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

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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
Purpose	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
Purpose	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.