India's overseas assets increased more than its foreign liabilities in FY24: RBI Data

New Delhi [India], June 25 (ANI): India's financial position with the rest of the world improved over the year. The country increased its overseas assets more than it increased its foreign liabilities, largely due to a rise in reserve assets, according to a data by Reserve Bank of India.

During the financial year 2023-24, the net claims of non-residents on India decreased by USD 5.5 billion. This happened because India's