Post sponsored by NewzEngine.com
Source: Reserve Bank of India
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Today, the Reserve Bank released data relating to India’s International Investment Position at end-June 2020.
Key Features of India’s IIP in June 2020
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Net claims of non-residents on India declined for the fourth consecutive quarter and stood at US$ 345.7 billion at end-June 2020 (Table 1).
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The decline of US$ 29.7 billion in net claims during Q1:2020-21 was mainly due to an increase of US$ 27.9 billion in reserve assets.
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Among the constituents of foreign-owned assets, loans, foreign direct investment (FDI) and currency and deposits increased, whereas portfolio investment declined during the quarter.
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Reserve assets continued to have the dominant share in India’s international assets (Table 2).
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The share of non-debt liabilities increased marginally during the quarter to 48.9 per cent as at end-June 2020 (Table 3).
(Yogesh Dayal)
Chief General Manager
Press Release: 2020-2021/415
| Table 1: Overall International Investment Position of India |
| (US $ billion) |
| Period |
June-19(R) |
Sep-19(PR) |
Dec-19(PR) |
Mar-20 (PR) |
June-20 (P) |
| Net IIP (A-B) |
-451.6 |
-436.7 |
-425.1 |
-375.4 |
-345.7 |
| A. Assets |
662.2 |
669.5 |
697.9 |
717.0 |
747.9 |
| 1. Direct Investment |
173.2 |
176.2 |
179.7 |
183.0 |
185.4 |
| 2. Portfolio Investment |
5.0 |
4.5 |
4.8 |
3.8 |
4.3 |
| 2.1 Equity Securities |
1.8 |
2.3 |
2.6 |
0.6 |
0.8 |
| 2.2 Debt Securities |
3.2 |
2.2 |
2.2 |
3.2 |
3.5 |
| 3. Other Investment |
54.1 |
55.0 |
53.4 |
52.4 |
52.5 |
| 3.1 Trade Credits |
2.1 |
1.6 |
2.2 |
1.5 |
1.2 |
| 3.2 Loans |
9.8 |
7.9 |
6.2 |
6.7 |
7.4 |
| 3.3 Currency and Deposits |
24.2 |
27.6 |
27.1 |
26.0 |
27.8 |
| 3.4 Other Assets |
18.1 |
17.9 |
17.9 |
18.2 |
16.1 |
| 4. Reserve Assets |
429.8 |
433.7 |
459.9 |
477.8 |
505.7 |
| B. Liabilities |
1113.8 |
1106.2 |
1123.0 |
1092.4 |
1093.6 |
| 1. Direct Investment |
417.6 |
417.1 |
426.9 |
418.2 |
419.3 |
| 2. Portfolio Investment |
266.8 |
260.2 |
266.7 |
246.7 |
241.6 |
| 2.1 Equity Securities |
151.2 |
144.0 |
148.9 |
134.8 |
139.0 |
| 2.2 Debt securities |
115.6 |
116.2 |
117.8 |
111.9 |
102.6 |
| 3. Other Investment |
429.3 |
428.9 |
429.3 |
427.5 |
432.7 |
| 3.1 Trade Credits |
107.2 |
106.6 |
105.2 |
104.3 |
104.0 |
| 3.2 Loans |
173.7 |
174.8 |
177.3 |
179.8 |
184.4 |
| 3.3 Currency and Deposits |
133.8 |
133.1 |
133.3 |
130.8 |
132.9 |
| 3.4 Other Liabilities |
14.5 |
14.4 |
13.5 |
12.6 |
11.4 |
| Memo item: Assets to Liability Ratio (%) |
59.5 |
60.5 |
62.1 |
65.6 |
68.4 |
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-19(R) |
Sep-19(PR) |
Dec-19(PR) |
Mar-20 (PR) |
June-20 (P) |
| A. Assets |
|
|
|
|
|
| 1. Direct Investment |
26.2 |
26.3 |
25.7 |
25.5 |
24.8 |
| 2. Portfolio Investment |
0.8 |
0.7 |
0.7 |
0.5 |
0.6 |
| 3. Other Investment |
8.1 |
8.2 |
7.7 |
7.4 |
7.0 |
| 4. Reserve Assets |
64.9 |
64.8 |
65.9 |
66.6 |
67.6 |
| Assets/Liabilities |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
| B. Liabilities |
| 1. Direct Investment |
37.5 |
37.7 |
38.0 |
38.3 |
38.3 |
| 2. Portfolio Investment |
24.0 |
23.5 |
23.7 |
22.6 |
22.1 |
| 3. Other Investment |
38.5 |
38.8 |
38.3 |
39.1 |
39.6 |
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