Today, the Reserve Bank launched knowledge referring to India’s International Investment Position for end-June 2022[1].
Key Features of India’s IIP in end-June 2022
-
Net claims of non-residents on India inched up marginally by US$ 0.7 billion throughout Q1:2022-23 to US$ 359.5 billion in June 2022.
-
During April-June 2022, Indian residents’ abroad monetary property fell by US$ (-)28.9 billion, which was near the drop of US$ (-)28.2 billion in overseas-owned monetary property in India (Table 1).
-
The decline in Indian residents’ overseas property in the course of the quarter was primarily because of the discount in reserve property, loans in addition to foreign money and deposits.
-
Around 85 per cent of the autumn in India’s overseas liabilities throughout Q1:2022-23 was attributed to portfolio funding (internet) outflows.
-
Reserve property accounted for round two thirds of India’s worldwide monetary property (Table 2).
-
Variation within the alternate charge of rupee vis-a-vis different currencies had a major impression on the change in liabilities, when valued in US$ phrases.
-
The share of debt liabilities in complete exterior liabilities elevated to 50.0 per cent as at end-June 2022 from 47.5 per cent a 12 months in the past (Table 3).
-
India’s worldwide monetary property coated 71.3 per cent of worldwide monetary liabilities as at end-June 2022.
(Yogesh Dayal) Chief General Manager
Press Release: 2022-2023/973
Table 1: Overall International Investment Position of India |
(US$ billion) |
Period |
Jun-21 (PR) |
Sep-21 (PR) |
Dec-21 (PR) |
Mar-22 (PR) |
Jun-22 (P) |
Net IIP (A-B) |
-330.7 |
-335.1 |
-353.1 |
-358.8 |
-359.5 |
A. Assets |
895.4 |
932.3 |
927.9 |
920.5 |
891.6 |
1. Direct Investment |
199.6 |
203.8 |
208.1 |
211.6 |
214.3 |
1.1 Equity and funding fund shares |
125.6 |
128.1 |
130.9 |
132.8 |
134.3 |
1.2 Debt devices |
74.0 |
75.7 |
77.2 |
78.8 |
80.0 |
2. Portfolio Investment |
7.9 |
8.6 |
9.7 |
10.6 |
10.6 |
2.1 Equity and funding fund shares |
3.1 |
4.6 |
6.1 |
1.1 |
8.1 |
2.2 Debt Securities |
4.8 |
4.0 |
3.6 |
9.5 |
2.5 |
3. Other Investment |
76.8 |
84.5 |
76.5 |
91.0 |
77.5 |
3.1 Trade Credits |
7.9 |
11.8 |
12.8 |
18.5 |
21.3 |
3.2 Loans |
13.6 |
10.8 |
8.9 |
10.5 |
6.5 |
3.3 Currency and Deposits |
35.9 |
42.3 |
34.8 |
42.1 |
30.2 |
3.4 Other Assets |
19.4 |
19.6 |
20.0 |
19.9 |
19.5 |
4. Reserve Assets |
611.1 |
635.4 |
633.6 |
607.3 |
589.2 |
B. Liabilities |
1,226.1 |
1,267.4 |
1,281.0 |
1,279.3 |
1,251.1 |
1. Direct Investment |
493.7 |
506.7 |
514.2 |
521.7 |
517.3 |
1.1 Equity and funding fund shares |
468.0 |
480.7 |
487.9 |
494.0 |
489.6 |
1.2 Debt devices |
25.7 |
26.0 |
26.3 |
27.7 |
27.7 |
2. Portfolio Investment |
284.9 |
290.8 |
284.7 |
270.5 |
246.5 |
2.1 Equity and funding fund shares |
176.2 |
177.0 |
172.8 |
156.4 |
135.5 |
2.2 Debt Securities |
108.7 |
113.8 |
111.9 |
114.1 |
111.0 |
3. Other Investment |
447.5 |
469.9 |
482.1 |
487.1 |
487.3 |
3.1 Trade Credits |
102.1 |
104.4 |
113.5 |
118.1 |
126.9 |
3.2 Loans |
190.0 |
192.6 |
195.3 |
195.8 |
192.1 |
3.3 Currency and Deposits |
143.1 |
142.9 |
143.5 |
141.0 |
137.4 |
3.4 Other Assets |
12.3 |
30.0 |
29.8 |
32.2 |
30.9 |
Memo merchandise: Assets to Liability Ratio (%) |
73.0 |
73.6 |
72.4 |
72.0 |
71.3 |
Note: 1. PR: Partially revised, P: Provisional 2. The sum of the constituent gadgets might not add to the whole because of rounding off. |
Table 2: Composition of International Financial Assets and Liabilities of India |
(per cent) |
Period |
Jun-21 (PR) |
Sep-21 (PR) |
Dec-21 (PR) |
Mar-22 (PR) |
Jun-22 (P) |
A. Assets |
1. Direct Investment |
22.3 |
21.9 |
22.4 |
23.0 |
24.0 |
2. Portfolio Investment |
0.9 |
0.9 |
1.0 |
1.2 |
1.2 |
3. Other Investment |
8.6 |
9.1 |
8.2 |
9.8 |
8.7 |
4. Reserve Assets |
68.2 |
68.1 |
68.4 |
66.0 |
66.1 |
Total |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
B. Liabilities |
1. Direct Investment |
40.3 |
40.0 |
40.1 |
40.8 |
41.3 |
2. Portfolio Investment |
23.2 |
22.9 |
22.3 |
21.1 |
19.7 |
3. Other Investment |
36.5 |
37.1 |
37.6 |
38.1 |
39.0 |
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 |
Jun-21 (PR) |
Sep-21 (PR) |
Dec-21 (PR) |
Mar-22 (PR) |
Jun-22 (P) |
Non-Debt Liabilities |
52.5 |
51.9 |
51.6 |
50.8 |
50.0 |
Debt Liabilities |
47.5 |
48.1 |
48.4 |
49.2 |
50.0 |
Total |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
|
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