Net claims of non-residents on India increased by $26.3 billion as of end-December 2017 compared to the previous quarter, Reserve Bank data on India’s international investment position (IIP) released today showed.
Foreign-owned assets in India surged by $38.6 billion from $998.7 billion to $1,037.3 billion during the quarter, with broad-based contribution from foreign direct investment (FDI), portfolio investment, currency and deposits as well as trade credit. Outstanding commercial loans, however, declined marginally during the quarter.