{
 "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": 0,
  "note": "Each year's figure is from that year's own study: the companies in the study, this year against last year for growth rates. Consecutive years are different samples; read the level of a rate across years, never a rupee level. Ratios in per cent except those marked times.",
  "latestPeriod": "2018-04"
 },
 "dates": [
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01",
  "2018-04-01"
 ],
 "series": {
  "public__sales": {
   "label": "PUBLIC: Sales",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    12.76,
    10.1,
    11.3,
    3.8,
    8.9,
    11.1,
    12
   ]
  },
  "public__value_of_production": {
   "label": "PUBLIC: Value of production",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    12.61,
    10,
    12.4,
    3.4,
    9,
    12.2,
    12
   ]
  },
  "public__total_income": {
   "label": "PUBLIC: Total Income",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.54,
    10.2,
    13.5,
    3.2,
    8.8,
    11.2,
    12.4
   ]
  },
  "public__manufacturing_expenses": {
   "label": "PUBLIC: Manufacturing Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.99,
    8.5,
    10.9,
    -1.6,
    10.5,
    16.7,
    16.7
   ]
  },
  "public__remuneration_to_employees": {
   "label": "PUBLIC: Remuneration to employees",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    18.44,
    14.2,
    17.3,
    11.1,
    9.4,
    6.8,
    11.2
   ]
  },
  "public__operating_expenses": {
   "label": "PUBLIC: Operating Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.48,
    9.7,
    11.7,
    2.9,
    9.4,
    11.4,
    14.3
   ]
  },
  "public__ebitda": {
   "label": "PUBLIC: EBITDA",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    6.02,
    11.8,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "public__depreciation_provision": {
   "label": "PUBLIC: Depreciation provision",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    22.86,
    18.2,
    15.3,
    10.2,
    4.8,
    null,
    7.6
   ],
   "gaps": [
    "2017-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__gross_profit_ebit": {
   "label": "PUBLIC: Gross profit (EBIT)",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    2.56,
    9,
    16.5,
    3.9,
    8.7,
    7.5,
    -0.6
   ]
  },
  "public__interest_expenses": {
   "label": "PUBLIC: Interest Expenses",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    32.08,
    20.4,
    1.2,
    6.6,
    9.7,
    5.6,
    9.8
   ]
  },
  "public__profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "PUBLIC: Profit before tax and non-operating surplus/deficit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -5.65,
    4.5,
    21.6,
    3.3,
    8.1,
    10.4,
    -3.3
   ]
  },
  "public__non_operating_surplus_deficit": {
   "label": "PUBLIC: Non-operating surplus / deficit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    -219.71,
    null,
    null,
    -154.2,
    2.7,
    22.7,
    null
   ],
   "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_before_tax": {
   "label": "PUBLIC: Profit Before Tax",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    4.48,
    7.5,
    26.9,
    1.9,
    5.7,
    17.8,
    0.4
   ]
  },
  "public__profit_after_tax": {
   "label": "PUBLIC: Profit After Tax",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    3.21,
    7.9,
    24.3,
    -1.4,
    4,
    23.3,
    -0.4
   ]
  },
  "public__dividend_paid": {
   "label": "PUBLIC: Dividend paid",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    16.98,
    14.9,
    -4.1,
    13.7,
    16.7,
    null,
    30
   ],
   "gaps": [
    "2017-04-01"
   ],
   "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": [
    -7.09,
    1.5,
    29.2,
    -13.2,
    -11.8,
    null,
    -20.4
   ],
   "gaps": [
    "2017-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__gross_saving": {
   "label": "PUBLIC: Gross Saving",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.59,
    11.4,
    24.3,
    -2.7,
    -3.6,
    26.7,
    -9.2
   ]
  },
  "public__gross_value_added": {
   "label": "PUBLIC: Gross Value Added",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    11.03,
    12.4,
    15.9,
    7.4,
    9.6,
    10.2,
    5.1
   ]
  },
  "public__net_value_added": {
   "label": "PUBLIC: Net Value Added",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.42,
    11.1,
    16,
    6.9,
    10.3,
    12.6,
    4.8
   ]
  },
  "public__net_worth": {
   "label": "PUBLIC: Net worth",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    9.97,
    14,
    16.3,
    8.6,
    22.8,
    -2.2,
    9.3
   ]
  },
  "public__non_current_liabilities": {
   "label": "PUBLIC: Non-current liabilities",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    16.89,
    12.8,
    9.5,
    14.2,
    -1,
    4.4,
    6.3
   ]
  },
  "public__total_borrowings": {
   "label": "PUBLIC: Total borrowings",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    16.85,
    14.2,
    1.3,
    13.2,
    -5.4,
    2.4,
    -0.1
   ]
  },
  "public__borrowings_from_banks": {
   "label": "PUBLIC: Borrowings from banks",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    15.08,
    -1.9,
    -0.1,
    null,
    -17.3,
    35.5,
    2
   ],
   "gaps": [
    "2015-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__long_term_borrowings": {
   "label": "PUBLIC: Long term borrowings",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    19.07,
    15.4,
    8.6,
    13.6,
    -6,
    1.1,
    -0.4
   ]
  },
  "public__current_liabilities": {
   "label": "PUBLIC: Current liabilities",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.39,
    16.2,
    10.1,
    7,
    11.3,
    6.8,
    7.7
   ]
  },
  "public__non_current_assets": {
   "label": "PUBLIC: Non-current assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.52,
    18.6,
    9.7,
    15.5,
    15.2,
    2.1,
    7.2
   ]
  },
  "public__gross_fixed_assets": {
   "label": "PUBLIC: Gross Fixed Assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    12.46,
    13.9,
    8.2,
    9.8,
    5.4,
    3.4,
    10.9
   ]
  },
  "public__net_fixed_assets": {
   "label": "PUBLIC: Net Fixed Assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    8.47,
    15.2,
    6.5,
    16.1,
    6,
    null,
    5.4
   ],
   "gaps": [
    "2017-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__current_assets": {
   "label": "PUBLIC: Current assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    7.28,
    8.5,
    17.6,
    null,
    12.6,
    1.7,
    9.5
   ],
   "gaps": [
    "2015-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "public__inventories": {
   "label": "PUBLIC: Inventories",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    10.27,
    9.6,
    17.7,
    -1.3,
    7,
    5.5,
    11.4
   ]
  },
  "public__total_gross_assets": {
   "label": "PUBLIC: Total gross assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    12.49,
    13.7,
    12.8,
    7.2,
    13,
    3.4,
    10
   ]
  },
  "public__total_net_assets": {
   "label": "PUBLIC: Total net assets",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    10.94,
    14.3,
    12.3,
    9.3,
    14.1,
    1.9,
    8.2
   ]
  },
  "public__total_earnings_in_foreign_currencies": {
   "label": "PUBLIC: Total earnings in foreign currencies",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    19.61,
    16.9,
    -1.4,
    -1.4,
    13.1,
    3.3,
    10.7
   ]
  },
  "public__of_which_exports": {
   "label": "PUBLIC: of which, Exports",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    13.21,
    21.1,
    2.3,
    -16,
    -57.2,
    -30.5,
    -31.4
   ]
  },
  "public__total_expenditure_in_foreign_currencies": {
   "label": "PUBLIC: Total expenditure in foreign currencies",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    22.13,
    13.5,
    -5.8,
    -1.4,
    -15.5,
    8.9,
    21.9
   ]
  },
  "public__of_which_imports": {
   "label": "PUBLIC: of which, Imports",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    19.14,
    10,
    -5.4,
    -8.7,
    -42.7,
    -17.4,
    2.4
   ]
  },
  "public__number_of_companies": {
   "label": "PUBLIC: Number of companies",
   "unit": "count",
   "group": "PUBLIC",
   "data": [
    319,
    547,
    327,
    593,
    696,
    530,
    652
   ]
  },
  "private__sales": {
   "label": "PRIVATE: Sales",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    27.64,
    13.7,
    16.2,
    10.7,
    16.7,
    17.4,
    15.8
   ]
  },
  "private__value_of_production": {
   "label": "PRIVATE: Value of production",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    27.09,
    12.7,
    16.4,
    10.1,
    16.7,
    16.8,
    16
   ]
  },
  "private__total_income": {
   "label": "PRIVATE: Total Income",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    26.58,
    13.8,
    16.3,
    10,
    17,
    16.5,
    16.7
   ]
  },
  "private__manufacturing_expenses": {
   "label": "PRIVATE: Manufacturing Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    34.01,
    15.7,
    12.3,
    4.6,
    18.1,
    21.3,
    20.7
   ]
  },
  "private__remuneration_to_employees": {
   "label": "PRIVATE: Remuneration to employees",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.66,
    4.6,
    16,
    16.3,
    16.3,
    14.8,
    14.1
   ]
  },
  "private__operating_expenses": {
   "label": "PRIVATE: Operating Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    27.87,
    11.9,
    16.8,
    9.5,
    16.1,
    17.4,
    16.8
   ]
  },
  "private__ebitda": {
   "label": "PRIVATE: EBITDA",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    20.07,
    19.6,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "private__depreciation_provision": {
   "label": "PRIVATE: Depreciation provision",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    14.1,
    8.9,
    24.8,
    14,
    9.8,
    13.8,
    7.4
   ]
  },
  "private__gross_profit_ebit": {
   "label": "PRIVATE: Gross profit (EBIT)",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.6,
    35.3,
    8.5,
    14.4,
    28.9,
    8.5,
    12.9
   ]
  },
  "private__interest_expenses": {
   "label": "PRIVATE: Interest Expenses",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    10.46,
    7.8,
    17,
    15.2,
    -0.2,
    13.7,
    0.4
   ]
  },
  "private__profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "PRIVATE: Profit before tax and non-operating surplus/deficit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    23.42,
    54.5,
    6,
    14.2,
    46.7,
    7.4,
    20.2
   ]
  },
  "private__non_operating_surplus_deficit": {
   "label": "PRIVATE: Non-operating surplus / deficit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    -19.28,
    -14.5,
    23.7,
    11,
    89.1,
    20.2,
    185.1
   ]
  },
  "private__profit_before_tax": {
   "label": "PRIVATE: Profit Before Tax",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    21.33,
    50,
    7.5,
    13.7,
    52.4,
    8.8,
    31.3
   ]
  },
  "private__profit_after_tax": {
   "label": "PRIVATE: Profit After Tax",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    21.42,
    62.3,
    2.4,
    11.5,
    103,
    6.6,
    60
   ]
  },
  "private__dividend_paid": {
   "label": "PRIVATE: Dividend paid",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    69.76,
    253.9,
    116.6,
    -29,
    -80.1,
    96.2,
    65.5
   ]
  },
  "private__profit_retained": {
   "label": "PRIVATE: Profit Retained",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    6.2,
    -2.9,
    -20.2,
    24.5,
    null,
    2.8,
    54.4
   ],
   "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."
  },
  "private__gross_saving": {
   "label": "PRIVATE: Gross Saving",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    11.18,
    4.5,
    -0.9,
    19.6,
    54.6,
    6.6,
    17.6
   ]
  },
  "private__gross_value_added": {
   "label": "PRIVATE: Gross Value Added",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    18.83,
    11.4,
    15.6,
    16.7,
    17.9,
    12.6,
    12.3
   ]
  },
  "private__net_value_added": {
   "label": "PRIVATE: Net Value Added",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.58,
    11.8,
    14.1,
    17,
    19.1,
    12.5,
    13.2
   ]
  },
  "private__net_worth": {
   "label": "PRIVATE: Net worth",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    13.13,
    16,
    11.2,
    12.7,
    10.6,
    14.2,
    13.3
   ]
  },
  "private__non_current_liabilities": {
   "label": "PRIVATE: Non-current liabilities",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    24.17,
    16,
    23.2,
    6.9,
    7.9,
    21.4,
    5.9
   ]
  },
  "private__total_borrowings": {
   "label": "PRIVATE: Total borrowings",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    25.2,
    15,
    9.6,
    2,
    6.3,
    20.1,
    4.3
   ]
  },
  "private__borrowings_from_banks": {
   "label": "PRIVATE: Borrowings from banks",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    35.46,
    22.6,
    11.8,
    -3.2,
    -1.5,
    1.1,
    -3.1
   ]
  },
  "private__long_term_borrowings": {
   "label": "PRIVATE: Long term borrowings",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    23.04,
    16,
    23,
    4.2,
    5.7,
    23.1,
    7
   ]
  },
  "private__current_liabilities": {
   "label": "PRIVATE: Current liabilities",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    15.69,
    15.5,
    10.9,
    6.7,
    12.3,
    12.5,
    5.9
   ]
  },
  "private__non_current_assets": {
   "label": "PRIVATE: Non-current assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    15,
    11.3,
    9.9,
    7.1,
    10.8,
    12.1,
    9
   ]
  },
  "private__gross_fixed_assets": {
   "label": "PRIVATE: Gross Fixed Assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17.37,
    14.1,
    15.5,
    13.5,
    6.1,
    15.4,
    10.6
   ]
  },
  "private__net_fixed_assets": {
   "label": "PRIVATE: Net Fixed Assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    15.72,
    12.3,
    15.6,
    5.3,
    8.4,
    11.9,
    5.9
   ]
  },
  "private__current_assets": {
   "label": "PRIVATE: Current assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    17.26,
    18.8,
    16.2,
    11.1,
    10.8,
    16.6,
    9
   ]
  },
  "private__inventories": {
   "label": "PRIVATE: Inventories",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    15.05,
    11.8,
    8.6,
    7.7,
    14.5,
    11.2,
    13
   ]
  },
  "private__total_gross_assets": {
   "label": "PRIVATE: Total gross assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    18.14,
    16,
    13.4,
    12,
    9.5,
    15.7,
    10.3
   ]
  },
  "private__total_net_assets": {
   "label": "PRIVATE: Total net assets",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    15.39,
    15.7,
    13.2,
    9.4,
    10.8,
    14.7,
    9
   ]
  },
  "private__total_earnings_in_foreign_currencies": {
   "label": "PRIVATE: Total earnings in foreign currencies",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    19.17,
    32.6,
    12,
    6.7,
    3.9,
    7,
    15.6
   ]
  },
  "private__of_which_exports": {
   "label": "PRIVATE: of which, Exports",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    14.89,
    38.8,
    -6.1,
    17.4,
    3.7,
    -4.2,
    45.8
   ]
  },
  "private__total_expenditure_in_foreign_currencies": {
   "label": "PRIVATE: Total expenditure in foreign currencies",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    0.76,
    13,
    -16.4,
    -12.7,
    7.6,
    12.1,
    16.4
   ]
  },
  "private__of_which_imports": {
   "label": "PRIVATE: of which, Imports",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    4.45,
    16.7,
    -16.4,
    -16.4,
    9.1,
    11.9,
    22
   ]
  },
  "private__number_of_companies": {
   "label": "PRIVATE: Number of companies",
   "unit": "count",
   "group": "PRIVATE",
   "data": [
    598,
    410,
    2993,
    5840,
    8732,
    6784,
    7443
   ]
  },
  "public__operating_profit": {
   "label": "PUBLIC: Operating Profit",
   "unit": "pct",
   "group": "PUBLIC",
   "data": [
    null,
    null,
    14.9,
    5.7,
    6,
    19.8,
    0.5
   ]
  },
  "private__operating_profit": {
   "label": "PRIVATE: Operating Profit",
   "unit": "pct",
   "group": "PRIVATE",
   "data": [
    null,
    null,
    13.6,
    15.1,
    23.7,
    12.5,
    3.5
   ]
  },
  "companies": {
   "label": "Number of companies in the study",
   "unit": "count",
   "data": [
    917,
    957,
    3320,
    6433,
    9428,
    7314,
    8095
   ]
  },
  "public__companies": {
   "label": "PUBLIC: number of companies in the study",
   "unit": "count",
   "group": "PUBLIC",
   "data": [
    319,
    547,
    327,
    593,
    696,
    530,
    652
   ]
  },
  "private__companies": {
   "label": "PRIVATE: number of companies in the study",
   "unit": "count",
   "group": "PRIVATE",
   "data": [
    598,
    410,
    2993,
    5840,
    8732,
    6784,
    7443
   ]
  }
 }
}