Today, the Reserve Bank released the provisional results of the 2021-221 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities with inward/outward direct investment (DI). These entities include companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms. Out of the 34,079 entities which responded in the latest census round, 30,754 reported foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheet as at end-March 2022. Of these entities, 26,670 had also reported in the previous census round and 4,084 were newly reporting in the current round. More than three-fourths of the companies that reported inward direct investment were subsidiaries of foreign companies (i.e., single foreign investor holding more than 50 per cent of total FDI equity). The census captures detailed information on (a) market value of liabilities and assets of Indian DI entities arising on account of cross-border direct and other investments; and (b) other business parameters (activity sector, sales, purchase, exports and imports). The variations in outstanding assets / liabilities between the beginning and end of a financial year would be different from flows recorded in India’s balance of payments (BoP) statistics during the year, as the former would also include valuation changes due to price and exchange rate movements. Main Findings:
-
Nearly 97 per cent of the responding entities were unlisted: they accounted for the bulk of FDI equity capital in India (Tables 1 and 2A).
-
Non-financial companies continued to receive most of the FDI equity (at face value) (Table 2B).
-
During 2021-22, the market value of FDI in India increased by 17.3 per cent in the rupee terms; FDI for listed and unlisted2 companies increased by 17.0 per cent and 17.7 per cent, respectively (Table 3A).
-
As the growth in market value of FDI outpaced that of ODI, the ratio of inward to outward direct investment increased to 6.3 times in March 2022 as compared with 5.6 times a year ago and 4.7 times two years ago (Table 3B).
-
Other investment liabilities {viz., trade credit, loans, currency & deposits and other payable with unrelated (third party) non-resident entities} recorded a rise during 2021-22 and the corresponding overseas assets covered 44.2 per cent of such liabilities (Table 4).
-
Mauritius, the United States, Singapore and the United Kingdom together accounted for over 60 per cent of FDI in India. In case of ODI, Singapore continued to be the most popular destination followed by the United States and Netherlands (Tables 5 and 6).
-
Manufacturing sector attracted the largest share of FDI equity, both at market value as well as at face value (Tables 7 and 8).
-
In the services sector, ‘information & communication’ and ‘financial & insurance activities’ attracted a substantial portion of the FDI (Table 8).
-
Sales and purchases of foreign subsidiary entities in India increased by 31.0 per cent and 37.3 per cent, respectively, in the rupee terms during 2021-22 (Tables 9A and 9B).
-
Foreign subsidiaries in India maintained strong external trade links: exports and imports accounted for nearly a third of their sales and purchases, respectively. ‘Information and communication’ sector had the highest export intensity (74.2 per cent share in total sales) (Tables 9A to 9D).
-
Overseas subsidiaries of Indian companies recorded over 40 per cent expansion in business during 2021-22 in the rupee terms. They also maintained outward looking and their export-to-sales and import-to-purchase ratios stood at 50.1 per cent and 61.5 per cent, respectively, during 2021-22. (Tables 10A to 10D).
-
The difference in the purchase-to-sales ratio of overseas subsidiaries of Indian companies (82.8 per cent) as compared with that of foreign subsidiaries in India (74.0 per cent) reflects the divergence in their focus areas, nature of markets and patterns of value addition.
Rupambara Director (Communications) Press Release: 2022-2023/909
Table 1: Coverage in FLA Census, 2021-22 |
Category |
Types of Entity |
No. of Entities with Direct Investment |
Both Inward & Outward |
Only Inward |
Only Outward |
Total |
1 |
2 |
3 |
4 |
5 |
6 |
Unlisted |
Foreign Associate companies in India |
401 |
4,886 |
- |
5,287 |
Foreign Subsidiary companies in India |
339 |
20,057 |
- |
20,396 |
Alternative Investment Funds |
74 |
236 |
23 |
333 |
LLP1 and Partnership Firms |
2 |
825 |
209 |
1,036 |
Other companies2 |
- |
- |
2,753 |
2,753 |
Total |
816 |
26,004 |
2,985 |
29,805 |
Listed |
Foreign Associate companies in India |
79 |
149 |
- |
228 |
Foreign Subsidiary companies in India |
32 |
77 |
- |
109 |
Other companies |
- |
- |
612 |
612 |
Total |
111 |
226 |
612 |
949 |
Grand Total |
927 |
26,230 |
3,597 |
30,754 |
1 Limited Liabilities Partnership (LLP) 2 Includes entities who have only overseas direct investment |
Table 2A: Foreign Equity Participation of FDI entities – Listed and Unlisted |
(amount in ₹ crore at face value, end-March 2022) |
Category |
Listed (337) |
Unlisted (26,820) |
Total (27,157) |
Amount |
per cent |
Amount |
per cent |
Amount |
1 |
2 |
3 |
4 |
5 |
6 |
Paid-Up Capital |
73,315 |
7.0 |
9,69,620 |
93.0 |
10,42,935 |
of which: Equity Capital |
68,991 |
6.9 |
9,36,898 |
93.1 |
10,05,889 |
of which: FDI Equity Capital |
17,553 |
2.2 |
7,89,707 |
97.8 |
8,07,260 |
Note: 1. Numbers in parenthesis indicate the number of entities in the respective category. 2. Components may not add up to the total due to rounding off (applicable for all tables). |
Table 2B: Foreign Equity Participation of FDI entities – Financial and Non-Financial |
(amount in ₹ crore at face value, end-March 2022) |
Category |
No of Entities |
Paid Up Capital (PUC) |
Total Equity (PUC excluding Non-Participating Preference Share) |
Equity exclusively under FDI scheme |
% share of FDI in Total Equity |
1 |
2 |
3 |
4 |
5 |
6 |
Financial |
1,177 |
1,17,622 |
1,14,735 |
95,054 |
82.8 |
Non-Financial |
25,980 |
9,25,313 |
8,91,154 |
7,12,206 |
79.9 |
Total |
27,157 |
10,42,935 |
10,05,889 |
8,07,260 |
80.3 |
Table 3A: Inward Direct Investment for Listed and Unlisted entities |
(amount in ₹ crore at market value, end-March) |
Direct Investment |
Listed Companies |
Unlisted Companies |
Total |
% Growth (₹ terms) |
2021 |
2022 |
2021 |
2022 |
2021 |
2022 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Equity |
21,44,140 |
25,12,722 |
18,77,842 |
22,17,595 |
40,21,982 |
47,30,317 |
17.6 |
Debt |
7,532 |
3,955 |
1,89,958 |
2,15,572 |
1,97,490 |
2,19,527 |
11.2 |
Total |
21,51,672 |
25,16,677 |
20,67,800 |
24,33,167 |
42,19,472 |
49,49,844 |
17.3 |
Table 3B: Total Inward and Outward Direct Investment |
Direct Investment |
Inward |
Outward |
2021 |
2022 |
2021 |
2022 |
₹ crore |
US$ million |
₹ crore |
US$ million |
₹ crore |
US$ million |
₹ crore |
US$ million |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
Equity |
40,21,982 |
5,47,173 |
47,30,317 |
6,23,994 |
5,66,490 |
77,069 |
6,18,008 |
81,524 |
Debt |
1,97,490 |
26,868 |
2,19,527 |
28,959 |
1,92,164 |
26,143 |
1,72,556 |
22,763 |
Total |
42,19,472 |
5,74,041 |
49,49,844 |
6,52,953 |
7,58,654 |
1,03,212 |
7,90,564 |
1,04,287 |
Note: The amount in US$ terms is arrived at by using year-end rupee/ dollar exchange rate |
Table 4: Other Foreign Liabilities and Assets of Direct Investment Entities |
Other Investment |
Outstanding liabilities with unrelated party |
Outstanding assets with unrelated party |
2021 |
2022 |
2021 |
2022 |
₹ crore |
US$ million |
₹ crore |
US$ million |
₹ crore |
US$ million |
₹ crore |
US$ million |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
Trade Credits |
3,61,885 |
49,233 |
4,85,709 |
64,072 |
2,93,295 |
39,902 |
3,44,586 |
45,456 |
Loans |
7,44,965 |
1,01,349 |
8,17,613 |
1,07,854 |
2,96,039 |
40,275 |
3,31,017 |
43,666 |
Currency & Deposits |
5,20,881 |
70,864 |
5,50,166 |
72,574 |
1,29,760 |
17,653 |
1,26,626 |
16,704 |
Other receivable and payable accounts |
2,37,963 |
32,374 |
2,86,533 |
37,798 |
1,61,615 |
21,987 |
1,43,626 |
18,946 |
Total |
18,65,694 |
2,53,820 |
21,40,021 |
2,82,298 |
8,80,709 |
1,19,817 |
9,45,855 |
1,24,772 |
Table 5: Country-wise distribution of Inward Direct Investment |
(amount in ₹ crore at market value, end-March) |
Country Name |
Equity |
Debt |
Total FDI |
% share in 2021-22 |
2021 |
2022 |
2021 |
2022 |
2021 |
2022 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Mauritius |
6,12,652 |
7,85,649 |
27,613 |
28,002 |
6,40,265 |
8,13,651 |
16.4 |
United States of America |
7,25,433 |
8,07,634 |
-2,776 |
-656 |
7,22,657 |
8,06,978 |
16.3 |
Singapore |
5,31,828 |
7,02,394 |
56,273 |
61,819 |
5,88,101 |
7,64,213 |
15.4 |
United Kingdom |
5,99,249 |
5,89,355 |
6,144 |
8,085 |
6,05,393 |
5,97,440 |
12.1 |
Netherlands |
3,78,484 |
4,32,086 |
38,142 |
41,009 |
4,16,626 |
4,73,095 |
9.6 |
Japan |
3,24,966 |
3,62,347 |
16,268 |
14,683 |
3,41,234 |
3,77,030 |
7.6 |
Switzerland |
2,32,554 |
2,58,924 |
2,984 |
3,107 |
2,35,538 |
2,62,031 |
5.3 |
France |
1,03,783 |
1,64,132 |
4,294 |
3,746 |
1,08,077 |
1,67,878 |
3.4 |
Germany |
1,08,700 |
1,50,833 |
7,615 |
9,431 |
1,16,315 |
1,60,264 |
3.2 |
South Korea |
77,677 |
87,825 |
11,701 |
14,594 |
89,378 |
1,02,419 |
2.1 |
Other Countries |
3,26,656 |
3,89,138 |
29,232 |
35,707 |
3,55,888 |
4,24,845 |
8.6 |
All Countries |
40,21,982 |
47,30,317 |
1,97,490 |
2,19,527 |
42,19,472 |
49,49,844 |
100.0 |
Table 6: Country-wise distribution of Outward Direct Investment |
(amount in ₹ crore at market value, end-March) |
Country Name |
Equity |
Debt |
Total ODI |
% share in 2021-22 |
2021 |
2022 |
2021 |
2022 |
2021 |
2022 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Singapore |
1,28,298 |
1,41,583 |
22,518 |
43,901 |
1,50,816 |
1,85,484 |
23.5 |
United States of America |
59,304 |
79,084 |
68,788 |
28,781 |
1,28,092 |
1,07,865 |
13.6 |
Netherlands |
78,510 |
79,370 |
17,471 |
18,891 |
95,981 |
98,261 |
12.4 |
Mauritius |
65,633 |
58,119 |
23,069 |
23,457 |
88,702 |
81,576 |
10.3 |
United Kingdom |
49,316 |
61,057 |
6,134 |
7,421 |
55,450 |
68,478 |
8.7 |
United Arab Emirates |
38,489 |
43,435 |
14,128 |
15,854 |
52,617 |
59,289 |
7.5 |
Jersey |
25,626 |
29,206 |
109 |
79 |
25,735 |
29,285 |
3.7 |
Switzerland |
20,818 |
19,097 |
7,481 |
8,748 |
28,299 |
27,845 |
3.5 |
Bermuda |
11,550 |
11,619 |
4 |
22 |
11,554 |
11,641 |
1.5 |
Cyprus |
10,652 |
7,901 |
1,844 |
2,007 |
12,496 |
9,908 |
1.3 |
Other Countries |
78,294 |
87,537 |
30,618 |
23,395 |
1,08,912 |
1,10,932 |
14.0 |
All Countries |
5,66,490 |
6,18,008 |
1,92,164 |
1,72,556 |
7,58,654 |
7,90,564 |
100.0 |
Table 7: Activity-wise equity participation of the Direct Investment entities |
(amount in ₹ crore at face value, end-March 2022) |
Activity |
Total Equity (PUC excluding Non-Participating Preference Share) |
Equity exclusively under FDI scheme |
% share of FDI in Total Equity |
1 |
2 |
3 |
4 |
1. Agriculture-related, Plantations & Allied activities |
2,568 |
2,416 |
94.1 |
2. Mining |
4,949 |
3,671 |
74.2 |
3. Manufacturing |
4,00,097 |
3,53,681 |
88.4 |
4. Electricity, gas, steam and air conditioning supply |
65,562 |
43,675 |
66.6 |
5. Water supply; sewerage, waste management and remediation activities |
4,426 |
3,593 |
81.2 |
6. Construction |
37,403 |
28,499 |
76.2 |
7. Information and communication |
1,54,751 |
1,10,149 |
71.2 |
8. Other Services |
3,36,133 |
2,61,576 |
77.8 |
Total |
10,05,889 |
8,07,260 |
80.3 |
Table 8: Activity-wise distribution of 27,157 FDI entities |
(amount in ₹ crore at market value, end-March 2022) |
Activity |
No. of entities |
Equity |
Debt |
Total FDI |
% share of Total FDI |
1 |
2 |
3 |
4 |
5 |
6 |
A. Agriculture-related, Plantations & Allied activities |
143 |
7,906 |
465 |
8,371 |
0.2 |
B. Mining |
142 |
11,659 |
5,420 |
17,079 |
0.3 |
C. Manufacturing |
6,018 |
22,90,776 |
1,18,480 |
24,09,256 |
48.7 |
Manufacture of food products |
280 |
1,75,198 |
5,188 |
1,80,386 |
3.6 |
Manufacture of beverages |
50 |
65,008 |
57 |
65,065 |
1.3 |
Manufacture of tobacco products |
5 |
76,079 |
0 |
76,079 |
1.5 |
Manufacture of textiles |
173 |
6,375 |
925 |
7,300 |
0.1 |
Manufacture of wearing apparel |
82 |
28,142 |
687 |
28,829 |
0.6 |
Manufacture of leather and related products |
35 |
14,226 |
35 |
14,261 |
0.3 |
Manufacture of wood and products of wood and cork, except furniture |
11 |
24 |
35 |
59 |
0.0 |
Manufacture of paper and paper products |
60 |
3,236 |
188 |
3,424 |
0.1 |
Printing and reproduction of recorded media |
27 |
2,106 |
7 |
2,113 |
0.0 |
Manufacture of coke and refined petroleum products |
26 |
45,825 |
143 |
45,968 |
0.9 |
Manufacture of chemicals and chemical products |
430 |
1,86,924 |
6,799 |
1,93,723 |
3.9 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
324 |
1,92,491 |
13,581 |
2,06,072 |
4.2 |
Manufacture of rubber and plastics products |
251 |
34,808 |
2,419 |
37,227 |
0.8 |
Manufacture of other non-metallic mineral products |
69 |
71,836 |
504 |
72,340 |
1.5 |
Manufacture of basic metals |
99 |
1,66,424 |
31,139 |
1,97,563 |
4.0 |
Manufacture of fabricated metal products, except machinery and equipment |
238 |
26,991 |
1,908 |
28,899 |
0.6 |
Manufacture of computer, electronic and optical products |
230 |
92,084 |
10,997 |
1,03,081 |
2.1 |
Manufacture of electrical equipment |
451 |
1,12,121 |
5,741 |
1,17,862 |
2.4 |
Manufacture of machinery and equipment not elsewhere classified |
1,030 |
1,81,797 |
8,822 |
1,90,619 |
3.9 |
Manufacture of motor vehicles, trailers and semi-trailers |
229 |
2,50,968 |
9,329 |
2,60,297 |
5.3 |
Manufacture of other transport equipment |
139 |
39,568 |
1,746 |
41,314 |
0.8 |
Manufacture of furniture |
38 |
1,080 |
91 |
1,171 |
0.0 |
Other manufacturing |
1,528 |
5,11,480 |
17,801 |
5,29,281 |
10.7 |
Repair and installation of machinery and equipment |
213 |
5,985 |
338 |
6,323 |
0.1 |
D. Electricity, gas, steam and air conditioning supply |
730 |
2,17,166 |
15,080 |
2,32,246 |
4.7 |
E. Water supply; sewerage, waste management and remediation activities |
146 |
5,310 |
96 |
5,406 |
0.1 |
F. Construction |
895 |
57,801 |
28,019 |
85,820 |
1.7 |
G. Services |
19,083 |
21,39,699 |
51,967 |
21,91,666 |
44.3 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
2,410 |
99,709 |
11,784 |
1,11,493 |
2.3 |
2. Transportation and storage |
615 |
86,404 |
2,638 |
89,042 |
1.8 |
3. Accommodation and Food service activities |
530 |
33,574 |
3,558 |
37,132 |
0.8 |
4. Information and communication |
7,627 |
9,13,819 |
1,336 |
9,15,155 |
18.5 |
5. Financial and insurance activities |
1,228 |
7,44,055 |
12,491 |
7,56,546 |
15.3 |
6. Real estate activities |
293 |
16,948 |
7,597 |
24,545 |
0.5 |
7. Other Services activities |
6,380 |
2,45,190 |
12,563 |
2,57,753 |
5.1 |
Total |
27,157 |
47,30,317 |
2,19,527 |
49,49,844 |
100.0 |
Table 9A: Activity-wise Sales of 20,505* Foreign subsidiary companies in India |
(amount in ₹ crore at market value, end-March) |
Activity |
No. of Companies |
2020-21 |
2021-22 |
% share in Total (2021-22) |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
59 |
7,599 |
9,049 |
0.2 |
B. Mining |
47 |
1,287 |
1,660 |
0.0 |
C. Manufacturing |
3,761 |
14,78,051 |
19,11,930 |
48.9 |
Manufacture of food products |
154 |
77,275 |
98,624 |
2.5 |
Manufacture of beverages |
16 |
59,444 |
69,049 |
1.8 |
Manufacture of tobacco products |
1 |
81 |
181 |
0.0 |
Manufacture of textiles |
73 |
5,273 |
8,181 |
0.2 |
Manufacture of wearing apparel |
50 |
3,873 |
5,502 |
0.1 |
Manufacture of leather and related products |
19 |
3,733 |
5,746 |
0.1 |
Manufacture of wood and products of wood and cork, except furniture |
5 |
136 |
173 |
0.0 |
Manufacture of paper and paper products |
36 |
8,359 |
12,048 |
0.3 |
Printing and reproduction of recorded media |
14 |
641 |
799 |
0.0 |
Manufacture of coke and refined petroleum products |
13 |
20,090 |
26,545 |
0.7 |
Manufacture of chemicals and chemical products |
278 |
1,26,264 |
1,78,785 |
4.6 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
167 |
70,860 |
78,677 |
2.0 |
Manufacture of rubber and plastics products |
158 |
34,960 |
46,535 |
1.2 |
Manufacture of other non-metallic mineral products |
38 |
20,029 |
25,183 |
0.6 |
Manufacture of basic metals |
53 |
21,749 |
38,268 |
1.0 |
Manufacture of fabricated metal products, except machinery and equipment |
138 |
15,208 |
22,720 |
0.6 |
Manufacture of computer, electronic and optical products |
148 |
2,06,052 |
2,70,268 |
6.9 |
Manufacture of electrical equipment |
315 |
1,02,116 |
1,29,058 |
3.3 |
Manufacture of machinery and equipment not elsewhere classified |
717 |
1,15,431 |
1,47,566 |
3.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
142 |
2,79,620 |
3,51,261 |
9.0 |
Manufacture of other transport equipment |
94 |
44,375 |
58,983 |
1.5 |
Manufacture of furniture |
20 |
1,241 |
1,406 |
0.0 |
Other manufacturing |
954 |
2,49,993 |
3,26,859 |
8.5 |
Repair and installation of machinery and equipment |
158 |
11,248 |
9,513 |
0.2 |
D. Electricity, gas, steam and air conditioning supply |
306 |
22,751 |
27,531 |
0.7 |
E. Water supply; sewerage, waste management and remediation activities |
77 |
4,067 |
5,738 |
0.1 |
F. Construction |
347 |
27,418 |
33,538 |
0.9 |
G. Services |
12,304 |
14,46,566 |
19,23,599 |
49.2 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
1,624 |
3,86,251 |
5,11,023 |
13.1 |
2. Transportation and storage |
357 |
73,022 |
1,11,570 |
2.9 |
3. Accommodation and Food service activities |
196 |
6,414 |
17,354 |
0.4 |
4. Information and communication |
5,489 |
6,79,968 |
8,68,560 |
22.2 |
5. Financial and insurance activities |
375 |
54,689 |
69,873 |
1.8 |
6. Real estate activities |
93 |
10,029 |
11,227 |
0.3 |
7. Other Services activities |
4,170 |
2,36,193 |
3,33,992 |
8.5 |
Total |
16,901 |
29,87,739 |
39,13,045 |
100.0 |
*Of the 20,505 subsidiary companies, 16,901 reported sales. |
Table 9B: Activity-wise Purchase of 20,505* Foreign subsidiary companies in India |
(amount in ₹ crore at market value, end-March) |
Activity |
No. of Companies |
2020-21 |
2021-22 |
% share in Total (2021-22) |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
57 |
5,273 |
6,764 |
0.2 |
B. Mining |
51 |
1,175 |
1,646 |
0.1 |
C. Manufacturing |
3,732 |
11,13,941 |
14,86,907 |
51.3 |
Manufacture of food products |
154 |
57,414 |
75,298 |
2.6 |
Manufacture of beverages |
17 |
33,080 |
37,406 |
1.3 |
Manufacture of tobacco products |
1 |
53 |
129 |
0.0 |
Manufacture of textiles |
75 |
2,866 |
5,004 |
0.2 |
Manufacture of wearing apparel |
52 |
2,321 |
3,641 |
0.1 |
Manufacture of leather and related products |
18 |
1,765 |
3,463 |
0.1 |
Manufacture of wood and products of wood and cork, except furniture |
5 |
93 |
148 |
0.0 |
Manufacture of paper and paper products |
35 |
5,833 |
8,803 |
0.3 |
Printing and reproduction of recorded media |
12 |
175 |
234 |
0.0 |
Manufacture of coke and refined petroleum products |
13 |
15,937 |
22,131 |
0.8 |
Manufacture of chemicals and chemical products |
270 |
91,549 |
1,33,168 |
4.6 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
175 |
46,381 |
48,129 |
1.7 |
Manufacture of rubber and plastics products |
159 |
23,905 |
34,397 |
1.2 |
Manufacture of other non-metallic mineral products |
37 |
13,278 |
17,733 |
0.6 |
Manufacture of basic metals |
56 |
17,773 |
30,273 |
1.0 |
Manufacture of fabricated metal products, except machinery and equipment |
143 |
10,383 |
16,564 |
0.6 |
Manufacture of computer, electronic and optical products |
134 |
1,70,781 |
2,37,469 |
8.2 |
Manufacture of electrical equipment |
314 |
1,03,134 |
1,33,783 |
4.6 |
Manufacture of machinery and equipment not elsewhere classified |
705 |
81,666 |
1,07,817 |
3.7 |
Manufacture of motor vehicles, trailers and semi-trailers |
143 |
2,18,034 |
2,75,219 |
9.5 |
Manufacture of other transport equipment |
93 |
34,091 |
44,689 |
1.5 |
Manufacture of furniture |
22 |
642 |
826 |
0.0 |
Other manufacturing |
947 |
1,79,252 |
2,45,741 |
8.5 |
Repair and installation of machinery and equipment |
152 |
3,535 |
4,842 |
0.2 |
D. Electricity, gas, steam and air conditioning supply |
297 |
17,186 |
20,528 |
0.7 |
E. Water supply; sewerage, waste management and remediation activities |
67 |
2,585 |
4,106 |
0.1 |
F. Construction |
313 |
21,189 |
24,843 |
0.9 |
G. Services |
8,406 |
9,48,756 |
13,52,413 |
46.7 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
1,573 |
3,46,620 |
4,72,854 |
16.3 |
2. Transportation and storage |
309 |
51,064 |
84,203 |
2.9 |
3. Accommodation and Food service activities |
184 |
5,260 |
7,249 |
0.3 |
4. Information and communication |
3,110 |
3,52,917 |
4,59,536 |
15.9 |
5. Financial and insurance activities |
298 |
40,926 |
50,761 |
1.8 |
6. Real estate activities |
110 |
9,352 |
9,869 |
0.3 |
7. Other Services activities |
2,822 |
1,42,617 |
2,67,941 |
9.2 |
Total |
12,923 |
21,10,105 |
28,97,207 |
100.0 |
*Of the 20,505 subsidiary companies, 12,923 reported purchase. |
Table 9C: Activity-wise Export of 20,505* Foreign subsidiary companies in India |
(amount in ₹ crore at market value, end-March) |
Activity |
2020-21 |
2021-22 |
Amount |
% share in Total |
% share in Total sales |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
644 |
757 |
0.1 |
8.4 |
B. Mining |
219 |
330 |
0.0 |
19.9 |
C. Manufacturing |
3,06,807 |
4,11,693 |
31.2 |
21.5 |
Manufacture of food products |
10,281 |
12,720 |
1.0 |
12.9 |
Manufacture of beverages |
662 |
988 |
0.1 |
1.4 |
Manufacture of tobacco products |
81 |
181 |
0.0 |
100.0 |
Manufacture of textiles |
1,718 |
2,783 |
0.2 |
34.0 |
Manufacture of wearing apparel |
1,909 |
2,636 |
0.2 |
47.9 |
Manufacture of leather and related products |
458 |
683 |
0.1 |
11.9 |
Manufacture of wood and products of wood and cork, except furniture |
4 |
6 |
0.0 |
3.5 |
Manufacture of paper and paper products |
1,436 |
2,463 |
0.2 |
20.4 |
Printing and reproduction of recorded media |
75 |
102 |
0.0 |
12.8 |
Manufacture of coke and refined petroleum products |
6,774 |
8,224 |
0.6 |
31.0 |
Manufacture of chemicals and chemical products |
20,546 |
30,169 |
2.3 |
16.9 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
35,920 |
37,800 |
2.9 |
48.0 |
Manufacture of rubber and plastics products |
8,261 |
11,694 |
0.9 |
25.1 |
Manufacture of other non-metallic mineral products |
1,299 |
1,830 |
0.1 |
7.3 |
Manufacture of basic metals |
2,351 |
3,958 |
0.3 |
10.3 |
Manufacture of fabricated metal products, except machinery and equipment |
2,466 |
3,936 |
0.3 |
17.3 |
Manufacture of computer, electronic and optical products |
51,558 |
74,015 |
5.6 |
27.4 |
Manufacture of electrical equipment |
22,262 |
27,934 |
2.1 |
21.6 |
Manufacture of machinery and equipment not elsewhere classified |
28,198 |
39,583 |
3.0 |
26.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
42,860 |
63,442 |
4.8 |
18.1 |
Manufacture of other transport equipment |
12,733 |
17,242 |
1.3 |
29.2 |
Manufacture of furniture |
422 |
602 |
0.0 |
42.8 |
Other manufacturing |
49,858 |
66,047 |
5.0 |
20.2 |
Repair and installation of machinery and equipment |
4,675 |
2,655 |
0.2 |
27.9 |
D. Electricity, gas, steam and air conditioning supply |
1,843 |
2,358 |
0.2 |
8.6 |
E. Water supply; sewerage, waste management and remediation activities |
323 |
420 |
0.0 |
7.3 |
F. Construction |
1,537 |
1,940 |
0.1 |
5.8 |
G. Services |
6,93,786 |
9,02,594 |
68.4 |
46.9 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
29,613 |
43,228 |
3.3 |
8.5 |
2. Transportation and storage |
21,938 |
37,378 |
2.8 |
33.5 |
3. Accommodation and Food service activities |
1,172 |
1,102 |
0.1 |
6.4 |
4. Information and communication |
5,06,176 |
6,44,837 |
48.8 |
74.2 |
5. Financial and insurance activities |
8,946 |
11,018 |
0.8 |
15.8 |
6. Real estate activities |
171 |
218 |
0.0 |
1.9 |
7. Other Services activities |
1,25,770 |
1,64,813 |
12.5 |
49.3 |
Total |
10,05,159 |
13,20,092 |
100.0 |
33.7 |
*Of the 20,505 subsidiary companies, 12,631 reported exports. |
Table 9D: Activity-wise Import of 20,505* Foreign subsidiary companies in India |
(amount in ₹ crore at market value, end-March) |
Activity |
2020-21 |
2021-22 |
Amount |
% share in Total |
% share in Total purchase |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
804 |
1,042 |
0.1 |
15.4 |
B. Mining |
226 |
283 |
0.0 |
17.2 |
C. Manufacturing |
4,84,047 |
6,61,393 |
69.4 |
44.5 |
Manufacture of food products |
16,533 |
26,210 |
2.8 |
34.8 |
Manufacture of beverages |
1,606 |
2,188 |
0.2 |
5.8 |
Manufacture of tobacco products |
22 |
26 |
0.0 |
20.2 |
Manufacture of textiles |
851 |
1,482 |
0.2 |
29.6 |
Manufacture of wearing apparel |
1,016 |
1,464 |
0.2 |
40.2 |
Manufacture of leather and related products |
627 |
787 |
0.1 |
22.7 |
Manufacture of wood and products of wood and cork, except furniture |
58 |
91 |
0.0 |
61.5 |
Manufacture of paper and paper products |
2,069 |
3,471 |
0.4 |
39.4 |
Printing and reproduction of recorded media |
54 |
88 |
0.0 |
37.6 |
Manufacture of coke and refined petroleum products |
5,591 |
7,235 |
0.8 |
32.7 |
Manufacture of chemicals and chemical products |
54,777 |
77,421 |
8.1 |
58.1 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
21,410 |
20,542 |
2.2 |
42.7 |
Manufacture of rubber and plastics products |
9,151 |
13,764 |
1.4 |
40.0 |
Manufacture of other non-metallic mineral products |
2,116 |
3,353 |
0.4 |
18.9 |
Manufacture of basic metals |
6,986 |
13,768 |
1.4 |
45.5 |
Manufacture of fabricated metal products, except machinery and equipment |
2,798 |
5,226 |
0.5 |
31.6 |
Manufacture of computer, electronic and optical products |
1,35,475 |
1,89,033 |
19.8 |
79.6 |
Manufacture of electrical equipment |
33,995 |
46,380 |
4.9 |
34.7 |
Manufacture of machinery and equipment not elsewhere classified |
32,837 |
45,185 |
4.7 |
41.9 |
Manufacture of motor vehicles, trailers and semi-trailers |
44,884 |
61,479 |
6.5 |
22.3 |
Manufacture of other transport equipment |
11,078 |
14,142 |
1.5 |
31.6 |
Manufacture of furniture |
414 |
452 |
0.0 |
54.7 |
Other manufacturing |
97,847 |
1,24,799 |
13.0 |
50.8 |
Repair and installation of machinery and equipment |
1,852 |
2,807 |
0.3 |
58.0 |
D. Electricity, gas, steam and air conditioning supply |
5,704 |
7,454 |
0.8 |
36.3 |
E. Water supply; sewerage, waste management and remediation activities |
268 |
459 |
0.0 |
11.2 |
F. Construction |
1,837 |
2,777 |
0.3 |
11.2 |
G. Services |
2,01,494 |
2,79,520 |
29.3 |
20.7 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
1,16,099 |
1,62,651 |
17.1 |
34.4 |
2. Transportation and storage |
11,970 |
19,870 |
2.1 |
23.6 |
3. Accommodation and Food service activities |
789 |
1,166 |
0.1 |
16.1 |
4. Information and communication |
50,524 |
65,102 |
6.8 |
14.2 |
5. Financial and insurance activities |
3,940 |
5,281 |
0.6 |
10.4 |
6. Real estate activities |
260 |
304 |
0.0 |
3.1 |
7. Other Services activities |
17,912 |
25,146 |
2.6 |
9.4 |
Total |
6,94,380 |
9,52,928 |
100.0 |
32.9 |
*Of the 20,505 subsidiary companies, 7,176 reported imports. |
Table 10A: Activity-wise Sales of 6,448 Overseas Subsidiaries of 3,883 Indian entities |
(amount in ₹ crore at market value, end-March) |
Activity |
No. of Companies |
2020-21 |
2021-22 |
% Share in Total (2021-22) |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
15 |
1,463 |
1,740 |
0.2 |
B. Mining |
69 |
12,358 |
10,744 |
1.3 |
C. Manufacturing |
1,236 |
2,81,788 |
4,03,071 |
50.5 |
Manufacture of food products |
69 |
8,646 |
10,922 |
1.4 |
Manufacture of beverages |
12 |
4,005 |
5,582 |
0.7 |
Manufacture of tobacco products |
6 |
2,599 |
2,972 |
0.4 |
Manufacture of textiles |
55 |
3,156 |
4,694 |
0.6 |
Manufacture of wearing apparel |
29 |
2,581 |
3,888 |
0.5 |
Manufacture of leather and related products |
14 |
4,831 |
9,635 |
1.2 |
Manufacture of wood and products of wood and cork, except furniture |
10 |
210 |
310 |
0.0 |
Manufacture of paper and paper products |
8 |
836 |
1,614 |
0.2 |
Printing and reproduction of recorded media |
4 |
57 |
67 |
0.0 |
Manufacture of coke and refined petroleum products |
12 |
57,331 |
1,15,192 |
14.4 |
Manufacture of chemicals and chemical products |
130 |
29,289 |
45,726 |
5.7 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
171 |
55,544 |
57,235 |
7.2 |
Manufacture of rubber and plastics products |
58 |
4,116 |
4,965 |
0.6 |
Manufacture of other non-metallic mineral products |
15 |
1,478 |
1,768 |
0.2 |
Manufacture of basic metals |
32 |
6,525 |
9,281 |
1.2 |
Manufacture of fabricated metal products, except machinery and equipment |
40 |
6,886 |
14,296 |
1.8 |
Manufacture of computer, electronic and optical products |
22 |
5,084 |
5,536 |
0.7 |
Manufacture of electrical equipment |
43 |
1,894 |
2,566 |
0.3 |
Manufacture of machinery and equipment not elsewhere classified |
117 |
5,555 |
6,059 |
0.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
29 |
27,093 |
28,537 |
3.6 |
Manufacture of other transport equipment |
12 |
2,120 |
2,769 |
0.3 |
Manufacture of furniture |
4 |
443 |
515 |
0.1 |
Other manufacturing |
335 |
51,416 |
68,841 |
8.6 |
Repair and installation of machinery and equipment |
9 |
93 |
101 |
0.0 |
D. Electricity, gas, steam and air conditioning supply |
42 |
174 |
710 |
0.1 |
E. Water supply; sewerage, waste management and remediation activities |
8 |
211 |
239 |
0.0 |
F. Construction |
86 |
6,652 |
6,556 |
0.8 |
G. Services |
2,427 |
2,64,829 |
3,75,266 |
47.1 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
354 |
46,315 |
58,725 |
7.4 |
2. Transportation and storage |
99 |
13,995 |
24,382 |
3.1 |
3. Accommodation and Food service activities |
75 |
1,364 |
1,942 |
0.2 |
4. Information and communication |
964 |
1,57,879 |
2,03,069 |
25.4 |
5. Financial and insurance activities |
206 |
11,541 |
13,374 |
1.7 |
6. Real estate activities |
62 |
247 |
437 |
0.1 |
7. Other Services activities |
667 |
33,488 |
73,337 |
9.2 |
Total |
3,883 |
5,67,475 |
7,98,326 |
100.0 |
Table 10B: Activity-wise Purchase of 6,448 Overseas Subsidiaries of 3,883 Indian entities |
(amount in ₹ crore at market value, end-March) |
Activity |
No. of Companies |
2020-21 |
2021-22 |
% Share in Total (2021-22) |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
15 |
1,149 |
1,322 |
0.2 |
B. Mining |
69 |
10,315 |
8,083 |
1.2 |
C. Manufacturing |
1,236 |
2,37,350 |
3,63,780 |
55.0 |
Manufacture of food products |
69 |
7,470 |
9,973 |
1.5 |
Manufacture of beverages |
12 |
1,577 |
5,096 |
0.8 |
Manufacture of tobacco products |
6 |
813 |
870 |
0.1 |
Manufacture of textiles |
55 |
2,034 |
8,812 |
1.3 |
Manufacture of wearing apparel |
29 |
2,346 |
3,735 |
0.6 |
Manufacture of leather and related products |
14 |
4,113 |
8,480 |
1.3 |
Manufacture of wood and products of wood and cork, except furniture |
10 |
171 |
253 |
0.0 |
Manufacture of paper and paper products |
8 |
686 |
1,195 |
0.2 |
Printing and reproduction of recorded media |
4 |
44 |
52 |
0.0 |
Manufacture of coke and refined petroleum products |
12 |
54,821 |
1,12,033 |
16.9 |
Manufacture of chemicals and chemical products |
130 |
24,497 |
40,922 |
6.2 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
171 |
43,365 |
43,718 |
6.6 |
Manufacture of rubber and plastics products |
58 |
2,984 |
3,831 |
0.6 |
Manufacture of other non-metallic mineral products |
15 |
685 |
1,445 |
0.2 |
Manufacture of basic metals |
32 |
6,201 |
8,251 |
1.2 |
Manufacture of fabricated metal products, except machinery and equipment |
40 |
5,705 |
12,333 |
1.9 |
Manufacture of computer, electronic and optical products |
22 |
4,452 |
4,582 |
0.7 |
Manufacture of electrical equipment |
43 |
1,523 |
1,941 |
0.3 |
Manufacture of machinery and equipment not elsewhere classified. |
117 |
3,521 |
3,648 |
0.6 |
Manufacture of motor vehicles, trailers and semi-trailers |
29 |
29,850 |
34,414 |
5.3 |
Manufacture of other transport equipment |
12 |
1,479 |
2,046 |
0.3 |
Manufacture of furniture |
4 |
251 |
301 |
0.0 |
Other manufacturing |
335 |
38,714 |
55,799 |
8.4 |
Repair and installation of machinery and equipment |
9 |
48 |
50 |
0.0 |
D. Electricity, gas, steam and air conditioning supply |
42 |
216 |
589 |
0.2 |
E. Water supply; sewerage, waste management and remediation activities |
8 |
216 |
211 |
0.0 |
F. Construction |
86 |
5,174 |
6,090 |
0.9 |
G. Services |
2,427 |
1,92,731 |
2,81,071 |
42.5 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
354 |
40,162 |
53,370 |
8.1 |
2. Transportation and storage |
99 |
12,555 |
22,060 |
3.3 |
3. Accommodation and Food service activities |
75 |
901 |
2,141 |
0.3 |
4. Information and communication |
964 |
1,02,709 |
1,31,938 |
20.0 |
5. Financial and insurance activities |
206 |
8,212 |
7,560 |
1.1 |
6. Real estate activities |
62 |
257 |
240 |
0.0 |
7. Other Services activities |
667 |
27,935 |
63,762 |
9.6 |
Total |
3,883 |
4,47,151 |
6,61,146 |
100.0 |
Table 10C: Activity-wise Exports of 6,448 Overseas Subsidiaries of 3,883 Indian entities |
(amount in ₹ crore at market value, end-March) |
Activity |
2020-21 |
2021-22 |
Amount |
Amount |
% share in total |
% share in sales |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
599 |
1,054 |
0.3 |
60.6 |
B. Mining |
8,733 |
5,049 |
1.3 |
47.0 |
C. Manufacturing |
1,32,797 |
2,23,963 |
56.0 |
55.6 |
Manufacture of food products |
5,149 |
6,235 |
1.6 |
57.1 |
Manufacture of beverages |
685 |
782 |
0.2 |
14.0 |
Manufacture of tobacco products |
347 |
236 |
0.1 |
7.9 |
Manufacture of textiles |
2,282 |
2,920 |
0.7 |
62.2 |
Manufacture of wearing apparel |
1,892 |
3,592 |
0.9 |
92.4 |
Manufacture of leather and related products |
4,163 |
8,936 |
2.2 |
92.7 |
Manufacture of wood and products of wood and cork, except furniture |
191 |
292 |
0.1 |
94.2 |
Manufacture of paper and paper products |
597 |
1,191 |
0.3 |
73.8 |
Printing and reproduction of recorded media |
37 |
50 |
0.0 |
74.6 |
Manufacture of coke and refined petroleum products |
53,791 |
1,10,353 |
27.6 |
95.8 |
Manufacture of chemicals and chemical products |
14,549 |
25,270 |
6.3 |
55.3 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
17,003 |
15,242 |
3.8 |
26.6 |
Manufacture of rubber and plastics products |
1,417 |
1,424 |
0.4 |
28.7 |
Manufacture of other non-metallic mineral products |
397 |
617 |
0.2 |
34.9 |
Manufacture of basic metals |
111 |
233 |
0.1 |
2.5 |
Manufacture of fabricated metal products, except machinery and equipment |
3,171 |
7,976 |
2.0 |
55.8 |
Manufacture of computer, electronic and optical products |
4,197 |
4,346 |
1.1 |
78.5 |
Manufacture of electrical equipment |
799 |
1,167 |
0.3 |
45.5 |
Manufacture of machinery and equipment not elsewhere classified |
1,790 |
2,116 |
0.5 |
34.9 |
Manufacture of motor vehicles, trailers and semi-trailers |
5,363 |
7,700 |
1.9 |
27.0 |
Manufacture of other transport equipment |
847 |
1,000 |
0.2 |
36.1 |
Manufacture of furniture |
32 |
42 |
0.0 |
8.2 |
Other manufacturing |
13,987 |
22,241 |
5.5 |
32.3 |
Repair and installation of machinery and equipment |
0 |
2 |
0.0 |
2.0 |
D. Electricity, gas, steam and air conditioning supply |
89 |
115 |
0.0 |
16.2 |
E. Water supply; sewerage, waste management and remediation activities |
18 |
41 |
0.0 |
17.2 |
F. Construction |
3,658 |
2,632 |
0.7 |
40.1 |
G. Services |
1,05,711 |
1,67,325 |
41.7 |
44.6 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
31,769 |
41,960 |
10.5 |
71.5 |
2. Transportation and storage |
9,646 |
14,389 |
3.6 |
59.0 |
3. Accommodation and Food service activities |
413 |
641 |
0.2 |
33.0 |
4. Information and communication |
38,801 |
50,848 |
12.7 |
25.0 |
5. Financial and insurance activities |
3,172 |
3,331 |
0.7 |
24.9 |
6. Real estate activities |
205 |
251 |
0.1 |
57.4 |
7. Other Services activities |
21,705 |
55,905 |
13.9 |
76.2 |
Total |
2,51,605 |
4,00,179 |
100.0 |
50.1 |
Table 10D: Activity-wise Imports of 6,448 Overseas Subsidiaries of 3,883 Indian entities |
(amount in ₹ crore at market value, end-March) |
Activity |
2020-21 |
2021-22 |
Amount |
Amount |
% share in total |
% share in purchase |
1 |
2 |
3 |
4 |
5 |
A. Agriculture-related, Plantations & Allied activities |
860 |
1,171 |
0.3 |
88.6 |
B. Mining |
7,415 |
4,190 |
1.0 |
51.8 |
C. Manufacturing |
1,61,472 |
2,52,667 |
62.2 |
69.5 |
Manufacture of food products |
4,330 |
4,160 |
1.0 |
41.7 |
Manufacture of beverages |
561 |
1,083 |
0.3 |
21.3 |
Manufacture of tobacco products |
495 |
379 |
0.1 |
43.6 |
Manufacture of textiles |
1,659 |
2,819 |
0.7 |
32.0 |
Manufacture of wearing apparel |
836 |
554 |
0.1 |
14.8 |
Manufacture of leather and related products |
3,005 |
8,263 |
2.0 |
97.4 |
Manufacture of wood and products of wood and cork, except furniture |
128 |
196 |
0.0 |
77.5 |
Manufacture of paper and paper products |
204 |
260 |
0.1 |
21.8 |
Printing and reproduction of recorded media |
39 |
48 |
0.0 |
92.3 |
Manufacture of coke and refined petroleum products |
54,217 |
1,10,913 |
27.3 |
99.0 |
Manufacture of chemicals and chemical products |
16,744 |
27,936 |
6.9 |
68.3 |
Manufacture of pharmaceuticals, medicinal chemical and botanical products |
35,342 |
32,897 |
8.1 |
75.2 |
Manufacture of rubber and plastics products |
2,130 |
3,058 |
0.8 |
79.8 |
Manufacture of other non-metallic mineral products |
141 |
188 |
0.0 |
13.0 |
Manufacture of basic metals |
5,128 |
7,048 |
1.7 |
85.4 |
Manufacture of fabricated metal products, except machinery and equipment |
3,230 |
5,072 |
1.2 |
41.1 |
Manufacture of computer, electronic and optical products |
4,061 |
4,051 |
1.0 |
88.4 |
Manufacture of electrical equipment |
965 |
1,325 |
0.3 |
68.3 |
Manufacture of machinery and equipment not elsewhere classified |
1,937 |
1,925 |
0.5 |
52.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
5,175 |
6,387 |
1.6 |
18.6 |
Manufacture of other transport equipment |
955 |
1,501 |
0.4 |
73.4 |
Manufacture of furniture |
215 |
261 |
0.1 |
86.7 |
Other manufacturing |
19,967 |
32,333 |
8.0 |
57.9 |
Repair and installation of machinery and equipment |
8 |
10 |
0.0 |
20.0 |
D. Electricity, gas, steam and air conditioning supply |
66 |
97 |
0.0 |
16.5 |
E. Water supply; sewerage, waste management and remediation activities |
7 |
20 |
0.0 |
9.5 |
F. Construction |
2,553 |
2,099 |
0.5 |
34.5 |
G. Services |
97,663 |
1,46,348 |
36.0 |
52.1 |
1. Wholesale and retail trade; repair of motor vehicles and motorcycles |
28,900 |
37,625 |
9.3 |
70.5 |
2. Transportation and storage |
3,631 |
5,223 |
1.3 |
23.7 |
3. Accommodation and Food service activities |
237 |
369 |
0.1 |
17.2 |
4. Information and communication |
40,459 |
45,396 |
11.2 |
34.4 |
5. Financial and insurance activities |
2,583 |
2,684 |
0.7 |
35.5 |
6. Real estate activities |
134 |
162 |
0.0 |
67.5 |
7. Other Services activities |
21,719 |
54,889 |
13.4 |
86.1 |
Total |
2,70,036 |
4,06,592 |
100.0 |
61.5 |
|