The Reserve Bank of India today released the January 2017 issue of its monthly RBI Bulletin. It includes the article on ‘Census on Foreign Liabilities and Assets of Indian Direct investment Companies: 2015-16’ apart from Press Releases on Working Papers and Occasional Papers. The regular Current Statistics this month includes occasional tables on Small Savings, Ownership Pattern of Central and State Governments Securities and Combined Receipts and Disbursements of the Central and State Governments. The Report on Trend and Progress of Banking in India 2015-16 and Financial Stability Report – December 2016 are being issued as a supplement with this issue of the RBI Bulletin.

Census on Foreign Liabilities and Assets of Indian Direct Investment
Companies: 2015-16

The article ‘Census on Foreign Liabilities and Assets (FLA) of Indian Direct investment Companies, 2015-16’ presents comprehensive information on overseas liabilities and assets of Indian companies, arising on account of foreign direct investment (FDI) in India, their overseas direct investment (ODI) and other investments. In the latest round of the Census, 18,549 companies have reported so far, of which 17,008 companies had FDI /ODI in their balance sheet in March 2016.

Main Findings:

• The total inward FDI stock stood at ₹ 20,140 billion whereas total ODI was placed at ₹ 5,790.2 billion at market value in March 2016. FDI stock at market value in the manufacturing and services sectors stood at ₹ 10,006.3 billion and ₹ 8,590.8 billion, respectively in March 2016.

• Other investment liabilities with unrelated non-resident entity stood at ₹ 12,640.8 billion in March 2016. Corresponding overseas assets amounted to 35.1 per cent of such liabilities.

• Among the source countries for FDI, Mauritius had the largest share (20.8 per cent) followed by USA (17.4 per cent), UK (15.1 per cent). The major destination for ODI by Indian companies was Singapore (20.6 per cent) in March 2016.

• Total sales of Indian subsidiary companies in foreign countries (including exports of ₹ 988.2 billion) stood at ₹ 3,301.1 billion in 2015-16 while their total purchase (including imports of ₹ 1,188.3 billion) was placed at ₹ 3,150.7 billion.

• Total sales of foreign subsidiaries in India (including exports of ₹ 5,493.6 billion) stood at ₹ 17,078.2 billion in 2015-16 while their purchases (including imports of ₹ 4,614.2 billion), were placed at ₹ 10,812.2 billion.

The detailed data relating to this Census were earlier released on the RBI website on December 19, 2016.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/1833