Direct investment in country rose by USD 19 billion: RBI

The country’s apex bank Reserve Bank of India has informed that direct investment in the country has risen to 19 billion US dollars while on the contrary portfolio investment has seen a sharp decline during 2019-20. Portfolio investment has declined by 13.7 billion dollars during this period.

The IIP data released by the RBI states that due to a rise in reserve assets coupled with direct investment from overseas by 64.9 billion dollars and 13.0 billion dollars respectively the international financial assets of Indian residents have increased by 73.9 billion dollars. However, the other investments have declined in this period. Even the overall net claims of NRIs on India have declined by 57.6 billion dollars in the last one year.

The RBI said international financial liabilities have increased by 16.3 billion dollars during this period..