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Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2025-26
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Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2025-26

Digest date: . This is a dated report; check the source for subsequent developments.

Today, the Reserve Bank released the provisional results of the 2025-261 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the Indian entities [viz., companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms] with inward/outward direct investment.

Source: Reserve Bank of India (official). The summary and key points above are extracts from that release. Any additional learning notes are labelled separately. Check the original report for the full text and later updates.

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Key points

Exam-ready takeaways

Of the total number of Indian entities reporting foreign direct investment (FDI) and/or overseas direct investment (ODI), around 97 per cent entities were unlisted as at end-March 2026, and also held a major share in total FDI equity capital (at face value) in India (Tables 1 and 2A).

Non-financial companies accounted for more than 90 per cent of the FDI equity at face value (Table 2B).

In terms of market value, listed and unlisted companies had almost equal share in total FDI equity capital as at end-March 2026, however, 96.6 per cent of the FDI debt is held by unlisted companies (Table 3A).

In rupee terms, the ratio of inward FDI to ODI moderated to 4.2 times as on end-March 2026 from 5.5 times a year ago (Table 3B).

Recall the report

Fill the missing fact

Try the gap before opening the answer. These exercises use the report’s own wording; they are practice prompts, not past exam questions.

Of the total number of Indian entities reporting foreign direct investment (FDI) and/or overseas direct investment (ODI), around [ … ] entities were unlisted as at end-March 2026, and also held a major share in total FDI equity capital (at face value) in India (Tables 1 and 2A).

Reported answer: 97 per cent

Of the total number of Indian entities reporting foreign direct investment (FDI) and/or overseas direct investment (ODI), around 97 per cent entities were unlisted as at end-March 2026, and also held a major share in total FDI equity capital (at face value) in India (Tables 1 and 2A).

Non-financial companies accounted for more than [ … ] of the FDI equity at face value (Table 2B).

Reported answer: 90 per cent

Non-financial companies accounted for more than 90 per cent of the FDI equity at face value (Table 2B).

In terms of market value, listed and unlisted companies had almost equal share in total FDI equity capital as at end-March 2026, however, [ … ] of the FDI debt is held by unlisted companies (Table 3A).

Reported answer: 96.6 per cent

In terms of market value, listed and unlisted companies had almost equal share in total FDI equity capital as at end-March 2026, however, 96.6 per cent of the FDI debt is held by unlisted companies (Table 3A).