Mumbai: Foreign-owned assets in India declined by $11.4 billion to $886.1 billion in the July-September quarter of this fiscal as compared to the second quarter of 2014-15, according to RBI data.For latest news on Business & Budget 2017, like us on Facebook and follow us on Twitter.
This is mainly due to decline in portfolio investments and loans by $13.6 billion and $1.7 billion, respectively.
Net claims of non-residents on India slipped by $5.6 billion over the previous quarter to $357.8 billion for the quarter ended September, according to Reserve Bank data on International Investment Position (IIP).
The ratio of India's international financial assets to international financial liabilities stood at 59.6 per cent in September 2015 as against 58.5 per cent in June 2015.
On the assets front, the Indian residents' financial assets abroad stood at $528.3 billion, down $5.8 billion from previous quarter as reserve assets and trade credit declined by $5.7 billion and $1.0 billion, respectively.
The difference in assets and liabilities, reflected by the net IIP, is disseminated with one quarter lag.
The IIP is an important input for understanding external sustainability and vulnerability, and is also useful in analysing the economic structure.