Foreign owned assets in India rise
to $839 bn in April-June
NEW DELHI:
The foreign-owned assets in India increased by $ 22.9 billion over the previous
quarter to $ 839.3 billion during the quarter ended June 2014, according to
RBI.
This is mainly due to increase of $ 10.6 billion in portfolio investment in India and increase of $ 7.6 billion in direct investment into the country.
Among other investment liabilities, currency and deposits increased by $ 2.4 billion and loans (mainly external comme ..
This is mainly due to increase of $ 10.6 billion in portfolio investment in India and increase of $ 7.6 billion in direct investment into the country.
Among other investment liabilities, currency and deposits increased by $ 2.4 billion and loans (mainly external comme ..
borrowings)
rose by $ 1.2 billion, according to Reserve Bank data on International
Investment Position (IIP) for April-June.
The ratio of India's international financial assets to international financial liabilities stood at 58.7 per cent in June 2014 (59.1 per cent in March 2014)
On the assets front, the Indian residents' financial assets abroad stood at $ 492.8 billion, up $ 10.4 billion from previous quarter due to a rise of $ 11.9 billion in reserve assets.
The gap between assets and liabilities in this regard led to the rise in net claims of non-residents on India by $ 12.6 billion to $ 346.6 billion as of June 2014.
"This change in the net position reflected a $ 22.9 billion increase in the value
The ratio of India's international financial assets to international financial liabilities stood at 58.7 per cent in June 2014 (59.1 per cent in March 2014)
On the assets front, the Indian residents' financial assets abroad stood at $ 492.8 billion, up $ 10.4 billion from previous quarter due to a rise of $ 11.9 billion in reserve assets.
The gap between assets and liabilities in this regard led to the rise in net claims of non-residents on India by $ 12.6 billion to $ 346.6 billion as of June 2014.
"This change in the net position reflected a $ 22.9 billion increase in the value
anand maurya
pgdm-3sem
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