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Date : Dec 14, 2021
Census on Foreign Liabilities and Assets of Indian Direct Investment Entities, 2020-21 – Data Release

Today, the Reserve Bank released the provisional results of the 2020-21* round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities with inward/outward direct investment (DI). These entities include companies, limited liability partnership (LLP), alternative investment fund (AIF) and partnership firms.

Out of the 33,550 reported entities in the latest census round, 30,246 had foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheet. Of these entities, 25,912 had reported in the previous census round; 4,334 reported only in the current round and 1,889 entities, which reported in the previous round, did not report in the current round. Around three-fourth of the reported inward direct investment companies 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 companies arising on account of cross-border direct investment and other investments; and (b) other business parameters (activity sector, sales, purchase, exports and imports). The changes in outstanding assets/liabilities would be different from flows recorded in the balance of payments (BoP) statistics during a year, as the former would also include valuation changes due to price, exchange rate movements and other changes.

Main Findings:

  • Around 97 per cent of the reporting DI entities were unlisted that captured most of the FDI equity capital (Tables 1, 2A).

  • Nearly 80 per cent of DI equity amount was under the exclusive FDI scheme. Non-financial entities accounted for 89 per cent of total FDI equity (Table 2B).

  • FDI in India increased by 29.1 per cent in 2020-21 at market value in rupee terms; the large swing in end-March equity market movements in 2020 and 2021 valuation influenced the changes for listed entities which grew by 53.4 per cent vis-à-vis much lower growth of 11.2 per cent in FDI of unlisted# entities (Table 3A).

  • In US$ terms, FDI at market value increased by 32.4 per cent from US$ 430.1 billion to US$ 569.6 billion. Outward direct investment (ODI) recorded an increase of 10.1 per cent to US$ 102.5 billion at market value. The ratio of inward to outward direct investment stood at 5.6 per cent as on end-March 2021 as compared with 4.6 per cent a year earlier (Table 3B).

  • Other investment liabilities {viz., trade credit, loans, ‘currency and deposits’ and other payable with unrelated (third party) non-resident entities} of DI companies in India stood at US$ 255.2 billion and their corresponding overseas assets were valued at US$ 112.8 billion in March 2021 (Table 4).

  • The United States was the largest source of FDI in India (17.4 per cent share at market value) followed by the Mauritius and UK. Overseas investment by Indian companies was highest for Singapore (21.0 per cent share at market value), followed by the United States, Netherlands and Mauritius (Tables 5, 6).

  • Manufacturing sector had 50.7 per cent share in total FDI equity capital at market value while the same was at 45.2 per cent at face value.

  • Motor vehicles, trailers and semi-trailers, chemical and chemical products, food products, machinery and equipment, pharma, and basic metals within manufacturing, and information and communication, financial and insurance activities within service sector are the major recipients of the FDI (Tables 7, 8).

  • Domestic sales of foreign subsidiaries in India moderated slightly during 2020-21 but exports recorded an expansion. Exports and imports contributed around one-third of total sales and purchases, respectively (Tables 9A, 9B, 9C, 9D).

  • Exports of information and communication services covered 77.5 per cent of the sales of foreign subsidiaries; this sector accounted for more than half of the total exports by foreign subsidiaries (Tables 9C).

  • While domestic sales of overseas subsidiaries of Indian companies expanded, domestic purchase narrowed. Their exports to sales and imports to purchase ratios stood at 43.9 per cent and 61.1 per cent, respectively, which were lower than the corresponding ratios for the previous year and indicated moderation in foreign trade during 2020-21 on account of the COVID-19 pandemic (Table 10A, 10B, 10C, 10D).

(Ajit Prasad)           
Director (Communications)

Press Release: 2021-2022/1354


Table 1: Coverage in FLA Census, 2020-21
Category Types of Entity No. of Entities with Direct Investment
Both Inward & Outward Only Inward Only Outward Total
(1) (2) (3) (4) (5) (6)
Unlisted Foreign Associate companies in India 415 5,014 - 5,429
Foreign Subsidiary companies in India 325 19,582 - 19,907
Alternative Investment Funds 42 166 16 224
LLP* and Partnership Firms 5 826 281 1,112
Other companies - - 2,635 2,635
Total 787 25,588 2,932 29,307
Listed Foreign Associate companies in India 81 138 - 219
Foreign Subsidiary companies in India 33 83 - 116
Other companies - - 604 604
Total 114 221 604 939
Grand Total 901 25,809 3,536 30,246
* Limited Liabilities Partnership (LLP)

Table 2A: Foreign Equity Participation - Listed and Unlisted entities
(amount in ₹ crore at face value, end-March 2021)
Category Listed Unlisted Total
(335) (26,375) (26,710)
2021 2021 2021
Amount per cent Amount per cent Amount
(1) (2) (3) (4) (5) (6)
Paid-Up Capital 65,416 6.6 9,23,543 93.4 9,88,959
of which: Equity Capital 64,159 6.7 8,92,146 93.3 9,56,305
of which: FDI Equity Capital 14,398 1.9 7,50,712 98.1 7,65,110
Numbers in parenthesis indicate the number of entities in the respective category.
Note: Components may not add up to the total due to rounding off (applicable for all tables).

Table 2B: Foreign equity participation of Financial and Non-financial entities
(amount in ₹ crore at face value, end-March 2021)
Category No of Entities Paid Up Capital Total Equity Equity exclusively under FDI scheme % share of FDI in Total Equity
(PUC excluding Non-Participating Preference Share)
(1) (2) (3) (4) (5) (6)
Financial 1,095 1,09,635 1,06,693 86,925 81.5
Non-Financial 25,615 8,79,324 8,49,612 6,78,185 79.8
Total 26,710 9,88,959 9,56,305 7,65,110 80.0

Table 3A: Inward Direct Investment for Listed and Unlisted Entities
(amount in ₹ crore at market value, end-March)
Direct Investment Listed Companies Unlisted Companies
2020 2021 2020 2021
(1) (2) (3) (4) (5)
Equity 13,64,312 20,96,152 16,93,973 19,00,365
Debt 11,857 15,407 1,72,044 1,74,603
Total 13,76,169 21,11,559 18,66,017 20,74,968

Table 3B: Total Inward and Outward Direct Investment
(amount in ₹ crore at market value, end-March)
Direct Investment Inward Outward
2020 2021 2020 2021
(1) (2) (3) (4) (5)
Equity 30,58,285 39,96,517 5,50,121 5,91,896
Debt 1,83,901 1,90,010 1,51,911 1,61,715
Total 32,42,186 41,86,527 7,02,032 7,53,611

Table 4: Other Foreign Liabilities/Assets of Direct Investment Entities
(amount in ₹ crore, end-March)
Other Investment Outstanding liabilities with unrelated party Outstanding assets with unrelated party
2020 2021 2020 2021
(1) (2) (3) (4) (5)
Trade Credits 4,41,131 3,93,863 3,10,271 2,81,983
Loans 8,65,119 7,23,353 2,64,719 2,95,945
Currency & Deposits 4,95,433 5,20,756 88,773 1,29,503
Other receivable and payable accounts 2,30,680 2,38,028 1,44,194 1,21,369
Total 20,32,363 18,76,000 8,07,957 8,28,800

Table 5: Country-wise distribution of Inward Direct Investment
(amount in ₹ crore at market value, end-March)
Country Total FDI Equity Debt
2020 2021 2020 2021 2020 2021
(1) (2) (3) (4) (5) (6) (7)
United States 5,00,578 7,28,723 4,98,852 7,30,579 1,726 -1,856
Mauritius 4,64,285 6,37,381 4,39,657 6,14,563 24,628 22,818
United Kingdom 5,37,750 6,23,927 5,29,896 6,12,381 7,854 11,546
Singapore 4,24,143 5,68,001 3,86,852 5,19,956 37,291 48,045
Netherlands 3,01,022 3,90,925 2,63,761 3,52,593 37,261 38,332
Japan 2,38,486 3,35,243 2,20,731 3,17,851 17,755 17,392
Switzerland 1,85,825 2,35,898 1,82,911 2,32,311 2,914 3,587
Germany 1,49,121 1,21,581 1,40,306 1,13,901 8,815 7,680
France 64,705 1,14,027 61,225 1,10,937 3,480 3,090
Republic of Korea 82,415 88,123 66,174 76,787 16,241 11,336
Other countries 2,93,856 3,42,698 2,67,920 3,14,658 25,936 28,040
All Countries 32,42,186 41,86,527 30,58,285 39,96,517 1,83,901 1,90,010

Table 6: Country-wise distribution of Outward Direct Investment
(amount in ₹ crore at market value, end-March)
Country Total ODI Equity Debt
2020 2021 2020 2021 2020 2021
(1) (2) (3) (4) (5) (6) (7)
Singapore 1,35,322 1,58,556 1,20,732 1,34,666 14,590 23,890
United States 1,06,416 99,920 75,496 71,267 30,920 28,653
Netherlands 91,388 95,499 72,819 78,660 18,569 16,839
Mauritius 97,508 94,106 71,838 69,815 25,670 24,291
United Arab Emirates 48,617 53,771 33,779 37,203 14,838 16,568
United Kingdom 46,681 53,767 41,496 48,573 5,185 5,194
Jersey 19,397 27,024 19,306 26,915 91 109
Switzerland 25,172 25,945 16,590 18,578 8,582 7,367
Vietnam 4,715 15,951 937 1,015 3,778 14,936
Cyprus 14,708 12,838 13,095 10,949 1,613 1,889
Other Countries 1,12,108 1,16,234 84,033 94,255 28,075 21,979
All Countries 7,02,032 7,53,611 5,50,121 5,91,896 1,51,911 1,61,715

Table 7: Activity-wise equity participation of the Direct Investment entities
(amount in ₹ crore at face value, end-March 2021)
Activity Total Equity Equity under FDI Scheme % share of FDI in Total Equity
(1) (2) (3) (4)
1. Agriculture-related, Plantations & Allied activities 2,596 2,453 94.5
2. Mining 4,664 3,408 73.1
3. Manufacturing 3,87,863 3,46,099 89.2
4. Electricity, gas, steam and air conditioning supply 67,057 42,989 64.1
5. Water supply; sewerage, waste management and remediation activities 3,768 2,964 78.7
6. Construction 39,667 32,618 82.2
7. Information and communication 94,042 50,884 54.1
8. Other Services 3,56,648 2,83,695 79.5
Total 9,56,305 7,65,110 80.0
Note: An entity is classified to an activity from which it has earned major revenue if it has more than one activity [National Industrial Classification (NIC)].

Table 8: Activity-wise distribution of 26,710 FDI entities
(amount in ₹ crore at market value, end-March 2021)
Activity No. of entities Equity Debt Total
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 143 8,515 268 8,783
B. Mining 154 12,775 1,591 14,366
C. Manufacturing 6,085 20,28,076 1,13,157 21,41,233
Manufacture of food products 284 1,74,738 6,660 1,81,398
Manufacture of beverages 55 41,606 254 41,860
Manufacture of tobacco products 4 66,332 0 66,332
Manufacture of textiles 163 4,632 354 4,986
Manufacture of wearing apparel 71 20,305 698 21,003
Manufacture of leather and related products 42 10,297 108 10,405
Manufacture of wood and products of wood and cork, except furniture 10 22 32 54
Manufacture of paper and paper products 58 2,705 105 2,810
Printing and reproduction of recorded media 22 384 1 385
Manufacture of coke and refined petroleum products 29 44,361 225 44,586
Manufacture of chemicals and chemical products 445 1,89,467 6,697 1,96,164
Manufacture of pharmaceuticals, medicinal chemical and botanical products 320 1,50,024 9,187 1,59,211
Manufacture of rubber and plastics products 252 28,400 2,708 31,108
Manufacture of other non-metallic mineral products 76 62,847 609 63,456
Manufacture of basic metals 118 1,00,754 29,027 1,29,781
Manufacture of fabricated metal products, except machinery and equipment 245 13,032 2,152 15,184
Manufacture of computer, electronic and optical products 232 90,027 7,969 97,996
Manufacture of electrical equipment 432 97,121 11,183 1,08,304
Manufacture of machinery and equipment not elsewhere classified 1,036 1,49,468 8,653 1,58,121
Manufacture of motor vehicles, trailers and semi-trailers 237 2,25,059 10,329 2,35,388
Manufacture of other transport equipment 142 34,767 1,591 36,358
Manufacture of furniture 37 699 100 799
Other manufacturing 1,565 5,16,120 14,143 5,30,263
Repair and installation of machinery and equipment 210 4,909 372 5,281
D. Electricity, gas, steam and air conditioning supply 742 1,38,750 18,104 1,56,854
E. Water supply; sewerage, waste management and remediation activities 139 4,426 451 4,877
F. Construction 971 49,465 19,906 69,371
G. Services 18,476 17,54,510 36,533 17,91,043
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 2,438 1,09,741 11,976 1,21,717
2. Transportation and storage 591 67,369 2,445 69,814
3. Accommodation and Food service activities 570 31,051 2,272 33,323
4. Information and communication 7,108 6,64,411 558 6,64,969
5. Financial and insurance activities 1,146 6,56,770 4,580 6,61,350
6. Real estate activities 300 18,011 4,219 22,230
7. Other Services activities 6,323 2,07,157 10,483 2,17,640
Total 26,710 39,96,517 1,90,010 41,86,527

Table 9A: Activity-wise Sales of 20,023* Foreign subsidiary companies in India
(amount in ₹ crore)
Activity No. of entities 2019-20 2020-21 % Share in Total
(2020-21)
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 65 9,368 9,122 0.3
B. Mining 48 2,130 1,756 0.1
C. Manufacturing 3,816 15,58,624 15,27,818 49.6
Manufacture of food products 151 70,401 78,978 2.6
Manufacture of beverages 22 64,184 59,143 1.9
Manufacture of tobacco products 0 0 0 0.0
Manufacture of textiles 66 5,148 4,413 0.1
Manufacture of wearing apparel 37 5,216 4,114 0.1
Manufacture of leather and related products 22 4,763 3,240 0.1
Manufacture of wood and products of wood and cork, except furniture 6 115 145 0.0
Manufacture of paper and paper products 33 5,301 4,647 0.2
Printing and reproduction of recorded media 14 634 631 0.0
Manufacture of coke and refined petroleum products 15 20,893 19,780 0.6
Manufacture of chemicals and chemical products 291 1,29,667 1,36,684 4.4
Manufacture of pharmaceuticals, medicinal chemical and botanical products 158 57,042 60,892 2.0
Manufacture of rubber and plastics products 165 31,882 33,009 1.1
Manufacture of other non-metallic mineral products 42 21,087 21,707 0.7
Manufacture of basic metals 62 22,054 22,230 0.7
Manufacture of fabricated metal products, except machinery and equipment 146 16,491 15,466 0.5
Manufacture of computer, electronic and optical products 142 2,02,279 2,09,508 6.8
Manufacture of electrical equipment 311 1,04,695 1,04,922 3.4
Manufacture of machinery and equipment not elsewhere classified 733 1,20,871 1,20,688 3.9
Manufacture of motor vehicles, trailers and semi-trailers 147 2,99,202 2,81,601 9.1
Manufacture of other transport equipment 96 48,378 46,982 1.5
Manufacture of furniture 22 1,411 1,260 0.0
Other manufacturing 980 3,18,638 2,90,716 9.4
Repair and installation of machinery and equipment 155 8,272 7,062 0.2
D. Electricity, gas, steam and air conditioning supply 291 23,794 23,027 0.7
E. Water supply; sewerage, waste management and remediation activities 77 3,528 3,964 0.1
F. Construction 385 34,185 28,519 0.9
G. Services 12,559 14,08,546 14,88,172 48.3
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 1,699 3,56,974 3,79,508 12.3
2. Transportation and storage 338 57,227 67,214 2.2
3. Accommodation and Food service activities 241 12,028 7,827 0.3
4. Information and communication 5,409 6,56,186 7,12,892 23.1
5. Financial and insurance activities 396 57,742 56,146 1.8
6. Real estate activities 98 10,035 9,043 0.3
7. Other Services activities 4,378 2,58,354 2,55,542 8.3
Total 17,241 30,40,175 30,82,378 100.0
*Of the 20,023 subsidiary companies, 17,241 reported sales.

Table 9B: Activity-wise Purchase of 20,023* Foreign subsidiary companies in India
(amount in ₹ crore)
Activity No. of entities 2019-20 2020-21 % Share in Total
(2020-21)
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 59 6,937 6,052 0.3
B. Mining 53 1,394 1,175 0.1
C. Manufacturing 3,786 11,54,529 11,20,448 52.9
Manufacture of food products 153 52,888 58,453 2.8
Manufacture of beverages 23 34,983 33,121 1.6
Manufacture of tobacco products 0 0 0 0.0
Manufacture of textiles 68 3,548 2,685 0.1
Manufacture of wearing apparel 35 3,328 2,557 0.1
Manufacture of leather and related products 20 2,256 1,657 0.1
Manufacture of wood and products of wood and cork, except furniture 6 80 99 0.0
Manufacture of paper and paper products 33 3,099 2,892 0.1
Printing and reproduction of recorded media 9 183 167 0.0
Manufacture of coke and refined petroleum products 14 10,623 8,732 0.4
Manufacture of chemicals and chemical products 280 83,968 91,180 4.3
Manufacture of pharmaceuticals, medicinal chemical and botanical products 160 39,518 43,830 2.1
Manufacture of rubber and plastics products 165 21,780 22,479 1.1
Manufacture of other non-metallic mineral products 42 15,343 15,140 0.7
Manufacture of basic metals 66 21,282 18,297 0.9
Manufacture of fabricated metal products, except machinery and equipment 149 10,366 9,239 0.4
Manufacture of computer, electronic and optical products 141 1,72,921 1,72,419 8.1
Manufacture of electrical equipment 311 74,945 74,190 3.5
Manufacture of machinery and equipment not elsewhere classified 724 88,768 85,688 4.0
Manufacture of motor vehicles, trailers and semi-trailers 147 2,31,887 2,22,215 10.5
Manufacture of other transport equipment 95 33,120 33,628 1.6
Manufacture of furniture 22 802 668 0.0
Other manufacturing 973 2,44,715 2,17,822 10.3
Repair and installation of machinery and equipment 150 4,126 3,290 0.2
D. Electricity, gas, steam and air conditioning supply 305 25,505 22,440 1.1
E. Water supply; sewerage, waste management and remediation activities 71 2,549 2,614 0.1
F. Construction 350 25,008 19,293 0.9
G. Services 8,289 9,07,863 9,47,810 44.7
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 1,650 3,10,467 3,27,894 15.5
2. Transportation and storage 304 44,678 51,324 2.4
3. Accommodation and Food service activities 223 7,277 5,432 0.3
4. Information and communication 2,850 3,34,455 3,51,126 16.6
5. Financial and insurance activities 280 39,751 40,109 1.9
6. Real estate activities 103 8,105 7,251 0.3
7. Other Services activities 2,879 1,63,130 1,64,674 7.8
Total 12,913 21,23,785 21,19,832 100.0
*Of the 20,023 subsidiary companies, 12,913 reported purchase.

Table 9C: Activity-wise Export of 20,023* Foreign subsidiary companies in India
(amount in ₹ crore)
Activity 2019-20 2020-21
Amount Amount % Share in Total % Share in Sales
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 625 663 0.1 7.3
B. Mining 207 241 0.0 13.7
C. Manufacturing 3,23,088 3,14,099 29.9 20.6
1. Food products 8,963 10,987 1.0 13.9
2. Beverages 921 728 0.1 1.2
3. Tobacco products 0 0 0.0 0.0
4. Textiles 1,831 1,552 0.1 35.2
5. Wearing Apparel 2,628 2,120 0.2 51.5
6. Leather and related products 373 336 0.0 10.4
7. Wood and wood products, except furniture; manufacture of articles of straw and plaiting materials 5 4 0.0 2.8
8. Manufacture of paper and paper products 1,066 1,013 0.1 21.8
9. Printing and reproduction of recorded media 202 200 0.0 31.7
10. Coke and refined petroleum products 6,426 6,916 0.7 35.0
11. Chemicals and chemical products 24,008 24,448 2.3 17.9
12. Pharmaceuticals, medicinal and chemical products 28,996 31,658 3.0 52.0
13. Rubber and plastics products 6,886 7,528 0.7 22.8
14. Other non-metallic mineral products 1,831 1,666 0.2 7.7
15. Basic metals 2,178 2,199 0.2 9.9
16. Fabricated metal products, except machinery and equipment 3,375 3,407 0.3 22.0
17. Computer, electronic and optical products 51,462 51,701 4.9 24.7
18. Electrical equipment 21,137 21,390 2.0 20.4
19. Machinery and equipment not elsewhere classified 28,731 30,161 2.9 25.0
20. Motor vehicles, trailers and semi-trailers 63,788 46,151 4.4 16.4
21. Other transport equipment 13,949 13,611 1.3 29.0
22. Furniture 361 432 0.0 34.3
23. Other manufacturing 51,708 53,940 5.1 18.6
24. Repair and installation of machinery and equipment 2,263 1,951 0.2 27.6
D. Electricity, gas, steam and air conditioning supply 1,361 1,943 0.2 8.4
E. Water supply; sewerage, waste management and remediation activities 233 275 0.0 6.9
F. Construction 1,451 1,663 0.2 5.8
G. Services 6,73,576 7,32,422 69.7 49.2
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 26,055 24,753 2.4 6.5
2. Transportation and storage 9,077 11,242 1.1 16.7
3. Accommodation and Food service activities 1,545 1,220 0.1 15.6
4. Information and communication 5,00,458 5,52,554 52.6 77.5
5. Financial and insurance activities 9,793 9,457 0.9 16.8
6. Real estate activities 43 41 0.0 0.5
7. Other Services activities 1,26,605 1,33,155 12.7 52.1
Total 10,00,541 10,51,306 100.0 34.1
*Of the 20,023 subsidiary companies, 13,014 reported exports.

Table 9D: Activity-wise Import of 20,023* Foreign Subsidiary Companies in India
(amount in ₹ crore)
Activity 2019-20 2020-21
Amount Amount % Share in Total % Share in Purchase
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 894 869 0.1 14.4
B. Mining 386 340 0.0 28.9
C. Manufacturing 5,26,750 5,07,962 71.5 45.3
1. Food products 13,823 17,620 2.5 30.1
2. Beverages 1,421 1,600 0.2 4.8
3. Tobacco products 0 0 0.0 0.0
4. Textiles 975 731 0.1 27.2
5. Wearing Apparel 1,355 1,030 0.1 40.3
6. Leather and related products 607 547 0.1 33.0
7. Wood and wood products, except furniture; manufacture of articles of straw and plaiting materials 48 61 0.0 61.6
8. Manufacture of paper and paper products 1,495 1,462 0.2 50.6
9. Printing and reproduction of recorded media 45 34 0.0 20.4
10. Coke and refined petroleum products 4,229 3,528 0.5 40.4
11. Chemicals and chemical products 47,216 53,564 7.5 58.7
12. Pharmaceuticals, medicinal and chemical products 17,727 19,536 2.8 44.6
13. Rubber and plastics products 9,032 9,177 1.3 40.8
14. Other non-metallic mineral products 2,984 2,675 0.4 17.7
15. Basic metals 8,873 6,940 1.0 37.9
16. Fabricated metal products, except machinery and equipment 3,240 2,568 0.4 27.8
17. Computer, electronic and optical products 1,34,751 1,34,143 18.9 77.8
18. Electrical equipment 36,573 33,574 4.7 45.3
19. Machinery and equipment not elsewhere classified 31,461 34,313 4.8 40.0
20. Motor vehicles, trailers and semi-trailers 53,663 44,941 6.3 20.2
21. Other transport equipment 10,695 11,220 1.6 33.4
22. Furniture 511 451 0.1 67.5
23. Other manufacturing 1,43,617 1,26,302 17.8 58.0
24. Repair and installation of machinery and equipment 2,409 1,945 0.3 59.1
D. Electricity, gas, steam and air conditioning supply 7,142 5,720 0.8 25.5
E. Water supply; sewerage, waste management and remediation activities 281 322 0.0 12.3
F. Construction 2,305 1,841 0.3 9.5
G. Services 1,82,759 1,93,082 27.2 20.4
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 1,08,288 1,10,116 15.5 33.6
2. Transportation and storage 4,980 6,906 1.0 13.5
3. Accommodation and Food service activities 794 582 0.1 10.7
4. Information and communication 44,685 51,423 7.2 14.6
5. Financial and insurance activities 2,426 2,742 0.4 6.8
6. Real estate activities 98 63 0.0 0.9
7. Other Services activities 21,488 21,250 3.0 12.9
Total 7,20,517 7,10,136 100.0 33.5
*Of the 20,023 subsidiary companies, 7,810 reported imports.

Table 10A: Activity-wise Sales of 6,376 Overseas Subsidiaries of 3,819 Indian entities
(amount in ₹ crore)
Activity No. of Companies 2019-20 2020-21 % Share in Total
(2020-21)
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 22 1,588 1,904 0.3
B. Mining 66 12,938 12,350 2.1
C. Manufacturing 1,229 3,09,717 2,85,655 48.8
Manufacture of food products 69 8,225 9,598 1.6
Manufacture of beverages 11 3,383 3,968 0.7
Manufacture of tobacco products 7 2,935 2,599 0.4
Manufacture of textiles 58 2,811 3,185 0.5
Manufacture of wearing apparel 33 2,881 2,622 0.4
Manufacture of leather and related products 20 6,173 4,917 0.8
Manufacture of wood and products of wood and cork, except furniture 10 319 210 0.0
Manufacture of paper and paper products 11 783 976 0.2
Printing and reproduction of recorded media 5 56 67 0.0
Manufacture of coke and refined petroleum products 12 93,778 57,322 9.8
Manufacture of chemicals and chemical products 124 27,370 29,572 5.1
Manufacture of pharmaceuticals, medicinal chemical and botanical products 160 49,170 58,004 9.9
Manufacture of rubber and plastics products 57 2,921 3,120 0.5
Manufacture of other non-metallic mineral products 15 1,359 1,484 0.3
Manufacture of basic metals 38 5,170 7,230 1.2
Manufacture of fabricated metal products, except machinery and equipment 34 7,676 7,074 1.2
Manufacture of computer, electronic and optical products 25 3,801 4,805 0.8
Manufacture of electrical equipment 46 2,692 3,108 0.5
Manufacture of machinery and equipment not elsewhere classified 113 8,193 8,832 1.5
Manufacture of motor vehicles, trailers and semi-trailers 30 28,529 27,359 4.7
Manufacture of other transport equipment 12 3,076 2,251 0.4
Manufacture of furniture 4 357 443 0.1
Other manufacturing 326 48,034 46,857 8.0
Repair and installation of machinery and equipment 9 25 52 0.0
D. Electricity, gas, steam and air conditioning supply 51 2,632 2,695 0.5
E. Water supply; sewerage, waste management and remediation activities 7 390 228 0.0
F. Construction 98 5,954 9,483 1.6
G. Services 2,346 2,87,769 2,72,792 46.6
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 348 50,376 40,749 7.0
2. Transportation and storage 97 15,987 14,074 2.4
3. Accommodation and Food service activities 74 771 820 0.1
4. Information and communication 928 1,56,278 1,66,016 28.4
5. Financial and insurance activities 188 15,796 14,296 2.4
6. Real estate activities 73 1,044 832 0.1
7. Other Services activities 638 47,517 36,005 6.2
Total 3,819 6,20,988 5,85,107 100.0

Table 10B: Activity-wise Purchase of 6,376 Overseas Subsidiaries of 3,819 Indian entities
(amount in ₹ crore)
Activity No. of Companies 2019-20 2020-21 % Share in Total
(2020-21)
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 22 1,252 1,590 0.3
B. Mining 66 10,704 10,096 2.2
C. Manufacturing 1,229 2,71,629 2,40,055 52.8
Manufacture of food products 69 7,232 8,295 1.8
Manufacture of beverages 11 1,320 1,560 0.3
Manufacture of tobacco products 7 942 722 0.2
Manufacture of textiles 58 1,760 2,041 0.4
Manufacture of wearing apparel 33 2,639 2,316 0.5
Manufacture of leather and related products 20 5,162 4,167 0.9
Manufacture of wood and products of wood and cork, except furniture 10 271 171 0.0
Manufacture of paper and paper products 11 642 827 0.2
Printing and reproduction of recorded media 5 41 51 0.0
Manufacture of coke and refined petroleum products 12 90,257 54,815 12.0
Manufacture of chemicals and chemical products 124 23,175 24,116 5.3
Manufacture of pharmaceuticals, medicinal chemical and botanical products 160 41,160 45,425 10.0
Manufacture of rubber and plastics products 57 2,166 2,203 0.5
Manufacture of other non-metallic mineral products 15 929 675 0.1
Manufacture of basic metals 38 9,485 7,015 1.5
Manufacture of fabricated metal products, except machinery and equipment 34 6,220 5,724 1.3
Manufacture of computer, electronic and optical products 25 3,380 4,192 0.9
Manufacture of electrical equipment 46 2,335 2,485 0.5
Manufacture of machinery and equipment not elsewhere classified 113 5,719 6,174 1.4
Manufacture of motor vehicles, trailers and semi-trailers 30 31,026 30,000 6.6
Manufacture of other transport equipment 12 2,044 1,476 0.3
Manufacture of furniture 4 250 247 0.1
Other manufacturing 326 33,458 35,321 7.8
Repair and installation of machinery and equipment 9 16 37 0.0
D. Electricity, gas, steam and air conditioning supply 51 1,966 1,719 0.4
E. Water supply; sewerage, waste management and remediation activities 7 369 245 0.1
F. Construction 98 4,397 7,416 1.6
G. Services 2,346 2,13,263 1,93,798 42.6
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 348 46,309 37,250 8.2
2. Transportation and storage 97 14,177 12,695 2.8
3. Accommodation and Food service activities 74 -597 616 0.1
4. Information and communication 928 98,855 1,03,347 22.7
5. Financial and insurance activities 188 11,836 9,670 2.1
6. Real estate activities 73 2,388 752 0.2
7. Other Services activities 638 40,295 29,468 6.5
Total 3,819 5,03,580 4,54,919 100.0

Table 10C: Activity-wise Exports of 6,376 Overseas Subsidiaries of 3,819 Indian entities
(amount in ₹ crore)
Activity 2019-20 2020-21
Amount Amount % Share in Total % Share in Sales
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 559 600 0.2 31.5
B. Mining 8,772 8,858 3.4 71.7
C. Manufacturing 1,66,735 1,34,204 52.2 47.0
1. Food products 3,460 4,762 1.9 49.6
2. Beverages 666 671 0.3 16.9
3. Tobacco products 427 347 0.1 13.4
4. Textiles 2,144 2,481 1.0 77.9
5. Wearing Apparel 2,278 1,988 0.8 75.8
6. Leather and related products 5,476 4,165 1.6 84.7
7. Wood and wood products, except furniture; manufacture of articles of straw and plaiting materials 291 191 0.1 91.0
8. Manufacture of paper and paper products 575 746 0.3 76.4
9. Printing and reproduction of recorded media 27 40 0.0 59.7
10. Coke and refined petroleum products 89,573 53,782 20.9 93.8
11. Chemicals and chemical products 14,940 14,611 5.7 49.4
12. Pharmaceuticals, medicinal and chemical products 12,665 17,514 6.8 30.2
13. Rubber and plastics products 1,097 1,115 0.4 35.7
14. Other non-metallic mineral products 237 398 0.2 26.8
15. Basic metals 532 249 0.1 3.4
16. Fabricated metal products, except machinery and equipment 3,517 3,281 1.3 46.4
17. Computer, electronic and optical products 3,461 4,134 1.6 86
18. Electrical equipment 1,064 894 0.3 28.8
19. Machinery and equipment not elsewhere classified 2,759 2,885 1.1 32.7
20. Motor vehicles, trailers and semi-trailers 6,072 5,354 2.1 19.6
21. Other transport equipment 792 623 0.2 27.7
22. Furniture 18 32 0.0 7.2
23. Other manufacturing 14,664 13,941 5.4 29.8
24. Repair and installation of machinery and equipment 0 0 0.0 0.0
D. Electricity, gas, steam and air conditioning supply 994 1,395 0.5 51.8
E. Water supply; sewerage, waste management and remediation activities 33 29 0.0 12.7
F. Construction 3,211 2,477 1.0 26.1
G. Services 1,25,190 1,09,516 42.6 40.1
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 38,316 29,625 11.5 72.7
2. Transportation and storage 12,351 9,634 3.7 68.5
3. Accommodation and Food service activities 201 388 0.2 47.3
4. Information and communication 36,252 42,123 16.4 25.4
5. Financial and insurance activities 6,120 3,768 1.5 26.4
6. Real estate activities 734 505 0.2 60.7
7. Other Services activities 31,216 23,473 9.1 65.2
Total 3,05,494 2,57,079 100.0 43.9

Table 10D: Activity-wise Imports of 6,376 Overseas Subsidiaries of 3,819 Indian entities
(amount in ₹ crore)
Activity 2019-20 2020-21
Amount Amount % Share in Total % Share in Purchase
(1) (2) (3) (4) (5)
A. Agriculture-related, Plantations & Allied activities 1,042 1,329 0.5 83.6
B. Mining 7,832 7,402 2.7 73.3
C. Manufacturing 1,90,029 1,63,249 58.7 68.0
Manufacture of food products 4,287 4,944 1.8 59.6
Manufacture of beverages 239 543 0.2 34.8
Manufacture of tobacco products 576 443 0.2 61.4
Manufacture of textiles 1,480 1,795 0.6 87.9
Manufacture of wearing apparel 945 805 0.3 34.8
Manufacture of leather and related products 4,851 3,037 1.1 72.9
Manufacture of wood and products of wood and cork, except furniture 204 128 0.0 74.9
Manufacture of paper and paper products 245 346 0.1 41.8
Printing and reproduction of recorded media 31 41 0.0 80.4
Manufacture of coke and refined petroleum products 89,252 54,211 19.5 98.9
Manufacture of chemicals and chemical products 16,450 16,504 5.9 68.4
Manufacture of pharmaceuticals, medicinal chemical and botanical products 31,760 35,848 12.9 78.9
Manufacture of rubber and plastics products 1,490 1,522 0.5 69.1
Manufacture of other non-metallic mineral products 450 153 0.1 22.7
Manufacture of basic metals 2,940 5,234 1.9 74.6
Manufacture of fabricated metal products, except machinery and equipment 4,035 3,836 1.4 67.0
Manufacture of computer, electronic and optical products 2,934 3,907 1.4 93.2
Manufacture of electrical equipment 1,331 1,198 0.4 48.2
Manufacture of machinery and equipment not elsewhere classified 2,641 2,420 0.9 39.2
Manufacture of motor vehicles, trailers and semi-trailers 4,636 5,275 1.9 17.6
Manufacture of other transport equipment 1,122 1,019 0.4 69.0
Manufacture of furniture 236 215 0.1 87.0
Other manufacturing 17,894 19,825 7.1 56.1
Repair and installation of machinery and equipment 0 0 0.0 0.0
D. Electricity, gas, steam and air conditioning supply 395 399 0.1 23.2
E. Water supply; sewerage, waste management and remediation activities 17 6 0.0 2.4
F. Construction 661 6,183 2.2 83.4
G. Services 1,16,166 99,420 35.8 51.3
1. Wholesale and retail trade; repair of motor vehicles and motorcycles 32,490 26,225 9.4 70.4
2. Transportation and storage 5,755 3,663 1.3 28.9
3. Accommodation and Food service activities 192 238 0.1 38.6
4. Information and communication 42,592 42,051 15.1 40.7
5. Financial and insurance activities 3,926 3,558 1.3 36.8
6. Real estate activities 751 528 0.2 70.2
7. Other Services activities 30,460 23,157 8.3 78.6
Total 3,16,142 2,77,988 100.0 61.1

*: The previous data release in the series, covering 2019-20 census round, was published on April 1, 2021 on the RBI website.

#: Market value of equity of unlisted companies is compiled as per the own fund book value (OFBV) method prescribed in the Coordinated Direct Investment Survey Guide (2015) of the International Monetary Fund.


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