Lok Sabha Question No. 558 (UNSTARRED), answered on 2023-07-24
Subject: FDI Equity Inflow
Ministry: FINANCE
Asked by: T.N. Prathapan, A. Chellakumar, K. Muraleedharan, Vincent H Pala, Kumbakudi Sudhakaran, Adoor Prakash

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 558

TO BE ANSWERED ON MONDAY, JULY 24, 2023

## FDI EQUITY INFLOW

558. SHRI T.N. PRATHAPAN: DR. A. CHELLAKUMAR: SHRI K. MURALEEDHARAN: SHRI VINCENT H. PALA: SHRI KUMBAKUDI SUDHAKARAN: ADV. ADOOR PRAKASH:

## Will the Minister of FINANCE be pleased to state:

- (a) the sector-wise details of FDI equity inflow to India during the last five years;
- (b)  whether  there  has  been  a  14  per  cent  decline  in  Foreign  Direct  Investment    (FDI) inflows from April-September 2021 to April-September 2022, from $31.15 billion to $26.91 billion and if so, the reasons therefor;
- (c)    the  steps  taken  or  likely  to  be  taken  by  the  Government  to  attract  foreign investment in major industrial sectors, especially in renewable energy;
- (d)  whether the Government has taken note that the service sector receives the highest FDI share; and
- (e)  if so, whether the Government has any plan to increase FDI in the manufacturing sector in the country and if so, the details thereof?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI PANKAJ CHAUDHARY)

- (a) The  sector-wise  details  of  FDI  equity  inflow  to  India  during  the  last  five  years  are  at Annexure I.
- (b) Details  of  the  FDI  inflow  and  FDI  equity  inflow  reported  during  the  period  April  to September, 2021 and April to September, 2022 is as under:

| (Amount in USD billion)   | (Amount in USD billion)   | (Amount in USD billion)   | (Amount in USD billion)   |
|---------------------------|---------------------------|---------------------------|---------------------------|
| S. No.                    | Period                    | FDI Inflow                | FDI Equity Inflow         |
| 1                         | April- September, 2021    | 42.52                     | 31.15                     |
| 2                         | April- September, 2022    | 39.37                     | 26.91                     |
|                           | Growth                    | - 7%                      | - 14%                     |

Source: DPIIT, MoC&I

The Foreign Direct Investment inflow into a country depends on a host of factors such as availability of natural resources, macro-economic stability, investment decision of foreign investors, global investment climate and central bank interest rates. FDI inflow have also been  impacted  by  threat  of  global  recession,  economic  crisis  due  to  Russia-Ukraine conflict, global protectionist measures and decline of real GDP growth rates of Singapore, USA and UK which are the major source countries for FDI.

- (c)  To attract more FDI, Government has put in place an investor friendly FDI policy, wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route. The policy on FDI is reviewed on an ongoing basis, to ensure that India  remains  an  attractive  and  investor  friendly  destination.  FDI  policy  provisions  have been progressively  liberalized  and  simplified  across  various  sectors.  In  the  recent  past, reforms in the FDI Policy have been undertaken in sectors such as Defence, Insurance, Petroleum  &  Natural  Gas  and  Telecom.  There  is  no  specific  entry  with  respect  to renewable energy sector in the extant FDI Policy. However, FDI is permitted up to 100% on  the  automatic  route  in  sectors  such  as  renewable  energy,  subject  to  applicable laws/rules/regulations; security and other conditionalities.
- (d) Service Sector (Financial, Banking, Insurance, Non-Financial/Business, Outsourcing, R&D, Courier,  Tech.  Testing  and  Analysis,  Other ) is  among  the  top  5  sectors  to  receive  FDI equity  Inflow . The  financial  year-wise  &  sector-wise  detail  which  includes  the  sector namely  'Service  Sector'  for  the  last  five  years  (April  2018-March  2023)  is  placed  at Annexure II.
- (e)  The Government has inked provisions in FDI Policy with respect to manufacturing quoted below;

'5.2.5.1 Subject to the provisions of the FDI policy, foreign investment in 'manufacturing' sector is under automatic route. Manufacturing activities may be either self-manufacturing by  the  investee  entity  or  contract manufacturing in  India  through  a legally  tenable  contract,  whether on Principal to Principal or Principal to Agent basis. Further, a manufacturer is permitted to sell its products manufactured in India through wholesale and/or retail, including through e-commerce, without Government approval.'

****

## Annexure I

| SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW                                                                               | SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW   | SECTOR-WISE FDI EQUITY INFLOW   |
|---------------------------------|-------------------------------------------------------------------------------------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|
| FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023                                                                                | FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023    | FROMApril 2018 TO March 2023    |
| Sr.No.                          | Sector                                                                                                      | 2018-19                         | 2019-20                         | 2020-21                         | 2021-22                         | 2022-23                         | Cumulative FDI Equity Inflow    |
| (1)                             | (2)                                                                                                         | (3)                             | (4)                             | (5)                             | (6)                             | (7)                             | (8)                             |
| 1                               | AGRICULTURAL MACHINERY                                                                                      | 5.78                            | 102.31                          | 142.59                          | 268.73                          | 742.06                          | 1,261.48                        |
| 2                               | AGRICULTURE SERVICES                                                                                        | 88.96                           | 52.28                           | 117.14                          | 258.47                          | 450.7                           | 967.56                          |
| 3                               | AIR TRANSPORT (INCLUDING AIR FREIGHT)                                                                       | 190.64                          | 918.3                           | 204.1                           | 584.83                          | 215.73                          | 2,113.59                        |
| 4                               | AUTOMOBILE INDUSTRY                                                                                         | 2,623.22                        | 2,824.03                        | 1,637.44                        | 6,993.55                        | 1,902.21                        | 15,980.45                       |
| 5                               | BOILERS AND STEAM GENERATING PLANTS                                                                         | 0.01                            | 0.08                            | 0.9                             | -                               | -                               | 0.99                            |
| 6                               | CEMENT AND GYPSUM PRODUCTS                                                                                  | 17.61                           | 5.1                             | 3.78                            | 204.41                          | 1.89                            | 232.8                           |
| 7                               | CERAMICS                                                                                                    | 58.09                           | 2.77                            | 20.61                           | 1.34                            | 83.24                           | 166.05                          |
| 8                               | CHEMICALS (OTHER THAN FERTILIZERS)                                                                          | 1,980.99                        | 1,057.51                        | 847.07                          | 965.78                          | 1,850.01                        | 6,701.36                        |
| 9                               | COMMERCIAL, OFFICE &HOUSEHOLD EQUIPMENTS                                                                    | 11.78                           | 2.65                            | 47.25                           | 17.24                           | 20.07                           | 99                              |
| 10                              | COMPUTER SOFTWARE &HARDWARE                                                                                 | 6,415.21                        | 7,673.32                        | 26,144.69                       | 14,461.35                       | 9,394.22                        | 64,088.79                       |
| 11                              | CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES                                                                    | 2,258.00                        | 2,041.72                        | 7,874.54                        | 3,247.51                        | 1,703.40                        | 17,125.17                       |
| 12                              | CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects | 213.15                          | 616.54                          | 422.09                          | 124.99                          | 146.62                          | 1,523.39                        |
| 13                              | CONSULTANCY SERVICES                                                                                        | 410.61                          | 1,046.80                        | 938.44                          | 1,150.40                        | 605.43                          | 4,151.69                        |
| 14                              | DEFENCE INDUSTRIES                                                                                          | 2.18                            | 2.2                             | 0.63                            | 2.36                            | 3.27                            | 10.66                           |
| 15                              | DIAMOND,GOLD ORNAMENTS                                                                                      | 29.15                           | 18.87                           | 13.83                           | 22.22                           | 25.5                            | 109.56                          |
| 16                              | DRUGS& PHARMACEUTICALS                                                                                      | 265.97                          | 517.79                          | 1,490.49                        | 1,414.24                        | 2,058.42                        | 5,746.91                        |
| 17                              | DYE-STUFFS                                                                                                  | 1.52                            | 5.14                            | 4.44                            | 2.94                            | 1.15                            | 15.2                            |
| 18                              | EARTH-MOVING MACHINERY                                                                                      | 34.16                           | 14.08                           | 39.39                           | 60.6                            | 33.2                            | 181.42                          |
| 19                              | EDUCATION                                                                                                   | 776.73                          | 766.15                          | 1,250.37                        | 3,228.68                        | 1,443.24                        | 7,465.16                        |
| 20                              | ELECTRICAL EQUIPMENTS                                                                                       | 976.5                           | 572.01                          | 1,411.95                        | 683.7                           | 909.11                          | 4,553.26                        |
| 21                              | ELECTRONICS                                                                                                 | 451.88                          | 422.37                          | 375.31                          | 417                             | 539.98                          | 2,206.54                        |

|   22 | FERMENTATION INDUSTRIES                               | 149.49   | 313.67   | 84.77    | 869.52   | 307.22   | 1,724.67   |
|------|-------------------------------------------------------|----------|----------|----------|----------|----------|------------|
|   23 | FERTILIZERS                                           | 86.73    | 9.12     | 17.89    | 6.07     | 9.34     | 129.15     |
|   24 | FOOD PROCESSING INDUSTRIES                            | 628.24   | 904.7    | 393.41   | 709.71   | 895.84   | 3,531.90   |
|   25 | GLASS                                                 | 35.38    | 23.97    | 42.36    | 588.22   | 58.07    | 748        |
|   26 | GLUE AND GELATIN                                      | 13.29    | 2.76     | 0.74     | 4.56     | 9.6      | 30.95      |
|   27 | HOSPITAL& DIAGNOSTIC CENTRES                          | 1,044.61 | 634.73   | 501.16   | 697.5    | 809.6    | 3,687.61   |
|   28 | HOTEL &TOURISM                                        | 1,075.75 | 2,937.79 | 368.96   | 729.08   | 328.04   | 5,439.61   |
|   29 | INDUSTRIAL INSTRUMENTS                                | 1.62     | 8.32     | 0.7      | 0.11     | -        | 10.75      |
|   30 | INDUSTRIAL MACHINERY                                  | 338.18   | 424.63   | 253.33   | 320.66   | 260.88   | 1,597.68   |
|   31 | INFORMATION& BROADCASTING (INCLUDING PRINT MEDIA)     | 1,252.36 | 823.4    | 313.89   | 152.27   | 465.61   | 3,007.54   |
|   32 | LEATHER,LEATHER GOODS AND PICKERS                     | 4.52     | 12.6     | 8.89     | 7.15     | 33.11    | 66.27      |
|   33 | MACHINE TOOLS                                         | 44.93    | 28.83    | 20.91    | 31.23    | 42.95    | 168.85     |
|   34 | MEDICAL AND SURGICAL APPLIANCES                       | 156.72   | 308.71   | 68.91    | 208.05   | 397.2    | 1,139.59   |
|   35 | METALLURGICAL INDUSTRIES                              | 598.84   | 2,100.65 | 1,340.47 | 2,272.35 | 218.59   | 6,530.90   |
|   36 | MINING                                                | 224.16   | 199.23   | 168.77   | 344.61   | 167.15   | 1,103.91   |
|   37 | MISCELLANEOUS INDUSTRIES                              | 454.04   | 839      | 767.52   | 492.91   | 409.94   | 2,963.40   |
|   38 | MISCELLANEOUS MECHANICAL& ENGINEERING INDUSTRIES      | 162.67   | 54.36    | 64.1     | 411.17   | 103.58   | 795.89     |
|   39 | NON-CONVENTIONAL ENERGY                               | 1,446.16 | 1,393.39 | 797.21   | 1,600.93 | 2,499.99 | 7,737.67   |
|   40 | PAPER AND PULP (INCLUDING PAPER PRODUCTS)             | 38       | 49.96    | 22.42    | 158.48   | 27.23    | 296.08     |
|   41 | PETROLEUM& NATURAL GAS                                | 149.26   | 805.76   | 102.77   | 56.41    | 107.55   | 1,221.75   |
|   42 | POWER                                                 | 1,105.64 | 672.16   | 373.63   | 525.66   | 697.92   | 3,375.01   |
|   43 | PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS)        | 244.92   | 85.35    | 279.97   | 25.08    | 115.26   | 750.57     |
|   44 | PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY) | 549.8    | 374.3    | 81.21    | 316.95   | 76.37    | 1,398.63   |
|   45 | RAILWAY RELATED COMPONENTS                            | 72.19    | 138.32   | 119.64   | 1.26     | 2.83     | 334.24     |
|   46 | RETAIL TRADING                                        | 442.83   | 471.84   | 1,338.07 | 497.13   | 506.71   | 3,256.58   |
|   47 | RUBBER GOODS                                          | 184.07   | 81.21    | 265.94   | 70.73    | 160.17   | 762.12     |
|   48 | SCIENTIFIC INSTRUMENTS                                | 3.15     | 23.23    | 9.42     | 7.57     | 70.33    | 113.7      |

| 49   | SEA TRANSPORT                                                                                                                           | 279.25    | 198.58    | 294.2     | 393.81    | 529.8     | 1,695.65    |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|-----------|-----------|-----------|-----------|-----------|-------------|
| 50   | SERVICES SECTOR (Financial., Banking, Insurance, Non Financial/ Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other) | 9,146.14  | 7,852.95  | 5,060.22  | 7,131.44  | 8,706.93  | 37,897.68   |
| 51   | SOAPS, COSMETICS& TOILET PREPARATIONS                                                                                                   | 154.09    | 99.05     | 103.53    | 548.89    | 111.57    | 1,017.13    |
| 52   | SUGAR                                                                                                                                   | 1.1       | 0.46      | 24.94     | 0.55      | 6.05      | 33.1        |
| 53   | TEA AND COFFEE (PROCESSING& WAREHOUSING COFFEE &RUBBER)                                                                                 | 13.64     | 6.88      | 8.65      | 3.09      | 71.22     | 103.48      |
| 54   | TELECOMMUNICATIONS                                                                                                                      | 2,667.91  | 4,445.16  | 392.11    | 668.14    | 712.95    | 8,886.27    |
| 55   | TEXTILES (INCLUDING DYED,PRINTED)                                                                                                       | 198.14    | 323.52    | 298.67    | 247.75    | 154.72    | 1,222.80    |
| 56   | TIMBER PRODUCTS                                                                                                                         | 7.75      | 12.62     | 5.89      | 20.45     | 22.24     | 68.94       |
| 57   | TRADING                                                                                                                                 | 4,462.13  | 4,573.82  | 2,608.22  | 4,537.59  | 4,792.28  | 20,974.05   |
| 58   | VEGETABLE OILS AND VANASPATI                                                                                                            | 116.22    | 79.97     | 44.97     | 5.85      | 15.74     | 262.75      |
|      | Total:                                                                                                                                  | 44,366.03 | 49,977.05 | 59,635.54 | 58,773.27 | 46,034.05 | 2,58,785.94 |

## Annexure II

| FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW                                                                                                  | FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW   | FINANCIAL YEAR WISE FDI EQUITY INFLOW   |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|
| FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023                                                                                                           | FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023            | FROMApril 2018 TO March 2023            |
| Sr.No.                                  | Sector                                                                                                                                 | 2018-19                                 | 2019-20                                 | 2020-21                                 | 2021-22                                 | 2022-23                                 | Cumulative FDI Equity Inflow            |
| 1                                       | 2                                                                                                                                      | 3                                       | 4                                       | 5                                       | 6                                       | 7                                       | 8                                       |
| 1                                       | COMPUTER SOFTWARE &HARDWARE                                                                                                            | 6,415.21                                | 7,673.32                                | 26,144.69                               | 14,461.35                               | 9,394.22                                | 64,088.79                               |
| 2                                       | SERVICES SECTOR (Financial, Banking, Insurance, Non-Financial/ Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other) | 9,146.14                                | 7,852.95                                | 5,060.22                                | 7,131.44                                | 8,706.93                                | 37,897.68                               |
| 3                                       | TRADING                                                                                                                                | 4,462.13                                | 4,573.82                                | 2,608.22                                | 4,537.59                                | 4,792.28                                | 20,974.05                               |
| 4                                       | CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES                                                                                               | 2,258.00                                | 2,041.72                                | 7,874.54                                | 3,247.51                                | 1,703.40                                | 17,125.17                               |
| 5                                       | AUTOMOBILE INDUSTRY                                                                                                                    | 2,623.22                                | 2,824.03                                | 1,637.44                                | 6,993.55                                | 1,902.21                                | 15,980.45                               |
| 6                                       | TELECOMMUNICATIONS                                                                                                                     | 2,667.91                                | 4,445.16                                | 392.11                                  | 668.14                                  | 712.95                                  | 8,886.27                                |
| 7                                       | NON-CONVENTIONAL ENERGY                                                                                                                | 1,446.16                                | 1,393.39                                | 797.21                                  | 1,600.93                                | 2,499.99                                | 7,737.67                                |
| 8                                       | EDUCATION                                                                                                                              | 776.73                                  | 766.15                                  | 1,250.37                                | 3,228.68                                | 1,443.24                                | 7,465.16                                |
| 9                                       | CHEMICALS (OTHER THAN FERTILIZERS)                                                                                                     | 1,980.99                                | 1,057.51                                | 847.07                                  | 965.78                                  | 1,850.01                                | 6,701.36                                |
| 10                                      | METALLURGICAL INDUSTRIES                                                                                                               | 598.84                                  | 2,100.65                                | 1,340.47                                | 2,272.35                                | 218.59                                  | 6,530.90                                |
| 11                                      | DRUGS& PHARMACEUTICALS                                                                                                                 | 265.97                                  | 517.79                                  | 1,490.49                                | 1,414.24                                | 2,058.42                                | 5,746.91                                |
| 12                                      | HOTEL &TOURISM                                                                                                                         | 1,075.75                                | 2,937.79                                | 368.96                                  | 729.08                                  | 328.04                                  | 5,439.61                                |
| 13                                      | ELECTRICAL EQUIPMENTS                                                                                                                  | 976.50                                  | 572.01                                  | 1,411.95                                | 683.70                                  | 909.11                                  | 4,553.26                                |
| 14                                      | CONSULTANCY SERVICES                                                                                                                   | 410.61                                  | 1,046.80                                | 938.44                                  | 1,150.40                                | 605.43                                  | 4,151.69                                |
| 15                                      | HOSPITAL& DIAGNOSTIC CENTRES                                                                                                           | 1,044.61                                | 634.73                                  | 501.16                                  | 697.50                                  | 809.60                                  | 3,687.61                                |
| 16                                      | FOOD PROCESSING INDUSTRIES                                                                                                             | 628.24                                  | 904.70                                  | 393.41                                  | 709.71                                  | 895.84                                  | 3,531.90                                |
| 17                                      | POWER                                                                                                                                  | 1,105.64                                | 672.16                                  | 373.63                                  | 525.66                                  | 697.92                                  | 3,375.01                                |
| 18                                      | RETAIL TRADING                                                                                                                         | 442.83                                  | 471.84                                  | 1,338.07                                | 497.13                                  | 506.71                                  | 3,256.58                                |
| 19                                      | INFORMATION& BROADCASTING (INCLUDING PRINT MEDIA)                                                                                      | 1,252.36                                | 823.40                                  | 313.89                                  | 152.27                                  | 465.61                                  | 3,007.54                                |
| 20                                      | MISCELLANEOUS INDUSTRIES                                                                                                               | 454.04                                  | 839.00                                  | 767.52                                  | 492.91                                  | 409.94                                  | 2,963.40                                |
| 21                                      | ELECTRONICS                                                                                                                            | 451.88                                  | 422.37                                  | 375.31                                  | 417.00                                  | 539.98                                  | 2,206.54                                |
| 22                                      | AIR TRANSPORT (INCLUDING AIR FREIGHT)                                                                                                  | 190.64                                  | 918.30                                  | 204.10                                  | 584.83                                  | 215.73                                  | 2,113.59                                |
| 23                                      | FERMENTATION INDUSTRIES                                                                                                                | 149.49                                  | 313.67                                  | 84.77                                   | 869.52                                  | 307.22                                  | 1,724.67                                |

|   24 | SEA TRANSPORT                                                                                               |   279.25 |   198.58 |   294.20 |   393.81 |   529.80 | 1,695.65   |
|------|-------------------------------------------------------------------------------------------------------------|----------|----------|----------|----------|----------|------------|
|   25 | INDUSTRIAL MACHINERY                                                                                        |   338.18 |   424.63 |   253.33 |   320.66 |   260.88 | 1,597.68   |
|   26 | CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects |   213.15 |   616.54 |   422.09 |   124.99 |   146.62 | 1,523.39   |
|   27 | PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY)                                                       |   549.8  |   374.3  |    81.21 |   316.95 |    76.37 | 1,398.63   |
|   28 | AGRICULTURAL MACHINERY                                                                                      |     5.78 |   102.31 |   142.59 |   268.73 |   742.06 | 1,261.48   |
|   29 | TEXTILES (INCLUDING DYED,PRINTED)                                                                           |   198.14 |   323.52 |   298.67 |   247.75 |   154.72 | 1,222.80   |
|   30 | PETROLEUM& NATURAL GAS                                                                                      |   149.26 |   805.76 |   102.77 |    56.41 |   107.55 | 1,221.75   |
|   31 | MEDICAL AND SURGICAL APPLIANCES                                                                             |   156.72 |   308.71 |    68.91 |   208.05 |   397.2  | 1,139.59   |
|   32 | MINING                                                                                                      |   224.16 |   199.23 |   168.77 |   344.61 |   167.15 | 1,103.91   |
|   33 | SOAPS, COSMETICS& TOILET PREPARATIONS                                                                       |   154.09 |    99.05 |   103.53 |   548.89 |   111.57 | 1,017.13   |
|   34 | AGRICULTURE SERVICES                                                                                        |    88.96 |    52.28 |   117.14 |   258.47 |   450.7  | 967.56     |
|   35 | MISCELLANEOUS MECHANICAL& ENGINEERING INDUSTRIES                                                            |   162.67 |    54.36 |    64.1  |   411.17 |   103.58 | 795.89     |
|   36 | RUBBER GOODS                                                                                                |   184.07 |    81.21 |   265.94 |    70.73 |   160.17 | 762.12     |
|   37 | PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS)                                                              |   244.92 |    85.35 |   279.97 |    25.08 |   115.26 | 750.57     |
|   38 | GLASS                                                                                                       |    35.38 |    23.97 |    42.36 |   588.22 |    58.07 | 748.00     |
|   39 | RAILWAY RELATED COMPONENTS                                                                                  |    72.19 |   138.32 |   119.64 |     1.26 |     2.83 | 334.24     |
|   40 | PAPER AND PULP (INCLUDING PAPER PRODUCTS)                                                                   |    38    |    49.96 |    22.42 |   158.48 |    27.23 | 296.08     |
|   41 | VEGETABLE OILS AND VANASPATI                                                                                |   116.22 |    79.97 |    44.97 |     5.85 |    15.74 | 262.75     |
|   42 | CEMENT AND GYPSUM PRODUCTS                                                                                  |    17.61 |     5.1  |     3.78 |   204.41 |     1.89 | 232.80     |
|   43 | EARTH-MOVING MACHINERY                                                                                      |    34.16 |    14.08 |    39.39 |    60.6  |    33.2  | 181.42     |
|   44 | MACHINE TOOLS                                                                                               |    44.93 |    28.83 |    20.91 |    31.23 |    42.95 | 168.85     |
|   45 | CERAMICS                                                                                                    |    58.09 |     2.77 |    20.61 |     1.34 |    83.24 | 166.05     |
|   46 | FERTILIZERS                                                                                                 |    86.73 |     9.12 |    17.89 |     6.07 |     9.34 | 129.15     |
|   47 | SCIENTIFIC INSTRUMENTS                                                                                      |     3.15 |    23.23 |     9.42 |     7.57 |    70.33 | 113.70     |
|   48 | DIAMOND,GOLD ORNAMENTS                                                                                      |    29.15 |    18.87 |    13.83 |    22.22 |    25.5  | 109.56     |
|   49 | TEA AND COFFEE (PROCESSING& WAREHOUSING COFFEE                                                              |    13.64 |     6.88 |     8.65 |     3.09 |    71.22 | 103.48     |

|    | &RUBBER)                                 |           |           |           |           |           |             |
|----|------------------------------------------|-----------|-----------|-----------|-----------|-----------|-------------|
| 50 | COMMERCIAL, OFFICE &HOUSEHOLD EQUIPMENTS | 11.78     | 2.65      | 47.25     | 17.24     | 20.07     | 99.00       |
| 51 | TIMBER PRODUCTS                          | 7.75      | 12.62     | 5.89      | 20.45     | 22.24     | 68.94       |
| 52 | LEATHER,LEATHER GOODS AND PICKERS        | 4.52      | 12.60     | 8.89      | 7.15      | 33.11     | 66.27       |
| 53 | SUGAR                                    | 1.10      | 0.46      | 24.94     | 0.55      | 6.05      | 33.10       |
| 54 | GLUE AND GELATIN                         | 13.29     | 2.76      | 0.74      | 4.56      | 9.60      | 30.95       |
| 55 | DYE-STUFFS                               | 1.52      | 5.14      | 4.44      | 2.94      | 1.15      | 15.20       |
| 56 | INDUSTRIAL INSTRUMENTS                   | 1.62      | 8.32      | 0.70      | 0.11      | -         | 10.75       |
| 57 | DEFENCE INDUSTRIES                       | 2.18      | 2.20      | 0.63      | 2.36      | 3.27      | 10.66       |
| 58 | BOILERS AND STEAM GENERATING PLANTS      | 0.01      | 0.08      | 0.90      | -         | -         | 0.99        |
|    | Total:                                   | 44,366.03 | 49,977.05 | 59,635.54 | 58,773.27 | 46,034.05 | 2,58,785.94 |