asked the Chancellor of the Exchequer if he will indicate the total of British investment in India for the years 1955 to 1961, giving separate details of direct and portfolio investments.
Total private investment in India amounted to £5 million in 1958 and £8 million in 1959. Within these totals direct investment—excluding investment by the oil and insurance industries—accounted for £6 million and £10 million. Other private capital movements—including portfolio investment—showed a net disinvestment of £1 million in 1958 and £2 million in 1959. Comparable figures are not available for earlier years and figures for individual countries for 1960 and 1961 are not yet ready.