COUNTRY NAME: INDIA IFS CODE: 534
INTERNATIONAL INVESTMENT POSITION:
EXTERNAL ASSETS AND LIABILITIES
AT END OF March 2007
UNITS: Crores REPORTING CURRENCY: INR

Period

Mar-04(R)

Mar-05(R)

Mar-06(PR)

Mar-07(PR)

International Investment Position, net

-211,210.55

-235,835.63

-266,456.11

-272,266.96

A. Assets

590,348.03

725,035.62

820,748.06

1,069,521.96

1. Direct Investment Abroad

33,710.49

43,899.18

70,925.11

128,223.14

1.1 Equity Capital and Reinvested Earnings

31,282.57

39,753.61

62,196.38

114,683.19

1.1.1 Claims on Affiliated Enterprises

31,282.57

39,753.61

62,196.38

114,683.19

1.1.2 Liabilities to Affiliated Enterprises (-)

1.2 Other Capital

2,427.92

4,145.57

8,728.73

13,539.95

1.2.1 Claims on Affiliated Enterprises

2,427.92

4,145.57

8,728.73

13,539.95

1.2.2 Liabilities to Affiliated Enterprises (-)

2. Portfolio Investment

1,638.00

2,054.04

4,334.29

3,441.67

2.1 Equity Securities

771.83

1,065.09

2,212.12

1,654.11

2.1.1 Monetary Authorities

2.1.2 General Government

2.1.3 Banks

650.00

926.00

1,975.00

1,466.00

2.1.4 Other Sectors $

121.83

139.09

237.12

188.11

2.2 Debt Securities

866.17

988.95

2,122.17

1,787.56

2.2.1 Bonds and Notes

514.17

808.95

2,050.17

1,707.56

2.2.1.1 Monetary Authorities

2.2.1.2 General Government

2.2.1.3 Banks

506.00

799.00

2,007.00

1,681.00

2.2.1.4 Other Sectors $

8.17

9.95

43.17

26.56

2.2.2 Money-market Instruments

352.00

180.00

72.00

80.00

2.2.2.1 Monetary Authorities

2.2.2.2 General Government

2.2.2.3 Banks

352.00

180.00

72.00

80.00

2.2.2.4 Other Sectors

3. Financial Derivatives

3.1 Monetary Authorities

3.2 General government

3.3 Banks

3.4 Other sectors

4. Other Investment

64,870.54

59,966.40

69,101.66

69,635.15

4.1 Trade Credits

2,481.50

4,841.50

-1,186.50

2,688.00

4.1.1 General Government

4.1.1.1 Long-term

4.1.1.2 Short-term

4.1.2 Other Sectors

2,481.50

4,841.50

-1,186.50

2,688.00

4.1.2.1 Long-term

4.1.2.2 Short-term

2,481.50

4,841.50

-1,186.50

2,688.00

4.2 Loans

7,671.18

8,136.25

10,855.96

13,180.24

4.2.1 Monetary Authorities

4.2.1.1 Long-term

4.2.1.2 Short-term

4.2.2 General Government

3,003.30

3,446.60

3,724.30

3,812.70

4.2.2.1 Long-term

3,003.30

3,446.60

3,724.30

3,812.70

4.2.2.2 Short-term

4.2.3 Banks

3,476.92

3,449.70

5,680.09

8,021.78

4.2.3.1 Long-term

3,476.92

3,449.70

5,680.09

8,021.78

4.2.3.2 Short-term

4.2.4 Other Sectors

1,190.96

1,239.95

1,451.57

1,345.76

4.2.4.1 Long-term $

1,190.96

1,239.95

1,451.57

1,345.76

4.2.4.2 Short-term

4.3 Currency and Deposits

41,403.93

31,970.71

44,645.50

35,354.59

4.3.1 Monetary Authorities

4.3.2 General Government

22.72

16.28

13.52

21.83

4.3.3 Banks

38,205.11

28,038.14

39,257.79

30,687.52

4.3.4 Other Sectors $

3,176.10

3,916.29

5,374.19

4,645.24

4.4 Other Assets

13,313.93

15,017.94

14,786.70

18,412.32

4.4.1 Monetary Authorities

4.4.1.1 Long-term

4.4.1.2 Short-term

4.4.2 General Government

3,112.57

3,178.45

3,161.14

3,163.56

4.4.2.1 Long-term

3,112.57

3,178.45

3,161.14

3,163.56

4.4.2.2 Short-term

4.4.3 Banks

6,515.01

7,321.48

8,041.93

11,197.94

4.4.3.1 Long-term

6,515.01

7,321.48

8,041.93

11,197.94

4.4.3.2 Short-term

4.4.4 Other Sectors

3,686.35

4,518.01

3,583.63

4,050.82

4.4.4.1 Long-term $

3,686.35

4,518.01

3,583.63

4,050.82

4.4.4.2 Short-term

5. Reserve Assets

490,129.00

619,116.00

676,387.00

868,222.00

5.1 Monetary Gold

18,216.00

19,686.00

25,674.00

29,573.00

5.2 Special Drawing Rights

10.00

20.00

12.00

8.00

5.3 Reserve Position in the Fund

5,688.00

6,289.00

3,374.00

2,044.00

5.4 Foreign Exchange

466,215.00

593,121.00

647,327.00

836,597.00

5.4.1 Currency and Deposits

314,246.00

432,038.00

490,425.00

605,587.15

5.4.1.1 With Monetary Authorities

199,059.00

284,930.00

291,745.00

401,790.83

5.4.1.2 With Banks

115,187.00

147,108.00

198,680.00

203,796.33

5.4.2 Securities

151,969.00

161,083.00

156,902.00

231,009.56

5.4.2.1 Equities

5.4.2.2 Bonds and Notes

5.4.2.3 Money-market Instruments

5.4.3 Financial Derivatives (net)

5.5 Other Claims

B. Liabilities

801,558.58

960,871.25

1,087,204.17

1,341,788.92

1. Direct Investment in Reporting economy

165,885.56

194,526.26

233,573.23

332,346.50

1.1 Equity Capital and Reinvested Earnings $$

155,112.60

180,408.60

218,867.60

315,865.60

1.1.1 Claims on Direct Investors (-)

1.1.2 Liabilities to Direct Investors

155,112.60

180,408.60

218,867.60

315,865.60

1.2 Other Capital

10,772.96

14,117.66

14,705.63

16,480.90

1.2.1 Claims on Direct Investors (-)

1.2.2 Liabilities to Direct Investors $$$

10,746.70

14,117.66

14,705.63

16,480.90

2. Portfolio Investment

189,779.42

244,863.71

286,710.92

346,767.72

2.1 Equity Securities

147,406.00

188,825.00

244,182.00

275,812.00

2.1.1 Banks @@

2.1.2 Other Sectors $$

147,406.00

188,825.00

244,182.00

275,812.00

2.2 Debt securities

42,373.42

56,038.71

42,528.92

70,955.72

2.2.1 Bonds and notes

42,373.42

49,683.71

41,604.35

68,923.15

2.2.1.1 Monetary Authorities

2.2.1.2 General Government

806.42

691.71

492.35

473.15

2.2.1.3 Banks #

24,008.90

25,519.33

2,378.48

2,332.23

2.2.1.4 Other Sectors ##

17,558.10

23,472.67

38,733.52

66,117.77

2.2.2 Money-market Instruments

0.00

6,355.00

924.57

2,032.57

2.2.2.1 Monetary Authorities

2.2.2.2 General Government

0.00

6,355.00

924.57

2,032.57

2.2.2.3 Banks

2.2.2.4 Other Sectors

3. Financial Derivatives

3.1 Monetary Authorities

3.2 General Government

3.3 Banks

3.4 Other Sectors

4. Other Investment

445,893.60

521,481.28

566,920.02

662,674.70

4.1 Trade Credits

27,422.00

80,109.00

94,747.00

120,867.00

4.1.1 General Government

5,021.00

4,975.00

4,736.00

4,679.00

4.1.1.1 Long-term

5,021.00

4,975.00

4,736.00

4,679.00

4.1.1.2 Short-term

4.1.2 Other Sectors

22,401.00

75,134.00

90,011.00

116,188.00

4.1.2.1 Long-term

4,471.00

3,961.00

3,348.00

2,932.00

4.1.2.2 Short-term*

17,930.00

71,173.00

86,663.00

113,256.00

4.2 Loans

274,403.30

288,961.34

303,104.37

352,781.10

4.2.1 Monetary Authorities

4.2.1.1 Use of Fund Credit & loans from the fund

4.2.1.2 Other Long-term

4.2.1.3 Short-term

4.2.2 General Government

190,050.00

195,311.00

197,457.00

204,042.00

4.2.2.1 Long-term

190,050.00

195,311.00

197,457.00

204,042.00

4.2.2.2 Short-term

4.2.3 Banks

9,138.00

7,454.00

6,678.00

6,729.00

4.2.3.1 Long-term

9,138.00

7,454.00

6,678.00

6,729.00

4.2.3.2 Short-term

4.2.4 Other Sectors

75,215.30

86,196.34

98,969.37

142,010.10

4.2.4.1 Long-term**

75,215.30

86,196.34

98,969.37

142,010.10

4.2.4.2 Short-term

4.3 Currency and Deposits

139,810.79

147,196.00

166,409.87

184,396.04

4.3.1 Monetary Authorities

2,871.79

3,929.00

4,575.87

4,608.04

4.3.2 General government

4.3.3 Banks @

136,939.00

143,267.00

161,834.00

179,788.00

4.3.4 Other sectors

4.4 Other Liabilities

4,257.51

5,214.94

2,658.78

4,630.56

4.4.1 Monetary Authorities

4.4.1.1 Long-term

4.4.1.2 Short-term

4.4.2 General Government

4.4.2.1 Long-term

4.4.2.2 Short-term

4.4.3 Banks

66.52

718.21

311.97

1,208.79

4.4.3.1 Long-term

4.4.3.2 Short-term

66.52

718.21

311.97

1,208.79

4.4.4 Other sectors

4,190.99

4,496.73

2,346.81

3,421.77

4.4.4.1 Long-term

4.4.4.2 Short-term $

4,190.99

4,496.73

2,346.81

3,421.77

R : Revised
PR : Data are Partially Revised.
P : Data are Provisional.
$ : Based on survey on Foreign Liabilities & Assets
$$ : Foreign Direct Investment (FDI) & Portfolio Investment are not adjusted for price changes.
$$$ : All liabilities (other than equity) between direct investor & direct investment enterprises are treated as other capital.
# : Include India Development Bonds, Resurgent India Bonds, India Millennium Deposits etc.
@ : Include accrued interest; also includes the flow of the discontinued NRNR rupee deposit and NRO deposits
* : Suppliers Credit upto 180 days are included.
** : Includes Buyers' Credit. Loan transactions between direct investor & direct investment enterprises are reated as other capital.
## : Include Foreign Currency Convertible Bonds.
@@: Equity Investments in Banks by Non-residents included under FDI.
Note: NRO deposits are included under NRI deposits from the quarter ending June 2005. Supplier's Credits upto 180 days and FII investment in short term debt instruments are included under short term debt from the quarter ending March 2005.