RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Press Releases Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

108171018

India’s International Investment Position (IIP), September 2023

Today, the Reserve Bank released data relating to India’s International Investment Position  for end-September 2023[1].

Key Features of India’s IIP in end-September 2023:

  • Net claims of non-residents on India rose marginally during Q2:2023-24 to    US$ 380.9 billion in September 2023.
  • Foreign-owned financial assets in India recorded higher increase                      (US$ 7.4 billion) vis-à-vis Indian residents’ overseas financial assets               (US$ 6.0 billion), which led to the increase in net claims of non-residents     (Table 1).
  • Indian residents’ foreign assets increased during July-September 2023 due to rise in currency and deposits as well as overseas direct investment, even though reserve assets and loans declined during the quarter.
  • Despite some reduction in direct investment liabilities, India’s total foreign liabilities rose during Q2:2023-24 due to increase in portfolio and other investments.
  • Reserve assets accounted for 63.0 per cent of India’s international financial assets at end-September 2023 (Table 2).
  • Variation in the exchange rate of the Indian rupee vis-à-vis other currencies impacted the change in liabilities, when valued in US dollar terms.
  • The ratio of India’s international financial assets to international financial liabilities improved to 71.0 per cent in September 2023 (68.7 per cent a year ago).
  • The share of debt liabilities in total external liabilities rose marginally to 50.3 per cent in September 2023 (49.8 per cent a year ago) (Table 3)

(Yogesh Dayal)       
Chief General Manager

Press Release: 2023-2024/1573

 

Table 1:  Overall International Investment Position of India

(US$ billion)

Period

Sep-22 (PR)

Dec-22 (PR)

Mar-23 (PR)

Jun-23 (PR)

Sep-23

(P)

Net IIP (A-B)

-386.5

-373.1

-367.4

-379.5

-380.9

A. Assets

846.8

875.8

902.7

926.8

932.8

      1. Direct Investment

217.2

222.7

225.5

227.8

231.3

            1.1 Equity and investment fund shares

136.2

140.1

142.0

143.5

145.3

            1.2 Debt instruments

81.0

82.6

83.5

84.3

86.0

       2. Portfolio Investment

11.0

10.9

11.0

11.3

11.6

            2.1 Equity and investment fund shares

6.3

8.6

5.0

8.7

7.9

               2.2 Debt securities

4.7

2.3

6.0

2.6

3.7

       3. Other Investment

85.9

79.5

87.7

92.6

102.2

            3.1 Trade Credits

24.6

26.1

27.5

29.7

31.1

            3.2 Loans

8.1

8.6

10.7

14.5

9.7

            3.3 Currency and Deposits

33.5

27.1

30.5

30.6

43.4

            3.4 Other Assets

19.7

17.7

19.0

17.8

18.0

        4. Reserve Assets

532.7

562.7

578.5

595.1

587.7

B. Liabilities

1,233.3

1,248.9

1,270.1

1,306.3

1,313.7

       1. Direct Investment

510.2

510.7

523.3

532.3

528.6

            1.1 Equity and investment fund shares

482.0

482.1

493.9

501.4

497.7

            1.2 Debt instruments

28.2

28.6

29.4

30.9

30.9

       2. Portfolio Investment

244.3

244.2

243.5

258.4

259.4

            2.1 Equity and investment fund shares

137.0

140.5

139.0

152.9

154.6

            2.2 Debt securities

107.3

103.7

104.5

105.5

104.8

       3. Other Investment

478.8

494.0

503.3

515.6

525.7

            3.1 Trade Credits

123.2

124.6

124.3

119.3

122.8

            3.2 Loans

190.2

196.7

202.5

207.1

209.0

            3.3 Currency and Deposits

135.6

136.1

141.1

144.1

146.1

            3.4 Other Assets

29.8

36.6

35.4

45.1

47.8

Memo Item: Assets to Liability ratio (%)

68.7

70.1

71.1

70.9

71.0

Note:

    1. PR: Partially revised, P: Provisional
    2. 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-22 (PR)

Dec-22 (PR)

Mar-23 (PR)

Jun-23 (PR)

Sep-23

(P)

A. Assets

      1. Direct Investment

      25.7

      25.4

      25.0

      24.6

      24.8

       2. Portfolio Investment

        1.3

        1.2

        1.2

        1.2

        1.2

       3. Other Investment

      10.1

        9.1

        9.7

      10.0

      11.0

       4. Reserve Assets

      62.9

      64.3

      64.1

      64.2

      63.0

Total

    100.0

    100.0

    100.0

    100.0

    100.0

B. Liabilities

       1. Direct Investment

      41.4

      40.9

      41.2

      40.7

      40.2

       2. Portfolio Investment

      19.8

      19.6

      19.2

      19.8

      19.8

       3. Other Investment

      38.8

      39.5

      39.6

      39.5

      40.0

Total

    100.0

    100.0

    100.0

    100.0

    100.0

Table 3: Share of External Debt and Non-Debt Liabilities of India

                                                                                                                        (per cent)

Period

Sep-22 (PR)

Dec-22 (PR)

Mar-23 (PR)

Jun-23 (PR)

Sep-23

(P)

Non-Debt Liabilities

      50.2

      49.9

      49.8

      50.1

      49.7

Debt Liabilities

      49.8

      50.1

      50.2

      49.9

      50.3

Total

    100.0

    100.0

    100.0

    100.0

    100.0

 

 

[1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-June 2023 was released in the RBI website on September 28, 2023.

RbiTtsCommonUtility

प्ले हो रहा है
వినండి

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

భారతీయ రిజర్వ్ బ్యాంక్ మొబైల్ అప్లికేషన్‌ను ఇన్‌స్టాల్ చేయండి మరియు తాజా వార్తలకు త్వరిత యాక్సెస్ పొందండి!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

ఈ పేజీ ఉపయోగకరంగా ఉందా?