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44A. Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals

(US $ million)

Purpose

2004–05

2005–06

2006–07

2007–08

2008–09

2009–10

1

2

3

4

5

6

7

1.Deposit

9.1

23.2

19.7

24.0

30.4

37.4

2.Purchase of immovable property

0.5

1.9

8.5

39.5

55.9

47.6

3.Investment in equity/debt

20.7

144.7

151.4

206.5

4.Gift

7.4

70.3

133.0

159.9

5.Donations

0.1

1.6

1.4

5.3

6.Travel

17.4

7.Maintenance of close relatives

170.9

8.Medical Treatment

18.3

9.Studies Abroad

217.8

10.Others**

16.4

160.4

436.0

101.8

Total (1 to 10)

9.6

25.0

72.8

440.5

808.1

983.0


(US $ million)

Purpose

2009-10

April

May

June

July

August

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

March

1

2

3

4

5

6

7

8

9

10

11

12

13

1. Deposit

2.3

2.8

3.2

1.9

1.7

3.0

2.7

2.0

3.6

1.9

3.3

9.0

2. Purchase of immovable property

4.2

3.8

3.4

2.5

4.7

3.7

2.9

2.9

3.6

3.2

2.1

10.6

3. Investment in equity/debt

12.6

12.2

14.8

10.7

15.4

12.6

20.2

12.8

16.6

10.4

16.0

52.2

4. Gift

13.6

11.7

13.7

13.0

11.2

11.5

12.6

11.7

12.3

11.9

14.7

22.0

5. Donations

0.1

0.2

0.6

0.1

0.2

0.4

2.3

0.2

0.1

0.6

0.2

0.3

6. Travel

1.4

1.5

1.1

2.5

1.2

2.3

1.8

1.8

0.6

0.8

0.8

1.6

7. Maintenance of close relatives

10.5

10.0

8.8

9.7

13.3

10.8

19.5

16.5

17.6

15.9

13.4

24.9

8. Medical Treatment

1.3

2.3

2.4

2.3

1.6

1.9

1.6

1.4

1.0

0.9

0.7

0.9

9. Studies Abroad

6.1

6.8

89.3

12.7

21.0

18.5

7.7

11.0

10.6

13.9

11.2

9.0

10. Others **

6.0

6.4

7.6

9.5

8.5

7.5

6.2

5.5

6.7

10.2

8.5

19.2

Total ( 1 to 10)

58.1

57.7

145.0

64.9

78.8

72.2

77.5

65.8

72.7

69.7

70.9

149.7


(US$ million)

Purpose

2010-11

April

May

June

July

August

September

October

November

December

January

1

2

3

4

5

6

7

8

9

10

11

1. Deposit

3.6

2.5

2.3

1.5

1.3

0.8

2.9

1.7

1.6

1.1

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

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

4. Gift

24.5

16.6

16.5

15.1

19.2

15.8

23.1

23.1

29.3

15.1

5. Donations

0.5

0.1

0.2

0.1

0.4

0.3

0.3

0.1

0.2

6. Travel

1.6

1.5

1.2

2.2

2.6

1.3

1.3

1.2

1.1

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

8. Medical Treatment

0.8

0.6

0.7

0.7

0.5

0.4

0.3

0.6

0.6

0.04

9. Studies Abroad

7.7

9.6

6.9

13.0

18.6

23.9

12.6

10.4

11.7

13.1

10. Others **

11.7

12.2

10.1

7.6

9.5

7.3

8.3

12.0

14.0

10.1

Total ( 1 to 10)

141.2

90.2

77.1

76.9

94.7

84.2

99.3

81.7

119.7

73.7

- 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 financialyear (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 toUS $ 2, 00,000 per financial year in September 2007.

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