Statement 1 : India's Overall Balance of Payments in Rupees (Part 2 of 2)

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પ્રકાશિત તારીખ સપ્ટેમ્બર 30, 2003

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Statement 1 : India's Overall Balance of Payments in Rupees (Part 2 of 2)


(Rs. crore)

	Apr-June 2001 PR			July-Sept 2001 PR			Oct-Dec 2001PR			Jan-Mar 2002PR
Item	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1	26	27	28	29	30	31	32	33	34	35	36	37

A.CURRENT ACCOUNT
I. MERCHANDISE	50346	67849	-17503	51200	69192	-17992	53164	67012	-13848	59641	70725	-11084

II.INVISIBLES (a+b+c)	44821	29712	15109	41706	29918	11788	42890	26008	16882	46445	26063	20382

a) Services	22909	20914	1995	26375	21631	4744	24427	17484	6943	24848	16570	8278

i) Travel	3366	3397	-31	3210	2704	506	3604	2089	1515	3700	2679	1021
ii) Transportation	1773	2837	-1064	2324	3191	-867	2414	2800	-386	2899	2518	381
iii) Insurance	288	172	116	321	343	-22	323	480	-157	347	213	134
iv) G.n.i.e.	711	341	370	501	354	147	453	303	150	570	295	275
v) Miscellaneous	16771	14167	2604	20019	15039	4980	17633	11812	5821	17332	10865	6467
of which : Software Services	8777	802	7975	8812	851	7961	9291	801	8490	9156	748	8408

b) Transfers	17634	76	17558	10966	70	10896	14906	83	14823	16481	90	16391

i) Official	187	3	184	340	-	340	246	1	245	1078	-	1078
ii) Private	17447	73	17374	10626	70	10556	14660	82	14578	15403	90	15313

c) Income	4278	8722	-4444	4365	8217	-3852	3557	8441	-4884	5116	9403	-4287
i) Investment Income	4113	8711	-4598	4272	8205	-3933	3492	8424	-4932	5035	9389	-4354
ii) Compensation of Employees	165	11	154	93	12	81	65	17	48	81	14	67


Total Current Account	95167	97561	-2394	92906	99110	-6204	96054	93020	3034	106086	96788	9298
(I+II)

B. CAPITAL ACCOUNT
1. Foreign Investment	15186	7001	8185	16986	9854	7132	15817	9775	6042	20926	10408	10518
(a+b)
a) Foreign Direct Investment (i+ii)	5838	2039	3799	8461	2349	6112	6702	1280	5422	8683	1428	7255

i. In India	5670	5	5665	8369	8	8361	6640	4	6636	8533	3	8530
Equity	2860	5	2855	5860	8	5852	4164	4	4160	5794	3	5791
Reinvested Earnings	2177	-	2177	2178	-	2178	2177	-	2177	2178	-	2178
Other Capital	633	-	633	331	-	331	299	-	299	561	-	561

ii. Abroad	168	2034	-1866	92	2341	-2249	62	1276	-1214	150	1425	-1275
Equity	168	889	-721	92	1409	-1317	62	347	-285	150	528	-378
Reinvested Earnings	-	832	-832	-	832	-832	-	832	-832	-	833	-833
Other Capital	-	313	-313	-	100	-100	-	97	-97	-	64	-64


b) Portfolio Investment	9348	4962	4386	8525	7505	1020	9115	8495	620	12243	8980	3263
In India	9348	4890	4458	8525	7298	1227	9115	8477	638	12243	8949	3294
Abroad	-	72	-72	-	207	-207	-	18	-18	-	31	-31

2.Loans	11416	16606	-5190	12230	13568	-1338	15443	17807	-2364	15913	13315	2598
(a+b+c)
a) External Assistance	2918	3123	-205	2910	1987	923	2480	2578	-98	7765	2967	4798
i) By India	-	339	-339	-	21	-21	-	18	-18	-	34	-34
ii) To India	2918	2784	134	2910	1966	944	2480	2560	-80	7765	2933	4832

b) Commercial Borrowings	1825	5225	-3400	3047	4808	-1761	4708	5094	-386	3316	5245	-1929
(MT & LT)
i) By India	5	-	5	1	-	1	11	-	11	2	-	2
ii) To India	1820	5225	-3405	3046	4808	-1762	4697	5094	-397	3314	5245	-1931

c) Short Term
To India	6673	8258	-1585	6273	6773	-500	8255	10135	-1880	4832	5103	-271

3. Banking Capital	27440	16299	11141	16037	16571	-534	19088	10327	8761	20924	13621	7303
(a+b)
a) Commercial Banks (i+ii)	25419	16299	9120	16037	15770	267	19042	9815	9227	20711	13609	7102
i) Assets	8377	2354	6023	2059	6272	-4213	6361	1980	4381	7308	2665	4643
ii) Liabilities	17042	13945	3097	13978	9498	4480	12681	7835	4846	13403	10944	2459
of which : Non -Resident Deposits	16365	13602	2763	13049	9389	3660	12033	7759	4274	13016	10586	2430
b) Others	2021	-	2021	-	801	-801	46	512	-466	213	12	201

4. Rupee Debt Service	-	1820	-1820	-	5	-5	-	2	-2	-	632	-632

5. Other Capital	1502	3615	-2113	5655	4115	1540	6870	5980	890	3269	2793	476

Total Capital Account	55544	45341	10203	50908	44113	6795	57218	43891	13327	61032	40769	20263
(1 to 5)

C. Errors & Omissions	-	952	-952	1692	-	1692	1028	-	1028	502	-	502

D. Overall Balance	150711	143854	6857	145506	143223	2283	154300	136911	17389	167620	137557	30063
(Total Capital Account,
Current Account and
Errors & Omissions (A+B+C))

E. Monetary Movements	-	6857	-6857	-	2283	-2283	-	17389	-17389	-	30063	-30063
(i+ii)
i) I.M.F.	-	-	-	-	-	-	-	-	-	-	-	-
ii) Foreign Exchange Reserves	-	6857	-6857	-	2283	-2283	-	17389	-17389	-	30063	-30063
( Increase - / Decrease +)

(Rs. crore)

	Apr-June 2000 PR			July-Sept 2000 PR			Oct-Dec 2000PR			Jan-Mar 2001PR
Item	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1	38	39	40	41	42	43	44	45	46	47	48	49

A.CURRENT ACCOUNT
I. MERCHANDISE	45854	66113	-20259	51562	69020	-17458	52122	68958	-16836	55749	66572	-10823

II.INVISIBLES (a+b+c)	32179	21811	10368	38148	25996	12152	44087	30011	14076	44868	32489	12379

a) Services	14423	12726	1697	19576	17480	2096	25708	21314	4394	26907	23693	3214

i) Travel	3129	3205	-76	3204	2896	308	4008	3122	886	4164	3913	251
ii) Transportation	1802	3913	-2111	2225	3453	-1228	2373	3497	-1124	2351	3599	-1248
iii) Insurance	273	128	145	284	115	169	318	136	182	301	183	118
iv) G.n.i.e.	516	295	221	859	485	374	901	325	576	736	452	284
v) Miscellaneous	8703	5185	3518	13004	10531	2473	18108	14234	3874	19355	15546	3809
of which : Software Services	5904	623	5281	7826	504	7322	7330	704	6626	7954	875	7079

b) Transfers	15165	69	15096	15365	56	15309	15064	69	14995	14718	160	14558

i) Official	266	-	266	286	5	281	444	-	444	560	5	555
ii) Private	14899	69	14830	15079	51	15028	14620	69	14551	14158	155	14003

c) Income	2591	9016	-6425	3207	8460	-5253	3315	8628	-5313	3243	8636	-5393
i) Investment Income	2456	9007	-6551	3079	8453	-5374	3197	8618	-5421	3137	8617	-5480
ii) Compensation of Employees	135	9	126	128	7	121	118	10	108	106	19	87


Total Current Account	78033	87924	-9891	89710	95016	-5306	96209	98969	-2760	100617	99061	1556
(I+II)

B. CAPITAL ACCOUNT
1. Foreign Investment	21204	13719	7485	18577	12855	5722	10637	8104	2533	22596	11092	11504
(a+b)
a) Foreign Direct Investment (i+ii)	4776	722	4054	4416	518	3898	4177	881	3296	5463	1299	4164

i. In India	4733	89	4644	4406	10	4396	4058	-	4058	5316	-	5316
Equity	3087	89	2998	2424	10	2414	2267	-	2267	3285	-	3285
Reinvested Earnings	1488	-	1488	1538	-	1538	1573	-	1573	1576	-	1576
Other Capital	158	-	158	444	-	444	218	-	218	455	-	455

ii. Abroad	43	633	-590	10	508	-498	119	881	-762	147	1299	-1152
Equity	43	344	-301	10	119	-109	119	511	-392	147	932	-785
Reinvested Earnings	-	253	-253	-	268	-268	-	278	-278	-	277	-277
Other Capital	-	36	-36	-	121	-121	-	92	-92	-	90	-90


b) Portfolio Investment	16428	12997	3431	14161	12337	1824	6460	7223	-763	17133	9793	7340
In India	16428	12997	3431	14161	12317	1844	6460	6619	-159	17133	9640	7493
Abroad	-	-	-	-	20	-20	-	604	-604	-	153	-153

2.Loans	15910	17626	-1716	24406	23358	1048	45943	23013	22930	18465	20828	-2363
(a+b+c)
a) External Assistance	2308	3852	-1544	2019	2187	-168	3983	2621	1362	5218	2867	2351
i) By India	-	32	-32	-	14	-14	1	32	-31	-	1	-1
ii) To India	2308	3820	-1512	2019	2173	-154	3982	2589	1393	5218	2866	2352

b) Commercial Borrowings	3491	5454	-1963	6075	7382	-1307	29022	5244	23778	3257	6188	-2931
(MT & LT)
i) By India	5	-	5	5	1	4	19	5	14	4	3	1
ii) To India	3486	5454	-1968	6070	7381	-1311	29003	5239	23764	3253	6185	-2932

c) Short Term
To India	10111	8320	1791	16312	13789	2523	12938	15148	-2210	9990	11773	-1783

3. Banking Capital	15749	10532	5217	13101	14374	-1273	14192	17677	-3485	15246	12188	3058
(a+b)
a) Commercial Banks (i+ii)	14565	10515	4050	13100	13403	-303	14175	16856	-2681	15024	12188	2836
i) Assets	3119	1643	1476	4498	6640	-2142	2694	7903	-5209	3419	4416	-997
ii) Liabilities	11446	8872	2574	8602	6763	1839	11481	8953	2528	11605	7772	3833
of which: Non- resident Deposits	11394	8379	3015	8469	6080	2389	10898	8708	2190	10265	7292	2973
b) Others	1184	17	1167	1	971	-970	17	821	-804	222	-	222

4. Rupee Debt Service	-	2030	-2030	-	6	-6	-	2	-2	-	725	-725

5. Other Capital	4009	6329	-2320	5535	5325	210	3807	4099	-292	4878	3699	1179

Total Capital Account	56872	50236	6636	61619	55918	5701	74579	52895	21684	61185	48532	12653
(1 to 5)

C. Errors & Omissions	-	1248	-1248	-	2273	-2273	586	-	586	324	-	324

D. Overall Balance	134905	139408	-4503	151329	153207	-1878	171374	151864	19510	162126	147593	14533
(Total Capital Account,
Current Account and
Errors & Omissions (A+B+C))

E. Monetary Movements	4618	115	4503	1878	-	1878	-	19510	-19510	-	14533	-14533
(i+ii)
i) I.M.F.	-	115	-115	-	-	-	-	-	-	-	-	-
ii) Foreign Exchange Reserves	4618	-	4618	1878	-	1878	-	19510	-19510	-	14533	-14533
( Increase - / Decrease +)

P. Provisional; PR : Partially Revised ; @ Data for 2002-03 are estimated as average of the previous two years. * : Includes Repayment of US dollar 3035 million of Government loans effected in Jan-Mar quarter of 2002-03 Notes: 1. Data on Foreign Direct Investment (FDI) have been revised since 2000-01 with expanded coverage to approach international best practices. These data, therefore, are not comparable with FDI data for previous years. 2 . The figures for re-invested earnings have been proportionately distributed in the quarterly data for 2000-01, 2001-02 and 2002-03. 3. Re-invested earnings figure for April-June 2003 have been estimated.