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Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2024-25

Today, the Reserve Bank released the provisional results of the 2024-251 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the Indian entities {viz., companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms} with inward/outward direct investment (DI).

Out of the 45,702 entities which responded in the latest census, 41,517 reported foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheet for March 2025. Of these entities, 33,637 had also reported in the previous census round and 7,880 have newly reported in the current round. Over 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 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) trade parameters (viz., activity sector, sales, purchase, exports, and imports), in addition to identification particulars of a reporting entity. 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:

  • More than 97 per cent of the responding DI entities were unlisted in March 2025 and that captured most of the FDI equity capital in India (Tables 1 and 2A).

  • Non-financial companies held 90.5 per cent of the FDI equity at face value (Table 2B).

  • The market value of total FDI in unlisted2 companies surpassed that in listed companies as at end-March 2025 (Table 3A).

  • In terms of market value, the growth of ODI (17.9 per cent) outpaced the growth of FDI (11.1 per cent) in India, in rupee terms during 2024-25. As a result, the ratio of inward to outward DI stood at 5.9 times in March 2025 as compared to 6.3 time a year ago (Table 3B).

  • Other investment liabilities {viz., trade credit, loans, currency and deposits, and other payable with unrelated (third party) non-resident entities} recorded a growth of 7.2 per cent during 2024-25 in the US dollar terms. Their corresponding assets also recorded a growth of 12.5 per cent during the year and covered 46.8 per cent of such liabilities (Table 4).

  • The United States and Singapore together accounted for over one-third of the FDI in India; other top sources included Mauritius, the United Kingdom and Netherlands. In case of ODI also, Singapore, the United States and the United Kingdom were the top destinations (Tables 5 and 6).

  • Manufacturing sector accounted for the highest share of total FDI equity capital at market value (48.4 per cent) as well as at face value (37.8 per cent) (Tables 7 and 8).

  • The services sector was the second highest shareholder in total FDI equity capital at market value. Within services sector, more than 73 per cent of the FDI was received by ‘information and communication’ and ‘financial and insurance activities’ (Table 8).

(Brij Raj)               
Chief General Manager

Press Release: 2025-2026/1408


Table 1: Coverage in FLA Census, 2024-25
Category Types of Entity Number of Entities with Direct Investment
Both Inward and Outward Only Inward Only Outward Total
1 2 3 4 5 6
Unlisted Foreign Associate companies in India 536 5,698 -   6,234
Foreign Subsidiary companies in India 466 25,682 -   26,148
Alternative Investment Funds 112 518 21 651
LLP1 and Partnership Firms 9 1,110 774 1,893
Other companies2 -   -   5,403 5,403
Total 1,123 33,008 6,198 40,329
Listed Foreign Associate companies in India 104 142 - 246
Foreign Subsidiary companies in India 39 82 - 121
Other companies -   -   821 821
Total 143 224 821 1,188
Grand Total 1,266 33,232 7,019    41,517
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 2025)
Category Listed Unlisted Total
(367) (34,131) (34,498)
Amount per cent Amount per cent Amount
1 2 3 4 5 6
Paid-Up Capital 53,627 4.2 12,21,104 95.8 12,74,731
   of which: Equity Capital 53,279 4.3 11,96,078 95.7 12,49,357
      of which: FDI Equity Capital 20,668 2.0 10,01,437 98.0 10,22,105
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 2025)
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 1,581 1,25,318 1,18,837 93,082 78.3
Non-Financial 32,917 11,49,413 11,30,520 9,29,023 82.2
Total 34,498 12,74,731 12,49,357 10,22,105 81.8
 
Table 3A: Inward Direct Investment for Listed and Unlisted entities
(amount in ₹ crore at market value, end-March)
Direct Investment Listed Entities Unlisted Entities Total % Growth
(₹ terms)
2024 2025 2024 2025 2024 2025
1 2 3 4 5 6 7 8
Equity 29,74,602 30,50,370 30,08,426 36,06,653 59,83,028 66,57,023 11.3
Debt 10,831 9,856 1,94,384 2,09,052 2,05,215 2,18,908 6.7
Total 29,85,433 30,60,226 32,02,810 38,15,705 61,88,243 68,75,931 11.1
 
Table 3B: Total Inward and Outward Direct Investment
(amount at market value, end-March)
Direct Investment Inward Outward
2024 2025 2024 2025
₹ crore US$ million ₹ crore US$ million ₹ crore US$ million ₹ crore US$ million
1 2 3 4 5 6 7 8 9
Equity 59,83,028 7,17,614 66,57,023 7,77,859 8,69,682 1,04,311 9,90,996 1,15,796
Debt 2,05,215 24,614 2,18,908 25,579 1,19,964 14,389 1,75,794 20,541
Total 61,88,243 7,42,228 68,75,931 8,03,438 9,89,646 1,18,700 11,66,790 1,36,337
Note: The amount in US$ terms is arrived at by using financial year-end rupee/ dollar exchange rate
 
Table 4: Other Foreign Liabilities and Assets of Direct Investment Entities
(amount at market value, end-March)
Other Investment Outstanding liabilities with unrelated party Outstanding assets with unrelated party
2024 2025 2024 2025
₹ crore US$ million ₹ crore US$ million ₹ crore US$ million ₹ crore US$ million
1 2 3 4 5 6 7 8 9
Trade Credits 4,17,529 50,079 4,14,835 48,473 4,63,927 55,644 5,10,374 59,636
Loans 11,63,061 1,39,499 13,21,009 1,54,357 3,76,228 45,125 4,25,471 49,715
Currency & Deposits 8,42,062 1,00,998 9,97,490 1,16,555 1,65,723 19,877 2,29,374 26,802
Other receivable and payable accounts 3,22,999 38,741 2,88,279 33,685 2,19,774 26,360 2,49,966 29,208
Total 27,45,651 3,29,317 30,21,613 3,53,070 12,25,652 1,47,006 14,15,185 1,65,361
 
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 2024-25
2024 2025 2024 2025 2024 2025
1 2 3 4 5 6 7 8
United States of America 11,39,283 13,66,278 462 9,359 11,39,745 13,75,638 20.0
Singapore 8,19,660 9,11,011 71,707 68,931 8,91,366 9,79,942 14.3
Mauritius 8,50,798 8,96,931 16,687 15,023 8,67,485 9,11,954 13.3
United Kingdom 7,15,091 7,63,388 6,134 4,987 7,21,224 7,68,375 11.2
Netherlands 5,62,030 6,08,313 9,415 13,012 5,71,446 6,21,326 9.0
Japan 5,19,780 5,58,380 16,433 17,967 5,36,213 5,76,348 8.4
Switzerland 3,98,284 3,85,041 5,698 7,971 4,03,983 3,93,012 5.7
Germany 2,21,392 2,39,147 13,575 10,318 2,34,967 2,49,465 3.6
France 1,42,394 1,60,833 3,815 7,022 1,46,209 1,67,855 2.4
South Korea 87,101 1,15,331 13,503 11,327 1,00,604 1,26,659 1.8
Other Countries 5,27,215 6,52,370 47,786 52,991 5,75,001 7,05,357 10.3
All Countries 59,83,028 66,57,023 2,05,215 2,18,908 61,88,243 68,75,931 100.0
 
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 2024-25
2024 2025 2024 2025 2024 2025
1 2 3 4 5 6 7 8
Singapore 2,06,243 2,41,063 28,054 18,095 2,34,297 2,59,158 22.2
United States of America 1,05,586 1,30,441 38,850 49,112 1,44,435 1,79,553 15.4
United Kingdom 1,23,983 1,28,872 18,817 20,406 1,42,800 1,49,278 12.8
Netherlands 94,883 1,00,733 9,795 11,602 1,04,678 1,12,334 9.6
United Arab Emirates 74,341 82,750 -39,596 17,393 34,745 1,00,143 8.6
Mauritius 65,554 77,922 18,593 8,909 84,147 86,831 7.4
Switzerland 23,831 36,535 13,215 12,375 37,046 48,910 4.2
China 11,975 13,124 -42 84 11,934 13,208 1.1
Jersey 11,154 11,780 96 122 11,250 11,902 1.0
Germany 5,527 6,502 3,936 5,130 9,463 11,632 1.0
Other Countries 1,46,605 1,61,274 28,246 32,566 1,74,851 1,93,841 16.7
All Countries 8,69,682 9,90,996 1,19,964 1,75,794 9,89,646 11,66,790 100.0
 
Table 7: Activity-wise equity participation of the Direct Investment entities
(amount in ₹ crore at face value, end-March 2025)
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 and Allied activities 3,439 3,244 94.3
2. Mining 1,753 1,509 86.0
3. Manufacturing 4,71,848 4,06,455 86.1
4. Electricity, gas, steam, and air conditioning supply 81,759 61,928 75.7
5. Water supply; sewerage, waste management and remediation activities 5,281 4,325 81.9
6. Construction 61,443 47,928 78.0
7. Information and communication 1,87,900 1,66,521 88.6
8. Other Services 4,35,933 3,30,195 75.7
Total 12,49,357 10,22,105 81.8
 
Table 8: Activity-wise distribution of FDI in 34,498 entities
(amount in ₹ crore at market value, end-March 2025)
Activity No. of entities Equity Debt Total FDI % share in Total FDI
1 2 3 4 5 6
A. Agriculture related, Plantations and Allied activities 167 10,002 353 10,355 0.2
B. Mining 149 7,991 581 8,572 0.1
C. Manufacturing 7,292 32,23,693 90,356 33,14,049 48.2
Manufacture of food products 313 2,26,840 6,334 2,33,174 3.4
Manufacture of beverages 49 1,02,640 717 1,03,357 1.5
Manufacture of tobacco products 6 1,14,088 - 1,14,088 1.7
Manufacture of textiles 209 7,474 1,057 8,531 0.1
Manufacture of wearing apparel 111 15,397 177 15,574 0.2
Manufacture of leather and related products 58 9,009 252 9,261 0.1
Manufacture of wood and products of wood and cork, except furniture 14 - 29 29 -
Manufacture of paper and paper products 82 4,572 210 4,782 0.1
Printing and reproduction of recorded media 26 627 1 628 -
Manufacture of coke and refined petroleum products 35 88,321 184 88,505 1.3
Manufacture of chemicals and chemical products 533 2,40,760 10,269 2,51,029 3.7
Manufacture of pharmaceuticals, medicinal chemical and botanical products 372 2,28,544 4,139 2,32,683 3.4
Manufacture of rubber and plastics products 310 49,751 2,284 52,035 0.8
Manufacture of other non-metallic mineral products 76 30,367 1,077 31,444 0.5
Manufacture of basic metals 151 2,11,319 5,350 2,16,669 3.2
Manufacture of fabricated metal products, except machinery and equipment 308 28,684 4,101 32,785 0.5
Manufacture of computer, electronic and optical products 264 1,29,374 7,675 1,37,049 2.0
Manufacture of electrical equipment 559 2,64,365 4,370 2,68,735 3.9
Manufacture of machinery and equipment not elsewhere classified 1,265 3,47,061 11,772 3,58,833 5.2
Manufacture of motor vehicles, trailers and semi-trailers 233 3,42,283 9,019 3,51,302 5.1
Manufacture of other transport equipment 160 55,120 2,580 57,700 0.8
Manufacture of furniture 52 2,186 15 2,201 -
Repair and installation of machinery and equipment 238 12,076 -61 12,015 0.2
Other manufacturing 1,868 7,12,835 18,805 7,31,640 10.5
D. Electricity, gas, steam and air conditioning supply 920 1,74,307 23,178 1,97,485 2.9
E. Water supply; sewerage, waste management and remediation activities 162 6,818 484 7,302 0.1
F. Construction 926 1,44,875 37,546 1,82,421 2.7
G. Services 24,882 30,89,337 66,410 31,55,747 45.8
Wholesale and retail trade; repair of motor vehicles and motorcycles 2,883 2,06,375 20,732 2,27,107 3.3
Transportation and storage 771 81,834 13,453 95,287 1.4
Accommodation and Food service activities 645 62,245 1,470 63,715 0.9
Information and communication 10,162 11,72,093 -2,765 11,69,328 17.0
Financial and insurance activities 1,651 10,91,231 4,499 10,95,730 15.9
Real estate activities 364 21,448 8,291 29,739 0.4
Other service activities 8,406 4,54,111 20,730 4,74,841 6.9
Total 34,498 66,57,023 2,18,908 68,75,931 100.0
 
Table 9A: Activity-wise Sales of 26,269* Foreign subsidiary companies in India
(amount in ₹ crore at market value, end-March)
Activity No. of entities 2023-24 2024-25 % share in Total (2024-25)
1 2 3 4 5
A. Agriculture-related, Plantations and Allied activities 88 9,541 10,237 0.2
B. Mining 73 2,647 3,300 0.1
C. Manufacturing 5,006 25,79,884 27,52,373 45.2
Manufacture of food products 193 1,16,730 1,28,060 2.1
Manufacture of beverages 27 97,876 1,04,306 1.7
Manufacture of tobacco products 1 185 246 -
Manufacture of textiles 106 9,644 11,830 0.2
Manufacture of wearing apparel 69 5,979 6,220 0.1
Manufacture of leather and related products 33 6,400 6,592 0.1
Manufacture of wood and products of wood and cork, except furniture 9 298 319 -
Manufacture of paper and paper products 49 14,230 14,245 0.2
Printing and reproduction of recorded media 18 1,549 1,845 -
Manufacture of coke and refined petroleum products 17 33,850 35,169 0.6
Manufacture of chemicals and chemical products 373 2,22,510 2,32,631 3.8
Manufacture of pharmaceuticals, medicinal chemical and botanical products 234 93,361 96,609 1.6
Manufacture of rubber and plastics products 226 70,522 75,080 1.2
Manufacture of other non-metallic mineral products 49 12,399 13,187 0.2
Manufacture of basic metals 89 1,10,598 1,00,821 1.7
Manufacture of fabricated metal products, except machinery and equipment 214 38,195 42,985 0.7
Manufacture of computer, electronic and optical products 180 2,97,011 3,30,772 5.4
Manufacture of electrical equipment 431 1,92,949 2,09,636 3.5
Manufacture of machinery and equipment not elsewhere classified 922 2,37,318 2,60,370 4.3
Manufacture of motor vehicles, trailers and semi-trailers 152 4,75,367 5,00,029 8.2
Manufacture of other transport equipment 115 78,098 92,749 1.5
Manufacture of furniture 28 4,086 4,767 0.1
Repair and installation of machinery and equipment 198 17,261 21,664 0.4
Other manufacturing 1,273 4,43,468 4,62,241 7.6
D. Electricity, gas, steam and air conditioning supply 640 47,135 50,667 0.8
E. Water supply; sewerage, waste management and remediation activities 104 7,680 8,629 0.1
F. Construction 492 43,392 50,077 0.8
G. Services 18,777 28,50,438 32,12,453 52.8
Wholesale and retail trade; repair of motor vehicles and motorcycles 2,145 6,50,721 7,51,068 12.3
Transportation and storage 555 1,14,227 1,40,179 2.3
Accommodation and Food service activities 321 21,901 24,235 0.4
Information and communication 8,508 14,14,635 15,41,022 25.3
Financial and insurance activities 526 1,39,102 1,71,793 2.8
Real estate activities 191 17,821 21,578 0.4
Other service activities 6,531 4,92,031 5,62,578 9.3
Total 25,180 55,40,717 60,87,736 100.0
* Of the 26,269 subsidiaries, 25,180 reported sales.
 
Table 9B: Activity-wise Purchase of 26,269* Foreign subsidiary companies in India
(amount in ₹ crore at market value, end-March)
Activity No. of entities 2023-24 2024-25 % share in Total (2024-25)
1 2 3 4 5
A. Agriculture-related, Plantations and Allied activities 47 6,323 6,530 0.2
B. Mining 26 600 1,056 -
C. Manufacturing 4,111 18,51,062 19,91,177 50.4
Manufacture of food products 124 82,180 93,697 2.4
Manufacture of beverages 20 38,664 45,085 1.1
Manufacture of tobacco products 1 1 3 0
Manufacture of textiles 76 6,060 9,270 0.2
Manufacture of wearing apparel 36 3,988 4,453 0.1
Manufacture of leather and related products 27 3,507 3,443 0.1
Manufacture of wood and products of wood and cork, except furniture 9 166 199 -
Manufacture of paper and paper products 43 8,815 9,955 0.3
Printing and reproduction of recorded media 10 336 1,520 -
Manufacture of coke and refined petroleum products 15 26,051 27,880 0.7
Manufacture of chemicals and chemical products 309 1,53,882 1,53,633 3.9
Manufacture of pharmaceuticals, medicinal chemical and botanical products 182 55,119 57,604 1.5
Manufacture of rubber and plastics products 195 48,014 52,164 1.3
Manufacture of other non-metallic mineral products 42 6,450 6,809 0.2
Manufacture of basic metals 69 79,261 79,371 2.0
Manufacture of fabricated metal products, except machinery and equipment 181 21,581 25,778 0.7
Manufacture of computer, electronic and optical products 143 2,61,842 2,87,876 7.3
Manufacture of electrical equipment 372 1,32,463 1,45,813 3.7
Manufacture of machinery and equipment not elsewhere classified 787 1,64,128 1,84,256 4.7
Manufacture of motor vehicles, trailers and semi-trailers 131 3,76,153 4,00,381 10.1
Manufacture of other transport equipment 106 64,621 67,884 1.7
Manufacture of furniture 19 2,865 3,551 0.1
Repair and installation of machinery and equipment 154 9,260 9,881 0.2
Other manufacturing 1,060 3,05,655 3,20,671 8.1
D. Electricity, gas, steam, and air conditioning supply 253 30,941 31,057 0.8
E. Water supply; sewerage, waste management and remediation activities 59 2,643 2,746 0.1
F. Construction 184 21,161 24,756 0.6
G. Services 8,173 16,70,850 18,93,736 47.9
Wholesale and retail trade; repair of motor vehicles and motorcycles 1,662 5,38,224 6,25,847 15.8
Transportation and storage 311 74,510 91,127 2.3
Accommodation and Food service activities 115 15,435 16,884 0.4
Information and communication 3,044 7,01,241 7,79,863 19.7
Financial and insurance activities 228 78,385 86,353 2.2
Real estate activities 73 12,529 14,825 0.4
Other service activities 2,740 2,50,526 2,78,837 7.1
Total 12,853 35,83,580 39,51,058 100.0
*Of the 26,269 subsidiaries, 12,853 reported purchases.
 
Table 9C: Activity-wise Export of 26,269* Foreign subsidiary companies in India
(amount in ₹ crore at market value, end-March)
Activity 2023-24 2024-25
Amount % share in Total % share in Total sales
1 2 3 4 5
A. Agriculture-related, Plantations & Allied activities 1,221 1,180 0.1 11.5
B. Mining 348 312 - 9.4
C. Manufacturing 5,32,311 5,63,236 25.8 20.5
Manufacture of food products 18,794 19,245 0.9 15.0
Manufacture of beverages 1,308 1,535 0.1 1.5
Manufacture of tobacco products 184 246 - 100.0
Manufacture of textiles 2,962 3,583 0.2 30.3
Manufacture of wearing apparel 3,095 3,421 0.2 55.0
Manufacture of leather and related products 996 1,019 - 15.5
Manufacture of wood and products of wood and cork, except furniture 30 26 - 8.3
Manufacture of paper and paper products 2,203 2,612 0.1 18.3
Printing and reproduction of recorded media 943 1,141 0.1 61.9
Manufacture of coke and refined petroleum products 13,732 12,516 0.6 35.6
Manufacture of chemicals and chemical products 35,734 40,159 1.8 17.3
Manufacture of pharmaceuticals, medicinal chemical and botanical products 42,872 41,106 1.9 42.5
Manufacture of rubber and plastics products 14,715 15,808 0.7 21.1
Manufacture of other non-metallic mineral products 2,025 2,059 0.1 15.6
Manufacture of basic metals 16,508 6,771 0.3 6.7
Manufacture of fabricated metal products, except machinery and equipment 6,619 7,963 0.4 18.5
Manufacture of computer, electronic and optical products 69,572 77,231 3.5 23.3
Manufacture of electrical equipment 44,192 43,931 2.0 21.0
Manufacture of machinery and equipment not elsewhere classified 60,004 64,751 3.0 24.9
Manufacture of motor vehicles, trailers and semi-trailers 79,636 86,853 4.0 17.4
Manufacture of other transport equipment 20,163 24,929 1.1 26.9
Manufacture of furniture 694 817 - 17.1
Repair and installation of machinery and equipment 5,119 5,868 0.3 27.1
Other manufacturing 90,211 99,646 4.5 21.6
D. Electricity, gas, steam and air conditioning supply 3,625 4,008 0.2 7.9
E. Water supply; sewerage, waste management and remediation activities 595 1,359 0.1 15.8
F. Construction 4,258 6,101 0.3 12.2
G. Services 14,14,267 16,06,139 73.5 50.0
Wholesale and retail trade; repair of motor vehicles and motorcycles 60,448 78,173 3.6 10.4
Transportation and storage 17,846 24,282 1.1 17.3
Accommodation and Food service activities 3,107 3,448 0.2 14.2
Information and communication 10,39,829 11,59,637 53.1 75.3
Financial and insurance activities 15,541 18,441 0.8 10.7
Real estate activities 637 669 - 3.1
Other Services activities 2,76,859 3,21,489 14.7 57.1
Total 19,56,625 21,82,335 100.0 35.8
*Of the 26,269 subsidiary companies, 18,043 reported exports.
 
Table 9D: Activity-wise Import of 26,269* Foreign subsidiary companies in India
   (amount in ₹ crore at market value, end-March)
Activity 2023-24 2024-25
Amount % share in Total % share in Total purchase
1 2 3 4 5
A. Agriculture-related, Plantations & Allied activities 1,480 1,565 0.1 24.0
B. Mining 231 668 0.1 63.2
C. Manufacturing 7,69,007 8,41,261 65.3 42.2
Manufacture of food products 32,185 35,888 2.8 38.3
Manufacture of beverages 3,390 4,012 0.3 8.9
Manufacture of tobacco products 1 3 - 100.0
Manufacture of textiles 2,350 2,736 0.2 29.5
Manufacture of wearing apparel 1,245 1,528 0.1 34.3
Manufacture of leather and related products 1,059 986 0.1 28.6
Manufacture of wood and products of wood and cork, except furniture 129 149 - 74.5
Manufacture of paper and paper products 3,359 4,173 0.3 41.9
Printing and reproduction of recorded media 272 464 - 30.5
Manufacture of coke and refined petroleum products 9,209 10,963 0.9 39.3
Manufacture of chemicals and chemical products 79,132 82,057 6.4 53.4
Manufacture of pharmaceuticals, medicinal chemical and botanical products 22,262 25,355 2.0 44.0
Manufacture of rubber and plastics products 17,490 18,517 1.4 35.5
Manufacture of other non-metallic mineral products 3,132 3,041 0.2 44.7
Manufacture of basic metals 36,676 36,390 2.8 45.8
Manufacture of fabricated metal products, except machinery and equipment 8,579 10,928 0.9 42.4
Manufacture of computer, electronic and optical products 1,62,328 2,02,715 15.7 70.4
Manufacture of electrical equipment 61,244 66,522 5.2 45.6
Manufacture of machinery and equipment not elsewhere classified 67,433 76,338 5.9 41.4
Manufacture of motor vehicles, trailers and semi-trailers 69,737 67,562 5.3 16.9
Manufacture of other transport equipment 20,603 19,849 1.5 29.2
Manufacture of furniture 992 1,265 0.1 35.6
Repair and installation of machinery and equipment 5,175 5,548 12.8 56.1
Other manufacturing 1,61,025 1,64,272 0.4 51.2
D. Electricity, gas, steam and air conditioning supply 11,539 9,512 0.7 30.6
E. Water supply; sewerage, waste management and remediation activities 521 455 - 16.6
F. Construction 3,790 5,010 0.4 20.2
G. Services 4,02,094 4,29,636 33.4 22.7
Wholesale and retail trade; repair of motor vehicles and motorcycles 1,76,874 1,98,420 15.4 31.7
Transportation and storage 15,197 16,426 1.3 18.0
Accommodation and Food service activities 1,945 1,742 0.1 10.3
Information and communication 1,52,806 1,51,627 11.8 19.4
Financial and insurance activities 8,491 11,076 0.9 12.8
Real estate activities 445 508 - 3.4
Other Services activities 46,336 49,837 3.9 17.9
Total 11,88,662 12,88,107 100.0 32.6
*Of the 26,269 subsidiary companies, 9,868 reported imports.
 
Table 10A: Activity-wise Sales of 9,767 Overseas Subsidiaries of 6,117 Indian entities
(amount in ₹ crore at market value, end-March)
Activity No. of entities 2023-24 2024-25 % share in total (2024-25)
1 2 3 4 5
A. Agriculture-related, Plantations and Allied activities 26 2,747 3,600 0.3
B. Mining 52 16,092 16,702 1.2
C. Manufacturing 1,945 8,46,229 8,32,104 61.1
Manufacture of food products 89 11,663 13,711 1.0
Manufacture of beverages 19 9,461 9,354 0.7
Manufacture of tobacco products 3 3,121 3,306 0.2
Manufacture of textiles 75 4,383 5,617 0.4
Manufacture of wearing apparel 39 6,163 6,253 0.5
Manufacture of leather and related products 22 11,019 13,280 1.0
Manufacture of wood and products of wood and cork, except furniture 6 130 124 -
Manufacture of paper and paper products 10 1,011 1,378 0.1
Printing and reproduction of recorded media 9 85 86 -
Manufacture of coke and refined petroleum products 18 5,06,492 4,82,942 35.5
Manufacture of chemicals and chemical products 206 37,642 40,439 3.0
Manufacture of pharmaceuticals, medicinal chemical and botanical products 328 80,868 90,710 6.7
Manufacture of rubber and plastics products 85 6,660 7,928 0.6
Manufacture of other non-metallic mineral products 26 3,833 3,891 0.3
Manufacture of basic metals 37 41,573 30,034 2.2
Manufacture of fabricated metal products, except machinery and equipment 56 12,182 9,740 0.7
Manufacture of computer, electronic and optical products 41 3,337 2,299 0.2
Manufacture of electrical equipment 87 3,720 4,468 0.3
Manufacture of machinery and equipment not elsewhere classified 209 11,360 13,409 1.0
Manufacture of motor vehicles, trailers and semi-trailers 44 14,985 16,703 1.2
Manufacture of other transport equipment 13 3,062 3,639 0.3
Manufacture of furniture 8 688 504 -
Repair and installation of machinery and equipment 7 60 73 -
Other manufacturing 508 72,731 72,216 5.2
D. Electricity, gas, steam and air conditioning supply 29 1,355 3,936 0.3
E. Water supply; sewerage, waste management and remediation activities 14 329 381 -
F. Construction 74 17,047 27,047 2.0
G. Services 4,041 4,38,617 4,78,437 35.1
Wholesale and retail trade; repair of motor vehicles and motorcycles 489 68,617 70,614 5.2
Transportation and storage 185 22,273 30,298 2.2
Accommodation and Food service activities 71 2,874 3,435 0.3
Information and communication 1,999 2,68,659 2,93,651 21.6
Financial and insurance activities 189 24,932 21,814 1.6
Real estate activities 32 443 363 -
Other service activities 1,076 50,819 58,262 4.2
Total 6,181 13,22,416 13,62,207 100.0
Of the 9,767 overseas subsidiaries, 6,181 reported sales
 
Table 10B: Activity-wise Purchase of 9,767 Overseas Subsidiaries of 6,117 Indian entities
(amount in ₹ crore at market value, end-March)
Activity  No. of entities 2023-24 2024-25 % share in total (2024-25)
1 2 3 4 5
A. Agriculture-related, Plantations and Allied activities 27 2,321 3,179 0.3
B. Mining 62 10,607 10,726 0.9
C. Manufacturing 1,991 7,56,002 7,45,519 64.9
Manufacture of food products 97 10,162 14,156 1.2
Manufacture of beverages 19 4,144 4,467 0.4
Manufacture of tobacco products 3 457 701 0.1
Manufacture of textiles 81 2,967 4,687 0.4
Manufacture of wearing apparel 39 5,398 5,793 0.5
Manufacture of leather and related products 22 9,584 12,324 1.1
Manufacture of wood and products of wood and cork, except furniture 7 111 104 -
Manufacture of paper and paper products 11 834 1,211 0.1
Printing and reproduction of recorded media 7 73 54 -
Manufacture of coke and refined petroleum products 14 4,89,914 4,62,017 40.2
Manufacture of chemicals and chemical products 206 31,393 34,651 3.0
Manufacture of pharmaceuticals, medicinal chemical and botanical products 346 61,914 74,090 6.5
Manufacture of rubber and plastics products 89 5,247 5,918 0.5
Manufacture of other non-metallic mineral products 26 3,161 2,314 0.2
Manufacture of basic metals 36 32,167 23,945 2.1
Manufacture of fabricated metal products, except machinery and equipment 62 9,346 7,473 0.7
Manufacture of computer, electronic and optical products 44 2,716 2,273 0.2
Manufacture of electrical equipment 85 2,768 5,374 0.5
Manufacture of machinery and equipment not elsewhere classified 209 7,515 8,522 0.7
Manufacture of motor vehicles, trailers and semi-trailers 54 13,586 14,015 1.2
Manufacture of other transport equipment 16 1,833 2,405 0.2
Manufacture of furniture 11 427 312 -
Repair and installation of machinery and equipment 7 28 47 -
Other manufacturing 500 60,257 58,666 5.1
D. Electricity, gas, steam and air conditioning supply 38 1,039 3,213 0.3
E. Water supply; sewerage, waste management and remediation activities 11 250 332 -
F. Construction 90 15,567 24,604 2.2
G. Services 3,651 3,37,586 3,61,201 31.4
Wholesale and retail trade; repair of motor vehicles and motorcycles 498 63,880 64,492 5.6
Transportation and storage 186 20,575 26,819 2.3
Accommodation and Food service activities 68 2,751 2,879 0.3
Information and communication 1,733 1,94,862 2,05,402 17.9
Financial and insurance activities 176 13,998 11,621 1.0
Real estate activities 53 290 328 -
Other service activities 937 41,230 49,660 4.3
Total 5,870 11,23,372 11,48,774 100.0
*Of the 9,767 overseas subsidiary companies, 5,870 reported purchases.
 
Table 10C: Activity-wise Exports of 9,767 Overseas Subsidiaries of 6,117 Indian entities
(amount in ₹ crore at market value, end-March)
Activity 2023-24 2024-25
Amount Amount % share in total % share in sales
1 2 3 4 5
A. Agriculture-related, Plantations & Allied activities 780 1,547 0.2 43
B. Mining 5,853 6,788 0.8 40.6
C. Manufacturing 6,49,427 6,45,401 77.5 77.6
Manufacture of food products 4,613 5,421 0.7 39.5
Manufacture of beverages 1,689 1,532 0.2 16.4
Manufacture of tobacco products 12 28 - 0.8
Manufacture of textiles 2,528 2,555 0.3 45.5
Manufacture of wearing apparel 4,979 5,007 0.6 80.1
Manufacture of leather and related products 10,410 12,639 1.5 95.2
Manufacture of wood and products of wood and cork, except furniture 114 121 - 97.7
Manufacture of paper and paper products 325 345 - 25.0
Printing and reproduction of recorded media 49 37 - 42.6
Manufacture of coke and refined petroleum products 4,96,663 4,73,784 56.9 98.1
Manufacture of chemicals and chemical products 21,113 22,095 2.7 54.6
Manufacture of pharmaceuticals, medicinal chemical and botanical products 26,681 48,848 5.9 53.9
Manufacture of rubber and plastics products 1,923 2,559 0.3 32.3
Manufacture of other non-metallic mineral products 1,271 1,020 0.1 26.2
Manufacture of basic metals 31,404 22,759 2.7 75.8
Manufacture of fabricated metal products, except machinery and equipment 2,913 3,129 0.4 32.1
Manufacture of computer, electronic and optical products 1,755 535 0.1 23.3
Manufacture of electrical equipment 1,816 2,650 0.3 59.3
Manufacture of machinery and equipment not elsewhere classified 3,795 5,453 0.7 40.7
Manufacture of motor vehicles, trailers and semi-trailers 3,205 3,387 0.4 20.3
Manufacture of other transport equipment 1,234 1,228 0.1 33.7
Manufacture of furniture 85 76 - 15.1
Repair and installation of machinery and equipment 7 42 - 57.1
Other manufacturing 30,843 30,151 3.6 41.8
D. Electricity, gas, steam and air conditioning supply 243 2,557 0.3 65.0
E. Water supply; sewerage, waste management and remediation activities 112 103 - 27.0
F. Construction 1,633 3,200 0.4 11.8
G. Services 1,61,143 1,73,057 20.8 36.2
Wholesale and retail trade; repair of motor vehicles and motorcycles 52,223 51,437 6.2 72.8
Transportation and storage 14,173 18,432 2.2 60.8
Accommodation and Food service activities 275 311 0.1 9.1
Information and communication 60,671 68,594 8.2 23.4
Financial and insurance activities 7,300 6,985 0.8 32.0
Real estate activities 258 200 - 54.9
Other Services activities 26,243 27,098 3.3 46.5
Total 8,19,191 8,32,653 100.0 61.1
*Of the 9,767 overseas subsidiary companies,3,250 reported exports.
 
Table 10D: Activity-wise Imports of 9,767 Overseas Subsidiaries of 6,117 Indian entities
(amount in ₹ crore at market value, end-March)
Activity  2023-24 2024-25
 Amount  Amount % share in total % share in purchase
1 2 3 4 5
A. Agriculture-related, Plantations & Allied activities 1,964 2,584 0.3 81.3
B. Mining 4,822 5,586 0.7 52.1
C. Manufacturing 6,75,332 6,63,206 79.1 89.9
Manufacture of food products 5,835 6,602 0.8 46.6
Manufacture of beverages 1,886 2,405 0.3 53.8
Manufacture of tobacco products 403 583 0.1 83.2
Manufacture of textiles 2,461 3,729 0.5 79.6
Manufacture of wearing apparel 1,596 2,140 0.3 36.9
Manufacture of leather and related products 9,434 12,147 1.5 98.6
Manufacture of wood and products of wood and cork, except furniture 77 68 - 65.9
Manufacture of paper and paper products 582 788 0.1 65.1
Printing and reproduction of recorded media 71 29 - 53.7
Manufacture of coke and refined petroleum products 4,87,632 4,62,017 55.1 100.0
Manufacture of chemicals and chemical products 22,744 25,821 3.1 74.5
Manufacture of pharmaceuticals, medicinal chemical and botanical products 50,148 61,116 7.3 82.5
Manufacture of rubber and plastics products 2,591 2,974 0.4 50.3
Manufacture of other non-metallic mineral products 963 911 0.1 39.3
Manufacture of basic metals 30,787 22,753 2.7 95.0
Manufacture of fabricated metal products, except machinery and equipment 6,482 5,296 0.6 70.9
Manufacture of computer, electronic and optical products 2,164 1,209 0.1 53.2
Manufacture of electrical equipment 1,593 2,708 0.3 50.4
Manufacture of machinery and equipment not elsewhere classified 3,410 4,338 0.5 50.9
Manufacture of motor vehicles, trailers and semi-trailers 5,257 6,221 0.7 44.4
Manufacture of other transport equipment 1,805 2,405 0.3 100.0
Manufacture of furniture 417 261 - 83.8
Repair and installation of machinery and equipment 4 7 - 15.0
Other manufacturing 36,990 36,678 4.3 62.5
D. Electricity, gas, steam and air conditioning supply 298 2,132 0.3 66.4
E. Water supply; sewerage, waste management and remediation activities 93 85 - 25.6
F. Construction 2,969 4,856 0.6 19.7
G. Services 1,58,729 1,60,464 19.0 44.4
Wholesale and retail trade; repair of motor vehicles and motorcycles 48,052 48,195 5.7 74.7
Transportation and storage 7,447 10,616 1.3 39.6
Accommodation and Food service activities 376 401 - 13.9
Information and communication 75,206 73,336 8.7 35.7
Financial and insurance activities 4,055 4,153 0.5 35.7
Real estate activities 68 174 - 53.2
Other Services activities 23,525 23,589 2.8 47.5
Total 8,44,207 8,38,913 100.0 73.0
*Of the 9,767 overseas subsidiary companies, 3,543 reported imports.

 1 The previous data release in the series, covering 2023-24 census round, was published on October 11, 2024, on the RBI website.
 

2 Market value of equity of unlisted companies is compiled as per the own fund book value (OFBV) method prescribed in the Co-ordinated Direct Investment Survey Guide (2015) of the International Monetary Fund (IMF).

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