India Cuts Net Foreign Claims to $209.9 Billion as Asset-Liability Ratio Rises to 85.2%
Updated
Updated · Awaz The Voice · Jun 30
India Cuts Net Foreign Claims to $209.9 Billion as Asset-Liability Ratio Rises to 85.2%
3 articles · Updated · Awaz The Voice · Jun 30
Summary
$52.4 billion of net non-resident claims on India disappeared in the January-March quarter, leaving the country's net international investment position at $209.9 billion by end-March 2026, RBI data showed.
A $40.1 billion drop in foreign-owned assets in India and a $12.3 billion rise in Indians' overseas financial assets drove the improvement, with rupee depreciation also lowering external liabilities in dollar terms.
85.2% was the ratio of India's international financial assets to liabilities at end-March, up from 82% in December and 77.5% a year earlier; net claims relative to GDP improved to negative 5.9% from negative 9.0%.
For FY2025-26, net foreign claims fell by $119.2 billion, helped by a $76.4 billion increase in overseas assets and a $42.8 billion reduction in liabilities, though debt's share of external liabilities still rose to 56.6%.