The Reserve Bank of India (RBI) has shared details on India’s International Investment Position (IIP) at the end of December 2022. According to the data, non-residents’ net claims in India dropped by US$ 12.0 billion between October and December 2022, settling at US$ 374.5 billion by the end of December 2022.
The increase in India’s foreign liabilities was mainly driven by trade credits and loans. Additionally, reserve assets made up 64.3% of India’s international financial assets as of December 2022.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Furthermore, the data released by the RBI shows that India’s international assets accounted for 70.0% of its international liabilities by the end of December 2022, compared to 72.5% in the previous year.
Meanwhile, the proportion of debt liabilities in total external liabilities slightly increased to 50.2% at the end of December 2022 from 49.8% in the previous quarter and 48.4% in the same period the previous year.
Bondi Beach is one of Australia’s most recognisable and loved coastal destinations. Located just minutes…
As one of the all-time great WWE superstars, John Cena officially retired from in-ring competition…
The Indian Space Research Organisation (ISRO) has revealed plans for no less than seven space…
The Chakrashila Wildlife Sanctuary in Assam has recently come into focus due to successful community-led…
India’s presence in global motorsport technology received a major boost as MRF Tyres clinched the…
India's push towards meeting its increasing energy demands while ensuring long-term sustainability received a boost…