RBI data put net claims of non-residents on India at US$ 220.3 billion
1 October 2026
The Reserve Bank of India released data on India's International Investment Position (IIP) for end-June 2026 in a press release dated 30 September 2026. Net claims of non-residents on India increased by US$ 16.5 billion during Q1:2026-27 to US$ 220.3 billion as at end-June 2026. The RBI attributed this mainly to an increase in external liabilities by US$ 11.6 billion and a decline of US$ 4.9 billion in the foreign-owned assets. The ratio of India's international assets to international liabilities moderated to 84.6 per cent in June 2026 from 85.7 per cent a quarter ago. The rise in foreign liabilities of Indian residents was mainly on account of increased direct investment of US$ 15.7 billion and other investment of US$ 4.2 billion, compensating for a decline of US$ 14 billion in portfolio equity investments. Reserve assets accounted for 55.1 per cent of India's international financial assets, while overseas direct investment accounted for over one fourth share. The share of debt liabilities in total external liabilities stood at 56.9 per cent as on end-June 2026. India's total international assets stood at US$ 1,212.5 billion in June 2026.
In plain words
IIP International Investment Position — A statement of the stock of a country's external financial assets and liabilities at a point in time.
Reserve assets External assets held by the central bank — They include foreign currency assets, gold and the reserve position in the IMF.