Archive · 30 Sep 2026
India's Net External Liabilities Rise $16.5 Billion in Quarter
India owed more to people and organizations outside the country during the April-June quarter.
The amount of net claims by non-residents increased by USD 16.5 billion.
It reached USD 220.3 billion by June 2026.
This happened because India's foreign liabilities grew while some foreign-owned assets declined.
Direct investment liabilities increased by USD 15.7 billion.
Other investment liabilities rose by USD 4.2 billion.
Portfolio equity investments fell by USD 14 billion.
Debt made up 56.9% of India's total external liabilities at the end of June.
India's net claims of non-residents rose by USD 16.5 billion in the April-June quarter to USD 220.3 billion.
The increase was mainly driven by higher external liabilities and a decline in foreign-owned assets.
India's international assets-to-liabilities ratio fell to 84.6% in June 2026 from 85.7% a quarter earlier.
Foreign liabilities rose due to increased direct investment of USD 15.7 billion and other investment of USD 4.2 billion.
Debt liabilities accounted for 56.9% of total external liabilities at the end of June 2026.
- Who
- India and non-residents holding claims on India.
- What
- India's net external liabilities increased by USD 16.5 billion to USD 220.3 billion.
- When
- During the April-June quarter, with figures reported for June 2026.
- Where
- India; the data were reported in the Reserve Bank of India's international investment position figures.
- Why
- The increase mainly resulted from higher external liabilities and a decline in foreign-owned assets.
- Net external liabilities
- USD 220.3 billion
- Quarterly increase
- USD 16.5 billion
- International assets-to-liabilities ratio
- 84.6% in June 2026, down from 85.7% a quarter earlier
- Direct investment increase
- USD 15.7 billion
- Other investment increase
- USD 4.2 billion
- Portfolio equity investment change
- Declined by USD 14 billion
- Debt share of external liabilities
- 56.9% at the end of June 2026