Net claims of non-residents on India increased by $16.5 billion during the April-June quarter to $220.3 billion, mainly due to higher external liabilities and a decline in foreign-owned assets.
Mumbai, Sep 30 — Net claims of non-residents on India rose to $220.3 billion during the June quarter of FY27, increasing by $16.5 billion from the previous quarter, according to Reserve Bank of India data.
The increase was driven primarily by a rise in the external liabilities of Indian residents along with a decline in foreign-owned assets.
Accordingly, the ratio of India’s international assets to international liabilities moderated to 84.6% in June 2026 from 85.7% in the previous quarter.
The RBI said the increase in foreign liabilities was mainly due to a $15.7 billion rise in direct investment and a $4.2 billion increase in other investment. This was partly offset by a $14 billion decline in portfolio equity investments.
Reserve assets continued to form the largest portion of India’s international financial assets, accounting for 55.1% of the total. Overseas direct investment represented more than one-fourth of the country’s international financial assets.
The share of debt liabilities in India’s total external liabilities also increased gradually during recent quarters and stood at 56.9% at the end of June 2026.
The data forms part of India’s International Investment Position, which tracks the value and composition of the country’s external financial assets and liabilities at a particular point in time.
