RBI reports $34.2B decline in non-resident claims due to higher Indian overseas assets vs. foreign liabilities, improving asset-to-liability ratio to 77.5%.

• Net claims fell to $330B as Indian residents' overseas assets rose $60B vs. $25.8B in foreign-owned assets.
• Reserve assets (58.7%) and loans/direct investments drove asset growth; debt liabilities hit 54.8% of total external liabilities.
• Net claims to GDP ratio improved to 8.7% in Mar 2025 from 10.1% a year ago, reflecting a stronger external balance.