A peek into India's external assets and liabilities
A peek into India's external assets and liabilities
BusinessToday.In
- Apr 10, 2021,
- Updated Apr 10, 2021 10:07 AM IST
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International assets of India increased by $49.2 billion from September 2020 to December 2020.
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Direct Investments from India increased to $191 billion as of December 2020 .
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Reserve assets accounted for over two-thirds of India's international financial assets. Reserve assets increased by 7.5% between September to December, 2020.
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Foreign direct investment (FDI) and portfolio equity investment dominated the rise in India's foreign liabilities. The share of non-debt liabilities in total external liabilities increased to 52.4% in December from 50.8% in September, 2020.
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The ratio of India's international financial assets to international financial liabilities improved to 71.4% in December 2020 from 62.1% a year ago.