Mumbai, March 30 The net claims of non-residents on India stood at USD 260.5 billion as of end-December 2025, down USD 10.9 billion from the previous quarter, driven by a relatively higher increase in Indian residents' overseas financial assets compared to the increase in foreign-owned assets in India.
According to data released by the RBI on Monday, the ratio of India's international assets to international liabilities continued to improve to 82.1 per cent as of end-December 2025 from 81.4 per cent in the previous quarter and 74.6 per cent a year ago.
The Reserve Bank of India (RBI) released data related to India's International Investment Position as of end-December 2025.
"Net claims of non-residents on India declined by USD 10.9 billion from end-September 2025 and stood at USD 260.5 billion as of end-December 2025, driven by a relatively higher increase in Indian residents' overseas financial assets (USD 12.8 billion) compared to the increase in foreign-owned assets in India (USD 1.9 billion)," it said.
It further stated that Indian residents' overseas financial assets increased during the quarter, primarily due to an increase in outward direct investments (USD 7.6 billion) and currency and deposits (USD 9.4 billion).
Reserve assets, which accounted for 57.4 per cent of the total overseas financial assets of Indian residents, declined by USD 12.4 billion from the previous quarter and stood at USD 687.7 billion as of end-December 2025.
However, on an annual basis, it rose by 8.2 per cent, the central bank said.
On the liability side, the RBI said that the decline in inward direct investment (USD 3.2 billion) and portfolio investment (USD 2.8 billion) was offset by an increase in trade credit (USD 11.4 billion) under other investment, resulting in a marginal sequential increase (0.1 per cent) in foreign-owned assets in India as of end-December 2025.
With the decline in equity investment along with the rise in debt investment, the share of debt liabilities in total external liabilities increased to 55.3 per cent as of end-December 2025 from 54.8 per cent a quarter ago, it added.