Financial Daily from THE HINDU group of publications
Friday, Sep 30, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 30, 2005 |
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Money & Banking
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RBI & Other Central Banks Industry & Economy - Overseas Investments Direct overseas investments up Our Bureau
Mumbai , Sept. 29 INDIA'S direct investments overseas have increased by $2.49 billion to $9.57 billion as on March 2005 from $7.08 billion in the previous fiscal. According to the figures released by the Reserve Bank of India on Thursday, the country's direct international investments have more than doubled in the last three years. The portfolio investments from India also increased from $65 million in 2002 to $81 million in 2005. Trade credits have increased from $1.9 billion in 2004 to $ 3.94 billion in 2005. Total reserve assets increased from $137.12 billion to $169.26 billion. The country's total liabilities also increased from $184.13 billion in 2004 to $210.13 billion in 2005. The net international investment position of India increased by around $6 billion assets at the end of 2004-05. However, loan liabilities of the country also increased by around $4 billion.
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