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44A. Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals
Date : Mar 12, 2012

(US$ Million)

Purpose

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

1

2

3

4

5

6

7

1.

Deposit

9.1

23.2

19.7

24.0

30.4

37.4

29.6

2.

Purchase of immovable property

0.5

1.9

8.5

39.5

55.9

47.6

66.3

3.

Investment in equity/debt

20.7

144.7

151.4

206.5

265.9

4.

Gift

7.4

70.3

133.0

159.9

242.5

5.

Donations

0.1

1.6

1.4

5.3

3.6

6

Travel

17.4

16.2

7.

Maintenance of close relatives

170.9

255.2

8.

Medical Treatment

18.3

5.7

9.

Studies Abroad

217.8

150.1

10.

Others**

16.4

160.4

436.0

101.8

128.6

 

Total (1 to 10)

9.6

25.0

72.8

440.5

808.1

983.0

1163.5


(US$ Million)

Purpose

2010-11

Apr.

May.

Jun.

Jul.

Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

1

2

3

4

5

6

7

9

10

11

12

13

1.

Deposit

3.6

2.5

2.3

1.5

1.3

0.8

2.9

1.7

1.6

1.1

2.5

7.8

2.

Purchase of immovable property

7.5

5.8

5.9

4.4

4.6

4.6

6.8

5.0

4.0

4.4

4.5

8.8

3.

Investment in equity/debt

22.2

21.6

18.2

17.6

17.5

15.6

24.8

15.3

16.9

19.4

26.5

50.3

4.

Gift

24.5

16.6

16.5

15.1

19.2

15.8

23.1

23.1

29.3

15.1

15.0

29.2

5.

Donations

0.5

0.1

0.2

0.1

0.4

0

0.3

0.3

0.1

0.2

0.3

1.1

6.

Travel

1.6

1.5

1.2

2.2

2.6

1.3

1.3

1.2

1.1

0.7

0.8

0.7

7.

Maintenance of close relatives

61.1

19.7

15.1

14.7

20.7

14.5

18.9

12.1

40.4

9.6

9.1

19.3

8.

Medical Treatment

0.8

0.6

0.7

0.7

0.5

0.4

0.3

0.6

0.6

0.04

0.3

0.2

9.

Studies Abroad

7.7

9.6

6.9

13.0

18.6

23.9

12.6

10.4

11.7

13.1

10.4

12.2

10.

Others **

11.7

12.2

10.1

7.6

9.5

7.3

8.3

12.0

14.0

10.1

7.9

17.9

 

Total ( 1 to 10)

141.2

90.2

77.1

76.9

94.7

84.2

99.3

81.7

119.7

73.7

77.3

147.5


(US$ Million)

Purpose

2011-12

Apr.

May.

Jun.

Jul.

Aug.

Sep.

Oct.

Nov.

Dec.

1

2

3

4

5

6

7

8

9

1.

Deposit

3.3

2.6

2.3

0.9

1.1

1.4

0.6

1.2

1.3

2.

Purchase of immovable property

6.8

6.0

6.2

7.2

5.2

3.8

4.2

5.1

4.2

3.

Investment in equity/debt

26.2

21.4

16.3

19.0

20.1

18.2

13.8

12.6

11.2

4.

Gift

38.3

23.4

22.9

21.4

17.3

17.1

13.2

12.9

14.2

5.

Donations

0.2

0.9

0.3

0.1

0.3

0.4

0.1

0.3

6.

Travel

2.2

2.0

1.8

2.5

1.7

3.9

3.4

3.4

3.1

7.

Maintenance of close relatives

12.9

11.2

10.5

11.1

9.3

13.0

12.3

14.3

13.4

8.

Medical Treatment

0.2

0.4

0.2

0.02

0.3

0.6

0.3

0.2

0.3

9.

Studies Abroad

6.5

7.9

6.8

9.1

15.5

12.5

7.5

8.8

8.1

10.

Others **

7.0

8.5

6.3

6.7

8.3

8.4

9.4

6.8

6.0

 

Total ( 1 to 10)

103.4

83.7

74.2

78.2

78.9

79.2

64.9

65.5

62.1


– Not available
** Include items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc. ( till 2008-09 also includes education, travel, maintenance of close relatives and medical treatment).
Notes: (i) The data from 2004 to 2007 are on calendar basis.
(ii) Under Liberalised Remittance Scheme (LRS), currently, the residents are permitted to remit up to an amount of US $ 2,00,000 per financial year (April-March) for any permitted current or capital account transactions or a combination of both with effect from September 26, 2007. The LRS Scheme was introduced in February 2004 to facilitate resident individuals to freely remit up to US $ 25,000 per calendar year, which was enhanced to US $ 50,000 per financial year in December 2006; to US $ 1, 00,000 per financial year in May 2007; and to US $ 2, 00,000 per financial year in September 2007.


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