(US $ million)

Items

2005-06

2006-07

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

A.

CURRENT ACCOUNT

I. Merchandise

105,152

157,056

–51,904

128,888

190,670

–61,782

II. Invisibles (a+b+c)

89,687

47,685

42,002

114,558

62,341

52,217

a) Services

57,659

34,489

23,170

73,780

44,311

29,469

i) Travel

7,853

6,638

1,215

9,123

6,684

2,439

ii) Transportation

6,325

8,337

–2,012

7,974

8,068

–94

iii) Insurance

1,062

1,116

–54

1,195

642

553

iv) G.n.i.e.

314

529

–215

253

403

–150

v) Miscellaneous

42,105

17,869

24,236

55,235

28,514

26,721

of which

Software Services

23,600

1,338

22,262

31,300

2,267

29,033

Business Services

9,307

7,748

1,559

14,544

15,866

–1,322

Financial Services

1,209

965

244

3,106

2,991

115

Communication Services

1,575

289

1,286

2,262

796

1,466

b) Transfers

25,620

933

24,687

31,470

1,391

30,079

i) Official

669

475

194

635

381

254

ii) Private

24,951

458

24,493

30,835

1,010

29,825

c) Income

6,408

12,263

–5,855

9,308

16,639

–7,331

i) Investment Income

6,229

11,491

–5,262

8,926

15,688

–6,762

ii) Compensation of Employees

179

772

–593

382

951

–569

Total Current Account (I+II)

194,839

204,741

–9,902

243,446

253,011

–9,565

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

77,298

61,770

15,528

133,210

118,457

14,753

a) Foreign Direct Investment (i+ii)

9,178

6,144

3,034

23,590

15,897

7,693

i) In India

8,962

61

8,901

22,826

87

22,739

Equity

5,976

61

5,915

16,481

87

16,394

Reinvested Earnings

2,760

—

2,760

5,828

—

5,828

Other Capital

226

—

226

517

—

517

ii) Abroad

216

6,083

–5,867

764

15,810

–15,046

Equity

216

3,982

–3,766

764

13,368

–12,604

Reinvested Earnings

—

1,092

–1,092

—

1,076

–1,076

Other Capital

—

1,009

–1,009

—

1,366

–1,366

b) Portfolio Investment

68,120

55,626

12,494

109,620

102,560

7,060

i) In India

68,120

55,626

12,494

109,534

102,530

7,004

of which

FIIs

65,552

55,626

9,926

105,756

102,530

3,226

GDRs/ADRs

2,552

—

2,552

3,776

—

3,776

ii) Abroad

—

—

—

86

30

56

2. Loans (a+b+c)

39,479

31,570

7,909

54,642

30,152

24,490

a) External Assistance

3,631

1,929

1,702

3,767

1,992

1,775

i) By India

24

88

–64

20

32

–12

ii) To India

3,607

1,841

1,766

3,747

1,960

1,787

b) Commercial Borrowings

14,343

11,835

2,508

20,883

4,780

16,103

i) By India

—

251

–251

626

966

–340

ii) To India

14,343

11,584

2,759

20,257

3,814

16,443

c) Short Term To India

21,505

17,806

3,699

29,992

23,380

6,612

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

19,372

17,647

1,725

25,482

22,175

3,307

ii) Suppliers’ Credit up to 180 days

2,133

159

1,974

4,510

1,205

3,305

3. Banking Capital (a+b)

21,658

20,285

1,373

37,209

35,296

1,913

a) Commercial Banks

20,586

20,144

442

36,799

35,218

1,581

i) Assets

772

3,947

–3,175

14,466

17,960

–3,494

ii) Liabilities

19,814

16,197

3,617

22,333

17,258

5,075

of which: Non-Resident Deposits

17,835

15,046

2,789

19,914

15,593

4,321

b) Others

1,072

141

931

410

78

332

4. Rupee Debt Service

—

572

–572

—

162

–162

5. Other Capital

5,941

4,709

1,232

8,230

4,021

4,209

Total Capital Account (1 to 5)

144,376

118,906

25,470

233,291

188,088

45,203

C.

ERRORS & OMISSIONS

—

516

–516

968

—

968

D.

OVERALL BALANCE (Total Current Account, Capital

339,215

324,163

15,052

477,705

441,099

36,606

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

E.

MONETARY MOVEMENTS (i+ii)

—

15,052

–15,052

—

36,606

–36,606

i) I.M.F.

—

—

—

—

—

—

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

—

15,052

–15,052

—

36,606

–36,606

P : Preliminary. PR : Partially Revised.

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

Items

2007-08

2008-09 PR

Credit

Debit

Net

Credit

Debit

Net

1

8

9

10

11

12

13

A.

CURRENT ACCOUNT

I. Merchandise

166,162

257,629

–91,467

189,001

307,651

–118,650

II. Invisibles (a+b+c)

148,875

73,144

75,731

163,534

73,612

89,923

a) Services

90,342

51,490

38,853

101,678

52,047

49,631

i) Travel

11,349

9,258

2,091

10,894

9,425

1,469

ii) Transportation

10,014

11,514

–1,500

11,286

12,820

–1,534

iii) Insurance

1,639

1,044

595

1,419

1,130

289

iv) G.n.i.e.

331

376

–45

389

793

–404

v) Miscellaneous

67,010

29,298

37,712

77,691

27,879

49,812

of which

Software Services

40,300

3,358

36,942

46,300

2,814

43,486

Business Services

16,772

16,553

219

16,445

15,435

1,010

Financial Services

3,217

3,133

84

3,948

2,958

990

Communication Services

2,408

860

1,548

2,172

1,087

1,084

b) Transfers

44,261

2,316

41,945

47,547

2,749

44,798

i) Official

753

514

239

645

413

232

ii) Private

43,508

1,802

41,706

46,903

2,336

44,567

c) Income

14,272

19,339

–5,068

14,309

18,816

–4,507

i) Investment Income

13,811

18,244

–4,433

13,483

17,506

–4,023

ii) Compensation of Employees

461

1,095

–635

825

1,309

–484

Total Current Account (I+II)

315,037

330,774

–15,737

352,535

381,263

–28,728

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

271,122

227,796

43,326

164,915

161,448

3,467

a) Foreign Direct Investment (i+ii)

37,321

21,429

15,893

36,261

18,763

17,498

i) In India

34,844

116

34,728

35,158

166

34,992

Equity

26,865

108

26,757

27,973

166

27,807

Reinvested Earnings

7,679

—

7,679

6,428

—

6,428

Other Capital

300

8

292

757

—

757

ii) Abroad

2,477

21,312

–18,835

1,103

18,597

–17,495

Equity

2,477

16,899

–14,422

1,103

14,669

–13,566

Reinvested Earnings

—

1,084

–1,084

—

1,084

–1,084

Other Capital

—

3,330

–3,330

—

2,844

–2,844

b) Portfolio Investment

233,800

206,367

27,433

128,654

142,685

–14,030

i) In India

233,564

206,294

27,270

128,512

142,365

–13,853

of which

FIIs

226,621

206,294

20,327

127,349

142,366

–15,017

GDRs/ADRs

6,645

—

6,645

1,162

—

1,162

ii) Abroad

236

73

163

142

319

–177

2. Loans (a+b+c)

82,192

41,539

40,653

62,126

53,458

8,669

a) External Assistance

4,241

2,126

2,114

5,041

2,405

2,637

i) By India

23

28

–4

23

33

–10

ii) To India

4,217

2,098

2,119

5,018

2,371

2,647

b) Commercial Borrowings

30,293

7,684

22,609

15,244

7,303

7,941

i) By India

1,593

1,624

–31

1,997

783

1,214

ii) To India

28,700

6,060

22,640

13,248

6,521

6,727

c) Short Term To India

47,658

31,729

15,930

41,841

43,750

–1,909

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

42,641

31,729

10,913

38,815

38,352

463

ii) Suppliers’ Credit up to 180 days

5,017

—

5,017

3,026

5,398

–2,372

3. Banking Capital (a+b)

55,814

44,055

11,759

65,207

68,453

–3,245

a) Commercial Banks

55,735

43,623

12,112

65,094

67,868

–2,774

i) Assets

19,562

12,668

6,894

25,823

28,725

–2,902

ii) Liabilities

36,173

30,955

5,217

39,270

39,142

128

of which: Non-Resident Deposits

29,400

29,222

179

37,147

32,858

4,290

b) Others

79

432

–353

114

585

–471

4. Rupee Debt Service

—

122

–122

—

100

–100

5. Other Capital

29,229

18,261

10,969

20,179

21,723

–1,545

Total Capital Account (1 to 5)

438,357

331,772

106,585

312,427

305,181

7,246

C.

ERRORS & OMISSIONS

1,316

—

1,316

1,402

—

1,402

D.

OVERALL BALANCE (Total Current Account, Capital

754,710

662,546

92,164

666,364

686,444

–20,080

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

E.

MONETARY MOVEMENTS (i+ii)

—

92,164

–92,164

20,080

—

20,080

i) I.M.F.

—

—

—

—

—

—

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

—

92,164

–92,164

20,080

—

20,080

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

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

29,663

46,613

–16,950

32,701

48,717

–16,016

II. Invisibles (a+b+c)

24,934

12,421

12,513

24,866

14,597

10,269

a) Services

16,042

8,475

7,567

16,416

9,966

6,450

i) Travel

1,708

1,488

220

1,796

1,811

–15

ii) Transportation

1,715

1,997

–282

1,973

1,978

–5

iii) Insurance

238

129

109

315

154

161

iv) G.n.i.e.

40

79

–39

61

122

–61

v) Miscellaneous

12,341

4,782

7,559

12,271

5,901

6,370

of which

Software Services

7,039

415

6,624

7,121

405

6,716

Business Services

3,386

2,646

740

3,436

3,300

136

Financial Services

509

318

191

716

703

13

Communication Services

475

108

367

569

180

389

b) Transfers

7,170

289

6,881

6,218

361

5,857

i) Official

69

82

–13

119

100

19

ii) Private

7,101

207

6,894

6,099

261

5,838

c) Income

1,722

3,657

–1,935

2,232

4,270

–2,038

i) Investment Income

1,659

3,461

–1,802

2,160

4,042

–1,882

ii) Compensation of Employees

63

196

–133

72

228

–156

Total Current Account (I+II)

54,597

59,034

–4,437

57,567

63,314

–5,747

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

34,299

33,067

1,232

22,485

18,219

4,266

a) Foreign Direct Investment (i+ii)

3,477

1,739

1,738

4,545

2,429

2,116

i) In India

3,413

8

3,405

4,400

2

4,398

Equity

1,946

8

1,938

2,886

2

2,884

Reinvested Earnings

1,457

—

1,457

1,457

—

1,457

Other Capital

10

—

10

57

—

57

ii) Abroad

64

1,731

–1,667

145

2,427

–2,282

Equity

64

1,189

–1,125

145

1,868

–1,723

Reinvested Earnings

—

269

–269

—

269

–269

Other Capital

—

273

–273

—

290

–290

b) Portfolio Investment

30,822

31,328

–506

17,940

15,790

2,150

i) In India

30,801

31,327

–526

17,929

15,789

2,140

of which

FIIs

29,540

31,327

–1,787

17,469

15,789

1,680

GDRs/ADRs

1,261

—

1261

460

—

460

ii) Abroad

21

1

20

11

1

10

2. Loans (a+b+c)

11,499

6,288

5,211

11,228

6,446

4,782

a) External Assistance

577

526

51

788

449

339

i) By India

5

8

–3

5

8

–3

ii) To India

572

518

54

783

441

342

b) Commercial Borrowings

5,051

1,073

3,978

2,680

920

1,760

i) By India

87

223

–136

114

170

–56

ii) To India

4,964

850

4,114

2,566

750

1,816

c) Short Term To India

5,871

4,689

1,182

7,760

5,077

2,683

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

5,082

4,689

393

6,579

5,077

1,502

ii) Suppliers’ Credit up to 180 days

789

—

789

1,181

—

1,181

3. Banking Capital (a+b)

9,909

4,848

5,061

5,754

7,472

–1,718

a) Commercial Banks

9,837

4,848

4,989

5,754

7,428

–1,674

i) Assets

5,257

1,877

3,380

1,568

3,553

–1,985

ii) Liabilities

4,580

2,971

1,609

4,186

3,875

311

of which: Non-Resident Deposits

4,246

2,944

1,302

4,185

3,277

908

b) Others

72

—

72

—

44

–44

4. Rupee Debt Service

—

67

–67

—

—

—

5. Other Capital

342

1,054

–712

1,084

554

530

Total Capital Account (1 to 5)

56,049

45,324

10,725

40,551

32,691

7,860

C.

ERRORS & OMISSIONS

91

—

91

157

—

157

D.

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

110,737

104,358

6,379

98,275

96,005

2,270

E.

MONETARY MOVEMENTS (i+ii)

—

6,379

–6,379

—

2,270

–2,270

i) I.M.F.

—

—

—

—

—

—

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

—

6,379

–6,379

—

2,270

–2,270

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

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

30,824

47,257

–16,433

35,700

48,083

–12,383

II. Invisibles (a+b+c)

29,704

16,875

12,829

35,054

18,448

16,606

a) Services

18,451

12,371

6,080

22,871

13,499

9,372

i) Travel

2,621

1,638

983

2,998

1,747

1,251

ii) Transportation

2,092

2,102

–10

2,194

1,991

203

iii) Insurance

288

201

87

354

158

196

iv) G.n.i.e.

87

97

–10

65

105

–40

v) Miscellaneous

13,363

8,333

5,030

17,260

9,498

7,762

of which

Software Services

7,602

684

6,918

9,538

763

8,775

Business Services

3,690

4,267

–577

4,032

5,653

–1,621

Financial Services

828

647

181

1,053

1,323

–270

Communication Services

597

239

358

621

269

352

b) Transfers

8,961

333

8,628

9,121

408

8,713

i) Official

287

89

198

160

110

50

ii) Private

8,674

244

8,430

8,961

298

8,663

c) Income

2,292

4,171

–1,879

3,062

4,541

–1,479

i) Investment Income

2,193

3,936

–1,743

2,914

4,249

–1,335

ii) Compensation of Employees

99

235

–136

148

292

–144

Total Current Account (I+II)

60,528

64,132

–3,604

70,754

66,531

4,223

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

38,646

32,179

6,467

37,780

34,992

2,788

a) Foreign Direct Investment (i+ii)

10,008

7,110

2,898

5,560

4,619

941

i) In India

9,855

7

9,848

5,158

70

5,088

Equity

8,203

7

8,196

3,446

70

3,376

Reinvested Earnings

1,457

—

1,457

1,457

—

1,457

Other Capital

195

—

195

255

—

255

ii) Abroad

153

7,103

–6,950

402

4,549

–4,147

Equity

153

6,454

–6,301

402

3,857

–3,455

Reinvested Earnings

—

269

–269

—

269

–269

Other Capital

—

380

–380

—

423

–423

b) Portfolio Investment

28,638

25,069

3,569

32,220

30,373

1,847

i) In India

28,625

25,063

3,562

32,179

30,351

1,828

of which

FIIs

28418

25063

3355

30329

30351

–22

GDRs/ADRs

207

—

207

1848

—

1848

ii) Abroad

13

6

7

41

22

19

2. Loans (a+b+c)

14,731

8,250

6,481

17,184

9,168

8,016

a) External Assistance

1,113

494

619

1,289

523

766

i) By India

5

8

–3

5

8

–3

ii) To India

1,108

486

622

1,284

515

769

b) Commercial Borrowings

5,418

1,369

4,049

7,734

1,418

6,316

i) By India

425

345

80

—

228

–228

ii) To India

4,993

1,024

3,969

7,734

1,190

6,544

c) Short Term To India

8,200

6,387

1,813

8,161

7,227

934

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

5,660

6,387

–727

8,161

6,022

2,139

ii) Suppliers’ Credit up to 180 days

2,540

—

2,540

—

1,205

-1,205

3. Banking Capital (a+b)

7,160

10,273

–3,113

14,386

12,703

1,683

a) Commercial Banks

6,944

10,239

–3,295

14,264

12,703

1,561

i) Assets

556

4,530

–3,974

7,085

8,000

–915

ii) Liabilities

6,388

5,709

679

7,179

4,703

2,476

of which: Non-Resident Deposits

6,325

4,862

1,463

5,158

4,510

648

b) Others

216

34

182

122

—

122

4. Rupee Debt Service

—

2

–2

—

93

–93

5. Other Capital

1,976

994

982

4,828

1,419

3,409

Total Capital Account (1 to 5)

62,513

51,698

10,815

74,178

58,375

15,803

C.

ERRORS & OMISSIONS

294

—

294

426

—

426

D.

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

123,335

115,830

7,505

145,358

124,906

20,452

E.

MONETARY MOVEMENTS (i+ii)

—

7,505

–7,505

—

20,452

–20,452

i) I.M.F.

—

—

—

—

—

—

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

—

7,505

–7,505

—

20,452

–20,452

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

Items

Apr-Jun 2007

Jul-Sep 2007

Credit

Debit

Net

Credit

Debit

Net

26

27

28

29

30

31

A.

CURRENT ACCOUNT

I. Merchandise

36,601

56,348

–19,747

38,429

59,904

–21,475

II. Invisibles (a+b+c)

29,921

14,706

15,215

34,442

17,224

17,218

a) Services

18,931

9,926

9,006

21,016

11,598

9,418

i) Travel

2,088

1,906

182

2,248

2,047

201

ii) Transportation

1,953

2,526

–573

2,091

2,559

–468

iii) Insurance

373

185

188

341

284

57

iv) G.n.i.e.

94

110

–16

68

128

–60

v) Miscellaneous

14,424

5,199

9,225

16,267

6,580

9,687

of which

Software Services

8,836

679

8,157

9,050

801

8,248

Business Services

3,758

3,222

536

3,894

3,537

357

Financial Services

528

449

79

916

702

215

Communication Services

513

231

282

613

180

433

b) Transfers

8,628

432

8,196

9,708

408

9,300

i) Official

153

165

–11

158

112

46

ii) Private

8,475

267

8,208

9,550

296

9,254

c) Income

2,362

4,349

–1,987

3,718

5,218

–1,500

i) Investment Income

2,279

4,151

–1,871

3,608

4,920

–1,312

ii) Compensation of Employees

83

198

–116

110

298

–188

Total Current Account (I+II)

66,523

71,054

–4,532

72,871

77,128

–4,257

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

43,173

32,757

10,416

54,343

41,177

13,166

a) Foreign Direct Investment (i+ii)

8,409

5,535

2,874

5,640

3,374

2,266

i) In India

7,616

20

7,595

4,865

19

4,847

Equity

5,574

20

5,553

2,822

19

2,803

Reinvested Earnings

1,920

—

1,920

1,920

—

1,920

Other Capital

122

—

122

124

—

124

ii) Abroad

793

5,514

–4,721

774

3,355

–2,581

Equity

793

4,758

–3,965

774

2,515

–1,741

Reinvested Earnings

0

271

–271

—

271

–271

Other Capital

0

485

–485

—

569

–569

b) Portfolio Investment

34,764

27,222

7,542

48,704

37,803

10,900

i) In India

34,706

27,216

7,490

48,698

37,781

10,918

of which

FIIs

34,305

27,216

7,089

46,199

37,781

8,418

GDRs/ADRs

316

—

316

2,477

—

2,477

ii) Abroad

58

6

52

5

23

–17

2. Loans (a+b+c)

16,740

7,593

9,147

20,008

10,428

9,580

a) External Assistance

731

491

241

983

515

468

i) By India

6

7

–1

6

7

–1

ii) To India

726

484

242

977

508

469

b) Commercial Borrowings

8,282

1,338

6,944

6,288

2,071

4,217

i) By India

359

345

14

443

503

–60

ii) To India

7,923

993

6,930

5,845

1,568

4,277

c) Short Term To India

7,726

5,764

1,962

12,737

7,842

4,895

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

6,883

5,764

1,119

11,012

7,842

3,170

ii) Suppliers’ Credit up to 180 days

843

—

843

1,725

—

1,725

3. Banking Capital (a+b)

8,561

9,479

–918

13,714

7,070

6,643

a) Commercial Banks

8,561

9,473

–913

13,690

7,000

6,690

i) Assets

2,543

2,861

–318

4,404

358

4,046

ii) Liabilities

6,017

6,612

–595

9,286

6,642

2,645

of which: Non-Resident Deposits

5,252

5,699

–447

6,975

6,606

369

b) Others

—

6

–6

24

71

–47

4. Rupee Debt Service

—

43

–43

—

2

–2

5. Other Capital

2,822

5,726

–2,904

9,025

5,188

3,837

Total Capital Account (1 to 5)

71,296

55,598

15,698

97,090

63,866

33,224

C.

ERRORS & OMISSIONS

34

—

34

269

—

269

D.

OVERALL BALANCE (Total Current Account, Capital

137,852

126,652

11,200

170,230

140,994

29,236

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

E.

MONETARY MOVEMENTS (i+ii)

—

11,200

–11,200

—

29,236

–29,236

i) I.M.F.

—

—

—

—

—

—

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

—

11,200

–11,200

—

29,236

–29,236

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

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

43,054

67,294

–24,241

48,079

74,084

–26,005

II. Invisibles (a+b+c)

39,044

18,314

20,730

45,468

22,901

22,567

a) Services

24,109

12,763

11,346

26,286

17,203

9,083

i) Travel

3,395

2,519

876

3,618

2,786

832

ii) Transportation

2,799

3,043

–245

3,171

3,386

–215

iii) Insurance

438

261

177

487

314

173

iv) G.n.i.e.

90

75

16

78

63

15

v) Miscellaneous

17,387

6,865

10,522

18,932

10,654

8,278

of which

Software Services

9,608

852

8,757

12,806

1,026

11,780

Business Services

4,588

4,245

343

4,532

5,549

–1,016

Financial Services

882

763

119

891

1,219

–328

Communication Services

601

183

418

681

265

416

b) Transfers

11,427

493

10,934

14,498

982

13,515

i) Official

195

121

73

247

116

131

ii) Private

11,233

372

10,861

14,251

866

13,384

c) Income

3,508

5,058

–1,550

4,684

4,715

–31

i) Investment Income

3,401

4,791

–1,390

4,523

4,383

140

ii) Compensation of Employees

106

267

–160

161

333

–171

Total Current Account (I+II)

82,097

85,607

–3,511

93,546

96,984

–3,438

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

84,486

69,639

14,847

89,119

84,222

4,897

a) Foreign Direct Investment (i+ii)

8,396

6,275

2,120

14,877

6,245

8,633

i) In India

7,996

43

7,953

14,367

34

14,334

Equity

6,022

43

5,978

12,448

26

12,422

Reinvested Earnings

1,920

—

1,920

1,920

—

1,920

Other Capital

54

—

54

—

8

–8

ii) Abroad

400

6,232

–5,832

510

6,211

–5,701

Equity

400

5,206

–4,806

510

4,419

–3,909

Reinvested Earnings

—

271

–271

—

271

–271

Other Capital

—

755

–755

—

1,521

–1,521

b) Portfolio Investment

76,090

63,364

12,727

74,242

77,978

–3,736

i) In India

75,972

63,345

12,627

74,188

77,952

–3,764

of which

FIIs

72,309

63,345

8,964

73,808

77,952

–4,144

GDRs/ADRs

3,473

3,473

379

—

379

ii) Abroad

119

19

100

54

26

28

2. Loans (a+b+c)

20,657

10,587

10,070

24,787

12,931

11,856

a) External Assistance

1,109

544

565

1,417

577

840

i) By India

6

7

–1

6

7

–1

ii) To India

1,103

537

566

1,411

570

841

b) Commercial Borrowings

8,427

2,187

6,240

7,296

2,088

5,209

i) By India

363

384

–21

427

392

35

ii) To India

8,064

1,803

6,261

6,869

1,696

5,173

c) Short Term To India

11,121

7,855

3,266

16,074

10,267

5,807

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

10,231

7,855

2,376

14,515

10,267

4,248

ii) Suppliers’ Credit up to 180 days

890

—

890

1,559

—

1,559

3. Banking Capital (a+b)

12,588

12,381

207

20,951

15,124

5,827

a) Commercial Banks

12,586

12,029

557

20,899

15,121

5,777

i) Assets

5,636

3,939

1,698

6,979

5,510

1,469

ii) Liabilities

6,949

8,090

–1,141

13,920

9,612

4,308

of which: Non-Resident Deposits

6,456

7,309

–853

10,718

9,608

1,110

b) Others

3

352

–350

52

3

49

4. Rupee Debt Service

—

—

—

—

76

–76

5. Other Capital

9,407

4,892

4,515

7,976

2,455

5,521

Total Capital Account (1 to 5)

127,138

97,499

29,639

142,833

114,809

28,024

C.

ERRORS & OMISSIONS

609

—

609

405

—

405

D.

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

209,844

183,106

26,738

236,783

211,794

24,990

E.

MONETARY MOVEMENTS (i+ii)

—

26,738

–26,738

—

24,990

–24,990

i) I.M.F.

—

—

—

—

—

—

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

—

26,738

–26,738

—

24,990

–24,990

No. 41: India's Overall Balance of Payments (Contd.)

(US $ million)

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

57,454

82,731

–25,277

53,630

92,752

–39,121

II. Invisibles (a+b+c)

39,424

17,421

22,003

45,843

19,297

26,546

a) Services

23,054

12,344

10,710

27,925

13,525

14,400

i) Travel

2,504

2,164

341

2,786

2,711

75

ii) Transportation

2,615

3,328

–713

3,041

3,751

–710

iii) Insurance

350

227

123

377

306

71

iv) G.n.i.e.

130

110

19

81

95

–14

v) Miscellaneous

17,455

6,515

10,940

21,640

6,662

14,978

of which

Software Services

12,081

844

11,237

12,120

935

11,185

Business Services

3,564

3,217

346

4,846

4,034

812

Financial Services

615

620

–5

1,673

966

707

Communication Services

510

227

284

740

296

444

b) Transfers

12,797

654

12,143

13,773

831

12,942

i) Official

148

107

40

51

97

–46

ii) Private

12,649

547

12,102

13,722

734

12,988

c) Income

3,573

4,422

–849

4,145

4,941

–796

i) Investment Income

3,418

4,094

–676

3,855

4,610

–755

ii) Compensation of Employees

155

328

–174

290

331

–41

Total Current Account (I+II)

96,878

100,152

–3,274

99,474

112,049

–12,575

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

52,901

48,144

4,757

51,777

48,185

3,591

a) Foreign Direct Investment (i+ii)

12,134

3,170

8,964

9,146

4,244

4,903

i) In India

11,898

21

11,876

8,831

52

8,778