India’s net international investment position, i.e.,
the stock of external assets net of the stock of external liabilities,
has witnessed continuous improvement in the recent years. Latest available
data on international investment position, which pertain to end-March
2005, show that India’s external assets continued to be dominated
by reserve assets. As regards external liabilities, the share of non-debt
liabilities such as direct and portfolio investment in total liabilities
has increased. Net external liabilities declined by US $ 6 billion during
2004-05 to US $ 41 billion at end-March 2005 as the increase in reserve
assets exceeded the expansion in international liabilities. Reflecting
these trends, the ratio of net external liabilities to GDP ratio has almost
halved since end-March 2003 to 6.3 per cent at end-March 2005.
| International Investment Position of India |
|
| (US $ billion) |
|
| Item |
End-March |
| 2003 PR |
2004 PR |
2005 P |
|
| A |
Assets |
095.6 |
137.1 |
169.3 |
|
| |
1. Direct Investment |
005.8 |
007.1 |
009.6 |
|
| |
2. Portfolio Investment |
000.8 |
000.8 |
000.8 |
|
| |
2.1 Equity Securities |
000.4 |
000.4 |
000.4 |
|
| |
2.2 Debt Securities |
000.4 |
000.4 |
000.4 |
|
| |
3. Other Investment |
012.9 |
016.3 |
017.4 |
|
| |
3.1 Trade Credits |
001.1 |
001.9 |
003.9 |
|
| |
3.2 Loans |
001.4 |
001.7 |
001.8 |
|
| |
3.3 Currency and Deposits |
007.5 |
009.6 |
008.3 |
|
| |
3.4 Other Assets |
002.9 |
003.1 |
003.3 |
|
| |
4. Reserve Assets |
076.1 |
113.0 |
141.5 |
| |
|
|
|
|
|
| B |
Liabilities |
156.0 |
184.1 |
210.1 |
|
| |
1. Direct Investment |
031.2 |
039.1 |
044.5 |
|
| |
2. Portfolio Investment |
032.4 |
043.7 |
055.5 |
|
| |
2.1 Equity Securities |
020.1 |
034.0 |
042.8 |
|
| |
2.2 Debt Securities |
012.3 |
009.8 |
012.7 |
|
| |
3. Other Investment |
092.4 |
101.3 |
110.2 |
|
| |
3.1 Trade Credits |
004.8 |
006.3 |
009.6 |
|
| |
3.2 Loans |
061.1 |
061.9 |
065.9 |
|
| |
3.3 Currency and Deposits |
025.6 |
032.2 |
033.5 |
|
| |
3.4 Other Liabilities |
000.9 |
000.9 |
01.2 |
|
| |
|
|
|
|
| C |
Net Position (A-B) |
-60.4 |
-47.0 |
-40.9 |
|
| |
|
|
|
|
| D |
Net Foreign Liabilities to GDP (%) |
012.7 |
008.1 |
006.3 |
|
Memo:
Debt Liabilities/Total Liabilities
Non-debt Liabilities/Total Liabilities |
|
| 067.1 |
060.3 |
058.5 |
| 032.9 |
039.7 |
041.5 |
|
PR: Partially revised. P: Provisional.
|
|
Source: Reserve Bank of India |
|
Sectorwise Classification of Approved Overseas
Investments
During the period from April 1999 to July 2006, the largest
amount of approvals for overseas investment was in the manufacturing sector
at US$ 10509 million(million) followed by financial and non-financial services
sector (including software development) at US$ 5187million, trading sector
at US$ 951 million and other activities at US$ 613 million respectively.
| (Amount in US$ million) |
|
| Year |
Manufacturing |
Financial services |
Non financial services |
Trading |
Others |
|
| 1999-00 |
548.840 |
4.260 |
1143.520 |
58.310 |
2.300 |
|
| 2000-01 |
370.740 |
16.610 |
876.530 |
89.170 |
29.140 |
|
| 2001-02 |
2210.900 |
48.620 |
565.490 |
139.180 |
61.340 |
|
| 2002-03 |
1056.740 |
1.820 |
280.170 |
69.880 |
61.690 |
|
| 2003-04 |
765.640 |
35.110 |
438.790 |
76.940 |
134.080 |
|
| 2004-05 |
2026.430 |
9.210 |
548.240 |
69.120 |
151.330 |
|
| 2005-06 |
1711.080 |
167.710 |
707.440 |
134.340 |
134.290 |
|
| 2006-07 (April-July 06) |
1818.582 |
4.513 |
339.290 |
314.398 |
38.602 |
|
| Total |
10508.950
(61%) |
287.853
(1.6%)
|
4899.470
(28.4%) |
951.338
(5.5) |
612.772
(3.5) |
|
| Source: Ministry of Finance |
Regionwise approved overseas
investments
In the year current financial 2006-07
(April-July 06), European Common Market Region (US$ 630.75 million) accounted
for major share of India's overseas investment followed by Other European
countries Region (US$ 623.59 million) and Organisation Commune African El Malagache
Region (US$ 529.02 million).
| 2006-07 (April – July 06) |
|
| Amount in US$ million |
|
| Name
of the Region |
No.
of approvals |
Equity |
Loan |
Guarantee |
Total |
|
| Central American Common
Market |
001 |
-- |
0.096 |
-- |
0.096 |
|
| Common Wealth of Independent
States |
006 |
4.506 |
6.002 |
|
10.508 |
|
| East African Community |
001 |
0.200 |
- |
- |
0.200 |
|
| East European countries |
002 |
0.528 |
|
|
0.528 |
|
| Economic Commission
for West Asia |
050 |
27.094 |
27.820 |
86.089 |
141.003 |
|
| European Common Market |
074 |
557.332 |
73.419 |
-- |
630.751 |
|
| European Free Trade
Area |
007 |
0.289 |
0.410 |
-- |
0.699 |
|
| Economic & Social Commission
for Asia & Pacific |
108 |
345.303 |
31.710 |
24.000 |
401.013 |
|
| North America |
114 |
145.360 |
13.516 |
5.600 |
164.476 |
|
| Organisation of African
Unity |
008 |
3.098 |
-- |
-- |
3.098 |
|
| Organisation Commune
African El Malagache |
036 |
336.850 |
181.171 |
11.000 |
529.021 |
|
| Other African countries |
007 |
9.942 |
0.078 |
-- |
10.020 |
|
| Other Central American
& Caribbean countries |
002 |
0.620 |
2.000 |
-- |
2.620 |
|
| Other European countries |
006 |
89.758 |
43.038 |
490.800 |
623.596 |
|
| South America |
003 |
0.239 |
0.130 |
2.400 |
2.769 |
|
| Total |
425 |
1521.119 |
374.390 |
619.889 |
2515.389 |
|
| Source: Ministry of Finance |
Countrywise Approved Indian Direct Investments in Joint
Ventures and Wholly Owned Subsidiaries
During the period from April 1996 to
July 2006, Russia was the largest recipient of approvals for Indian direct
investment at US$ 2828 million, followed by USA at US$ 2619 million, Mauritius at
US$ 1927 million, Sudan at US$ 1035 million and U.K at US$ 989 million.
During the year 2005-06, Brazil was the largest recipient
of approvals of Indian direct investment at US$ 420.12 million followed by Mauritius at US$ 332.66 million, Netherlands at US$ 284.62 million and USA at US$ 270.25 million.
| (Amount US$ million) |
|
| S.No |
Name
of
the country |
Apl.
1996 to
Mar 2002 |
2002-03 |
2003-04 |
2004-05 |
2005-06
(as on Feb. 06 |
Total |
|
| 1 |
Afghanistan |
-- |
-- |
--- |
--- |
0.055 |
0.055 |
|
| 2 |
Algeria |
-- |
-- |
0.54 |
0.25 |
0.235 |
1.025 |
|
| 3 |
Australia |
6.99 |
94.97 |
92.87 |
158.76 |
75.121 |
428.711 |
|
| 4 |
Austria |
77.64 |
--- |
--- |
0.11 |
--- |
77.750 |
|
| 5 |
Argentina |
0.30 |
--- |
--- |
--- |
--- |
0.300 |
|
| 6 |
Azerbaijan |
0.01 |
--- |
--- |
2.05 |
--- |
2.060 |
|
| 7 |
Bangladesh |
14.95 |
1.18 |
4.08 |
1.72 |
1.135 |
23.065 |
|
| 8 |
Bahamas |
0.01 |
--- |
0.02 |
--- |
--- |
0.030 |
|
| 9 |
Bahrain |
11.36 |
1.16 |
--- |
0.05 |
0.042 |
12.612 |
|
| 10 |
Belgium |
5.15 |
0.30 |
9.19 |
1.06 |
69.382 |
85.082 |
|
| 11 |
BritishVirgin Island |
776.53 |
3.27 |
4.92 |
131.41 |
26.304 |
942.434 |
|
| 12 |
Belize |
0.36 |
--- |
--- |
--- |
--- |
0.360 |
|
| 13 |
Bermuda |
232.63 |
28.95 |
142.46 |
221.26 |
2.600 |
627.900 |
|
| 14 |
Botswana |
3.46 |
--- |
0.05 |
0.02 |
0.017 |
3.547 |
|
| 15 |
Brazil |
12.98 |
5.17 |
4.95 |
17.21 |
9.943 |
50.253 |
|
| 16 |
Burkino Faso |
-- |
-- |
-- |
0.05 |
--- |
0.050 |
|
| 17 |
Channel Island |
13.64 |
0.49 |
--- |
3.61 |
37.490 |
55.230 |
|
| 18 |
Cameroon |
-- |
0.02 |
--- |
--- |
--- |
0.020 |
|
| 19 |
Canada |
5.58 |
2.34 |
0.66 |
0.80 |
1.557 |
10.937 |
|
| 20 |
Cayman Island |
11.63 |
--- |
--- |
2.76 |
82.437 |
96.926 |
|
| 21 |
Colombia |
16.23 |
--- |
--- |
--- |
--- |
16.23 |
|
| 22 |
Congo |
---- |
--- |
--- |
--- |
0.220 |
0.220 |
|
| 23 |
China |
38.35 |
29.55 |
26.59 |
15.13 |
51.757 |
161.377 |
|
| 24 |
Cambodia |
|
|
|
0.04 |
--- |
0.040 |
|
| 25 |
Cyprus |
1.85 |
--- |
0.03 |
1.93 |
9.163 |
12.973 |
|
|
| 26 |
Czech Republic |
-- |
-- |
0.01 |
0.35 |
0.421 |
0.781 |
|
| 27 |
Denmark |
0.01 |
--- |
--- |
6.78 |
16.516 |
23.306 |
|
| 28 |
Egypt |
8.49 |
0.01 |
--- |
3.07 |
0.100 |
11.67 |
|
| 29 |
Ethiopia |
0.54 |
0.57 |
0.22 |
0.20 |
1.796 |
3.326 |
|
| 30 |
France |
5.07 |
1.83 |
84.37 |
22.31 |
0.619 |
114.199 |
|
| 31 |
Finland |
2.40 |
--- |
--- |
0.03 |
--- |
2.430 |
|
| 32 |
Germany |
11.82 |
4.92 |
18.24 |
9.09 |
30.777 |
74.847 |
|
| 33 |
Georgia |
--- |
--- |
--- |
--- |
0.130 |
0.130 |
|
| 34 |
Ghana |
0.03 |
0.33 |
0.01 |
--- |
0.660 |
1.030 |
|
| 35 |
Greece |
0.05 |
--- |
--- |
--- |
--- |
0.050 |
|
| 36 |
Honduras Republic |
--- |
--- |
--- |
--- |
0.200 |
0.200 |
|
| 37 |
Hong Kong |
445.12 |
14.80 |
16.15 |
73.64 |
46.333 |
596.043 |
|
| 38 |
Hungary |
5.51 |
--- |
1.89 |
--- |
--- |
7.400 |
|
| 39 |
Indonesia |
20.19 |
0.12 |
19.30 |
80.80 |
7.818 |
128.188 |
|
| 40 |
Iraq |
|
--- |
--- |
--- |
--- |
5.000 |
|
| 41 |
Iran |
59.15 |
43.60 |
0.49 |
0.21 |
0.100 |
103.602 |
|
| 42 |
Israel |
2.88 |
--- |
--- |
0.68 |
--- |
3.560 |
|
| 43 |
Ireland |
43.46 |
--- |
4.63 |
1.93 |
3.112 |
53.132 |
|
| 44 |
Italy |
42.21 |
0.09 |
0.06 |
7.62 |
0.216 |
50.196 |
|
| 45 |
Ivory Coast |
0.01 |
--- |
--- |
7.24 |
6.852 |
14.102 |
|
| 46 |
Jordan |
0.03 |
-- |
--- |
--- |
-- |
0.030 |
|
| 47 |
Japan |
5.74 |
0.37 |
0.04 |
--- |
0.087 |
6.237 |
|
| 48 |
Kazakhstan |
4.44 |
0.11 |
74.96 |
44.00 |
9.600 |
133.110 |
|
| 49 |
Kenya |
12.75 |
0.59 |
1.77 |
0.19 |
0.250 |
15.550 |
|
| 50 |
Kuwait |
11.81 |
0.04 |
0.21 |
1.55 |
0.301 |
13.911 |
|
| 51 |
Kyrgyzstan |
7.98 |
0.15 |
--- |
2.75 |
2.000 |
12.880 |
|
| 52 |
North Korea |
-- |
-- |
51.51 |
--- |
--- |
51.510 |
|
| 53 |
South Korea |
0.45 |
--- |
--- |
1.55 |
--- |
2.000 |
|
| 54 |
Liechtenstein |
0.01 |
--- |
--- |
--- |
--- |
0.010 |
|
| 55 |
Luxembourg |
17.30 |
0.95 |
--- |
--- |
-- |
18.250 |
|
| 56 |
Libya |
30.00 |
--- |
--- |
--- |
25.280 |
55.280 |
|
| 57 |
Liberia |
0.28 |
--- |
--- |
--- |
--- |
0.280 |
|
| 58 |
Malta |
21.69 |
24.37 |
40.25 |
10.04 |
--- |
96.350 |
|
| 59 |
Mauritius |
618.34 |
133.35 |
175.59 |
149.38 |
306.585 |
1383.245 |
|
| 60 |
Myanmar |
8.07 |
--- |
4.31 |
--- |
--- |
12.380 |
|
| 61 |
Maldives |
21.00 |
--- |
--- |
--- |
--- |
21.000 |
|
| 62 |
Moldova |
--- |
--- |
--- |
3.75 |
1.500 |
5.250 |
|
| 63 |
Malaysia |
39.22 |
0.79 |
1.44 |
4.85 |
4.374 |
50.674 |
|
| 64 |
Republic of
Madagascar |
0.03 |
--- |
--- |
--- |
--- |
0.030 |
|
| 65 |
Morocco |
32.49 |
--- |
--- |
--- |
--- |
32.490 |
|
| 66 |
Mozambique |
-- |
-- |
-- |
2.55 |
7.515 |
10.065 |
|
| 67 |
Mexico |
0.70 |
0.50 |
--- |
0.26 |
0.400 |
1.860 |
|
| 68 |
Nepal |
67.00 |
5.69 |
5.32 |
3.86 |
0.793 |
82.663 |
|
| 69 |
Netherlands |
157.92 |
15.92 |
30.18 |
30.65 |
263.991 |
498.661 |
|
| 70 |
Niger |
--- |
--- |
--- |
--- |
0.010 |
0.010 |
|
| 71 |
Nigeria |
6.69 |
4.08 |
2.16 |
7.53 |
3.151 |
23.611 |
|
| 72 |
Namibia |
0.06 |
--- |
--- |
0.001 |
--- |
0.060 |
|
| 73 |
New Zealand |
0.13 |
0.57 |
0.03 |
0.00 |
0.102 |
0.832 |
|
| 74 |
Norway |
-- |
0.01 |
--- |
--- |
--- |
0.010 |
|
| 75 |
Oman |
204.88 |
0.35 |
1.51 |
5.00 |
2.256 |
214.377 |
|
| 76 |
Pakistan |
-- |
2.50 |
--- |
--- |
--- |
2.500 |
|
| 77 |
Philippines |
0.14 |
0.01 |
0.79 |
3.34 |
4.478 |
8.758 |
|
| 78 |
Poland |
0.11 |
0.12 |
0.37 |
0.50 |
0.483 |
1.583 |
|
| 79 |
Portugal |
3.01 |
--- |
--- |
--- |
--- |
3.010 |
|
| 80 |
Panama |
0.67 |
--- |
--- |
--- |
19.209 |
19.879 |
|
| 81 |
Qatar |
-- |
--- |
0.32 |
--- |
--- |
0.320 |
|
| 82 |
Romania |
-- |
--- |
0.10 |
--- |
10.506 |
10.606 |
|
| 83 |
Russia |
1748.68 |
0.15 |
1.43 |
1076.17 |
1.168 |
2827.598 |
|
| 84 |
South Africa |
21.56 |
0.07 |
0.79 |
2.88 |
10.311 |
35.611 |
|
| 85 |
Sierra Leone |
-- |
-- |
-- |
0.01 |
--- |
0.011 |
|
| 86 |
Saudi Arabia |
18.81 |
0.12 |
3.27 |
--- |
--- |
22.200 |
|
| 87 |
Senegal |
22.24 |
--- |
--- |
--- |
1.00 |
23.240 |
|
| 88 |
Singapore |
152.96 |
46.79 |
15.85 |
239.029 |
186.482 |
641.111 |
|
| 89 |
St. Vincent |
--- |
--- |
--- |
0.050 |
--- |
0.050 |
|
| 90 |
Sri Lanka |
61.58 |
6.60 |
44.52 |
9.95 |
17.154 |
139.804 |
|
| 91 |
Spain |
0.55 |
0.04 |
0.19 |
0.008 |
2.089 |
2.824 |
|
| 92 |
Sudan |
-- |
750.00 |
162.03 |
51.548 |
63.048 |
1026.626 |
|
| 93 |
Sweden |
0.64 |
0.01 |
2.16 |
--- |
4.500 |
7.310 |
|
| 94 |
Switzerland |
6.99 |
1.05 |
0.75 |
2.452 |
60.865 |
72.107 |
|
| 95 |
SyrianArab Republic |
--- |
--- |
9.45 |
--- |
--- |
9.450 |
|
| 96 |
Tajikistan |
0.36 |
--- |
--- |
0.041 |
--- |
0.401 |
|
| 97 |
Taiwan |
-- |
-- |
-- |
-- |
0.230 |
0.230 |
|
| 98 |
Thailand |
25.09 |
7.73 |
7.36 |
3.465 |
3.237 |
43.877 |
|
| 99 |
Tanzania |
4.02 |
0.01 |
0.08 |
0.342 |
--- |
4.452 |
|
| 100 |
Trinidad & Tobacco |
2.09 |
--- |
0.60 |
--- |
--- |
2.690 |
|
| 101 |
Turkey |
0.06 |
--- |
--- |
--- |
0.236 |
0.242 |
|
| 102 |
UAE |
110.24 |
12.60 |
32.07 |
41.851 |
121.390 |
318.151 |
|
| 103 |
Uganda |
2.44 |
--- |
0.010 |
0.190 |
-- |
2.640 |
|
| 104 |
U.K |
410.62 |
34.53 |
138.48 |
71.852 |
146.868 |
802.350 |
|
| 105 |
Ukraine |
0.70 |
--- |
--- |
3.960 |
-- |
4.660 |
|
| 106 |
USA |
1540.83 |
185.27 |
207.14 |
251.732 |
252.832 |
2437.804 |
|
| 107 |
Uruguay |
-- |
1.39 |
1.96 |
1.800 |
25.250 |
30.400 |
|
| 108 |
Uzbekistan |
25.73 |
1.56 |
0.16 |
0.177 |
0.027 |
27.654 |
|
| 109 |
Vanatua |
0.001 |
-- |
--- |
2.301 |
0.175 |
2.477 |
|
| 110 |
Vietnam |
228.79 |
0.06 |
0.04 |
0.055 |
--- |
228.945 |
|
| 111 |
Zambia |
2.35 |
-- |
--- |
0.105 |
--- |
2.455 |
|
| 112 |
Zanzibar |
0.09 |
--- |
--- |
--- |
--- |
0.090 |
|
| 113 |
Zimbabwe |
1.11 |
--- |
--- |
0.175 |
0.300 |
1.585 |
|
| Source: Ministry of Finance |
The overseas investment approvals have been steadily increasing
since 1996 both in terms of number of approvals and value. Indian investments
abroad has gone upto 1395 number of approval of (US$ 2855 million) in the financial
year 2005-2006 as compared to 290 approvals (US$ 557 million) in the fiunancial
year 1996-97, an increase of 380% in terms of number of approvals and
513% in terms of value of investments approved.
In the current financial year 2006-07
(April-July 06), 245 approvals were granted to Indian companies for overseas
investments worth US$ 2515 million as compared to 582 approvals worth US$ 798
million in the corresponding period of last year.
|
(Amount in USD million) |
|
Financial
Year |
No.of approvals
|
Equity |
Loan |
Guarantee |
Total |
Annual Cap |
Actual outflows
|
|
| 1996-97 |
290 |
363.73 |
37.76 |
155.12 |
556.61 |
500 |
204.99 |
|
| 1997-98 |
228 |
482.01 |
8.34 |
135.52 |
625.87 |
750 |
120.77 |
|
| 1998-99 |
275 |
144.98 |
18.48 |
86.21 |
249.67 |
750 |
142.83 |
|
| 1999-00 |
395 |
1298.93 |
50.44 |
407.64 |
1757.01 |
750 |
318.64 |
|
| 2000-01 |
714 |
1176.83 |
89.84 |
113.43 |
1380.10 |
1000 |
1211.85 |
|
| 2001-02 |
908 |
2712.46 |
157.21 |
155.86 |
3025.53 |
1000 |
981.67 |
|
| 2002-03 |
1034 |
1298.69 |
104.49 |
141.53 |
1544.71 |
1000 |
1799.08 |
|
| 2003-04 |
1214 |
822.40 |
229.90 |
413.84 |
1450.56 |
Annual ceiling removed
w.e.f. 1.4.2003 |
1494.26 |
|
| 2004-05 |
1281 |
2010.03 |
384.39 |
409.91 |
2804.33 |
---- |
1648.14 |
|
| 2005-06 |
1395 |
1887.87 |
629.74 |
337.32 |
2854.84 |
---- |
3342.13 |
|
| 2006-07 (April-July
06) |
425 |
1521.12 |
374.39 |
619.89 |
2515.40 |
---- |
501.71 |
|
| Source: Ministry of Finance |
Actual outflows of overseas investments
Actual outflows rose from US$ 205 million
in 1996-97 and to US$ 3342 million in the year 2005-06 a jump of 1530%.
In the current financial year 2006-07
(April - July 06), actual outflows stood at US$ 502 million as compared to
US$ 622 million in the corresponding period of last year.
|
US$/million |
|
| Financial year |
Equity |
Loan |
Invoked guarantee |
Total |
|
| 1999-2000 |
314.31 |
3.93 |
0.40 |
318.64 |
|
| 2000-2001 |
1138.32 |
68.55 |
4.98 |
1211.85 |
|
| 2001-2002 |
859.82 |
121.43 |
0.42 |
981.67 |
|
| 2002-2003 |
1698.70 |
100.38 |
-- |
1799.08 |
|
| 2003-2004 |
1233.91 |
260.35 |
-- |
1494.26 |
|
| 2004-2005 |
1259.96 |
388.18 |
--- |
1648.14 |
|
| 2005-2006 |
2547.82 |
791.31 |
3.00 |
3342.13 |
|
| 2006-2007 (April-July 06) |
366.08
(420.35) |
90.57
(191.18) |
--
(--) |
501.71@
(621.53) |
|
| Source: Ministry of Finance |
Note – Figures in brackets represent
the amount for the corresponding period in the previous year.
@ Includes remittance of US$45.06 million made under automatic
route not taken into the system.
Inflows from Joint Ventures (JVs)/Wholly
Owned Subsidiaries(WOSs)
Foreign exchange inflows from Indian
overseas investments in joint ventures and wholly owned subsidiaries have
been steadily rising. While inflows rose from US$ 49 million 1999-2000 to US$
51 million in 2000-01, there was more than six fold increase in 2003-04 when
the inflows aggregated US$ 351 million. Thereafter,
the inflows have declined to US$ 90.73 million and US$ 67.59 million in the year
2004-05 and 2005-06 respectively.
The inflows during the current financial
year 2006-07 (April-July 06) by way of repatriation of dividend etc. from
overseas JV/WOS was US$ 14 million and non equity exports was Rs.182 crores.
|
US$ million |
|
| Financial
year |
Dividend |
Others
(Tech.know-how, royalty, Engg. fees, consultancy etc.) |
Total
@ |
Non-equity exports
(Rs. in crs) |
|
| 1999-2000
|
17.63 |
031.56 |
049.19 |
0555.30
|
|
| 2000-2001
|
12.50 |
038.93 |
051.43 |
1325.80
|
|
| 2001-2002
|
36.31 |
242.97
|
279.28
|
1889.68
|
|
| 2002-2003
|
33.60 |
068.66 |
102.26
|
1007.07
|
|
| 2003-04
|
26.24 |
324.49
|
350.73
|
0627.08
|
|
| 2004-05
|
24.23 |
066.50 |
090.73 |
0854.06 |
|
| 2005-06 |
12.02 |
055.57 |
067.59 |
1116.43 |
|
2006-07
(April-July 06) |
02.69
(7.16) |
011.42
(31.62) |
014.11
(38.78) |
181.86
(297.05) |
|
| Source: Ministry of Finance |
