COUNTRY NAME: INDIA IFS CODE: 534
INTERNATIONAL INVESTMENT POSITION:
EXTERNAL ASSETS AND LIABILITIES
AT END OF MARCH 2008
UNITS: Crores REPORTING CURRENCY: INR

Period

Mar-06(R)

Mar-07(PR)

Mar-08(P)

International Investment Position, net

-267,483.43

-270,053.53

-212,432.15

A. Assets

821,594.31

1,072,488.11

1,524,728.05

1. Direct Investment Abroad

70,925.11

128,223.14

184,708.11

1.1 Equity Capital and Reinvested Earnings

62,196.38

114,683.19

159,442.19

1.1.1 Claims on Affiliated Enterprises

62,196.38

114,683.19

159,442.19

1.1.2 Liabilities to Affiliated Enterprises (-)

1.2 Other Capital

8,728.73

13,539.95

25,265.92

1.2.1 Claims on Affiliated Enterprises

8,728.73

13,539.95

25,265.92

1.2.2 Liabilities to Affiliated Enterprises (-)

2. Portfolio Investment

5,513.75

4,053.41

2,909.09

2.1 Equity Securities

3,398.92

2,278.51

2,550.22

2.1.1 Monetary Authorities

2.1.2 General Government

2.1.3 Banks

1,975.00

1,466.00

1,432.00

2.1.4 Other Sectors $

1,423.92

812.51

1,118.22

2.2 Debt Securities

2,114.83

1,774.90

358.87

2.2.1 Bonds and Notes

2,042.83

1,694.90

317.87

2.2.1.1 Monetary Authorities

2.2.1.2 General Government

2.2.1.3 Banks

2,007.00

1,681.00

293.00

2.2.1.4 Other Sectors $

35.83

13.90

24.87

2.2.2 Money-market Instruments

72.00

80.00

41.00

2.2.2.1 Monetary Authorities

2.2.2.2 General Government

2.2.2.3 Banks

72.00

80.00

41.00

2.2.2.4 Other Sectors

3. Financial Derivatives

3.1 Monetary Authorities

3.2 General government

3.3 Banks

3.4 Other sectors

4. Other Investment

68,768.45

71,989.56

99,145.85

4.1 Trade Credits

-1,186.50

2,688.00

3,369.00

4.1.1 General Government

4.1.1.1 Long-term

4.1.1.2 Short-term

4.1.2 Other Sectors

-1,186.50

2,688.00

3,369.00

4.1.2.1 Long-term

4.1.2.2 Short-term

-1,186.50

2,688.00

3,369.00

4.2 Loans

10,949.76

13,747.46

42,041.17

4.2.1 Monetary Authorities

4.2.1.1 Long-term

4.2.1.2 Short-term

4.2.2 General Government

3,724.31

3,766.72

3,785.04

4.2.2.1 Long-term

3,724.31

3,766.72

3,785.04

4.2.2.2 Short-term

4.2.3 Banks

5,680.09

8,021.78

36,503.97

4.2.3.1 Long-term

5,680.09

8,021.78

36,503.97

4.2.3.2 Short-term

4.2.4 Other Sectors

1,545.36

1,958.96

1,752.16

4.2.4.1 Long-term $

1,545.36

1,958.96

1,752.16

4.2.4.2 Short-term

4.3 Currency and Deposits

43,678.58

37,113.79

32,919.58

4.3.1 Monetary Authorities

4.3.2 General Government

13.52

21.83

5.80

4.3.3 Banks

39,257.79

30,687.52

27,507.92

4.3.4 Other Sectors $

4,407.27

6,404.44

5,405.86

4.4 Other Assets

15,326.61

18,440.31

20,816.10

4.4.1 Monetary Authorities

4.4.1.1 Long-term

4.4.1.2 Short-term

4.4.2 General Government

3,161.14

3,163.56

2,959.67

4.4.2.1 Long-term

3,161.14

3,163.56

2,959.67

4.4.2.2 Short-term

4.4.3 Banks

8,041.93

11,120.78

13,716.67

4.4.3.1 Long-term

8,041.93

11,120.78

13,716.67

4.4.3.2 Short-term

4.4.4 Other Sectors

4,123.54

4,155.97

4,139.76

4.4.4.1 Long-term $

4,123.54

4,155.97

4,139.76

4.4.4.2 Short-term

5. Reserve Assets

676,387.00

868,222.00

1,237,965.00

5.1 Monetary Gold

25,674.00

29,573.00

40,124.00

5.2 Special Drawing Rights

12.00

8.00

74.00

5.3 Reserve Position in the Fund

3,374.00

2,044.00

1,744.00

5.4 Foreign Exchange

647,327.00

836,597.00

1,196,023.00

5.4.1 Currency and Deposits

490,425.00

605,587.15

782,057.47

5.4.1.1 With Monetary Authorities

291,745.00

401,790.83

758,011.50

5.4.1.2 With Banks

198,680.00

203,796.33

24,045.97

5.4.2 Securities

156,902.00

231,009.56

413,965.53

5.4.2.1 Equities

5.4.2.2 Bonds and Notes

5.4.2.3 Money-market Instruments

5.4.3 Financial Derivatives (net)

5.5 Other Claims

B. Liabilities

1,089,077.74

1,342,541.64

1,737,160.20

1. Direct Investment in Reporting economy

233,598.89

332,412.17

461,886.03

1.1 Equity Capital and Reinvested Earnings $$

218,867.60

315,865.60

444,356.60

1.1.1 Claims on Direct Investors (-)

1.1.2 Liabilities to Direct Investors

218,867.60

315,865.60

444,356.60

1.2 Other Capital

14,731.29

16,546.57

17,529.43

1.2.1 Claims on Direct Investors (-)

1.2.2 Liabilities to Direct Investors $$$

14,731.29

16,546.57

17,529.43

2. Portfolio Investment

286,710.92

346,353.72

477,615.06

2.1 Equity Securities

244,182.00

275,812.00

392,966.00

2.1.1 Banks @@

2.1.2 Other Sectors $$

244,182.00

275,812.00

392,966.00

2.2 Debt securities

42,528.92

70,541.72

84,649.06

2.2.1 Bonds and notes

41,604.35

68,509.15

81,745.49

2.2.1.1 Monetary Authorities

2.2.1.2 General Government

492.35

473.15

317.49

2.2.1.3 Banks #

2,378.48

2,332.23

2,337.89

2.2.1.4 Other Sectors ##

38,733.52

65,703.77

79,090.11

2.2.2 Money-market Instruments

924.57

2,032.57

2,903.57

2.2.2.1 Monetary Authorities

2.2.2.2 General Government

924.57

2,032.57

2,903.57

2.2.2.3 Banks

2.2.2.4 Other Sectors

3. Financial Derivatives

3.1 Monetary Authorities

3.2 General Government

3.3 Banks

3.4 Other Sectors

4. Other Investment

568,767.93

663,775.75

797,659.11

4.1 Trade Credits

94,618.00

120,889.00

182,773.00

4.1.1 General Government

4,736.00

4,679.00

5,141.00

4.1.1.1 Long-term

4,736.00

4,679.00

5,141.00

4.1.1.2 Short-term

4.1.2 Other Sectors

89,882.00

116,210.00

177,632.00

4.1.2.1 Long-term

3,351.00

2,934.00

3,050.00

4.1.2.2 Short-term*

86,531.00

113,276.00

174,582.00

4.2 Loans

303,224.71

352,703.43

425,559.57

4.2.1 Monetary Authorities

4.2.1.1 Use of Fund Credit & loans from the fund

4.2.1.2 Other Long-term

4.2.1.3 Short-term

4.2.2 General Government

197,577.00

204,041.00

211,140.00

4.2.2.1 Long-term

197,577.00

204,041.00

211,140.00

4.2.2.2 Short-term

4.2.3 Banks

6,678.00

6,728.00

6,574.00

4.2.3.1 Long-term

6,678.00

6,728.00

6,574.00

4.2.3.2 Short-term

4.2.4 Other Sectors

98,969.71

141,934.43

207,845.57

4.2.4.1 Long-term**

98,969.71

141,934.43

207,845.57

4.2.4.2 Short-term

4.3 Currency and Deposits

166,409.87

184,396.04

179,082.03

4.3.1 Monetary Authorities

4,575.87

4,608.04

4,459.03

4.3.2 General government

4.3.3 Banks @

161,834.00

179,788.00

174,623.00

4.3.4 Other sectors

4.4 Other Liabilities

4,515.35

5,787.28

10,244.51

4.4.1 Monetary Authorities

4.4.1.1 Long-term

4.4.1.2 Short-term

4.4.2 General Government

4.4.2.1 Long-term

4.4.2.2 Short-term

4.4.3 Banks

311.97

1,208.79

5,853.57

4.4.3.1 Long-term

4.4.3.2 Short-term

311.97

1,208.79

5,853.57

4.4.4 Other sectors

4,203.38

4,578.49

4,390.94

4.4.4.1 Long-term

4.4.4.2 Short-term $

4,203.38

4,578.49

4,390.94

R : Data are Revised
PR : Data are Partially Revised.
P : Data 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.
# : Include India Millennium Deposits which was matured & redeemed on December 29, 2005.
@ : Include accrued interest; also includes the flow of the discontinued NRNR rupee deposits and NRO deposits
* : Suppliers Credit upto 180 days are 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.
Note: NRO deposits are included under NRI deposits from the quarter ending June 2005.
Supplier's Credits upto 180 days and
FII investment in short term debt instruments are included under short term debt from the quarter ending March 2005.