Reserve Bank of India – Press Releases

October 1, 2022

304

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