MUMBAI: Net claims of non-residents on India increased by $21.1 billion during the December quarter due to an increase in foreign-owned assets combined with a decline in Indian residents' overseas financial assets, according to the RBI data.
Higher inward direct investment, trade credit and loans contributed to the increase in non-residents' claims on India even as foreign portfolio investment in India reduced during the quarter, said India's International Investment Position (IIP), December 2021.
