Net claims of non-residents on India increased by US$16.5 billion to US$220.3 billion by end-June 2026, driven by a rise in external liabilities and a dip in foreign-owned assets abroad.
India’s International Investment Position as of June 2026
India’s net claims by non-residents rose by US$16.5 billion to reach US$220.3 billion as of end-June 2026, according to data released by the Reserve Bank. This increase stemmed primarily from a US$11.6 billion rise in external liabilities and a US$4.9 billion decline in foreign-owned assets held by Indian residents.
The International Investment Position (IIP) data, compiled under the IMF’s BPM6 framework, reflects India’s stock position in cross-border financial assets and liabilities. The widening net liability position indicates growing foreign investment into India, including FDI and portfolio flows, offset by slower outward investment.
For legal professionals engaged in cross-border transactions, this data informs risk assessments related to capital controls, exchange rate exposure, and repatriation policies. The trends suggest continued reliance on foreign capital inflows, necessitating careful structuring of foreign investment deals.
