Foreign equity participation in inward DI companies was high as over 75% of them were subsidiaries of foreign companies. Census reports include a total of 28,004 entities. Out of these 25,009 had FDI/ODI in their balance sheet in March 2019. Out of these, 18,110 entities had reported in the previous census round and 6,899 reported for the first time; 2,622 entities of the previous round did not report in the latest round.
Main Findings of the RBI Annual Census:
- 96% (24,131) of the DI entities are unlisted and they own a larger foreign equity share in the total equity capital. Around 3.5% (878) are listed.
- FDI equity accounted for nearly 80% share in total paid-up capital of non-financial FDI companies whereas financial FDI companies were lower at around 68%.
- Total Inward DI stood at 32,92,902 Cr. whereas total Outward DI stood at 5,92,930 Cr.
- Outstanding liabilities with unrelated party stood at 19,66,921 Cr. whereas the assets stood at 6,23,324 Cr.
- The USA was the largest source of FDI in India displacing Mauritius. France remained at the bottom.
- Singapore (17.8 per cent share at market value) was the largest destination of investment by Indian companies, the least being the Cayman Islands.
- The Manufacturing Sector had a dominant share in FDI equity capital (face value), as well as in total FDI at market value, the lowest one being Mining.
- Total sales (including exports) of foreign subsidiaries in India increased by 17.0%(2,10,930 Cr.) during 2018-19. Their total purchase (including imports) grew by 20.1%(1,19,371 Cr.).
- Foreign subsidiaries in the information and communication services contributed substantially to exports.
- Total sales (including exports) of overseas subsidiaries of Indian entities increased by 15.5% during 2018-19, while their total purchase (including imports) grew by 16.1%.
- In the case of overseas subsidiaries of Indian entities, the share of imports in their total purchases (63.4 %) during 2018-19 was substantially higher than their exports in total sales (45.0%).
About the Census
RBI Annual Census gives information on the Market value of foreign liabilities and assets of Indian DI entities. Arising on account of FDI, ODI and other investments; and other business parameters (activity sector, sales, purchase, export and import).