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India’s International Investment Position (IIP), June 2017

Sep 29, 2017: The Reserve Bank released data relating to India’s international investment position (IIP) as at end-June 2017 (.xlsx file).

Key Features of India’s IIP in June 2017
  • Claims of non-residents on Indian residents at end-June 2017 were 70 per cent higher than the level of Indian residents’ foreign assets (including gold bullion held as reserve assets) (Table 1).
  • As a consequence, net IIP (the difference between the economy’s external financial assets and liabilities) deteriorated during April-June 2017.
  • Increase in reserve assets and overseas direct investment contributed to the increase in Indian residents’ financial assets abroad, offsetting a reduction in loans and currency and deposits during the quarter; reserve assets accounted for nearly two-third of India’s international financial assets (Table 2).
  • Portfolio investment in debt securities and direct investment inflows were major contributors to the increase in foreign-owned assets in India during the quarter.
  • Debt and non-debt liabilities had equal shares in total external liabilities of Indian residents (Table 3).
  • The ratio of India’s international financial assets to international financial liabilities stood at 58.7 per cent in June 2017 (61.3 per cent a year ago).



TABLE 1, 2 & 3 ARE AVAILABLE HERE: LINK



NOTE:

India’s quarterly IIP is disseminated with a one-quarter lag. The IIP for end-March 2017 was placed in the public domain on June 30, 2017.

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