The net claims of overseas investors, including Non-Resident Indians, on India, including debt and equity, rose by $15.50 billion to $62.45 billion at the end of June 2007 from $46.95 billion in March 2007 due to large capital inflow comprising external commercial loans.
Among the external financial assets, reserve assets had registered an increase of $14.17 billion at end-June 2007 over the end-March 2007, followed by the direct investment abroad, which witnessed an increase of $5.42 billion during the same period.
The total reserve assets exceeded the entire external debt ($165.39 billion) by US $47.96 billion as at June 2007, according to India's International Investment Position released by Reserve Bank of India.
On the external financial liabilities front, the portfolio investment and direct investment in India increased by $14.32 billion and US $10.69 billion respectively, at end-June 2007 over end-March 2007.
Further, 'Other investment' in India increased to $145.74 billion as at end-June 2007 from a level of US $139.12 billion as at end-March 2007.
The major part of country's external financial assets was in the form of reserve assets constituting 82.1 per cent followed by Direct investment and Other investment accounting for 11.3 per cent and 6.2 per cent, respectively.
Going by the figures released by RBI, about 45.2 per cent of country's external financial liabilities were in the form of trade credits, loans, currency & deposits and other liabilities, followed by Portfolio investment at 29.0 per cent and Direct investment at 25.8 per cent.
Further, 'loan' and 'currency & deposits' were having 26.7 per cent and 13.6 per cent share respectively. The trade credit accounted for 4.6 per cent as at end-June 2007.
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