INTERNATIONAL INVESTMENT POSITION: EXTERNAL ASSETS AND LIABILITIES AT END OF MARCH

UNITS:Millions REPORTING CURRENCY: USD

Period

2002 PR

2003 PR

2004PR

2005P

USD

8995.Z

International Investment Position, net

-69,120.28

-60,394.39

-47,009.47

-40,876.76

8995CZ

A. Assets

73,616.66

95,590.69

137,121.41

169,255.18

8505.Z

1. Direct Investment Abroad

4,006.35

5,825.35

7,079.35

9,568.35

8506..

1.1 Equity Capital and Reinvested Earnings

3,811.50

5,526.50

6,700.50

8,808.50

8507..

1.1.1 Claims on Affiliated Enterprises

3,811.50

5,526.50

6,700.50

8,808.50

8508..

1.1.2 Liabilities to Affiliated Enterprises (-)

8530..

1.2 Other Capital

194.85

298.85

378.85

759.85

8535..

1.2.1 Claims on Affiliated Enterprises

194.85

298.85

378.85

759.85

8540..

1.2.2 Liabilities to Affiliated Enterprises (-)

8602.Z

2. Portfolio Investment

653.31

782.25

757.38

805.56

8610..

2.1 Equity Securities

339.00

374.00

396.00

396.00

8611..

2.1.1 Monetary Authorities

8612..

2.1.2 General Government

8613..

2.1.3 Banks

96.31

91.07

149.61

211.63

8614..

2.1.4 Other Sectors $

242.69

282.93

246.39

184.37

8619..

2.2 Debt Securities

314.31

408.25

361.38

409.56

8620..

2.2.1 Bonds and Notes

235.42

326.22

280.36

368.42

8621..

2.2.1.1 Monetary Authorities

8622..

2.2.1.2 General Government

8623..

2.2.1.3 Banks

116.19

133.98

116.47

182.61

8624..

2.2.1.4 Other Sectors $

119.23

192.24

163.89

185.81

8630..

2.2.2 Money-market Instruments

78.89

82.03

81.02

41.14

8631..

2.2.2.1 Monetary Authorities

8632..

2.2.2.2 General Government

8633..

2.2.2.3 Banks

78.89

82.03

81.02

41.14

8634..

2.2.2.4 Other Sectors

8900.Z

3. Financial Derivatives

8901..

3.1 Monetary Authorities

8902..

3.2 General government

8903..

3.3 Banks

8904..

3.4 Other sectors

8703.Z

4. Other Investment

14,241.00

12,883.09

16,325.68

17,367.27

8706..

4.1 Trade Credits

752.59

1,096.72

1,896.50

3,935.50

8707..

4.1.1 General Government

8708..

4.1.1.1 Long-term

8709..

4.1.1.2 Short-term

8710..

4.1.2 Other Sectors

752.59

1,096.72

1,896.50

3,935.50

8711..

4.1.2.1 Long-term

8712..

4.1.2.2 Short-term

752.59

1,096.72

1,896.50

3,935.50

8714..

4.2 Loans

2,202.17

1,411.63

1,743.17

1,841.67

8715..

4.2.1 Monetary Authorities

8717..

4.2.1.1 Long-term

8718..

4.2.1.2 Short-term

8719..

4.2.2 General Government

368.24

527.71

691.29

792.92

8720..

4.2.2.1 Long-term

368.24

527.71

691.29

792.92

8721..

4.2.2.2 Short-term

8722..

4.2.3 Banks

1,602.36

661.67

800.30

790.49

8723..

4.2.3.1 Long-term

1,602.36

661.67

800.30

790.49

8724..

4.2.3.2 Short-term

8725..

4.2.4 Other Sectors

231.57

222.25

251.58

258.26

8726..

4.2.4.1 Long-term $

231.57

222.25

251.58

258.26

8727..

4.2.4.2 Short-term

8730..

4.3 Currency and Deposits

8,752.10

7,517.44

9,548.12

8,303.41

8731..

4.3.1 Monetary Authorities

8732..

4.3.2 General Government

5.78

4.40

5.23

3.72

8733..

4.3.3 Banks

8,054.68

6,821.40

8,793.90

7,552.07

8734..

4.3.4 Other Sectors $

691.64

691.64

748.99

747.62

8736..

4.4 Other Assets

2,534.14

2,857.30

3,137.89

3,286.69

8737..

4.4.1 Monetary Authorities

8738..

4.4.1.1 Long-term

8739..

4.4.1.2 Short-term

8740..

4.4.2 General Government

686.84

694.85

716.44

726.42

8741..

4.4.2.1 Long-term

686.84

694.85

716.44

726.42

8742..

4.4.2.2 Short-term

8743..

4.4.3 Banks

1,129.06

1,372.45

1,499.59

1,673.29

8744..

4.4.3.1 Long-term

1,129.06

1,372.45

1,499.59

1,673.29

8745..

4.4.3.2 Short-term

8746..

4.4.4 Other Sectors

718.24

790.00

921.86

886.98

8747..

4.4.4.1 Long-term $

718.24

790.00

921.86

886.98

8748..

4.4.4.2 Short-term

8802.Z

5. Reserve Assets

54,716.00

76,100.00

112,959.00

141,514.00

8812..

5.1 Monetary Gold

3,047.00

3,534.00

4,198.00

4,500.00

8811..

5.2 Special Drawing Rights

10.00

4.00

2.00

5.00

8810..

5.3 Reserve Position in the Fund

610.00

672.00

1,311.00

1,438.00

8803..

5.4 Foreign Exchange

51,049.00

71,890.00

107,448.00

135,571.00

8808..

5.4.1 Currency and Deposits

37,074.00

44,961.00

72,424.00

98,752.00

8808A.

5.4.1.1 With Monetary Authorities

30,928.00

33,463.00

45,877.00

65,127.00

8808B.

5.4.1.2 With Banks

6,146.00

11,498.00

26,547.00

33,625.00

8806..

5.4.2 Securities

13,975.00

26,929.00

35,024.00

36,819.00

8806S.

5.4.2.1 Equities

8806T.

5.4.2.2 Bonds and Notes

8806U.

5.4.2.3 Money-market Instruments

8814A.

5.4.3 Financial Derivatives (net)

8813..

5.5 Other Claims

2002 PR

2003 PR

2004P

2005P

8995DZ

B. Liabilities

142,736.94

155,985.08

184,130.88

210,131.94

8555.Z

1. Direct Investment in Reporting economy

25,418.77

31,221.07

39,104.06

44,510.71

8556..

1.1 Equity Capital and Reinvested Earnings $$

23,751.76

29,065.01

36,229.39

41,291.42

8557..

1.1.1 Claims on Direct Investors (-)

8558..

1.1.2 Liabilities to Direct Investors

23,751.76

29,065.01

36,229.39

41,291.42

8580..

1.2 Other Capital

1,667.01

2,156.06

2,874.67

3,219.29

8585..

1.2.1 Claims on Direct Investors (-)

8590..

1.2.2 Liabilities to Direct Investors $$$

1,667.01

2,156.06

2,874.67

3,219.29

8652.Z

2. Portfolio Investment

31,539.21

32,409.34

43,723.27

55,467.34

8660..

2.1 Equity Securities

18,613.32

20,087.92

33,953.27

42,767.91

8663..

2.1.1 Banks @@

0.00

0.00

0.00

0.00

8664..

2.1.2 Other Sectors $$

18,613.32

20,087.92

33,953.27

42,767.91

8669..

2.2 Debt securities

12,925.89

12,321.42

9,770.00

12,699.43

8670..

2.2.1 Bonds and notes

12,925.89

12,321.42

9,770.00

12,699.43

8671..

2.2.1.1 Monetary Authorities

8672..

2.2.1.2 General Government

168.89

185.42

191.00

158.43

8673..

2.2.1.3 Banks #

9,956.00

9,699.00

5,600.00

5,596.00

8674..

2.2.1.4 Other Sectors ##

2,801.00

2,437.00

3,979.00

6,945.00

8680..

2.2.2 Money-market Instruments

0.00

0.00

0.00

0.00

8681..

2.2.2.1 Monetary Authorities

8682..

2.2.2.2 General Government

0.00

0.00

0.00

0.00

8683..

2.2.2.3 Banks

8684..

2.2.2.4 Other Sectors

8905.Z

3. Financial Derivatives

0.00

8906..

3.1 Monetary Authorities

8907..

3.2 General Government

8908..

3.3 Banks

8909..

3.4 Other Sectors

8753.Z

4. Other Investment

85,778.96

92,354.67

101,303.55

110,153.89

8756..

4.1 Trade Credits

3,834.00

4,761.00

6,275.00

9,560.00

8757..

4.1.1 General Government

988.00

1,091.00

1,122.00

1,131.00

8758..

4.1.1.1 Long-term

988.00

1,091.00

1,122.00

1,131.00

8759..

4.1.1.2 Short-term

8760..

4.1.2 Other Sectors

2,846.00

3,670.00

5,153.00

8,429.00

8761..

4.1.2.1 Long-term

1,069.00

1,063.00

1,026.00

905.00

8762..

4.1.2.2 Short-term*

1,777.00

2,607.00

4,127.00

7,524.00

8764..

4.2 Loans

62,718.00

61,103.00

61,903.00

65,876.00

8765..

4.2.1 Monetary Authorities

0.00

0.00

0.00

0.00

8766..

4.2.1.1 Use of Fund Credit & loans from the fund

0.00

0.00

0.00

0.00

8767..

4.2.1.2 Other Long-term

8768..

4.2.1.3 Short-term

8769..

4.2.2 General Government

42,872.00

42,753.00

42,535.00

44,510.00

8770..

4.2.2.1 Long-term

42,872.00

42,753.00

42,535.00

44,510.00

8771..

4.2.2.2 Short-term

8772..

4.2.3 Banks

2,060.00

2,020.00

2,040.00

1,937.00

8773..

4.2.3.1 Long-term

2,060.00

2,020.00

2,040.00

1,937.00

8774..

4.2.3.2 Short-term

8775..

4.2.4 Other Sectors

17,786.00

16,330.00

17,328.00

19,429.00

8776..

4.2.4.1 Long-term**

17,786.00

16,330.00

17,328.00

19,429.00

8777..

4.2.4.2 Short-term

8780..

4.3 Currency and Deposits

18,508.45

25,568.46

32,181.02

33,496.96

8781..

4.3.1 Monetary Authorities

386.45

446.46

661.02

897.96

8782..

4.3.2 General government

8783..

4.3.3 Banks @

18,122.00

25,122.00

31,520.00

32,599.00

8784..

4.3.4 Other sectors

8786..

4.4 Other Liabilities

718.51

922.21

944.53

1,220.93

8787..

4.4.1 Monetary Authorities

8788..

4.4.1.1 Long-term

8789..

4.4.1.2 Short-term

8790..

4.4.2 General Government

8791..

4.4.2.1 Long-term

8792..

4.4.2.2 Short-term

8793..

4.4.3 Banks

15.23

22.56

15.31

164.14

8794..

4.4.3.1 Long-term

8795..

4.4.3.2 Short-term

15.23

22.56

15.31

164.14

8796..

4.4.4 Other sectors

703.28

899.65

929.22

1,056.79

8797..

4.4.4.1 Long-term

8798..

4.4.4.2 Short-term $

703.28

899.65

929.22

1,056.79

PR : Data are Partially Revised.

P : Data as on End-March 2005 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.

# :India Millennium Deposits etc.

@ : Include accrued interest; also includes the flow of the discontinued NRNR rupee deposit

* : Suppliers Credit upto 180 days are not included.

** : Includes Buyers' Credit. Loan transactions between direct investor & direct investment enterprises are treated as other capital.

## : Include Foreign Currency Convertible Bonds.

@@: Equity Investments in Banks by Non-residents included under FDI.