India's net liabilities up $21 billion at $117.1 billion as of end-2009
01 Apr 2010
India's international investment position as reflected in the net claim of non-residents on the country, ie the difference between the country's international assets and international liabilities, increased by $21.2 billion to $117.1 billion as of end-December 2009, from $96.0 billion at end-September 2009, due mainly to increases in net inflows of both direct investment and portfolio investment into India.
Total external financial assets of the country increased by $7.0 billion to $385.9 billion as of end-December 2009 over the previous quarter.
Among the components of external financial assets, direct investment abroad was up $3.2 billion from end-September 2009 at $77.3 billion as of end-December 2009. Trade credits, a component of other investment, increased by $2.5 billion to $5.7 billion during the same period.
Reserve assets, ie, official reserves (foreign currency assets, IMF reserve position, SDRs, gold) increased by $2.2 billion over the previous quarter and stood at $283.5 billion at end-December 2009.
Reserve assets exceeded the total external debt ($251.384 billion*) by $32.1 billion as of end-December 2009.
Debt vs non-debt liabilities
