The International Investment Position (IIP) is the statement of the stock of external financial assets and liabilities of a country. The financial assets consist of the country's financial claims on non-residents and financial liabilities consist of the country's financial liabilities to non-residents. These transactions are classified according to institutional resident sectors, namely, monetary authority, government, banks, and other sectors including corporate sector. The net international investment position (the stock of external financial assets less the stock of external financial liabilities) shows the difference between what an economy owns in relation to what it owes.
As per the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF), data on IIP are to be disseminated on annual basis (quarterly encouraged) with a time lag of two quarters. In India, since the quarter end-June 2006 onwards, the IIP is being disseminated on quarterly basis with a lag of less than two quarters.
The quarterly IIP of India as at end-June 2008 has been summarized below:
The net IIP (Assets - Liabilities) of India as at end-June 2008 resulting in net claim of non-residents on India, declined by US$ 3.39 billion to US$ 49.12 billion from a level of US$ 52.51 billion as at end-March 2008. The total external financial assets declined by US$ 3.81 billion to US$ 377.63 billion as at end-June 2008 over the previous quarter mainly due to decrease in external loan extended through NOSTRO Accounts by the banking sector to the tune of US$ 8.46 billion. Among the other components of external financial assets, the Reserve Assets registered an increase of US$ 2.37 billion over the end-March 2008 and stood at US$ 312.09 billion at end-June 2008. Direct Investment abroad increased by US$ 2.02 billion during the same period and was at US$ 48.21 billion as at end-June 2008.
The total external financial liabilities declined by US$ 7.2 billion over the previous quarter and stood at US$ 426.76 billion as at end-June 2008. This declined was mainly attributed to outflow by FIIs from Portfolio equity investment during April-June 2008 and also effect of valuation changes. Direct Investment in India increased by US$ 4.03 billion at end-June 2008 over end- March 2008. Further, trade credits, component of 'Other Investment' in India, increased by US$ 2.06 billion during end-June 2008 over end-March 2008, mainly due to increase in short term trade credit (US$ 2.17 billion). The Reserve Assets stood at US$ 312.09 billion exceeding the entire external debt (US$ 221.30 billion*) by US$ 90.79 billion as at end-June 2008.
Note *: As published in External Debt Statistics of India, June 2008, RBI.
| Overall International Investment Position |
|
| (US $ billion) |
|
| Period |
Jun. 06 (R) |
Jun. 07 (PR) |
Mar. 08 (PR) |
Jun. 08 (P) |
|
| Net IIP |
-59.46 |
-80.73 |
-52.51 |
-49.12 |
|
| A |
Assets |
192.22 |
261.89 |
381.45 |
377.63 |
|
| |
1. Direct Investment |
17.27 |
33.73 |
46.19 |
48.21 |
|
| |
2. Portfolio Investment |
1.02 |
0.93 |
0.73 |
0.70 |
|
| |
2.1 Equity Securities |
0.60 |
0.56 |
0.64 |
0.62 |
|
| |
2.2 Debit Securities |
0.43 |
0.38 |
0.09 |
0.07 |
|
| |
3. Other Investment |
11.02 |
13.87 |
24.80 |
16.64 |
|
| |
3.1 Trade Credits |
-1.40 |
-1.02 |
0.85 |
1.95 |
|
| |
3.2 Loans |
1.52 |
2.15 |
10.51 |
2.06 |
|
| |
3.3 Currency and Deposits |
7.47 |
8.55 |
8.23 |
6.39 |
|
| |
3.4 Other Assets |
3.44 |
4.20 |
5.21 |
6.24 |
|
| |
4. Reserve Assets |
162.91 |
213.35 |
309.72 |
312.09 |
| |
|
|
|
|
|
|
| B |
Liabilities |
251.68 |
342.62 |
433.96 |
426.76 |
|
| |
1. Direct Investment |
53.73 |
88.33 |
115.51 |
119.54 |
|
| |
2. Portfolio Investment |
64.32 |
93.81 |
119.45 |
107.98 |
|
| |
2.1 Equity Securities |
52.47 |
75.17 |
98.28 |
87.44 |
|
| |
2.2 Debt Securities |
11.86 |
18.65 |
21.17 |
20.54 |
|
| |
3. Other Investment |
133.63 |
160.48 |
199.01 |
199.24 |
|
| |
3.1 Trade Credits |
22.41 |
29.49 |
45.22 |
47.28 |
|
| |
3.2 Loans |
70.76 |
85.73 |
106.44 |
106.52 |
|
| |
3.3 Currency and Deposits |
39.37 |
43.81 |
44.79 |
43.59 |
|
| |
3.4 Other Liabilities |
1.08 |
1.45 |
2.56 |
1.85 |
|
R: Revised.PR: Partially revised. P: Provisional.
[figures in the Table have been compiled based on IIP estimates in terms of US $ Million]
|
|
Source: Reserve Bank of India |
|
Sectorwise Classification of Approved Overseas
Investments
During the period from April 1999 to March 2007, the largest amount of approvals for overseas investment was in the financial and non-financial services sector (including software development) at US$ 13099.72 million followed by manufacturing sector at US$ 12538.38 mn, Other activities at US$ 2393.06 million and Trading sector at US$ 1884.57 million respectively.
| (Amount in US$ million) |
|
| Year |
Manufacturing |
Financial services |
Non financial services |
Trading |
Others |
|
| 1999-00 |
548.84 |
4.26 |
1143.52 |
58.31 |
2.30 |
|
| 2000-01 |
370.74 |
16.61 |
876.53 |
89.17 |
29.14 |
|
| 2001-02 |
2210.90 |
48.62 |
565.49 |
139.18 |
61.34 |
|
| 2002-03 |
1056.74 |
1.82 |
280.17 |
69.880 |
61.69 |
|
| 2003-04 |
765.64 |
35.11 |
438.79 |
76.940 |
134.08 |
|
| 2004-05 |
2026.43 |
9.210 |
548.24 |
69.120 |
151.330 |
|
| 2005-06 |
1711.08 |
167.71 |
707.44 |
134.34 |
134.29 |
|
| 2006-07 |
3748.01 |
24.99 |
8231.21 |
1247.63 |
1808.16 |
|
| Total |
12538.38
(42%) |
308.33
(1%)
|
12791.39
(43%) |
1884.57
(6%) |
2393.06
(8%) |
|
| Source: Ministry of Finance |
Regionwise Approved Overseas Investments For 2006-07
In the year 2006-07, Other European countries (US$ 6702.96 million) accounted for major share of India's overseas investment followed by European Common Market Region (US$ 3344.89 mn, Economic & Social Commission for Asia Pacific Region (US$ 1737.89 mn), Organisation Commune African El Malagache Region (US$ 1289 mn) and North American region (US$ 1252.44 mn) respectively.
| 1st April 2006 – 31st March 2007 |
|
| Amount in US$ million |
|
| Name
of the Region |
No.
of approvals |
Equity |
Loan |
Guarantee |
Total |
|
| Central American Common
Market |
001 |
-- |
0.096 |
-- |
0.096 |
|
| Caribbean Common Market |
001 |
0.050 |
0.050 |
-- |
0.100 |
|
| Common Wealth of Independent
States |
28 |
17.597 |
14.852 |
3.000 |
35.449 |
|
| East African Community |
002 |
0.201 |
- |
- |
0.201 |
|
| East European countries |
10 |
1.534 |
34.500 |
-- |
36.034 |
|
| Economic Commission
for West Asia |
215 |
111.138 |
104.371 |
115.276 |
330.785 |
|
| European Common Market |
300 |
2248.461 |
117.997 |
978.433 |
3344.891 |
|
| European Free Trade
Area |
43 |
83.733 |
55.677 |
-- |
139.410 |
|
| Economic & Social Commission
for Asia & Pacific |
448 |
1157.397 |
259.509 |
320.985 |
1737.891 |
|
| North America |
477 |
943.919 |
275.425 |
33.100 |
1252.444 |
|
| Organisation of African
Unity |
24 |
6.194 |
9.465 |
-- |
15.659 |
|
| Organisation Commune
African El Malagache |
130 |
671.043 |
540.210 |
75.761 |
1289.014 |
|
| Other African countries |
32 |
218.169 |
4.858 |
-- |
223.027 |
|
| Other Asian & Oceanian & Antarctic & Artic Counter |
4 |
0.975 |
-- |
-- |
0.975 |
|
| Other Central American
& Caribbean countries |
13 |
23.776 |
2.058 |
5.000 |
30.834 |
|
| Other European countries |
46 |
5733.441 |
55.111 |
914.405 |
6702.957 |
|
| South America |
42 |
25.967 |
1.106 |
5.000 |
32.073 |
|
| Total |
1817 |
11244.96 |
1475.28 |
2339.76 |
15060.00 |
|
| Source: Ministry of Finance |
Countrywise Approved Indian Direct Investments in Joint
Ventures and Wholly Owned Subsidiaries
During the period from April 1996 to
July 2006, Russia was the largest recipient of approvals for Indian direct
investment at US$ 2828 million, followed by USA at US$ 2619 million, Mauritius at
US$ 1927 million, Sudan at US$ 1035 million and U.K at US$ 989 million.
During the period April 1996 to March 2007, Channel Island was the largest recipient of approvals for Indian direct investment at US$ 5414.07 million, followed by USA at US$ 3285.19 million, Russia at US$ 2839.63 million, U.K at US$ 2683.3 million and Mauritius at US$ 2572 million.
| (Amount US$ million) |
|
| S.No |
Name of the
country |
Apl.
1996 to Mar 02 |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
Total |
|
| 1 |
Afghanistan |
-- |
-- |
-- |
-- |
0.055 |
-- |
0.055 |
|
| 2 |
Algeria |
-- |
-- |
0.54 |
0.25 |
0.235 |
0.315 |
1.340 |
|
| 3 |
Australia |
6.99 |
94.97 |
92.87 |
158.76 |
75.271 |
174.912 |
603.773 |
|
| 4 |
Austria |
77.64 |
-- |
-- |
0.11 |
-- |
1.696 |
79.446 |
|
| 5 |
Argentina |
0.30 |
-- |
-- |
-- |
-- |
-- |
0.3 |
|
| 6 |
Azerbaijan |
0.01 |
-- |
-- |
2.05 |
-- |
-- |
2.06 |
|
| 7 |
Bangladesh |
14.95 |
1.18 |
4.08 |
1.72 |
1.203 |
15.952 |
39.085 |
|
| 8 |
Bahamas |
0.01 |
-- |
0.02 |
-- |
-- |
0.100 |
0.130 |
|
| 9 |
Bahrain |
11.36 |
1.16 |
-- |
0.05 |
0.712 |
0.411 |
13.693 |
|
| 10 |
Belgium |
5.15 |
0.30 |
9.19 |
1.06 |
69.382 |
97.799 |
182.881 |
|
| 11 |
BritishVirgin
Island |
776.53 |
3.27 |
4.92 |
131.41 |
29.534 |
62.799 |
1008.463 |
|
| 12 |
Belize |
0.36 |
-- |
-- |
-- |
-- |
-- |
0.36 |
|
| 13 |
Bermuda |
232.63 |
28.95 |
142.46 |
221.26 |
2.600 |
-- |
627.90 |
|
| 14 |
Botswana |
3.46 |
-- |
0.05 |
0.02 |
0.017 |
-- |
3.547 |
|
| 15 |
Brazil |
12.98 |
5.17 |
4.95 |
17.21 |
420.122 |
26.638 |
487.070 |
|
| 16 |
Burkino Faso |
-- |
-- |
-- |
0.05 |
-- |
-- |
0.05 |
|
| 17 |
Bulgaria |
-- |
-- |
-- |
-- |
-- |
0.288 |
0.288 |
|
| 18 |
Bhutan |
-- |
-- |
-- |
-- |
-- |
1.118 |
1.118 |
|
| 19 |
Channel
Island |
13.64 |
0.49 |
-- |
3.61 |
37.490 |
5358.843 |
5414.073 |
|
| 20 |
Cameroon |
-- |
0.02 |
-- |
-- |
-- |
-- |
0.02 |
|
| 21 |
Canada |
5.58 |
2.34 |
0.66 |
0.80 |
1.557 |
404.274 |
414.090 |
|
| 22 |
Cayman
Island |
11.63 |
-- |
-- |
2.76 |
82.437 |
7.085 |
103.912 |
|
| 23 |
Colombia |
16.23 |
-- |
-- |
-- |
-- |
-- |
16.23 |
|
| 24 |
Congo |
-- |
-- |
-- |
-- |
0.220 |
-- |
0.220 |
|
| 25 |
China |
38.35 |
29.55 |
26.59 |
15.13 |
52.167 |
54.614 |
216.401 |
|
| 26 |
Cambodia |
-- |
-- |
-- |
0.04 |
-- |
14.458 |
14.498 |
|
| 27 |
Cuba |
-- |
-- |
-- |
-- |
-- |
17.000 |
17.000 |
|
| 28 |
Cyprus |
1.85 |
-- |
0.03 |
1.93 |
13.400 |
1344.158 |
1361.368 |
|
| 29 |
Czech Republic |
-- |
-- |
0.01 |
0.35 |
0.421 |
34.508 |
35.289 |
|
| 30 |
Denmark |
0.01 |
-- |
-- |
6.78 |
16.516 |
2.358 |
25.664 |
|
| 31 |
Egypt |
8.49 |
0.01 |
-- |
3.07 |
0.100 |
0.084 |
11.754 |
|
| 32 |
Ethiopia |
0.54 |
0.57 |
0.22 |
0.20 |
1.796 |
2.523 |
5.849 |
|
| 33 |
France |
5.07 |
1.83 |
84.37 |
22.31 |
0.630 |
0.693 |
114.903 |
|
| 34 |
Finland |
2.40 |
-- |
-- |
0.03 |
-- |
0.01 |
2.44 |
|
| 35 |
Gabon |
-- |
-- |
-- |
-- |
-- |
63.00 |
63.000 |
|
| 36 |
Germany |
11.82 |
4.92 |
18.24 |
9.09 |
36.077 |
67.899 |
148.046 |
|
| 37 |
Georgia |
-- |
-- |
-- |
-- |
0.130 |
8.861 |
8.991 |
|
| 38 |
Ghana |
0.03 |
0.33 |
0.01 |
-- |
0.660 |
1.689 |
2.719 |
|
| 39 |
Greece |
0.05 |
-- |
-- |
-- |
-- |
0.185 |
0.235 |
|
| 40 |
Honduras
Republic |
-- |
-- |
-- |
-- |
0.200 |
0.096 |
0.296 |
|
| 41 |
Hong Kong |
445.12 |
14.80 |
16.15 |
73.64 |
88.758 |
80.115 |
718.583 |
|
| 42 |
Hungary |
5.51 |
-- |
1.89 |
-- |
-- |
-- |
7.40 |
|
| 43 |
Indonesia |
20.19 |
0.12 |
19.30 |
80.80 |
7.918 |
31.332 |
159.660 |
|
| 44 |
Iraq |
5.00 |
-- |
-- |
-- |
-- |
-- |
5.00 |
|
| 45 |
Iran |
59.15 |
43.60 |
0.49 |
0.21 |
0.312 |
0.561 |
104.323 |
|
| 46 |
Isle of Man |
-- |
-- |
-- |
-- |
-- |
0.066 |
0.066 |
|
| 47 |
Israel |
2.88 |
-- |
-- |
0.68 |
-- |
-- |
3.56 |
|
| 48 |
Ireland |
43.46 |
-- |
4.63 |
1.93 |
3.596 |
2.906 |
56.523 |
|
| 49 |
Italy |
42.21 |
0.09 |
0.06 |
7.62 |
0.216 |
7.117 |
57.313 |
|
| 50 |
Ivory Coast |
0.01 |
-- |
-- |
7.24 |
6.852 |
0.390 |
14.492 |
|
| 51 |
Jordan |
0.03 |
-- |
-- |
-- |
-- |
-- |
0.03 |
|
| 52 |
Japan |
5.74 |
0.37 |
0.04 |
-- |
0.087 |
1.309 |
7.546 |
|
| 53 |
Kazakhstan |
4.44 |
0.11 |
74.96 |
44.00 |
9.600 |
10.000 |
143.110 |
|
| 54 |
Kenya |
12.75 |
0.59 |
1.77 |
0.19 |
0.319 |
0.200 |
15.819 |
|
| 55 |
Kuwait |
11.81 |
0.04 |
0.21 |
1.55 |
0.301 |
-- |
13.911 |
|
| 56 |
Kyrgyzstan |
7.98 |
0.15 |
-- |
2.75 |
2.000 |
-- |
12.88 |
|
| 57 |
North Korea |
-- |
-- |
51.51 |
-- |
-- |
-- |
51.51 |
|
| 58 |
South Korea |
0.45 |
-- |
-- |
1.55 |
-- |
0.700 |
2.700 |
|
| 59 |
Latvia |
-- |
-- |
-- |
-- |
-- |
0.275 |
0.275 |
|
| 60 |
Liechtenstein |
0.01 |
-- |
-- |
-- |
-- |
-- |
0.01 |
|
| 61 |
Luxembourg |
17.30 |
0.95 |
-- |
-- |
-- |
0.009 |
18.259 |
|
| 62 |
Libya |
30.00 |
-- |
-- |
-- |
25.280 |
75.00 |
130.280 |
|
| 63 |
Liberia |
0.28 |
-- |
-- |
-- |
154.940 |
-- |
155.220 |
|
| 64 |
Malta |
21.69 |
24.37 |
40.25 |
10.04 |
-- |
-- |
96.35 |
|
| 65 |
Mauritius |
618.34 |
133.35 |
175.59 |
149.38 |
332.665 |
1162.786 |
2572.111 |
|
| 66 |
Myanmar |
8.07 |
-- |
4.31 |
-- |
-- |
59.067 |
71.447 |
|
| 67 |
Maldives |
21.00 |
-- |
-- |
-- |
1.10 |
0.143 |
22.243 |
|
| 68 |
Moldova |
-- |
-- |
-- |
3.75 |
1.500 |
1.250 |
6.500 |
|
| 69 |
Malaysia |
39.22 |
0.79 |
1.44 |
4.85 |
4.392 |
14.594 |
65.286 |
|
| 70 |
Republic of Madagascar |
0.03 |
-- |
-- |
-- |
-- |
-- |
0.03 |
|
| 71 |
Morocco |
32.49 |
-- |
-- |
-- |
-- |
-- |
32.49 |
|
| 72 |
Mozambique |
-- |
-- |
-- |
2.55 |
7.515 |
-- |
10.065 |
|
| 73 |
Mexico |
0.70 |
0.50 |
-- |
0.26 |
51.851 |
9.611 |
62.922 |
|
| 74 |
Nepal |
67.00 |
5.69 |
5.32 |
3.86 |
0.793 |
4.112 |
86.775 |
|
| 75 |
Netherlands |
157.92 |
15.92 |
30.18 |
30.65 |
284.619 |
1286.129 |
1805.418 |
|
| 76 |
Niger |
-- |
-- |
-- |
-- |
0.010 |
-- |
0.010 |
|
| 77 |
Nigeria |
6.69 |
4.08 |
2.16 |
7.53 |
4.301 |
11.637 |
36.398 |
|
| 78 |
Namibia |
0.06 |
-- |
-- |
0.001 |
-- |
-- |
0.06 |
|
| 79 |
New Zealand |
0.13 |
0.57 |
0.03 |
0.00 |
0.102 |
0.596 |
1.428 |
|
| 80 |
Norway |
-- |
0.01 |
-- |
-- |
-- |
0.395 |
0.405 |
|
| 81 |
Oman |
204.88 |
0.35 |
1.51 |
5.00 |
2.256 |
27.386 |
241.382 |
|
| 82 |
Pakistan |
-- |
2.50 |
-- |
-- |
-- |
-- |
2.50 |
|
| 83 |
Peru |
-- |
-- |
-- |
-- |
-- |
0.085 |
0.085 |
|
| 84 |
Philippines |
0.14 |
0.01 |
0.79 |
3.34 |
4.478 |
1.125 |
9.883 |
|
| 85 |
Poland |
0.11 |
0.12 |
0.37 |
0.50 |
0.483 |
0.578 |
2.161 |
|
| 86 |
Portugal |
3.01 |
-- |
-- |
-- |
-- |
-- |
3.01 |
|
| 87 |
Panama |
0.67 |
-- |
-- |
-- |
19.209 |
3.954 |
23.33 |
|
| 88 |
Qatar |
-- |
-- |
0.32 |
-- |
15.500 |
0.054 |
15.874 |
|
| 89 |
Romania |
-- |
-- |
0.10 |
-- |
10.506 |
0.319 |
10.925 |
|
| 90 |
Russia |
1748.68 |
0.15 |
1.43 |
1076.17 |
1.168 |
12.031 |
2839.629 |
|
| 91 |
South Africa |
21.56 |
0.07 |
0.79 |
2.88 |
10.422 |
23.390 |
59.112 |
|
| 92 |
Sierra Leone |
-- |
-- |
-- |
0.01 |
-- |
0.010 |
0.020 |
|
| 93 |
Saudi Arabia |
18.81 |
0.12 |
3.27 |
-- |
-- |
18.492 |
40.692 |
|
| 94 |
Senegal |
22.24 |
-- |
-- |
-- |
1.00 |
-- |
23.24 |
|
| 95 |
Singapore |
152.96 |
46.79 |
15.85 |
239.29 |
200.493 |
1085.604 |
1740.987 |
|
| 96 |
St. Vincent |
-- |
-- |
-- |
0.050 |
-- |
-- |
0.050 |
|
| 97 |
Sri Lanka |
61.58 |
6.60 |
44.52 |
9.95 |
17.429 |
8.269 |
148.348 |
|
| 98 |
Spain |
0.55 |
0.04 |
0.19 |
0.008 |
2.194 |
10.628 |
13.611 |
|
| 99 |
Sudan |
-- |
750.00 |
162.03 |
51.548 |
63.048 |
118.154 |
1144.780 |
|
| 100 |
Sweden |
0.64 |
0.01 |
2.16 |
-- |
4.500 |
2.890 |
10.200 |
|
| 101 |
Switzerland |
6.99 |
1.05 |
0.75 |
2.452 |
73.307 |
134.421 |
218.970 |
|
| 102 |
SyrianArab Republic |
-- |
-- |
9.45 |
-- |
-- |
-- |
9.45 |
|
| 103 |
Tajikistan |
0.36 |
-- |
-- |
0.041 |
-- |
3.964 |
4.365 |
|
| 104 |
Taiwan |
-- |
-- |
-- |
-- |
0.240 |
0.023 |
0.263 |
|
| 105 |
Thailand |
25.09 |
7.73 |
7.36 |
3.465 |
3.384 |
93.429 |
140.458 |
|
| 106 |
Tanzania |
4.02 |
0.01 |
0.08 |
0.342 |
-- |
-- |
4.452 |
|
| 107 |
Trinidad &
Tobacco |
2.09 |
-- |
0.60 |
-- |
-- |
-- |
2.69 |
|
| 108 |
Tunisia |
-- |
-- |
-- |
-- |
-- |
5.242 |
5.242 |
|
| 109 |
Turkey |
0.06 |
-- |
-- |
-- |
0.278 |
0.196 |
0.534 |
|
| 110 |
UAE |
110.24 |
12.60 |
32.07 |
41.851 |
141.019 |
284.454 |
622.234 |
|
| 111 |
Uganda |
2.44 |
-- |
0.010 |
0.190 |
-- |
0.001 |
2.641 |
|
| 112 |
U.K |
410.62 |
34.53 |
138.48 |
71.852 |
158.270 |
1869.548 |
2683.300 |
|
| 113 |
Ukraine |
0.70 |
-- |
-- |
3.960 |
-- |
0.280 |
4.940 |
|
| 114 |
USA |
1540.83 |
185.27 |
207.14 |
251.42 |
270.256 |
830.276 |
3285.192 |
|
| 115 |
Uruguay |
-- |
1.39 |
1.96 |
1.800 |
25.250 |
5.500 |
35.900 |
|
| 116 |
Uzbekistan |
25.73 |
1.56 |
0.16 |
0.177 |
0.027 |
0.065 |
27.719 |
|
| 117 |
Vanatua |
0.001 |
-- |
-- |
2.301 |
0.175 |
-- |
2.477 |
|
| 118 |
Vietnam |
228.79 |
0.06 |
0.04 |
0.055 |
-- |
76.216 |
305.161 |
|
| 119 |
Zambia |
2.35 |
-- |
-- |
0.105 |
-- |
-- |
2.455 |
|
| 120 |
Zanzibar |
0.09 |
-- |
-- |
-- |
-- |
-- |
0.09 |
|
| 121 |
Zimbabwe |
1.11 |
-- |
-- |
0.175 |
0.300 |
0.948 |
2.533 |
|
| Source: Ministry of Finance |
Overseas Investment Approvals and Outflows
The overseas investment approvals have been steadily increasing since 1996 both in terms of number of approvals and value. The value of approved/reported Indian investments abroad has gone increased by more than 5 time to US$ 2854.84 million between April 1996 to March 2006.
In the year 2006-07, 1817 approvals were granted to Indian companies for overseas investments worth US$ 15060 million, a substantial increase in terms of number of approvals and value of investments approved as compared to last 5 years.
|
(Amount in USD million) |
|
Financial
Year |
No.of approvals
|
Equity |
Loan |
Guarantee |
Total |
Annual Cap |
Actual outflows
|
|
| 1996-97 |
290 |
363.73 |
37.76 |
155.12 |
556.61 |
500 |
204.99 |
|
| 1997-98 |
228 |
482.01 |
8.34 |
135.52 |
625.87 |
750 |
120.77 |
|
| 1998-99 |
275 |
144.98 |
18.48 |
86.21 |
249.67 |
750 |
142.83 |
|
| 1999-00 |
395 |
1298.93 |
50.44 |
407.64 |
1757.01 |
750 |
318.64 |
|
| 2000-01 |
714 |
1176.83 |
89.84 |
113.43 |
1380.10 |
1000 |
1211.85 |
|
| 2001-02 |
908 |
2712.46 |
157.21 |
155.86 |
3025.53 |
1000 |
981.67 |
|
| 2002-03 |
1034 |
1298.69 |
104.49 |
141.53 |
1544.71 |
1000 |
1799.08 |
|
| 2003-04 |
1214 |
822.40 |
229.90 |
413.84 |
1450.56 |
Annual ceiling removed
w.e.f. 1.4.2003 |
1494.26 |
|
| 2004-05 |
1281 |
2010.03 |
384.39 |
409.91 |
2804.33 |
---- |
1744.50 |
|
| 2005-06 |
1395 |
1887.87 |
629.74 |
337.32 |
2854.84 |
---- |
4531.87 |
|
| 2006-07 |
1817 |
11244.96 |
1475.28 |
2339.76 |
15060.010 |
---- |
11001.28 |
|
| Source: Ministry of Finance |
Actual outflows of overseas investments
Actual outflows rose from US$ 318.64 million in 1999-2000 to US$ 4531.87 million in the year 2005-06, a jump of 1422%. In the year 2006-07, actual outflows stood at US$ 11001.28 million as compared to US$ 4531.87 million during the last year.
|
US$/million |
|
| Financial year |
Equity |
Loan |
Invoked guarantee |
Total |
|
| 1999-2000 |
314.31 |
3.93 |
0.40 |
318.64 |
|
| 2000-2001 |
1138.32 |
68.55 |
4.98 |
1211.85 |
|
| 2001-2002 |
859.82 |
121.43 |
0.42 |
981.67 |
|
| 2002-2003 |
1698.06 |
100.38 |
-- |
1798.44 |
|
| 2003-2004 |
1234.25 |
260.67 |
-- |
1494.92 |
|
| 2004-2005 |
1349.34 |
395.16 |
--- |
1744.50 |
|
| 2005-2006 |
3594.84 |
934.03 |
3.00 |
4531.87 |
|
| 2006-2007 |
10130.37 |
870.91 |
-- |
11001.28 |
|
| Source: Ministry of Finance |
Inflows from Joint Ventures (JVs)/Wholly
Owned Subsidiaries(WOSs)
Foreign exchange inflows from Indian overseas investments in joint ventures and wholly owned subsidiaries have been steadily rising. While inflows rose from US$ 49 million in 1999-2000 to US$ 51 million in 2000-01, there was more than eight fold increase when the inflows aggregated US$ 438.17 million in year 2005-06. During the year 2006-07, actual outflows declined to US$ US$ 181.95 million by way of repatriation of dividend etc. from overseas JV/WOS and non equity exports has been increased as Rs. 1919.67 crores as against Rs. 1366.22 crores during the previous year.
|
US$ million |
|
| Financial
year |
Dividend |
Others
(Tech.know-how, royalty, Engg. fees, consultancy etc.) |
Total
@ |
Non-equity exports
(Rs. in crs) |
|
| 1999-2000
|
17.63 |
031.56 |
049.19 |
0555.30
|
|
| 2000-2001
|
12.50 |
038.93 |
051.43 |
1325.80
|
|
| 2001-2002
|
36.31 |
242.97
|
279.28
|
1889.68
|
|
| 2002-2003
|
33.60 |
068.66 |
102.26
|
1007.07
|
|
| 2003-04
|
26.24 |
324.49
|
350.73
|
0627.08
|
|
| 2004-05
|
24.23 |
066.50 |
090.73 |
0854.06 |
|
| 2005-06 |
28.08 |
410.09 |
438.17 |
1366.22 |
|
| 2006-07 |
14.20 |
167.75 |
181.95 |
1919.67 |
|
| Source: Ministry of Finance |
@ Figures are provisional and are updated on receipt of ODRs/APRs by RBI
