India's overseas investment has increased to $109.1 billion during July-September quarter, 2011. "Direct investment abroad moved up by $2.9 billion during the quarter to $109.1 billion as at end-September 2011," RBI said in its latest report of 'India's Quarterly International Investment Position'.
At the same time, international financial assets of the country stood at $434.7 billion as on September end following an decline of $4.1 billion over the previous quarter, it said.
International financial liabilities, on the other hand, also fell by $16.7 billion during July-September to $659.6 billion.
Reserve assets decreased by $4.2 billion to $311.5 billion at end of the second quarter of the current fiscal.
Meanwhile, highlighting the impact of volatile stock market condition and global slowdown, direct and portfolio investments in India [ Images ] during the July-September period of the current fiscal fell by $11.6 billion and $14.5 billion, respectively.
Among other investments, trade credit and loans (mainly ECBs) increased by $2.9 billion and $7.5 billion, respectively, during the second quarter.
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Source: http://www.rediff.com/business/report/indias-overseas-investment-rises/20111230.htm
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