RBI releases Data on India’s International Investment Position for the End of December 2022
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 April, 2023
Press Release no. 2022-2023/1948; dated: 31.03.2023
The RBI has released data on India’s International Investment Position (IIP) for the end of December 2022. As per data released, net claims of non-residents in India declined by US$ 12.0 billion during October-December 2022 and stood at US$ 374.5 billion at end of December 2022. Further, trade credits & loans were primary contributors to rise in India’s foreign liabilities. Reserve assets accounted for 64.3% of India’s international financial assets as at end-December 2022.
Also, India’s international assets covered 70.0% of its international liabilities as compared with 72.5% a year earlier. The share of debt liabilities in total external liabilities increased to 50.2% as at end-December 2022 from 49.8% a quarter ago and 48.4% a year ago.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied