Current Affair 1:

News:

Reserve Bank released data relating to India’s International Investment Position for end-June 2024.

The IIP of the country represents the stocks of External Financial Liabilities and Assets as at the end of the reference period. It represents the value and composition of the economy's claims on the rest of the world and value of that economy's financial liabilities to the rest of the world as at the end of the reference period.

The difference between the two sides (i.e. External financial assets and liabilities) of the economy gives the net international investment position of the economy. The IIP of India is compiled in conformity with the guidelines given in the BPM6 of the IMF.

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