Date: Sep 30, 2020
India’s International Investment Position (IIP), June 2020
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
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).
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.
Among the constituents of foreign-owned assets, loans, foreign direct investment (FDI) and currency and deposits increased, whereas portfolio investment declined during the quarter.
Reserve assets continued to have the dominant share in India’s international assets (Table 2).
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. |
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1India’s quarterly IIP is disseminated with a quarter lag. The IIP for end-March 2020 was placed in the public domain on June 30, 2020.