(a) whether there is a wide gap between the reported official and bottom
up data from the companies and foreign institution investments in regard to
export from India and FII inflow into India in the current year;
(b) if so, the reasons for the existence of such wide gaps;
(c) whether any analysis of the data has been done by the Government for
a better understanding of the nature and type of exports and foreign inflow; and
(d) if so, the details thereof ?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)
(a) to (d) Merchandise export and import are listed under the Current Account transaction
in the Balance of Payment. FII inflows are listed under the Capital Account transaction
in the Balance of Payment. Thus while both of them are constituents of the Balance of
Payment, they are strictly not comparable. Essentially, there is no direct linkage
between FII inflow (which is in the nature of investment) and export (which is part
of merchandise trade). The details of exports and net FII inflows to India both for
the whole year 2010-11 and for April-October, 2011are as under:
Value in US $ Million
2010-11 2011-12 (April- October)Export data is analysed from time to time both to understand its sectoral composition as well as geographical spread.
India’s total exports 251136 179777
Net FII inflows (a)Net inflows in equity segment 24295 918
(b) Net inflows in debt segment 7931 1758
Total ((a) + (b)) 32226 2676