Mumbai: Net claims by non-residents on India as reflected by net IIP increased to USD 363 billion as of end-March 31, 2015 -- up USD 9.3 billion from the previous quarter.
The increase in claims largely reflected valuation effects, the Reserve Bank said in a release on 'India's International Investment Position (IIP), March 2015.
The difference between an economy's external financial assets and liabilities is its net IIP.
"This change in the net position reflected a USD 36.6 billion increase in the value of foreign-owned assets in India vis-?-vis a USD 27.3 billion increase in the value of Indian Residents' financial assets abroad," RBI said in a statement.
Among other investment liabilities, currency and deposits increased by USD 5.1 billion. Trade credit assets declined by USD 4.5 billion during the quarter.
Foreign-owned assets in India increased by USD 36.6 billion over the previous quarter to USD 880.8 billion mainly due to the increase in direct and portfolio investments in India by USD 12.6 billion and USD 16.9 billion, respectively.
Among other investment liabilities, currency & deposits increased by USD 5.1 billion.
"The ratio of India's international financial assets to international financial liabilities stood at 58.8 per cent in March 2015 (58.1 per cent in December 2014)," the Central Bank said.
Also, the share of non-debt liabilities increased marginally to 45.6 per cent as at end- March 2015 from 45.3 percent at end- December 2014, it added.
