India cuts net international liability by $10.9 billion, RBI says
NewsBytes | March 31, 2026 1:39 AM CST
India's trade credit jumps $11.4 billion
Indian residents are investing more globally, with direct investments up by $7.6 billion and overseas deposits rising too, even though reserve assets dipped a bit last quarter (they're still up 8.2% year-on-year).
On the flip side, foreign direct and portfolio investments in India dropped, but there was an $11.4 billion jump in trade credit, nudging debt's share of total external liabilities up to 55.3%.
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