Press Releases

PDF document (389 kb)
Date : Dec 30, 2020
India’s International Investment Position (IIP), September 2020

Today, the Reserve Bank released data relating to India’s International Investment Position at end-September 2020.

Key Features of India’s IIP in September 2020

  • Net claims of non-residents on India declined by US$ 4.6 billion during the latest quarter and stood at US$ 339.1 billion at end-September 2020 (Table 1).

  • The decline in net claims was due to an increase of US$ 53.4 billion in Indian residents’ overseas financial assets vis-à-vis a lower increase of US$ 48.8 billion in foreign-owned assets in India.

  • Accretion to reserves assets (US$ 39.0 billion) was major contributor to the buildup in Indian residents’ overseas financial assets during July-September 2020.

  • The rise in foreign-owned assets in India was supported by increase of US$ 36.6 billion in foreign direct investment and US$ 11.7 billion in portfolio investment during the quarter.

  • 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.

  • The ratio of India’s international financial assets to international financial liabilities stood at 70.3 per cent in September 2020 as compared with 60.5 per cent a year ago.

  • Reserve assets accounted for nearly 68 per cent of India’s international assets (Table 2).

  • The share of debt liabilities in total liabilities stood at 49.2 per cent in September 2020 (Table 3).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/855


Table 1: Overall International Investment Position of India
(US $ billion)
Period Sep-19(R) Dec-19(PR) Mar-20(PR) June-20(PR) Sep-20(P)
Net IIP (A-B) -436.8 -425.1 -375.2 -343.7 -339.1
A. Assets 669.4 697.8 717.0 749.6 803.0
1. Direct Investment 176.2 179.7 183.0 185.9 188.4
2. Portfolio Investment 4.5 4.8 3.8 4.3 5.0
2.1 Equity Securities 2.3 2.6 0.6 0.8 1.9
2.2 Debt Securities 2.2 2.2 3.2 3.5 3.1
3. Other Investment 55.0 53.4 52.4 53.7 64.9
3.1 Trade Credits 1.6 2.2 1.5 1.3 2.9
3.2 Loans 7.9 6.2 6.7 7.4 9.0
3.3 Currency and Deposits 27.6 27.1 26.0 27.7 34.9
3.4 Other Assets 17.9 17.9 18.2 17.3 18.1
4. Reserve Assets 433.7 459.9 477.8 505.7 544.7
B. Liabilities 1106.2 1122.9 1092.2 1093.3 1142.1
1. Direct Investment 417.1 426.9 418.2 419.4 456.0
2. Portfolio Investment 260.2 266.7 246.7 241.6 253.3
2.1 Equity Securities 144.0 148.9 134.8 139.0 149.1
2.2 Debt securities 116.2 117.8 111.9 102.6 104.2
3. Other Investment 428.9 429.3 427.3 432.3 432.8
3.1 Trade Credits 106.6 105.2 104.3 104.0 102.2
3.2 Loans 174.8 177.3 179.6 184.4 180.3
3.3 Currency and Deposits 133.1 133.3 130.8 132.9 137.5
3.4 Other Liabilities 14.4 13.5 12.6 11.0 12.8
Memo item: Assets to Liability Ratio (%) 60.5 62.1 65.6 68.6 70.3
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 Sep-19 (R) Dec-19 (PR) Mar-20 (PR) June-20 (PR) Sep-20 (P)
A. Assets          
     1. Direct Investment 26.3 25.7 25.5 24.8 23.5
     2. Portfolio Investment 0.7 0.7 0.5 0.6 0.6
     3. Other Investment 8.2 7.7 7.3 7.2 8.1
     4. Reserve Assets 64.8 65.9 66.7 67.4 67.8
   Assets/Liabilities 100.0 100.0 100.0 100.0 100.0
B. Liabilities
     1. Direct Investment 37.7 38.0 38.3 38.4 39.9
     2. Portfolio Investment 23.5 23.8 22.6 22.1 22.2
     3. Other Investment 38.8 38.2 39.1 39.5 37.9

Table 3: Share of External Debt and Non-Debt Liabilities of India
(per cent)
Period Sep-19 (R) Dec-19 (PR) Mar-20 (PR) June-20 (PR) Sep-20 (P)
Non-Debt Liabilities 49.1 49.3 48.5 48.9 50.8
Debt Liabilities 50.9 50.7 51.5 51.1 49.2
Total 100.0 100.0 100.0 100.0 100.0

1India’s quarterly IIP is disseminated with a quarter lag. The IIP for end-June 2020 was placed in the public domain on September 30, 2020.


2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Archives
Top