India's Overall Balance of Payments : July-September 2004 - RBI - Reserve Bank of India
India's Overall Balance of Payments : July-September 2004
TABLE 1: INDIA'S OVERALL BALANCE OF PAYMENTS
|
|||||||||
US $ million
|
|||||||||
Item |
April-June 2004 PR
|
July-September 2004 P
|
April-September 2004 P
|
||||||
Credit
|
Debit
|
Net
|
Credit
|
Debit
|
Net
|
Credit
|
Debit
|
Net
|
|
1 |
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
A. CURRENT ACCOUNT | |||||||||
I. MERCHANDISE |
18,189
|
23,329
|
5,140
|
16,262
|
28,563
|
12,301
|
34,451
|
51,892
|
17,441
|
II. INVISIBLES (a+b+c) |
18,029
|
9,730
|
8,299
|
15,444
|
9,562
|
5,882
|
33,473
|
19,292
|
14,182
|
a) Services |
10,206
|
7,422
|
2,784
|
9,158
|
7,216
|
1,943
|
19,364
|
14,638
|
4,727
|
i) Travel |
860
|
1,142
|
-282
|
1,054
|
1,291
|
-237
|
1,914
|
2,433
|
-519
|
ii) Transportation |
1,293
|
954
|
339
|
977
|
1,067
|
-90
|
2,270
|
2,021
|
250
|
iii) Insurance |
350
|
300
|
50
|
210
|
135
|
75
|
559
|
435
|
125
|
iv) G.n.i.e. |
190
|
66
|
124
|
82
|
58
|
24
|
273
|
124
|
148
|
v) Miscellaneous |
7,513
|
4,960
|
2,553
|
6,835
|
4,665
|
2,170
|
14,348
|
9,625
|
4,723
|
of which : Software Services |
3,501
|
125
|
3,375
|
3,637
|
125
|
3,512
|
7,137
|
250
|
6,887
|
b) Transfers |
6,606
|
90
|
6,516
|
4,968
|
111
|
4,856
|
11,574
|
202
|
11,372
|
i) Official |
89
|
7
|
81
|
179
|
2
|
177
|
267
|
9
|
258
|
ii) Private |
6,518
|
83
|
6,435
|
4,789
|
109
|
4,679
|
11,307
|
192
|
11,114
|
c) Income |
1,217
|
2,218
|
-1,001
|
1,318
|
2,235
|
-916
|
2,535
|
4,452
|
-1,917
|
i) Investment Income |
1,174
|
1,979
|
-806
|
1,292
|
1,981
|
-689
|
2,465
|
3,960
|
-1,495
|
ii) Compensation of Employees |
43
|
238
|
-195
|
26
|
254
|
-228
|
70
|
492
|
-423
|
Total Current Account (I+II) |
36,218
|
33,059
|
3,159
|
31,706
|
38,125
|
6,419
|
67,924
|
71,184
|
3,259
|
B. CAPITAL ACCOUNT | |||||||||
1. Foreign Investment (a+b) |
9,410
|
8,558
|
852
|
9,289
|
7,588
|
1,702
|
18,699
|
16,145
|
2,554
|
a) Foreign Direct Investment (i+ii) |
1,437
|
667
|
771
|
1,904
|
633
|
1,271
|
3,341
|
1,299
|
2,042
|
i. In India |
1,350
|
3
|
1,347
|
1,856
|
7
|
1,849
|
3,207
|
10
|
3,196
|
Equity |
842
|
3
|
839
|
1,084
|
7
|
1,077
|
1,926
|
10
|
1,915
|
Reinvested Earnings |
454
|
0
|
454
|
454
|
0
|
454
|
908
|
0
|
908
|
Other Capital |
55
|
0
|
55
|
319
|
0
|
319
|
373
|
0
|
373
|
ii. Abroad |
87
|
664
|
-576
|
48
|
626
|
-578
|
135
|
1,289
|
-1,154
|
Equity |
87
|
394
|
-307
|
48
|
356
|
-308
|
135
|
750
|
-615
|
Reinvested Earnings |
0
|
250
|
-250
|
0
|
250
|
-250
|
0
|
500
|
-500
|
Other Capital |
0
|
20
|
-20
|
0
|
20
|
-20
|
0
|
40
|
-40
|
b) Portfolio Investment |
7,972
|
7,891
|
81
|
7,385
|
6,955
|
430
|
15,357
|
14,846
|
512
|
In India |
7,972
|
7,891
|
81
|
7,385
|
6,955
|
430
|
15,357
|
14,846
|
512
|
Abroad |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2.Loans (a+b+c) |
7,270
|
3,848
|
3,422
|
6,334
|
5,313
|
1,020
|
13,604
|
9,161
|
4,443
|
a) External Assistance |
504
|
432
|
72
|
632
|
341
|
291
|
1,135
|
772
|
363
|
i) By India |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
ii) To India |
504
|
432
|
72
|
632
|
340
|
291
|
1,135
|
772
|
363
|
b) Commercial Borrowings (MT & LT) |
2,599
|
1,024
|
1,575
|
2,178
|
1,632
|
545
|
4,777
|
2,657
|
2,120
|
i) By India |
168
|
35
|
134
|
258
|
48
|
209
|
426
|
83
|
343
|
ii) To India |
2,431
|
990
|
1,441
|
1,920
|
1,584
|
336
|
4,351
|
2,574
|
1,777
|
c) Short Term To India |
4,167
|
2,392
|
1,775
|
3,525
|
3,340
|
184
|
7,692
|
5,732
|
1,960
|
3. Banking Capital (a+b) |
5,229
|
4,136
|
1,094
|
2,846
|
3,635
|
789
|
8,076
|
7,770
|
305
|
a) Commercial Banks |
4,979
|
3,963
|
1,016
|
2,846
|
3,607
|
-761
|
7,825
|
7,570
|
255
|
i) Assets |
1,786
|
929
|
856
|
568
|
1,267
|
-699
|
2,353
|
2,196
|
157
|
ii) Liabilities |
3,193
|
3,033
|
160
|
2,279
|
2,340
|
-61
|
5,472
|
5,373
|
99
|
of which: Non-Resident Deposits |
1,950
|
2,736
|
-786
|
1,755
|
2,219
|
-464
|
3,705
|
4,955
|
-1,250
|
b) Others |
250
|
173
|
78
|
0
|
28
|
-28
|
250
|
201
|
50
|
4. Rupee Debt Service |
0
|
277
|
277
|
0
|
2
|
2
|
0
|
279
|
279
|
5. Other Capital |
1,045
|
1,922
|
877
|
4,399
|
457
|
3,942
|
5,444
|
2,379
|
3,065
|
Total Capital Account (1 to 5) |
22,954
|
18,740
|
4,214
|
22,868
|
16,995
|
5,873
|
45,822
|
35,735
|
10,087
|
C. Errors & Omissions |
150
|
0
|
150
|
0
|
88
|
88
|
62
|
0
|
62
|
D. Overall Balance (A+B+C) |
59,322
|
51,799
|
7,524
|
54,575
|
55,208
|
634
|
113,809
|
106,919
|
6,890
|
[Total Current Account, Capital | |||||||||
Account and Errors and Omissions | |||||||||
E. Monetary Movements (i+ii) |
0
|
7,524
|
-7,524
|
634
|
0
|
634
|
0
|
6,890
|
-6,890
|
i) I.M.F. |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
ii) Foreign Exchange Reserves |
0
|
7,524
|
-7,524
|
634
|
0
|
634
|
0
|
6,890
|
-6,890
|
( Increase - / Decrease +) |
|||||||||
PR: Partially Revised. P: Preliminary. |
TABLE 2: INDIA'S OVERALL BALANCE OF PAYMENTS
|
|||||||||
Rs. Crore
|
|||||||||
Item |
April-June 2004
|
July-September 2004
|
April-September 2004 P
|
||||||
Credit
|
Debit
|
Net
|
Credit
|
Debit
|
Net
|
Credit
|
Debit
|
Net
|
|
1 |
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
A. CURRENT ACCOUNT | |||||||||
I. MERCHANDISE |
81,660
|
104,737
|
23,077
|
75,065
|
131,846
|
56,781
|
156,725
|
236,583
|
79,858
|
II. INVISIBLES (a+b+c) |
80,945
|
43,684
|
37,262
|
71,288
|
44,136
|
27,152
|
152,233
|
87,820
|
64,414
|
a) Services |
45,821
|
33,321
|
12,500
|
42,274
|
33,307
|
8,967
|
88,096
|
66,628
|
21,467
|
i) Travel |
3,859
|
5,126
|
-1,267
|
4,867
|
5,959
|
-1,092
|
8,726
|
11,086
|
-2,359
|
ii) Transportation |
5,807
|
4,283
|
1,524
|
4,509
|
4,923
|
-414
|
10,316
|
9,206
|
1,110
|
iii) Insurance |
1,570
|
1,347
|
223
|
968
|
622
|
346
|
2,538
|
1,969
|
569
|
iv) G.n.i.e. |
855
|
296
|
558
|
380
|
269
|
111
|
1,235
|
566
|
669
|
v) Miscellaneous |
33,731
|
22,269
|
11,462
|
31,550
|
21,533
|
10,017
|
65,281
|
43,802
|
21,479
|
of which : Software Services |
15,716
|
563
|
15,154
|
16,786
|
576
|
16,211
|
32,503
|
1,138
|
31,364
|
b) Transfers |
29,661
|
405
|
29,256
|
22,930
|
514
|
22,415
|
52,590
|
919
|
51,671
|
i) Official |
398
|
33
|
365
|
825
|
9
|
816
|
1,223
|
42
|
1,182
|
ii) Private |
29,262
|
372
|
28,890
|
22,105
|
505
|
21,599
|
51,367
|
877
|
50,489
|
c) Income |
5,464
|
9,957
|
-4,494
|
6,084
|
10,315
|
-4,230
|
11,548
|
20,272
|
-8,724
|
i) Investment Income |
5,269
|
8,887
|
-3,618
|
5,963
|
9,143
|
-3,180
|
11,232
|
18,030
|
-6,798
|
ii) Compensation of Employees |
194
|
1,070
|
-876
|
121
|
1,172
|
-1,051
|
316
|
2,242
|
-1,926
|
Total Current Account (I+II) |
162,605
|
148,421
|
14,185
|
146,353
|
175,982
|
29,628
|
308,958
|
324,402
|
15,444
|
B. CAPITAL ACCOUNT | |||||||||
1. Foreign Investment (a+b) |
42,246
|
38,421
|
3,825
|
42,878
|
35,024
|
7,854
|
85,124
|
73,444
|
11,679
|
a) Foreign Direct Investment (i+ii) |
6,454
|
2,994
|
3,460
|
8,789
|
2,920
|
5,868
|
15,242
|
5,914
|
9,328
|
i. In India |
6,062
|
15
|
6,047
|
8,569
|
32
|
8,537
|
14,631
|
47
|
14,584
|
Equity |
3,779
|
15
|
3,765
|
5,002
|
32
|
4,970
|
8,782
|
47
|
8,735
|
Reinvested Earnings |
2,038
|
0
|
2,038
|
2,095
|
0
|
2,095
|
4,133
|
0
|
4,133
|
Other Capital |
245
|
0
|
245
|
1,472
|
0
|
1,472
|
1,717
|
0
|
1,717
|
ii. Abroad |
392
|
2,979
|
-2,587
|
220
|
2,888
|
-2,668
|
612
|
5,867
|
-5,256
|
Equity |
392
|
1,768
|
-1,376
|
220
|
1,643
|
-1,423
|
612
|
3,411
|
-2,800
|
Reinvested Earnings |
0
|
1,121
|
-1,121
|
0
|
1,153
|
-1,153
|
0
|
2,274
|
-2,274
|
Other Capital |
0
|
90
|
-90
|
0
|
92
|
-92
|
0
|
182
|
-182
|
b) Portfolio Investment |
35,792
|
35,427
|
365
|
34,089
|
32,103
|
1,986
|
69,881
|
67,530
|
2,351
|
In India |
35,792
|
35,427
|
365
|
34,089
|
32,103
|
1,986
|
69,881
|
67,530
|
2,351
|
Abroad |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2.Loans (a+b+c) |
32,642
|
17,276
|
15,366
|
29,236
|
24,525
|
4,710
|
61,877
|
41,801
|
20,076
|
a) External Assistance |
2,261
|
1,938
|
323
|
2,915
|
1,572
|
1,343
|
5,176
|
3,510
|
1,666
|
i) By India |
0
|
0
|
0
|
0
|
1
|
-1
|
0
|
1
|
-1
|
ii) To India |
2,261
|
1,938
|
323
|
2,915
|
1,571
|
1,344
|
5,176
|
3,509
|
1,667
|
b) Commercial Borrowings (MT & LT) |
11,671
|
4,599
|
7,072
|
10,052
|
7,535
|
2,517
|
21,722
|
12,134
|
9,589
|
i) By India |
756
|
155
|
601
|
1,189
|
222
|
967
|
1,945
|
377
|
1,568
|
ii) To India |
10,914
|
4,443
|
6,471
|
8,863
|
7,313
|
1,550
|
19,777
|
11,756
|
8,021
|
c) Short Term To India |
18,710
|
10,739
|
7,971
|
16,269
|
15,418
|
851
|
34,979
|
26,157
|
8,822
|
3. Banking Capital (a+b) |
23,478
|
18,567
|
4,911
|
13,139
|
16,778
|
3,640
|
36,616
|
35,345
|
1,271
|
a) Commercial Banks |
22,353
|
17,791
|
4,562
|
13,139
|
16,651
|
-3,512
|
35,492
|
34,441
|
1,050
|
i) Assets |
8,016
|
4,172
|
3,844
|
2,620
|
5,849
|
-3,229
|
10,637
|
10,021
|
615
|
ii) Liabilities |
14,337
|
13,618
|
718
|
10,518
|
10,802
|
-283
|
24,855
|
24,420
|
435
|
of which: Non-Resident Deposits |
8,754
|
12,283
|
-3,529
|
8,102
|
10,244
|
-2,142
|
16,857
|
22,527
|
-5,671
|
b) Others |
1,124
|
776
|
348
|
0
|
128
|
-128
|
1,124
|
904
|
220
|
4. Rupee Debt Service |
0
|
1,244
|
1,244
|
0
|
10
|
10
|
0
|
1,254
|
1,254
|
5. Other Capital |
4,690
|
8,628
|
3,938
|
20,306
|
2,112
|
18,195
|
24,996
|
10,740
|
14,256
|
Total Capital Account (1 to 5) |
103,055
|
84,136
|
18,920
|
105,559
|
78,449
|
27,109
|
208,614
|
162,585
|
46,029
|
C. Errors & Omissions |
675
|
0
|
675
|
0
|
406
|
406
|
269
|
0
|
269
|
D. Overall Balance (A+B+C) |
266,335
|
232,556
|
33,779
|
251,912
|
254,837
|
2,926
|
517,841
|
486,987
|
30,853
|
[Total Current Account, Capital | |||||||||
Account and Errors and Omissions | |||||||||
E. Monetary Movements (i+ii) |
0
|
33,779
|
-33,779
|
2,926
|
0
|
2,926
|
0
|
30,853
|
-30,853
|
i) I.M.F. |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
ii) Foreign Exchange Reserves |
0
|
33,779
|
-33,779
|
2,926
|
0
|
2,926
|
0
|
30,853
|
-30,853
|
( Increase - / Decrease +) |
|||||||||
PR: Partially Revised. P: Preliminary. |