Direct investment into the country rise by $19 billion while portfolio investment declined by $13.7 billion during 2019-20, according to the data on the International Investment Position (IIP) released by the Reserve Bank on Tuesday.

International financial assets of Indian residents increased by $73.9 billion due to the rise in reserve assets and overseas direct investment by $64.9 billion and $13.0 billion, respectively, though other investments declined marginally during the year, the RBI said in a release.

Overall, net claims of non-residents on India declined by $57.6 billion during the year.
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RBI said that despite a fall of $13.7 billion in portfolio investment during the year, international financial liabilities increased by $16.3 billion as direct investment and other investments rose by $19.0 billion and US 11.0 billion, respectively.

The RBI further said that the ratio of overseas financial assets to India's GDP in 2019-20 (at current market prices) moved up to 26.5 per cent in March 2020 (23.4 per cent a year ago), while the ratio of total claims of non-residents to GDP increased to 40.5 per cent in March 2020 (39.3 per cent a year ago).