(Rs. crore)

Items

2005-06

2006-07

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

A.

CURRENT ACCOUNT

I. Merchandise

4,65,748

6,95,412

–2,29,664

5,82,871

8,62,833

–2,79,962

II. Invisibles (a+b+c)

3,97,660

2,11,733

1,85,927

5,17,146

2,81,567

2,35,579

a) Services

2,55,668

1,53,057

1,02,611

3,33,093

2,00,029

1,33,064

i) Travel

34,871

29,432

5,439

41,127

30,249

10,878

ii) Transportation

28,023

36,928

–8,905

36,049

36,504

–455

iii) Insurance

4,694

4,965

–271

5,403

2,903

2,500

iv) G.n.i.e.

1,396

2,343

–947

1,143

1,825

–682

v) Miscellaneous

1,86,684

79,389

1,07,295

2,49,371

1,28,548

1,20,823

of which

Software Services

1,04,632

5,954

98,678

1,41,356

10,212

1,31,144

Business Services

41,356

34,428

6,928

65,738

71,500

–5,762

Financial Services

5,355

4,265

1,090

14,010

13,460

550

Communication Services

7,000

1,285

5,715

10,227

3,589

6,638

b) Transfers

1,13,566

4,134

1,09,432

1,42,037

6,288

1,35,749

i) Official

2,970

2,103

867

2,864

1,723

1,141

ii) Private

1,10,596

2,031

1,08,565

1,39,173

4,565

1,34,608

c) Income

28,426

54,542

–26,116

42,016

75,250

–33,234

i) Investment Income

27,633

51,112

–23,479

40,297

70,955

–30,658

ii) Compensation of Employees

793

3,430

–2,637

1,719

4,295

–2,576

Total Current Account (I+II)

8,63,408

9,07,145

–43,737

11,00,017

11,44,400

–44,383

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

3,42,778

2,73,996

68,782

6,00,951

5,34,160

66,791

a) Foreign Direct Investment (i+ii)

40,690

27,265

13,425

1,06,464

71,554

34,910

i) In India

39,730

273

39,457

1,03,037

385

1,02,652

Equity

26,512

273

26,239

74,354

385

73,969

Reinvested Earnings

12,220

—

12,220

26,371

—

26,371

Other Capital

998

—

998

2,312

—

2,312

ii) Abroad

960

26,992

–26,032

3,427

71,169

–67,742

Equity

960

17,678

–16,718

3,427

60,138

–56,711

Reinvested Earnings

—

4,834

–4,834

—

4,868

–4,868

Other Capital

—

4,480

–4,480

—

6,163

–6,163

b) Portfolio Investment

3,02,088

2,46,731

55,357

4,94,487

4,62,606

31,881

i) In India

3,02,088

2,46,731

55,357

4,94,102

4,62,472

31,630

of which

FIIs

2,90,648

2,46,736

43,912

4,77,132

4,62,472

14,660

GDRs/ADRs

11,438

—

11,438

16,961

—

16,961

ii) Abroad

—

—

—

385

134

251

2. Loans (a+b+c)

1,74,729

1,40,332

34,397

2,46,525

1,36,091

1,10,434

a) External Assistance

16,133

8,541

7,592

16,978

9,005

7,973

i) By India

106

390

–284

90

144

–54

ii) To India

16,027

8,151

7,876

16,888

8,861

8,027

b) Commercial Borrowings

63,476

52,971

10,505

93,932

21,567

72,365

i) By India

—

1,105

–1,105

2,837

4,361

–1,524

ii) To India

63,476

51,866

11,610

91,095

17,206

73,889

c) Short Term To India

95,120

78,820

16,300

1,35,615

1,05,519

30,096

i) Suppliers’ Credit >180 days & Buyers’ Credit

85,766

78,114

7,652

1,15,125

1,00,196

14,929

ii) Suppliers’ Credit up to 180 days

9,354

706

8,648

20,490

5,323

15,167

3. Banking Capital (a+b)

95,988

90,193

5,795

1,67,494

1,59,017

8,477

a) Commercial Banks

91,200

89,569

1,631

1,65,656

1,58,660

6,996

i) Assets

3,369

17,711

–14,342

64,972

80,726

–15,754

ii) Liabilities

87,831

71,858

15,973

1,00,684

77,934

22,750

of which: Non-Resident Deposits

79,190

66,733

12,457

89,950

70,376

19,574

b) Others

4,788

624

4,164

1,838

357

1,481

4. Rupee Debt Service

—

2,557

–2,557

—

725

–725

5. Other Capital

26,451

20,903

5,548

36,797

18,101

18,696

Total Capital Account (1 to 5)

6,39,946

5,27,981

1,11,965

10,51,767

8,48,094

2,03,673

C.

ERRORS & OMISSIONS

—

2,332

–2,332

4,344

—

4,344

D.

OVERALL BALANCE (Total Current Account, Capital

15,03,354

14,37,458

65,896

21,56,128

19,92,494

1,63,634

Account and Errors & Omissions (A+B+C))

E.

MONETARY MOVEMENTS (i+ii)

—

65,896

–65,896

—

1,63,634

–1,63,634

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

65,896

–65,896

—

1,63,634

–1,63,634

P : Preliminary. PR : Partially Revised.

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

2007-08

2008-09 PR

Credit

Debit

Net

Credit

Debit

Net

1

8

9

10

11

12

13

A.

CURRENT ACCOUNT

I. Merchandise

6,68,008

10,35,672

–3,67,664

8,57,960

14,01,118

–5,43,158

II. Invisibles (a+b+c)

5,98,088

2,93,902

3,04,185

7,50,333

3,38,789

4,11,544

a) Services

3,63,042

2,06,798

1,56,244

4,67,915

2,39,606

2,28,309

i) Travel

45,526

37,191

8,335

50,226

43,336

6,890

ii) Transportation

40,199

46,278

–6,079

51,952

58,531

–6,578

iii) Insurance

6,586

4,192

2,393

6,518

5,230

1,288

iv) G.n.i.e.

1,331

1,518

–186

1,771

3,777

–2,006

v) Miscellaneous

2,69,400

1,17,618

1,51,781

3,57,447

1,28,731

2,28,716

of which

Software Services

1,62,020

13,494

1,48,526

2,12,242

12,702

1,99,540

Business Services

67,430

66,469

961

75,632

71,436

4,195

Financial Services

12,917

12,560

357

18,060

13,568

4,492

Communication Services

9,682

3,462

6,220

9,903

5,025

4,878

b) Transfers

1,77,745

9,293

1,68,452

2,16,906

12,568

2,04,338

i) Official

3,024

2,073

951

3,029

1,900

1,129

ii) Private

1,74,721

7,220

1,67,501

2,13,877

10,668

2,03,209

c) Income

57,300

77,811

–20,511

65,512

86,615

–21,103

i) Investment Income

55,451

73,410

–17,959

61,722

80,597

–18,875

ii) Compensation of Employees

1,849

4,402

–2,552

3,790

6,018

–2,228

Total Current Account (I+II)

12,66,096

13,29,575

–63,479

16,08,293

17,39,907

–1,31,614

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

10,86,530

9,12,135

1,74,395

7,43,513

7,31,726

11,786

a) Foreign Direct Investment (i+ii)

1,49,902

86,125

63,776

1,64,487

87,656

76,831

i) In India

1,39,885

465

1,39,420

1,59,401

773

1,58,628

Equity

1,07,749

434

1,07,315

1,26,128

773

1,25,355

Reinvested Earnings

30,916

—

30,916

29,713

—

29,713

Other Capital

1,220

31

1,189

3,560

—

3,560

ii) Abroad

10,017

85,660

–75,644

5,086

86,882

–81,796

Equity

10,017

67,956

–57,939

5,086

68,601

–63,514

Reinvested Earnings

—

4,365

–4,365

—

4,986

–4,986

Other Capital

—

13,340

–13,340

—

13,296

–13,296

b) Portfolio Investment

936,628

8,26,009

1,10,619

5,79,026

6,44,071

–65,045

i) In India

935,683

8,25,715

1,09,968

5,78,346

6,42,543

–64,197

of which

FIIs

907,936

8,25,715

82,221

5,73,451

6,42,547

–69,096

GDRs/ADRs

26,556

—

26,556

4,891

—

4,891

ii) Abroad

945

294

651

680

1,528

–848

2. Loans (a+b+c)

3,30,331

1,66,840

1,63,491

2,84,926

2,48,538

36,388

a) External Assistance

17,019

8,553

8,466

23,532

11,102

12,430

i) By India

94

112

–18

108

153

–45

ii) To India

16,925

8,441

8,484

23,424

10,949

12,475

b) Commercial Borrowings

1,21,942

30,855

91,086

70,947

34,016

36,931

i) By India

6,412

6,538

–126

9,225

3,644

5,581

ii) To India

1,15,529

24,317

91,212

61,722

30,372

31,350

c) Short Term To India

1,91,370

1,27,432

63,939

1,90,448

2,03,420

–12,972

i) Suppliers’ Credit >180 days & Buyers’ Credit

1,71,184

1,27,432

43,752

1,77,843

1,77,676

167

ii) Suppliers’ Credit up to 180 days

20,187

—

20,187

12,605

25,744

–13,138

3. Banking Capital (a+b)

2,23,979

1,76,824

47,155

2,95,408

3,14,613

–19,205

a) Commercial Banks

2,23,664

1,75,113

48,551

2,94,842

3,11,869

–17,027

i) Assets

78,366

50,734

27,632

1,14,752

1,30,576

–15,823

ii) Liabilities

1,45,298

1,24,379

20,919

1,80,090

1,81,293

–1,203

of which: Non-Resident Deposits

1,18,077

1,17,372

705

1,71,047

1,50,617

20,430

b) Others

315

1,712

–1,397

565

2,744

–2,179

4. Rupee Debt Service

—

492

–492

—

472

–472

5. Other Capital

1,17,094

73,716

43,377

93,704

93,712

–8

Total Capital Account (1 to 5)

17,57,933

13,30,007

4,27,926

14,17,551

13,89,060

28,490

C.

ERRORS & OMISSIONS

5,241

—

5,241

6,009

—

6,009

D.

OVERALL BALANCE (Total Current Account, Capital

30,29,270

26,59,582

3,69,689

30,31,853

31,28,967

–97,115

Account and Errors & Omissions (A+B+C))

E.

MONETARY MOVEMENTS (i+ii)

—

3,69,689

–3,69,689

97,115

—

97,115

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

3,69,689

–3,69,689

97,115

—

97,115

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

Apr-Jun 2006

Jul-Sep 2006

Credit

Debit

Net

Credit

Debit

Net

1

14

15

16

17

18

19

A.

CURRENT ACCOUNT

I. Merchandise

1,34,880

2,11,953

–77,073

1,51,636

225,903

–74,267

II. Invisibles (a+b+c)

1,13,377

56,479

56,898

1,15,305

67,687

47,618

a) Services

72,944

38,537

34,407

76,122

46,213

29,909

i) Travel

7,766

6,766

1,000

8,328

8,398

–70

ii) Transportation

7,798

9,081

–1,283

9,149

9,172

–23

iii) Insurance

1,082

587

495

1,461

714

747

iv) G.n.i.e.

182

359

–177

283

566

–283

v) Miscellaneous

56,116

21,744

34,372

56,901

27,363

29,538

of which

Software Services

32,007

1,887

30,120

33,020

1,878

31,142

Business Services

15,396

12,032

3,364

15,933

15,302

631

Financial Services

2,314

1,446

868

3,320

3,260

60

Communication Services

2,160

491

1,669

2,638

835

1,803

b) Transfers

32,603

1,314

31,289

28,833

1,674

27,159

i) Official

314

373

–59

552

464

88

ii) Private

32,289

941

31,348

28,281

1,210

27,071

c) Income

7,830

16,628

–8,798

10,350

19,800

–9,450

i) Investment Income

7,544

15,737

–8,193

10,016

18,743

–8,727

ii) Compensation of Employees

286

891

–605

334

1,057

–723

Total Current Account (I+II)

2,48,257

2,68,432

–20,175

2,66,941

2,93,590

–26,649

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

1,55,960

1,50,357

5,603

1,04,262

84,482

19,780

a) Foreign Direct Investment (i+ii)

15,810

7,906

7,904

21,074

11,263

9,811

i) In India

15,519

36

15,483

20,402

9

20,393

Equity

8,849

36

8,813

13,382

9

13,373

Reinvested Earnings

6,625

—

6,625

6,756

—

6,756

Other Capital

45

—

45

264

—

264

ii) Abroad

291

7,870

–7,579

672

11,254

–10,582

Equity

291

5,406

–5,115

672

8,662

–7,990

Reinvested Earnings

—

1,223

–1,223

—

1247

–1,247

Other Capital

—

1,241

–1,241

—

1,345

–1,345

b) Portfolio Investment

1,40,150

1,42,451

–2,301

83,188

73,219

9,969

i) In India

1,40,055

1,42,446

–2,391

83,137

73,214

9,923

of which

FIIs

1,34,321

1,42,446

–8,125

81,004

73,214

7,790

GDRs/ADRs

5,734

—

5,734

2,133

—

2,133

ii) Abroad

95

5

90

51

5

46

2. Loans (a+b+c)

52,288

28,591

23,697

52,065

29,890

22,175

a) External Assistance

2,624

2,391

233

3,654

2,082

1,572

i) By India

23

36

–13

23

37

–14

ii) To India

2,601

2,355

246

3,631

2,045

1,586

b) Commercial Borrowings

22,968

4,879

18,089

12,428

4,266

8,162

i) By India

396

1,014

–618

529

788

–259

ii) To India

22,572

3,865

18,707

11,899

3,478

8,421

c) Short Term To India

26,696

21,321

5,375

35,983

23,542

12,441

i) Suppliers’ Credit >180 days & Buyers’ Credit

23,108

21,321

1,787

30,507

23,542

6,965

ii) Suppliers’ Credit up to 180 days

3,588

—

3,588

5,476

—

5,476

3. Banking Capital (a+b)

45,057

22,044

23,013

26,682

34,648

–7,966

a) Commercial Banks

44,730

22,044

22,686

26,682

34,444

–7,762

i) Assets

23,904

8,535

15,369

7,271

16,475

–9,204

ii) Liabilities

20,826

13,509

7,317

19,411

17,969

1,442

of which: Non-Resident Deposits

19,307

13,387

5,920

19,406

15,196

4,210

b) Others

327

—

327

—

204

–204

4. Rupee Debt Service

—

305

–305

—

—

—

5. Other Capital

1,555

4,793

–3,238

5,027

2,569

2,458

Total Capital Account (1 to 5)

2,54,860

2,06,090

48,770

1,88,036

1,51,589

36,447

C.

ERRORS & OMISSIONS

411

—

411

728

—

728

D.

OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

5,03,528

4,74,522

29,006

4,55,705

4,45,179

10,526

E.

MONETARY MOVEMENTS (i+ii)

—

29,006

–29,006

—

10,526

–10,526

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

29,006

–29,006

—

10,526

–10,526

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

Oct-Dec 2006

Jan-Mar 2007

Credit

Debit

Net

Credit

Debit

Net

1

20

21

22

23

24

25

A.

CURRENT ACCOUNT

I. Merchandise

1,38,660

2,12,583

–73,923

1,57,695

2,12,394

–54,699

II. Invisibles (a+b+c)

1,33,622

75,911

57,711

1,54,842

81,490

73,352

a) Services

83,001

55,650

27,351

1,01,026

59,629

41,397

i) Travel

11,790

7,368

4,422

13,243

7,717

5,526

ii) Transportation

9,411

9,456

–45

9,691

8,795

896

iii) Insurance

1,296

904

392

1,564

698

866

iv) G.n.i.e.

391

436

–45

287

464

–177

v) Miscellaneous

60,113

37,486

22,627

76,241

41,955

34,286

of which

Software Services

34,197

3,077

31,120

42,132

3,370

38,762

Business Services

16,599

19,195

–2,596

17,810

24,971

–7,161

Financial Services

3,725

2,910

815

4,651

5,844

–1,193

Communication Services

2,686

1,075

1,611

2,743

1,188

1,555

b) Transfers

40,311

1,498

38,813

40,290

1,802

38,488

i) Official

1,291

400

891

707

486

221

ii) Private

39,020

1,098

37,922

39,583

1,316

38,267

c) Income

10,310

18,763

–8,453

13,526

20,059

–6,533

i) Investment Income

9,865

17,706

–7,841

12,872

18,769

–5,897

ii) Compensation of Employees

445

1,057

–612

654

1,290

–636

Total Current Account (I+II)

2,72,282

2,88,494

–16,212

3,12,537

2,93,884

18,653

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

1,73,846

1,44,755

29,091

1,66,883

1,54,566

12,317

a) Foreign Direct Investment (i+ii)

45,020

31,983

13,037

24,560

20,402

4,158

i) In India

44,332

31

44,301

22,784

309

22,475

Equity

36,901

31

36,870

15,222

309

14,913

Reinvested Earnings

6,554

—

6,554

6,436

—

6,436

Other Capital

877

—

877

1,126

—

1,126

ii) Abroad

688

31,952

–31,264

1,776

20,093

–18,317

Equity

688

29,033

–28,345

1,776

17,037

–15,261

Reinvested Earnings

—

1,210

–1,210

—

1,188

–1,188

Other Capital

—

1,709

–1,709

—

1,868

–1,868

b) Portfolio Investment

1,28,826

1,12,772

16,054

1,42,323

1,34,164

8,159

i) In India

1,28,768

1,12,745

16,023

1,42,142

1,34,067

8,075

of which

FIIs

1,27,837

1,12,745

15,092

1,33,970

1,34,067

–97

GDRs/ADRs

931

—

931

8,163

—

8,163

ii) Abroad

58

27

31

181

97

84

2. Loans (a+b+c)

66,266

37,112

29,154

75,906

40,498

35,408

a) External Assistance

5,006

2222

2,784

5,694

2,310

3,384

i) By India

22

36

–14

22

35

–13

ii) To India

4,984

2,186

2,798

5,672

2,275

3,397

b) Commercial Borrowings

24,373

6,158

18,215

34,163

6,264

27,899

i) By India

1,912

1,552

360

—

1,007

–1,007

ii) To India

22,461

4,606

17,855

34,163

5,257

28,906

c) Short Term To India

36,887

28,732

8,155

36,049

31,924

4,125

i) Suppliers’ Credit >180 days & Buyers’ Credit

25,461

28,732

–3,271

36,049

26,601

9,448

ii) Suppliers’ Credit up to 180 days

11,426

—

11,426

—

5,323

–5,323

3. Banking Capital (a+b)

32,209

46,213

–14,004

63,546

56,112

7,434

a) Commercial Banks

31,237

46,060

–14,823

63,007

56,112

6,895

i) Assets

2,501

20,378

–17,877

31,296

35,338

–4,042

ii) Liabilities

28,736

25,682

3,054

31,711

20,774

10,937

of which: Non-Resident Deposits

28,453

21,871

6,582

22,784

19,922

2,862

b) Others

972

153

819

539

—

539

4. Rupee Debt Service

—

9

–9

—

411

–411

5. Other Capital

8,889

4471

4,418

21,326

6,268

15,058

Total Capital Account (1 to 5)

281,210

2,32,560

48,650

3,27,661

2,57,855

69,806

C.

ERRORS & OMISSIONS

1323

—

1,323

1,882

—

1,882

D.

OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

5,54,815

5,21,054

33,761

6,42,080

5,51,739

90,341

E.

MONETARY MOVEMENTS (i+ii)

—

33,761

–33,761

—

90,341

–90,341

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

33,761

–33,761

—

90,341

–90,341

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

Apr-Jun 2007

Jul-Sep 2007

Credit

Debit

Net

Credit

Debit

Net

1

26

27

28

29

30

31

A.

CURRENT ACCOUNT

I. Merchandise

1,50,923

2,32,347

–81,424

1,55,733

2,42,761

–87,028

II. Invisibles (a+b+c)

1,23,379

60,641

62,739

1,39,576

69,800

69,776

a) Services

78,062

40,927

37,134

85,167

47,002

38,165

i) Travel

8,610

7,859

750

9,111

8,296

815

ii) Transportation

8,054

10,417

–2,363

8,475

10,371

–1,896

iii) Insurance

1,536

761

775

1,381

1,149

232

iv) G.n.i.e.

387

453

–66

277

520

–243

v) Miscellaneous

59,475

21,437

38,038

65,923

26,666

39,258

of which

Software Services

36,435

2,800

33,635

36,675

3,248

33,427

Business Services

15,496

13,287

2,209

15,781

14,334

1,447

Financial Services

2,175

1,850

326

3,713

2,843

870

Communication Services

2,115

954

1,161

2,483

730

1,753

b) Transfers

35,578

1,781

33,797

39,342

1,653

37,688

i) Official

631

679

–47

641

454

187

ii) Private

34,947

1,103

33,844

38,701

1,199

37,502

c) Income

9,740

17,932

–8,192

15,067

21,144

–6,077

i) Investment Income

9,399

17,115

–7,716

14,621

19,937

–5,316

ii) Compensation of Employees

340

817

–477

446

1,208

–761

Total Current Account (I+II)

2,74,302

2,92,988

–18,685

2,95,309

3,12,561

–17,252

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

1,78,023

1,35,072

42,951

2,20,226

1,66,871

53,355

a) Foreign Direct Investment (i+ii)

34,674

22,822

11,852

22,854

13,673

9,181

i) In India

31,403

85

31,319

19,716

75

19,641

Equity

22,983

85

22,898

11,435

75

11,360

Reinvested Earnings

7,916

—

7,916

7,780

—

7,780

Other Capital

505

—

505

501

—

501

ii) Abroad

3,271

22,737

–19,467

3,138

13,598

–10,459

Equity

3,271

19,620

–16,350

3,138

10,193

–7,055

Reinvested Earnings

—

1,118

–1,118

—

1,098

–1,098

Other Capital

—

2,000

–2,000

—

2,306

–2,306

b) Portfolio Investment

1,43,349

1,12,250

31,099

1,97,372

1,53,198

44,174

i) In India

1,43,110

1,12,224

30,885

1,97,350

1,53,106

44,244

of which

FIIs

1,41,456

1,12,224

29,232

1,87,221

1,53,106

34,116

GDRs/ADRs

1,303

—

1,303

10,038

—

10,038

ii) Abroad

239

25

214

22

92

–70

2. Loans (a+b+c)

69,025

31,308

37,717

81,084

42,260

38,824

a) External Assistance

3,016

2,023

993

3,984

2,086

1,897

i) By India

24

29

–5

24

28

–5

ii) To India

2,992

1,994

998

3,960

2,058

1,902

b) Commercial Borrowings

34,150

5,516

28,634

25,483

8,394

17,088

i) By India

1,482

1,423

59

1,797

2,039

–243

ii) To India

32,668

4,093

28,575

23,686

6,355

17,331

c) Short Term To India

31,858

23,769

8,089

51,618

31,780

19,838

i) Suppliers’ Credit >180 days & Buyers’ Credit

28,382

23,769

4,613

44,627

31,780

12,847

ii) Suppliers’ Credit up to 180 days

3,476

—

3,476

6,991

—

6,991

3. Banking Capital (a+b)

35,300

39,086

–3,786

55,575

28,653

26,922

a) Commercial Banks

35,300

39,063

–3,763

55,479

28,367

27,113

i) Assets

10,488

11,799

–1,312

17,846

1,452

16,395

ii) Liabilities

24,812

27,264

–2,452

37,633

26,915

10,718

of which: Non-Resident Deposits

21,657

23,499

–1,842

28,265

26,770

1,494

b) Others

—

23

–23

95

286

–191

4. Rupee Debt Service

—

179

–179

—

9

–9

5. Other Capital

11,636

23,611

–11,974

36,574

21,024

15,549

Total Capital Account (1 to 5)

2,93,983

2,29,255

64,728

3,93,459

2,58,817

1,34,642

C.

ERRORS & OMISSIONS

140

—

140

1,089

—

1,089

D.

OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

5,68,425

5,22,243

46,183

6,89,856

5,71,378

1,18,479

E.

MONETARY MOVEMENTS (i+ii)

—

46,183

–46,183

—

1,18,479

–1,18,479

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

46,183

–46,183

—

1,18,479

–1,18,479

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

Oct-Dec 2007

Jan-Mar 2008

Credit

Debit

Net

Credit

Debit

Net

1

32

33

34

35

36

37

A.

CURRENT ACCOUNT

I. Merchandise

1,69,900

2,65,558

–95,658

1,91,452

2,95,007

–1,03,554

II. Invisibles (a+b+c)

1,54,076

72,270

81,806

1,81,057

91,192

89,865

a) Services

95,139

50,365

44,775

1,04,674

68,504

36,171

i) Travel

13,398

9,940

3,458

14,407

11,095

3,312

ii) Transportation

11,044

12,009

–965

12,627

13,482

–855

iii) Insurance

1,730

1,032

698

1,939

1,250

689

iv) G.n.i.e.

356

294

61

311

250

62

v) Miscellaneous

68,613

27,090

41,523

75,389

42,426

32,963

of which

Software Services

37,917

3,362

34,556

50,993

4,084

46,909

Business Services

18,106

16,754

1,352

18,048

22,095

–4,048

Financial Services

3,481

3,012

469

3,548

4,855

–1,307

Communication Services

2,371

720

1,650

2,713

1,057

1,656

b) Transfers

45,094

1,946

43,148

57,731

3,912

53,819

i) Official

768

478

290

984

462

522

ii) Private

44,327

1,469

42,858

56,747

3,450

53,297

c) Income

13,842

19,959

–6,116

18,652

18,776

–124

i) Investment Income

13,422

18,906

–5,484

18,009

17,452

557

ii) Compensation of Employees

420

1,053

–632

643

1,324

–681

Total Current Account (I+II)

3,23,976

3,37,828

–13,852

3,72,509

3,86,199

–13,689

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

3,33,402

2,74,812

58,590

3,54,879

3,35,380

19,499

a) Foreign Direct Investment (i+ii)

33,131

24,764

8,367

59,242

24,866

34,376

i) In India

31,553

171

31,383

57,212

135

57,078

Equity

23,763

171

23,593

49,568

104

49,464

Reinvested Earnings

7,576

—

7,576

7,645

—

7,645

Other Capital

214

—

214

—

31

–31

ii) Abroad

1,578

24,593

–23,015

2,030

24,731

–22,702

Equity

1,578

20,545

–18,967

2,030

17,597

–15,567

Reinvested Earnings

—

1,069

–1,069

—

1,079

–1,079

Other Capital

—

2,979

–2,979

—

6,056

–6,056

b) Portfolio Investment

3,00,271

2,50,048

50,223

2,95,637

3,10,514

–14,877

i) In India

2,99,803

2,49,974

49,829

2,95,421

3,10,411

–14,990

of which

FIIs

2,85,347

2,49,974

35,374

2,93,911

3,10,411

–16,500

GDRs/ADRs

13,705

—

13,705

1,509

—

1,509

ii) Abroad

468

74

394

215

102

113

2. Loans (a+b+c)

81,517

41,778

39,739

98,705

51,494

47,211

a) External Assistance

4,377

2,147

2,230

5,642

2,297

3,346

i) By India

23

27

–4

23

28

–4

ii) To India

4,354

2,120

2,234

5,619

2,269

3,350

b) Commercial Borrowings

33,255

8,632

24,623

29,054

8,313

20,741

i) By India

1,433

1,516

–83

1,701

1,560

141

ii) To India

31,822

7,115

24,706

27,354

6,754

20,600

c) Short Term To India

43,886

30,999

12,887

64,009

40,884

23,125

i) Suppliers’ Credit >180 days & Buyers’ Credit

40,374

30,999

9,375

57,801

40,884

16,917

ii) Suppliers’ Credit up to 180 days

3,512

—

3,512

6,208

—

6,208

3. Banking Capital (a+b)

49,677

48,860

817

83,428

60,226

23,202

a) Commercial Banks

49,665

47,469

2,196

83,220

60,214

23,005

i) Assets

22,242

15,544

6,699

27,790

21,939

5,850

ii) Liabilities

27,423

31,925

–4,502

55,430

38,275

17,155

of which: Non-Resident Deposits

25,478

28,845

–3,367

42,678

38,258

4,420

b) Others

11

1,391

–1,380

208

12

197

4. Rupee Debt Service

—

—

—

—

304

–304

5. Other Capital

37,122

19,305

17,817

31,761

9,776

21,985

Total Capital Account (1 to 5)

5,01,718

3,84,755

1,16,964

5,68,773

4,57,180

1,11,593

C.

ERRORS & OMISSIONS

2,403

—

2,403

1,608

—

1,608

D.

OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

8,28,097

7,22,582

1,05,515

9,42,890

8,43,379

99,512

E.

MONETARY MOVEMENTS (i+ii)

—

1,05,515

–1,05,515

—

99,512

–99,512

i) I.M.F.

—

—

—

—

—

—

ii) Foreign Exchange Reserves (Increase – / Decrease +)

—

1,05,515

–1,05,515

—

99,512

–99,512

No. 40: India's Overall Balance of Payments (Contd.)

(Rs. crore)

Items

Apr-Jun 2008 PR

Jul-Sep 2008 PR

Credit

Debit

Net

Credit

Debit

Net

1

38

39

40

41

42

43

A.

CURRENT ACCOUNT

I. Merchandise

2,39,332

3,44,624

–1,05,292

2,34,792

4,06,064

–1,71,272

II. Invisibles (a+b+c)

1,64,224

72,569

91,655

2,00,699

84,481

1,16,219

a) Services

96,033

51,421

44,612

1,22,256

59,213

63,043

i) Travel

10,431

9,012

1,419

12,196

11,868

329

ii) Transportation

10,894

13,863

–2,969

13,314

16,421

–3,107

iii) Insurance

1,457

946

511

1,652

1,340

312

iv) G.n.i.e.

541

460

81

355

418

–63

v) Miscellaneous

72,710

27,140

45,570

94,739

29,167

65,572

of which

Software Services

50,324

3,514

46,810

53,061

4,092

48,968

Business Services

14,846

13,403

1,443

21,215

17,659

3,556

Financial Services

2,563

2,583

–20

7,323

4,229

3,094

Communication Services

2,125

944

1,182

3,239

1,298

1,942

b) Transfers

53,307

2,726

50,581

60,297

3,636

56,661

i) Official

616

447

168

222

424

–201

ii) Private

52,691

2,278

50,413

60,075

3,213

56,863

c) Income

14,883

18,422

–3,538

18,146

21,631

–3,486

i) Investment Income

14,239

17,053

–2,815

16,878

20,182

–3,305

ii) Compensation of Employees

644

1,368

–724

1,268

1,449

–181

Total Current Account (I+II)

4,03,555

4,17,192

–13,637

4,35,491

4,90,545

–55,053

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

2,20,365

2,00,548

19,817

2,26,676

2,10,953

15,723

a) Foreign Direct Investment (i+ii)

50,543

13,203

37,340

40,041

18,578

21,463

i) In India

49,561

89

49,472

38,660

229

38,431

Equity

42,654

89

42,564

31,975

229