46A: Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals - RBI - Reserve Bank of India
46A: Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals
(US $ million) |
||||||
Purpose |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
|
1 |
2 |
3 |
4 |
5 |
6 |
|
1. |
Deposit |
9.1 |
23.2 |
19.7 |
24.0 |
30.4 |
2. |
Purchase of immovable property |
0.5 |
1.9 |
8.5 |
39.5 |
55.9 |
3. |
Investment in equity/debt |
— |
— |
20.7 |
144.7 |
151.4 |
4. |
Gift |
— |
— |
7.4 |
70.3 |
133.0 |
5. |
Donations |
— |
— |
0.1 |
1.6 |
1.4 |
6. |
Others** |
— |
— |
16.4 |
160.4 |
436.0 |
Total (1 to 6) |
9.6 |
25.0 |
72.8 |
440.5 |
808.1 |
|
(US $ million) |
|||||||||||||
Purpose |
2008-09 |
||||||||||||
April |
May |
June |
July |
August |
September |
October |
November |
December |
January |
February |
March |
||
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
|
1. |
Deposit |
3.4 |
3.0 |
4.1 |
2.3 |
2.6 |
1.6 |
1.2 |
1.4 |
1.6 |
1.7 |
1.8 |
5.7 |
2. |
Purchase of immovable property |
7.7 |
7.0 |
6.5 |
5.7 |
4.6 |
5.7 |
3.1 |
2.6 |
2.5 |
2.6 |
2.7 |
5.2 |
3. |
Investment in equity/debt |
13.3 |
13.7 |
14.9 |
12.5 |
12.7 |
9.8 |
8.7 |
12.4 |
11.2 |
10.4 |
6.8 |
25.0 |
4. |
Gift |
8.8 |
10.9 |
10.2 |
12.7 |
16.0 |
7.9 |
8.6 |
23.2 |
9.7 |
7.6 |
8.5 |
8.9 |
5. |
Donations |
0.2 |
0.1 |
— |
0.2 |
0.2 |
— |
0.1 |
0.2 |
— |
0.1 |
0.1 |
0.2 |
6. |
Others** |
17.1 |
18.5 |
20.5 |
27.4 |
123.6 |
26.0 |
19.2 |
19.0 |
32.7 |
33.1 |
19.3 |
79.6 |
Total ( 1 to 6) |
50.5 |
53.2 |
56.2 |
60.8 |
159.7 |
51.0 |
40.9 |
58.8 |
57.7 |
55.5 |
39.2 |
124.6 |
|
(US $ million) |
|||||
Purpose |
2009-10 |
||||
April |
May |
June |
July |
||
1 |
2 |
3 |
4 |
5 |
|
1. |
Deposit |
2.3 |
2.8 |
3.2 |
1.9 |
2. |
Purchase of immovable property |
4.2 |
3.8 |
3.4 |
2.5 |
3. |
Investment in equity/debt |
12.6 |
12.2 |
14.8 |
10.7 |
4. |
Gift |
13.6 |
11.7 |
13.7 |
13.0 |
5. |
Donations |
0.1 |
0.2 |
0.6 |
0.1 |
6. |
Travels |
1.4 |
1.5 |
1.1 |
2.5 |
7. |
Maintenance of close relatives |
10.5 |
10.0 |
8.8 |
9.7 |
8. |
Medical Treatment |
1.3 |
2.3 |
2.4 |
2.3 |
9. |
Studies Abroad |
6.1 |
6.8 |
89.3 |
12.7 |
10. |
Others |
6.0 |
6.4 |
7.6 |
9.5 |
Total ( 1 to 10) |
58.1 |
57.7 |
145.0 |
64.9 |
|
— : Not available.
** : Include items such as Education, Tours and Travels.
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 financial year (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 to US $ 2, 00,000 per financial year in September 2007.
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