11102013
ECBs stands at US$2.31bn during Aug 2013
Indian firms have raised US$ 2.31 bn through external commercial borrowings (ECBs) in the month of Aug 2013 and US$3.71 bn during July 2013 by automatic and approval route. The borrowings stood at US$ 2.31 bn in Aug 2013 as compared to US$ 2.36 bn in Aug 2012.
External commercial borrowings (ECBs) since April 2011 (US$bn)
Source: PHD Research Bureau, compiled from RBI
Note: ECB contains both automatic and approval routes
India has received gross ECBs worth around US$233 bn between FY2001 and FY2014 (till Aug 2013).
Gross ECB Inflows (US$bn)
Source: PHD Research Bureau, compiled from RBI
* Data pertains till Aug 2013
Note: ECB contains both automatic and approval routes
A closer look at the ECBs pattern reveals that the lion’s share in ECB during the month of Aug 2013 is held by others* contributing to about 22% of the total, followed rupee expenditure Loc.CG at around 20%, refinancing of old loans at around 18% and import of capital goods at about 17%.
Pattern showing ECBs during Aug 2013 (% share in total)
Source: PHD Research Bureau, compiled from RBI
Note: ECB contains automatic& approval route both
*Others include the external commercial borrowings by Oil and Engineering companies, however, the purposes is not mentioned in the release.
Warm regards,
Dr. S P Sharma
Chief Economist
11102013
ECBs stands at US$2.31bn during Aug 2013
Indian firms have raised US$ 2.31 bn through external commercial borrowings (ECBs) in the month of Aug 2013 and US$3.71 bn during July 2013 by automatic and approval route. The borrowings stood at US$ 2.31 bn in Aug 2013 as compared to US$ 2.36 bn in Aug 2012.
External commercial borrowings (ECBs) since April 2011 (US$bn)
Source: PHD Research Bureau, compiled from RBI
Note: ECB contains both automatic and approval routes
India has received gross ECBs worth around US$233 bn between FY2001 and FY2014 (till Aug 2013).
Gross ECB Inflows (US$bn)
Source: PHD Research Bureau, compiled from RBI
* Data pertains till Aug 2013
Note: ECB contains both automatic and approval routes
A closer look at the ECBs pattern reveals that the lion’s share in ECB during the month of Aug 2013 is held by others* contributing to about 22% of the total, followed rupee expenditure Loc.CG at around 20%, refinancing of old loans at around 18% and import of capital goods at about 17%.
Pattern showing ECBs during Aug 2013 (% share in total)
Source: PHD Research Bureau, compiled from RBI
Note: ECB contains automatic& approval route both
*Others include the external commercial borrowings by Oil and Engineering companies, however, the purposes is not mentioned in the release.
Warm regards,
Dr. S P Sharma
Chief Economist
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