IIP....International Investment Position Indias Forex Assets - TopicsExpress

IIP....International Investment Position Indias Forex Assets increase by $22Bn but Liabilities by $40Bn The foreign-owned assets in India(ie Liabity for India) increased by US$ 39.9 billion over the previous quarter to US$ 776.1 billion mainly due to increase of US$ 23.6 billion in currency and deposits component of ‘other investment’. Direct investment in India and portfolio investment in India also increased by US$ 8.6 billion and US$ 5.6 billion, respectively. In portfolio investment, while equity investment increased by US$ 8.0 billion, debt investment decreased by US$ 2.4 billion. Among other investment liabilities, trade credits declined by US$ 1.2 billion and loans increased by US $ 3.2 billion.

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