India's International Investment Position (IIP) - December 2025
Summary
The Reserve Bank of India released India's International Investment Position data for end-December 2025. Net claims of non-residents on India declined by $10.9 billion from end-September 2025, standing at $260.5 billion. The decline was driven by a $12.8 billion increase in Indian residents' overseas financial assets, exceeding the $1.9 billion rise in foreign-owned assets in India.
What changed
The Reserve Bank of India published quarterly International Investment Position (IIP) statistics for end-December 2025, showing India's net claims position at US$260.5 billion, down from US$271.4 billion in September 2025. The $10.9 billion decrease reflects a $12.8 billion expansion in overseas financial assets held by Indian residents, outpacing the $1.9 billion increase in foreign-owned assets within India.
This is a routine statistical release with no regulatory implications or compliance requirements. No action is required from regulated entities. The data serves as a macroeconomic indicator for investors, financial analysts, and policymakers tracking India's external financial position.
Source document (simplified)
Press Releases
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| Date : Mar 30, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| India’s International Investment Position (IIP), December 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2025 [1 ].
Key Features of India’s IIP in end-December 2025:
- Net claims of non-residents on India declined by US$ 10.9 billion from end-September 2025 and stood at US$ 260.5 billion as at end-December 2025, driven by relatively higher rise in Indian residents’ overseas financial assets (US$ 12.8 billion) as compared to increase in the foreign-owned assets in India (US$ 1.9 billion) ([Table 1](https://www.rbi.org.in/Scripts/about:blank#T1)).
- Accordingly, the ratio of India’s international assets to international liabilities continued to improve to 82.1 per cent as at end-December 2025 from 81.4 per cent in the previous quarter and 74.6 per cent a year ago ([Chart 1](https://www.rbi.org.in/Scripts/about:blank#C1) & [Table 1](https://www.rbi.org.in/Scripts/about:blank#T1)).
- Indian residents’ overseas financial assets increased during the quarter, primarily led by rise in outward direct investments (US$ 7.6 billion) and currency and deposits (US$ 9.4 billion).
- Reserve assets, accounting for 57.4 per cent share in the total overseas financial assets of Indian residents, declined by US$ 12.4 billion from the previous quarter and stood at US$ 687.7 billion as at end-December 2025. However, on annual basis, it rose by 8.2 per cent ([Table 2](https://www.rbi.org.in/Scripts/about:blank#T2)).
- On liability side, decline in inward direct investment (US$ 3.2 billion) and portfolio investment (US$ 2.8 billion) was offset by increase in trade credit (US$ 11.4 billion) under other investment, resulted in marginal sequential increase (0.1 per cent) in foreign-owned assets in India as on 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 at end-December 2025 from 54.8 per cent a quarter ago ([Table 3](https://www.rbi.org.in/Scripts/about:blank#T3)).
(Brij Raj)
Chief General Manager
Press Release: 2025-2026/2353
\| Table 1: Overall International Investment Position of India \| \| \| \| \| \|
\| (US$ billion) \| \| \| \| \| \|
\| Period \| Position as at end of \| \| \| \| \|
\| Dec-24 (PR) \| Mar-25 (PR) \| Jun-25 (PR) \| Sep-25 (PR) \| Dec-25 (P) \| \|
\| Net IIP (A-B) \| -363.9 \| -329.1 \| -312.6 \| -271.4 \| -260.5 \|
\| A. Assets \| 1070.8 \| 1134.0 \| 1177.1 \| 1185.2 \| 1198.0 \|
\| 1. Direct Investment \| 260.8 \| 270.5 \| 279.5 \| 288.9 \| 296.5 \|
\| 1.1 Equity and investment fund shares \| 166.5 \| 173.6 \| 179.7 \| 187.2 \| 193.1 \|
\| 1.2 Debt instruments \| 94.3 \| 96.9 \| 99.8 \| 101.7 \| 103.4 \|
\| 2. Portfolio Investment \| 12.0 \| 15.4 \| 16.3 \| 16.6 \| 16.5 \|
\| 2.1 Equity and investment fund shares \| 9.2 \| 10.3 \| 13.1 \| 12.5 \| 10.1 \|
\| 2.2 Debt securities \| 2.8 \| 5.1 \| 3.2 \| 4.1 \| 6.4 \|
\| 3. Other Investment \| 162.3 \| 179.8 \| 183.2 \| 179.6 \| 197.3 \|
\| 3.1 Trade Credits \| 33.3 \| 33.7 \| 33.7 \| 31.9 \| 34.5 \|
\| 3.2 Loans \| 23.4 \| 27.1 \| 25.6 \| 25.8 \| 26.8 \|
\| 3.3 Currency and Deposits \| 69.6 \| 80.4 \| 83.6 \| 80.8 \| 90.2 \|
\| 3.4 Other Assets \| 36.0 \| 38.6 \| 40.3 \| 41.1 \| 45.8 \|
\| 4. Reserve Assets \| 635.7 \| 668.3 \| 698.1 \| 700.1 \| 687.7 \|
\| B. Liabilities \| 1434.7 \| 1463.1 \| 1489.7 \| 1456.6 \| 1458.5 \|
\| 1. Direct Investment \| 547.2 \| 557.0 \| 571.2 \| 562.2 \| 559.0 \|
\| 1.1 Equity and investment fund shares \| 513.0 \| 522.0 \| 535.4 \| 525.8 \| 522.2 \|
\| 1.2 Debt instruments \| 34.2 \| 35.0 \| 35.8 \| 36.4 \| 36.8 \|
\| 2. Portfolio Investment \| 276.5 \| 272.0 \| 272.5 \| 258.7 \| 255.9 \|
\| 2.1 Equity and investment fund shares \| 155.6 \| 141.9 \| 147.4 \| 133.0 \| 130.1 \|
\| 2.2 Debt securities \| 120.9 \| 130.1 \| 125.1 \| 125.7 \| 125.8 \|
\| 3. Other Investment \| 611.0 \| 634.1 \| 646.0 \| 635.7 \| 643.6 \|
\| 3.1 Trade Credits \| 135.6 \| 131.2 \| 131.1 \| 135.0 \| 146.4 \|
\| 3.2 Loans \| 240.6 \| 250.5 \| 260.3 \| 258.5 \| 259.9 \|
\| 3.3 Currency and Deposits \| 165.7 \| 167.6 \| 171.7 \| 168.9 \| 173.9 \|
\| 3.4 Other Liabilities \| 47.5 \| 62.8 \| 60.2 \| 50.6 \| 40.7 \|
\| 3.5 Special drawing rights (Net incurrence of liabilities) \| 21.6 \| 22.0 \| 22.7 \| 22.7 \| 22.7 \|
\| Memo Item: Assets to Liability ratio (%) \| 74.6 \| 77.5 \| 79.0 \| 81.4 \| 82.1 \|
\| Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. \| \| \| \| \| \|
\| Table 2: Composition of International Financial Assets and Liabilities of India \| \| \| \| \| \|
\| (per cent) \| \| \| \| \| \|
\| Period \| Position as at end of \| \| \| \| \|
\| Dec-24 (PR) \| Mar-25 (PR) \| Jun-25 (PR \| Sep-25 (PR) \| Dec-25 (P) \| \|
\| A. Assets \| \| \| \| \| \|
\| 1. Direct Investment \| 24.4 \| 23.8 \| 23.7 \| 24.4 \| 24.7 \|
\| 2. Portfolio Investment \| 1.1 \| 1.4 \| 1.4 \| 1.4 \| 1.4 \|
\| 3. Other Investment \| 15.1 \| 15.9 \| 15.6 \| 15.1 \| 16.5 \|
\| 4. Reserve Assets \| 59.4 \| 58.9 \| 59.3 \| 59.1 \| 57.4 \|
\| Total \| 100.0 \| 100.0 \| 100.0 \| 100.0 \| 100.0 \|
\| B. Liabilities \| \| \| \| \| \|
\| 1. Direct Investment \| 38.1 \| 38.1 \| 38.3 \| 38.6 \| 38.3 \|
\| 2. Portfolio Investment \| 19.3 \| 18.6 \| 18.3 \| 17.8 \| 17.6 \|
\| 3. Other Investment \| 42.6 \| 43.3 \| 43.4 \| 43.6 \| 44.1 \|
\| Total \| 100.0 \| 100.0 \| 100.0 \| 100.0 \| 100.0 \|
\| Table 3: Share of External Debt and Non-Debt Liabilities of India \| \| \| \| \| \|
\| (per cent) \| \| \| \| \| \|
\| Period \| Position as at end of \| \| \| \| \|
\| Dec-24 (PR) \| Mar-25 (PR) \| Jun-25 (PR) \| Sep-25 (PR) \| Dep-25 (P) \| \|
\| Non-Debt Liabilities \| 46.6 \| 45.4 \| 45.8 \| 45.2 \| 44.7 \|
\| Debt Liabilities \| 53.4 \| 54.6 \| 54.2 \| 54.8 \| 55.3 \|
\| Total \| 100.0 \| 100.0 \| 100.0 \| 100.0 \| 100.0 \|
[1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-September 2025 was released in the RBI website on December 31, 2025. | Table 1: Overall International Investment Position of India | | | | | | (US$ billion) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 | A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 | 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 | 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 | 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 | 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 | 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 | 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 | 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 | 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 | 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 | 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 | 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 | 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 | B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 | 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 | 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 | 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 | 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 | 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 | 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 | 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 | 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 | 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 | 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 | 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 | 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 | Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 | Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | | Table 2: Composition of International Financial Assets and Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | A. Assets | | | | | | 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 | 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 | 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 | 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | B. Liabilities | | | | | | 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 | 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 | 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 | Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Table 1: Overall International Investment Position of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (US$ billion) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Table 2: Composition of International Financial Assets and Liabilities of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (per cent) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| A. Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| B. Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (per cent) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2025 [1 ].
Key Features of India’s IIP in end-December 2025:
- Net claims of non-residents on India declined by US$ 10.9 billion from end-September 2025 and stood at US$ 260.5 billion as at end-December 2025, driven by relatively higher rise in Indian residents’ overseas financial assets (US$ 12.8 billion) as compared to increase in the foreign-owned assets in India (US$ 1.9 billion) (Table 1).
- Accordingly, the ratio of India’s international assets to international liabilities continued to improve to 82.1 per cent as at end-December 2025 from 81.4 per cent in the previous quarter and 74.6 per cent a year ago (Chart 1 & Table 1).
- Indian residents’ overseas financial assets increased during the quarter, primarily led by rise in outward direct investments (US$ 7.6 billion) and currency and deposits (US$ 9.4 billion).
- Reserve assets, accounting for 57.4 per cent share in the total overseas financial assets of Indian residents, declined by US$ 12.4 billion from the previous quarter and stood at US$ 687.7 billion as at end-December 2025. However, on annual basis, it rose by 8.2 per cent (Table 2).
- On liability side, decline in inward direct investment (US$ 3.2 billion) and portfolio investment (US$ 2.8 billion) was offset by increase in trade credit (US$ 11.4 billion) under other investment, resulted in marginal sequential increase (0.1 per cent) in foreign-owned assets in India as on 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 at end-December 2025 from 54.8 per cent a quarter ago (Table 3). (Brij Raj) Chief General Manager
Press Release: 2025-2026/2353
| Table 1: Overall International Investment Position of India | | | | | |
| (US$ billion) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | |
| Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 |
| A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 |
| 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 |
| 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 |
| 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 |
| 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 |
| 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 |
| 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 |
| 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 |
| 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 |
| 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 |
| 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 |
| 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 |
| 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 |
| B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 |
| 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 |
| 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 |
| 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 |
| 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 |
| 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 |
| 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 |
| 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 |
| 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 |
| 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 |
| 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 |
| 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 |
| 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 |
| Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 |
| Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | |
| Table 2: Composition of International Financial Assets and Liabilities of India | | | | | |
| (per cent) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | |
| A. Assets | | | | | |
| 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 |
| 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 |
| 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 |
| 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| B. Liabilities | | | | | |
| 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 |
| 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 |
| 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | |
| (per cent) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | |
| Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 |
| Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
[1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-September 2025 was released in the RBI website on December 31, 2025. | Table 1: Overall International Investment Position of India | | | | | | (US$ billion) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 | A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 | 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 | 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 | 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 | 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 | 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 | 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 | 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 | 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 | 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 | 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 | 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 | 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 | B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 | 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 | 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 | 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 | 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 | 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 | 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 | 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 | 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 | 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 | 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 | 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 | 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 | Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 | Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | | Table 2: Composition of International Financial Assets and Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | A. Assets | | | | | | 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 | 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 | 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 | 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | B. Liabilities | | | | | | 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 | 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 | 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 | Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2025 [1 ].
Key Features of India’s IIP in end-December 2025:
- Net claims of non-residents on India declined by US$ 10.9 billion from end-September 2025 and stood at US$ 260.5 billion as at end-December 2025, driven by relatively higher rise in Indian residents’ overseas financial assets (US$ 12.8 billion) as compared to increase in the foreign-owned assets in India (US$ 1.9 billion) (Table 1).
- Accordingly, the ratio of India’s international assets to international liabilities continued to improve to 82.1 per cent as at end-December 2025 from 81.4 per cent in the previous quarter and 74.6 per cent a year ago (Chart 1 & Table 1).
- Indian residents’ overseas financial assets increased during the quarter, primarily led by rise in outward direct investments (US$ 7.6 billion) and currency and deposits (US$ 9.4 billion).
- Reserve assets, accounting for 57.4 per cent share in the total overseas financial assets of Indian residents, declined by US$ 12.4 billion from the previous quarter and stood at US$ 687.7 billion as at end-December 2025. However, on annual basis, it rose by 8.2 per cent (Table 2).
- On liability side, decline in inward direct investment (US$ 3.2 billion) and portfolio investment (US$ 2.8 billion) was offset by increase in trade credit (US$ 11.4 billion) under other investment, resulted in marginal sequential increase (0.1 per cent) in foreign-owned assets in India as on 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 at end-December 2025 from 54.8 per cent a quarter ago (Table 3). (Brij Raj) Chief General Manager
Press Release: 2025-2026/2353
| Table 1: Overall International Investment Position of India | | | | | |
| (US$ billion) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | |
| Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 |
| A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 |
| 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 |
| 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 |
| 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 |
| 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 |
| 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 |
| 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 |
| 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 |
| 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 |
| 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 |
| 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 |
| 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 |
| 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 |
| B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 |
| 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 |
| 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 |
| 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 |
| 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 |
| 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 |
| 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 |
| 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 |
| 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 |
| 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 |
| 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 |
| 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 |
| 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 |
| Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 |
| Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | |
| Table 2: Composition of International Financial Assets and Liabilities of India | | | | | |
| (per cent) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | |
| A. Assets | | | | | |
| 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 |
| 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 |
| 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 |
| 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| B. Liabilities | | | | | |
| 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 |
| 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 |
| 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | |
| (per cent) | | | | | |
| Period | Position as at end of | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | |
| Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 |
| Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
[1] India’s quarterly IIP is disseminated with a lag of one quarter and the previous quarterly IIP for end-September 2025 was released in the RBI website on December 31, 2025. | Table 1: Overall International Investment Position of India | | | | | | (US$ billion) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 | A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 | 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 | 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 | 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 | 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 | 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 | 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 | 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 | 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 | 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 | 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 | 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 | 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 | B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 | 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 | 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 | 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 | 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 | 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 | 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 | 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 | 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 | 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 | 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 | 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 | 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 | Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 | Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | | Table 2: Composition of International Financial Assets and Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | A. Assets | | | | | | 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 | 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 | 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 | 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | B. Liabilities | | | | | | 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 | 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 | 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | | (per cent) | | | | | | Period | Position as at end of | | | | | Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 | Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 | Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
| Table 1: Overall International Investment Position of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (US$ billion) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dec-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net IIP (A-B) | -363.9 | -329.1 | -312.6 | -271.4 | -260.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| A. Assets | 1070.8 | 1134.0 | 1177.1 | 1185.2 | 1198.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 260.8 | 270.5 | 279.5 | 288.9 | 296.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.1 Equity and investment fund shares | 166.5 | 173.6 | 179.7 | 187.2 | 193.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.2 Debt instruments | 94.3 | 96.9 | 99.8 | 101.7 | 103.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 12.0 | 15.4 | 16.3 | 16.6 | 16.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.1 Equity and investment fund shares | 9.2 | 10.3 | 13.1 | 12.5 | 10.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.2 Debt securities | 2.8 | 5.1 | 3.2 | 4.1 | 6.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 162.3 | 179.8 | 183.2 | 179.6 | 197.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.1 Trade Credits | 33.3 | 33.7 | 33.7 | 31.9 | 34.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.2 Loans | 23.4 | 27.1 | 25.6 | 25.8 | 26.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.3 Currency and Deposits | 69.6 | 80.4 | 83.6 | 80.8 | 90.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.4 Other Assets | 36.0 | 38.6 | 40.3 | 41.1 | 45.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. Reserve Assets | 635.7 | 668.3 | 698.1 | 700.1 | 687.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| B. Liabilities | 1434.7 | 1463.1 | 1489.7 | 1456.6 | 1458.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 547.2 | 557.0 | 571.2 | 562.2 | 559.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.1 Equity and investment fund shares | 513.0 | 522.0 | 535.4 | 525.8 | 522.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1.2 Debt instruments | 34.2 | 35.0 | 35.8 | 36.4 | 36.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 276.5 | 272.0 | 272.5 | 258.7 | 255.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.1 Equity and investment fund shares | 155.6 | 141.9 | 147.4 | 133.0 | 130.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2.2 Debt securities | 120.9 | 130.1 | 125.1 | 125.7 | 125.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 611.0 | 634.1 | 646.0 | 635.7 | 643.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.1 Trade Credits | 135.6 | 131.2 | 131.1 | 135.0 | 146.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.2 Loans | 240.6 | 250.5 | 260.3 | 258.5 | 259.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.3 Currency and Deposits | 165.7 | 167.6 | 171.7 | 168.9 | 173.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.4 Other Liabilities | 47.5 | 62.8 | 60.2 | 50.6 | 40.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3.5 Special drawing rights (Net incurrence of liabilities) | 21.6 | 22.0 | 22.7 | 22.7 | 22.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Memo Item: Assets to Liability ratio (%) | 74.6 | 77.5 | 79.0 | 81.4 | 82.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Notes (applicable for all tables):
1. P: Provisional; PR: Partially Revised.
2. The sum of the constituent items may not add to the total due to rounding off. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Table 2: Composition of International Financial Assets and Liabilities of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (per cent) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR | Sep-25 (PR) | Dec-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| A. Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 24.4 | 23.8 | 23.7 | 24.4 | 24.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 1.1 | 1.4 | 1.4 | 1.4 | 1.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 15.1 | 15.9 | 15.6 | 15.1 | 16.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. Reserve Assets | 59.4 | 58.9 | 59.3 | 59.1 | 57.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| B. Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. Direct Investment | 38.1 | 38.1 | 38.3 | 38.6 | 38.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. Portfolio Investment | 19.3 | 18.6 | 18.3 | 17.8 | 17.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. Other Investment | 42.6 | 43.3 | 43.4 | 43.6 | 44.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Table 3: Share of External Debt and Non-Debt Liabilities of India | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (per cent) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Period | Position as at end of | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Dec-24 (PR) | Mar-25 (PR) | Jun-25 (PR) | Sep-25 (PR) | Dep-25 (P) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Non-Debt Liabilities | 46.6 | 45.4 | 45.8 | 45.2 | 44.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Debt Liabilities | 53.4 | 54.6 | 54.2 | 54.8 | 55.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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