{
 "meta": {
  "dossier": "markets-companies",
  "source": "Reserve Bank of India, studies of company finances (DBIE, via the local Data Bank)",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Each study is final for its own sample of companies; a later study re-measures the earlier year on a different sample, kept beside it, never chained.",
  "frequency": "annual",
  "base": "Old reporting format (studies 2011-12 to 2018-19)",
  "product": "DBIE report 1180",
  "companyType": "Foreign direct investment companies",
  "statement": "Growth rates",
  "cut": "Public or private limited",
  "studies": [
   "2012-13",
   "2013-14",
   "2014-15",
   "2015-16",
   "2016-17",
   "2017-18",
   "2018-19"
  ],
  "coverage": "Foreign direct investment companies: growth rates, by public or private limited, from the RBI's annual studies (2012-13 to 2018-19 studies)",
  "unit": "pct",
  "studyOffset": 1,
  "note": "The figure for a year as re-measured in the study 1 year later, on that later study's sample. Kept apart from the year's own study (the bundle without -prior), never mixed.",
  "latestPeriod": "2017-04"
 },
 "dates": [
  "2011-04-01",
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01"
 ],
 "series": {
  "public__sales": {
   "label": "PUBLIC: Sales",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    16.6,
    14.5,
    10.9,
    8.3,
    5.7,
    8.8,
    7.3
   ]
  },
  "private__number_of_companies": {
   "label": "PRIVATE: Number of companies",
   "unit": "count",
   "group": "PRIVATE",
   "data": [
    598,
    410,
    2993,
    5840,
    8732,
    6784,
    7443
   ]
  },
  "private__of_which_imports": {
   "label": "PRIVATE: of which, Imports",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    42,
    -2.9,
    2.2,
    28.5,
    60.5,
    14.3,
    9.2
   ]
  },
  "private__total_expenditure_in_foreign_currencies": {
   "label": "PRIVATE: Total expenditure in foreign currencies",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    43.32,
    7.1,
    5.5,
    22.8,
    61.5,
    13.4,
    26.3
   ]
  },
  "private__of_which_exports": {
   "label": "PRIVATE: of which, Exports",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    37.06,
    -20.6,
    -13.9,
    24,
    -77.2,
    -10.3,
    -11.7
   ]
  },
  "private__total_earnings_in_foreign_currencies": {
   "label": "PRIVATE: Total earnings in foreign currencies",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    24.63,
    -22.7,
    -2.8,
    20.8,
    -53.5,
    2.2,
    -0.6
   ]
  },
  "private__total_net_assets": {
   "label": "PRIVATE: Total net assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    27.29,
    18.5,
    14.7,
    17.6,
    12.4,
    14.1,
    16
   ]
  },
  "private__total_gross_assets": {
   "label": "PRIVATE: Total gross assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    24.14,
    18.2,
    16.5,
    15.5,
    15,
    11.9,
    17.2
   ]
  },
  "private__inventories": {
   "label": "PRIVATE: Inventories",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.33,
    10.6,
    5.4,
    19.3,
    11.5,
    16,
    11.7
   ]
  },
  "private__current_assets": {
   "label": "PRIVATE: Current assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17.7,
    15.4,
    14,
    21.9,
    13.3,
    17.6,
    23.6
   ]
  },
  "private__net_fixed_assets": {
   "label": "PRIVATE: Net Fixed Assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17.42,
    10.6,
    8.5,
    12.3,
    12.4,
    9.1,
    6.5
   ]
  },
  "private__gross_fixed_assets": {
   "label": "PRIVATE: Gross Fixed Assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    18.51,
    12.7,
    14.9,
    8.7,
    19.1,
    5.9,
    12.4
   ]
  },
  "private__non_current_assets": {
   "label": "PRIVATE: Non-current assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.55,
    21,
    15.5,
    12.5,
    11.2,
    9.3,
    7.5
   ]
  },
  "private__current_liabilities": {
   "label": "PRIVATE: Current liabilities",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    28.14,
    20.7,
    18.6,
    13.9,
    8.5,
    12.9,
    24.3
   ]
  },
  "private__long_term_borrowings": {
   "label": "PRIVATE: Long term borrowings",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    12.34,
    11.3,
    18.7,
    13.1,
    13.8,
    3.7,
    6.6
   ]
  },
  "private__borrowings_from_banks": {
   "label": "PRIVATE: Borrowings from banks",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17,
    40.5,
    null,
    12.3,
    14,
    11.3,
    5.9
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "private__total_borrowings": {
   "label": "PRIVATE: Total borrowings",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    22.38,
    20.9,
    33.2,
    3.8,
    10.6,
    6.3,
    9.6
   ]
  },
  "private__non_current_liabilities": {
   "label": "PRIVATE: Non-current liabilities",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    13.07,
    13,
    4.3,
    16,
    14.6,
    5.6,
    5.4
   ]
  },
  "private__net_worth": {
   "label": "PRIVATE: Net worth",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    14.41,
    18.7,
    16,
    22,
    15.4,
    19.7,
    13.7
   ]
  },
  "private__net_value_added": {
   "label": "PRIVATE: Net Value Added",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    24.07,
    18.6,
    13.7,
    16.8,
    19.2,
    10.7,
    14.8
   ]
  },
  "private__gross_value_added": {
   "label": "PRIVATE: Gross Value Added",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    22.62,
    17.6,
    14.9,
    17.9,
    18.2,
    10.4,
    14.2
   ]
  },
  "private__gross_saving": {
   "label": "PRIVATE: Gross Saving",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -6.08,
    17.6,
    -2.8,
    null,
    11.1,
    -24.8,
    -6.3
   ],
   "gaps": [
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "private__profit_retained": {
   "label": "PRIVATE: Profit Retained",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -27.87,
    30.2,
    null,
    null,
    7.1,
    -35.4,
    -39.5
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "private__dividend_paid": {
   "label": "PRIVATE: Dividend paid",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -3.2,
    138.7,
    null,
    null,
    -25.1,
    -12.2,
    61.2
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "private__profit_after_tax": {
   "label": "PRIVATE: Profit After Tax",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -23.18,
    47.2,
    0.6,
    16.8,
    -8.4,
    -34.7,
    -14.4
   ]
  },
  "private__profit_before_tax": {
   "label": "PRIVATE: Profit Before Tax",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -4.57,
    25.2,
    5,
    16.6,
    7.2,
    -25.6,
    -0.9
   ]
  },
  "private__non_operating_surplus_deficit": {
   "label": "PRIVATE: Non-operating surplus / deficit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -79.69,
    -50.4,
    -26.7,
    -4.4,
    -36.4,
    -74.8,
    -52.2
   ]
  },
  "private__profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "PRIVATE: Profit before tax and non-operating surplus/deficit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17.89,
    40,
    9.3,
    20.6,
    20.2,
    -0.2,
    7.5
   ]
  },
  "private__interest_expenses": {
   "label": "PRIVATE: Interest Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    48.62,
    23.8,
    20.1,
    6.3,
    14.6,
    -3.8,
    23.7
   ]
  },
  "private__gross_profit_ebit": {
   "label": "PRIVATE: Gross profit (EBIT)",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    25.55,
    32.9,
    11.5,
    17.4,
    18,
    -0.9,
    12.9
   ]
  },
  "private__depreciation_provision": {
   "label": "PRIVATE: Depreciation provision",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    14.11,
    11.2,
    22.8,
    27,
    12.3,
    8.5,
    10.5
   ]
  },
  "private__ebitda": {
   "label": "PRIVATE: EBITDA",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    18.43,
    27,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "private__operating_expenses": {
   "label": "PRIVATE: Operating Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    27.82,
    2.2,
    9.2,
    23.4,
    11.4,
    21,
    15.3
   ]
  },
  "private__remuneration_to_employees": {
   "label": "PRIVATE: Remuneration to employees",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    24.09,
    14.9,
    15.7,
    18.4,
    17.4,
    17.5,
    14.3
   ]
  },
  "private__manufacturing_expenses": {
   "label": "PRIVATE: Manufacturing Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    29.62,
    -9.4,
    4,
    29.3,
    7.7,
    26.4,
    19.7
   ]
  },
  "private__total_income": {
   "label": "PRIVATE: Total Income",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    25.22,
    4.3,
    9.5,
    22.6,
    11.3,
    13.7,
    14.6
   ]
  },
  "private__value_of_production": {
   "label": "PRIVATE: Value of production",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    26.81,
    4.4,
    9.6,
    23,
    12,
    18,
    15.4
   ]
  },
  "private__sales": {
   "label": "PRIVATE: Sales",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    29.15,
    4.5,
    11,
    21.4,
    12,
    17.7,
    15.9
   ]
  },
  "public__number_of_companies": {
   "label": "PUBLIC: Number of companies",
   "unit": "count",
   "group": "PUBLIC",
   "data": [
    319,
    547,
    327,
    593,
    696,
    530,
    652
   ]
  },
  "public__of_which_imports": {
   "label": "PUBLIC: of which, Imports",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    12.47,
    17,
    11.7,
    -43.1,
    -4.2,
    -71.5,
    -10.8
   ]
  },
  "public__total_expenditure_in_foreign_currencies": {
   "label": "PUBLIC: Total expenditure in foreign currencies",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    15.21,
    18.6,
    12.6,
    -31.7,
    8,
    -23.1,
    7
   ]
  },
  "public__of_which_exports": {
   "label": "PUBLIC: of which, Exports",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    26.22,
    18.1,
    8.5,
    1.4,
    -6.8,
    -64,
    -17.8
   ]
  },
  "public__total_earnings_in_foreign_currencies": {
   "label": "PUBLIC: Total earnings in foreign currencies",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    25.55,
    19.1,
    9.6,
    1.3,
    14.1,
    17.9,
    2.2
   ]
  },
  "public__total_net_assets": {
   "label": "PUBLIC: Total net assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.28,
    9.2,
    13.6,
    10.2,
    7.9,
    9.5,
    9.9
   ]
  },
  "public__total_gross_assets": {
   "label": "PUBLIC: Total gross assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    14.13,
    11,
    14.7,
    8.5,
    2.7,
    9.5,
    11
   ]
  },
  "public__inventories": {
   "label": "PUBLIC: Inventories",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.97,
    8.1,
    29.3,
    6.8,
    5.5,
    12.2,
    6.1
   ]
  },
  "public__current_assets": {
   "label": "PUBLIC: Current assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    11.36,
    8.5,
    5.3,
    10.5,
    3.7,
    10,
    10.3
   ]
  },
  "public__net_fixed_assets": {
   "label": "PUBLIC: Net Fixed Assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    11.08,
    7.9,
    17.6,
    7.7,
    5.5,
    3.2,
    7.6
   ]
  },
  "public__gross_fixed_assets": {
   "label": "PUBLIC: Gross Fixed Assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.48,
    11.9,
    19.2,
    5.9,
    -6.1,
    4.5,
    11.1
   ]
  },
  "public__non_current_assets": {
   "label": "PUBLIC: Non-current assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    14.67,
    9.4,
    18.3,
    10,
    11.3,
    9.2,
    9.6
   ]
  },
  "public__current_liabilities": {
   "label": "PUBLIC: Current liabilities",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    20.88,
    11.1,
    14.4,
    9.7,
    12.6,
    14.3,
    5.1
   ]
  },
  "public__long_term_borrowings": {
   "label": "PUBLIC: Long term borrowings",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.56,
    9.6,
    17.5,
    9.9,
    5.5,
    2.4,
    0.3
   ]
  },
  "public__borrowings_from_banks": {
   "label": "PUBLIC: Borrowings from banks",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    15.16,
    7.3,
    8.2,
    -7,
    15.8,
    -12.6,
    4.4
   ]
  },
  "public__total_borrowings": {
   "label": "PUBLIC: Total borrowings",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    18.24,
    10.7,
    19.4,
    -0.4,
    8,
    0.2,
    -2.1
   ]
  },
  "public__non_current_liabilities": {
   "label": "PUBLIC: Non-current liabilities",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    11.3,
    9.5,
    13.6,
    11,
    -0.8,
    1,
    8.6
   ]
  },
  "public__net_worth": {
   "label": "PUBLIC: Net worth",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.79,
    7.5,
    13,
    10.2,
    9.5,
    11.5,
    13.7
   ]
  },
  "public__net_value_added": {
   "label": "PUBLIC: Net Value Added",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    4.28,
    11.4,
    14.7,
    12.1,
    15.6,
    20.5,
    13.7
   ]
  },
  "public__gross_value_added": {
   "label": "PUBLIC: Gross Value Added",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    6.36,
    12.8,
    15.9,
    12.2,
    12.8,
    16.8,
    12.8
   ]
  },
  "public__gross_saving": {
   "label": "PUBLIC: Gross Saving",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -6.82,
    7.2,
    13.2,
    null,
    47.4,
    null,
    27.5
   ],
   "gaps": [
    "2014-04-01",
    "2016-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__profit_retained": {
   "label": "PUBLIC: Profit Retained",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -23.81,
    -7.1,
    null,
    null,
    189.6,
    -113.3,
    46.5
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__dividend_paid": {
   "label": "PUBLIC: Dividend paid",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -0.77,
    22.9,
    null,
    null,
    -25.9,
    12.7,
    -2
   ],
   "gaps": [
    "2013-04-01",
    "2014-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__profit_after_tax": {
   "label": "PUBLIC: Profit After Tax",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -15.81,
    5.6,
    15.2,
    10.3,
    10.7,
    null,
    22.5
   ],
   "gaps": [
    "2016-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__profit_before_tax": {
   "label": "PUBLIC: Profit Before Tax",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -11.49,
    6.9,
    13.1,
    11.6,
    12.5,
    72.9,
    18.2
   ]
  },
  "public__non_operating_surplus_deficit": {
   "label": "PUBLIC: Non-operating surplus / deficit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    null,
    null,
    null,
    -34.1,
    4,
    86.4,
    null
   ]
  },
  "public__profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "PUBLIC: Profit before tax and non-operating surplus/deficit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -7.03,
    1.3,
    10.5,
    12.3,
    20.9,
    56,
    18.5
   ]
  },
  "public__interest_expenses": {
   "label": "PUBLIC: Interest Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    41.76,
    29,
    32.2,
    12.3,
    10.4,
    17,
    8.1
   ]
  },
  "public__gross_profit_ebit": {
   "label": "PUBLIC: Gross profit (EBIT)",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    0.5,
    7.9,
    15.2,
    12.3,
    16.9,
    30.2,
    16.1
   ]
  },
  "public__depreciation_provision": {
   "label": "PUBLIC: Depreciation provision",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    16.9,
    20.1,
    20.9,
    12.5,
    -1.9,
    3.1,
    6.8
   ]
  },
  "public__ebitda": {
   "label": "PUBLIC: EBITDA",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -1.66,
    9.9,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "public__operating_expenses": {
   "label": "PUBLIC: Operating Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    18.23,
    14.4,
    8.8,
    6.9,
    4.7,
    6.6,
    5.4
   ]
  },
  "public__remuneration_to_employees": {
   "label": "PUBLIC: Remuneration to employees",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    19.4,
    17.2,
    12.4,
    9.2,
    11.4,
    8.7,
    8.8
   ]
  },
  "public__manufacturing_expenses": {
   "label": "PUBLIC: Manufacturing Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    18.06,
    15.2,
    7.4,
    4.7,
    -5,
    13.5,
    12.4
   ]
  },
  "public__total_income": {
   "label": "PUBLIC: Total Income",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    15.47,
    14.4,
    10.8,
    7.8,
    5.5,
    10.7,
    6.9
   ]
  },
  "public__value_of_production": {
   "label": "PUBLIC: Value of production",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    15.51,
    13.7,
    10.5,
    7.9,
    5.8,
    8.3,
    7.2
   ]
  },
  "public__operating_profit": {
   "label": "PUBLIC: Operating Profit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    null,
    null,
    17.5,
    12.9,
    14.7,
    28.6,
    13.5
   ]
  },
  "private__operating_profit": {
   "label": "PRIVATE: Operating Profit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    null,
    null,
    12.4,
    19.9,
    18.5,
    -0.1,
    9.2
   ]
  }
 }
}