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Document - 46 A. Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals () or PDF - 46 A. Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals ()
46 A. Outward Remittances under the Liberalised Remittance Scheme for Resident Individuals
Date : Oct 12, 2009

(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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