FDI led by equities jumps 22.6% in FY14 to Rs 15 trillion: RBI
January 17, 2015
New Delhi
Foreign direct investment into the country jumped 22.65 per cent to Rs 15,08,960 crore as of end March 2014, up from Rs 12,30,250 crore as of 2012-13, with equities dominating the pie with share of 93.9 per cent.
As against this, outbound investments by domestic companies overseas jumped higher by 26 per cent to Rs 5,39,030 crore during the same period, up from Rs 4,27,900 crore as of 2012-13, according to the latest Reserve Bank data released today.
The ratio of outward to inward direct investment at market value rose marginally from 34.8 per cent in 2012-13 to 35.7 per cent in 2013-14, according to the data collated by an RBI Census on Foreign Liabilities and Assets of Domestic Companies in 2013-14.
Out of the total inbound equity investments as much as Rs 14,16,860 crore were in equities in 2013-14, which was Rs 11,40,130 crore in previous year, while debt investments rose to Rs 92,100 crore in 2013-14 from Rs 90,120 crore in 2012-13, the census data showed.
In case of outbound investments equities rose to Rs 4,23,270 crore in FY14 from Rs 3,53,800 core in FY13, the data showed.
The Annual Census on Foreign Liabilities and Assets covers domestic companies which submit comprehensive information on their overseas liabilities and assets arising on account of FDI into the country, their overseas direct investment and other investments.
In the latest round of the census, of the 17,211 companies that have reported, as many as 15,788 had FDI/ODI in their balance sheets as of March 2014. Of these, 644 firms had bi-directional direct investment, 13,042 companies received only FDI and 2,092 had only outbound investments.
The report also said majority of these responding companies are unlisted and most of them received only inward FDI. Non-financial companies had a larger share of foreign equity participation at Rs 2,62,380 crore at face value compared with financial companies at Rs 56,080 crore in March 2014.
Other investment liabilities, which include trade credits, loans, currency and deposits and other payable with unrelated third-party non-resident entities stood at Rs 10,47,000 crore as of March 2014 up from Rs 8,31,910 crore a year ago. Corresponding overseas assets accounted for 40.4 per cent of such liabilities. .
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