FDI up by $19 bn in FY20; portfolio investment down by $13.7 bn: RBI

"Overall, net claims of non-residents on India declined by $57.6 billion during the year," RBI said

Direct investment into the country rose 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," it said.

It said that despite a fall of