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Non-Resident Claims on India Surge to $220.3 Billion in June: RBI Data Reveals
M
Moneycontrol•30-09-2026, 20:19
Non-Resident Claims on India Surge to $220.3 Billion in June: RBI Data Reveals
- •Net claims of non-residents on India increased by $16.5 billion in the April-June quarter, reaching $220.3 billion.
- •The rise is primarily attributed to an increase in external liabilities and a decline in foreign-owned assets.
- •India's international assets to international liabilities ratio moderated to 84.6% in June 2026 from 85.7% a quarter prior.
- •Increased direct investment ($15.7 billion) and other investment ($4.2 billion) contributed to the rise in foreign liabilities, offsetting a decline in portfolio equity investments ($14 billion).
- •Debt liabilities constituted 56.9% of total external liabilities as of end-June 2026, showing a gradual increase in recent quarters.
Key Questions Answered
Net claims of non-residents on India increased by $16.5 billion during the April-June quarter to reach $220.3 billion, driven mainly by an increase in external liabilities and a decline in foreign-owned assets.
India's international assets to international liabilities ratio moderated to 84.6 percent in June 2026, dropping from 85.7 percent recorded in the previous quarter.
The rise in foreign liabilities was mainly driven by an increase of $15.7 billion in direct investment and $4.2 billion in other investment, which compensated for a $14 billion decline in portfolio equity investments.
