%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(44).png "RBI Data: Net Claims of Non-Residents on India Increases by USD 11 billion in Q3FY25")
Here's a breakdown:
a) USD 353.5 billion
b) USD 364.5 billion
c) USD 375.2 billion
d) USD 389.3 billion
- Net Claims by Non-Residents: This refers to the overall financial obligations India has to foreign entities. It increased by USD 11 billion, reaching a total of USD 364.5 billion.
- Foreign Assets of Indian Residents: These are the assets held abroad by Indians, which declined by USD 40.1 billion. A significant part of this was due to a USD 70.1 billion decrease in reserve assets (like foreign currency reserves).
- However, reserve assets did improve compared to the previous year, increasing by USD 13.2 billion.
- Non-Resident Claims in India: These represent investments or financial claims foreigners hold in India. This also declined, by USD 29.1 billion, offsetting part of the increase in net claims.
Question:
Q.1 As per the RBI's International Investment Position (IIP) data for December 2024, what was the total net claims by non-residents on India?a) USD 353.5 billion
b) USD 364.5 billion
c) USD 375.2 billion
d) USD 389.3 billion
Answer: b) Net claims by non-residents indicate the total financial obligations India has towards foreign entities. According to the RBI's IIP data, this figure increased by USD 11 billion, reaching USD 364.5 billion.
