India’s International Investment Position , March 2022
India’s International Investment Position , March 2022 . Key Features of India’s IIP in end-March 2022 : Quarterly Variations: · Net claims of non-residents on India increased by US$ 5.6 billion during Q4:2021-22 to US$ 359.8 billion in March 2022. · This rise in net claims was due to larger decline in the Indian residents’ overseas financial assets [US$ (-)7.3 billion] when compared to the decline in foreign-owned assets in India [US$ (-)1.7 billion] ( Table 1 ). · Foreign assets of Indian residents declined during Q4:20221-22, mainly due to a decrease of US$ 26.3 billion in reserve assets even as direct, portfolio and other investments, such as, trade credit and currency and deposits increased during the period. · ...