As the world scrambles to share a piece of the Indian growth story, equity investment into India has been on the rise. And lately most of this surge has come in from the direct investment route rather than the portfolio route.

Composition of Capital Inflows	FY91	FY96	FY02	FY03	FY04	FY05	FY06 PR	FY07 P
Total capital inflows (US$m)	7,056	4,089	8,551	10,840	16,736	28,022	23,400	44,944
% to total inflows
Non-debt creating inflows	1.5	117.5	95.2	55.5	93.7	54.6	86.1	58.8
Foreign Direct Investment	1.4	52.4	71.6	46.5	25.8	21.4	32.7	43.3
Portfolio Investment	0.1	65.1	23.6	9.0	67.9	33.2	53.4	15.5
Debt creating inflows	83.3	57.7	12.4	-12.3	-6.0	35.2	37.0	56.1
External Assistance	31.3	21.6	14.1	-28.6	-16.5	7.2	7.5	4.0
External Commercial Borrowings	31.9	31.2	-18.6	-15.7	-17.5	19.4	12.7	36.5
Short Term Credits	15.2	1.2	-9.3	8.9	8.5	13.5	7.3	7.3
NRI deposits	21.8	27.0	32.2	27.5	21.8	-3.4	11.9	8.7
Rupee Debt Service	-16.9	-23.3	-6.1	-4.4	-2.2	-1.5	-2.4	-0.4
Other capital #	15.2	-75.2	-7.6	56.8	12.3	10.2	-23.1	-14.9

R: Revised; PR: Partially Revised; P: Preliminary
# - includes leads and lags in exports, banking capital, India's subscriptions to International Institutions,
IMF quota, loans to NRIs, Indian investment abroad