabilities | | 1. Direct Investment | 36.6 | 36.4 | 37.4 | 37.0 | 37.5 | | 2. Portfolio Investment | 25.0 | 23.9 | 23.8 | 24.1 | 24.0 | | 3. Other Investment | 38.4 | 39.7 | 38.8 | 38.9 | 38.5 |
| Table 3: Share of External Debt and Non-Debt Liabilities of India | | (per cent) | | Period | June-18(R) | Sep-18(PR) | Dec-18(PR) | Mar-19(PR) | Jun-19(P) | | Non-Debt Liabilities | 49.2 | 48.4 | 49.1 | 49.1 | 49.4 | | Debt Liabilities | 50.8 | 51.6 | 50.9 | 50.9 | 50.6 | | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
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