(US $ million)

Item

2006-07

2007-08

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

A.

CURRENT ACCOUNT

I. Merchandise

128,888

190,670

-61,782

166,162

257,629

-91,467

II. Invisibles (a+b+c)

114,558

62,341

52,217

148,875

73,144

75,731

a) Services

73,780

44,311

29,469

90,342

51,490

38,853

i) Travel

9,123

6,684

2,439

11,349

9,258

2,091

ii) Transportation

7,974

8,068

-94

10,014

11,514

-1,500

iii) Insurance

1,195

642

553

1,639

1,044

595

iv) G.n.i.e.

253

403

-150

331

376

-45

v) Miscellaneous

55,235

28,514

26,721

67,010

29,298

37,712

of which

Software Services

31,300

2,267

29,033

40,300

3,358

36,942

Business Services

14,544

15,866

-1,322

16,772

16,553

219

Financial Services

3,106

2,991

115

3,217

3,133

84

Communication Services

2,262

796

1,466

2,408

860

1,548

b) Transfers

31,470

1,391

30,079

44,261

2,316

41,945

i) Official

635

381

254

753

514

239

ii) Private

30,835

1,010

29,825

43,508

1,802

41,706

c) Income

9,308

16,639

-7,331

14,272

19,339

-5,068

i) Investment Income

8,926

15,688

-6,762

13,811

18,244

-4,433

ii) Compensation of Employees

382

951

-569

461

1,095

-635

Total Current Account (I+II)

243,446

253,011

-9,565

315,037

330,774

-15,737

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

133,210

118,457

14,753

271,122

227,796

43,326

a) Foreign Direct Investment (i+ii)

23,590

15,897

7,693

37,321

21,429

15,893

i) In India

22,826

87

22,739

34,844

116

34,728

Equity

16,481

87

16,394

26,865

108

26,757

Reinvested Earnings

5,828

—

5,828

7,679

—

7,679

Other Capital

517

—

517

300

8

292

ii) Abroad

764

15,810

-15,046

2,477

21,312

-18,835

Equity

764

13,368

-12,604

2,477

16,899

-14,422

Reinvested Earnings

—

1,076

-1,076

—

1,084

-1,084

Other Capital

—

1,366

-1,366

—

3,330

-3,330

b) Portfolio Investment

109,620

102,560

7,060

233,800

206,367

27,433

i) In India

109,534

102,530

7,004

233,564

206,294

27,270

of which

FIIs

105,756

102,530

3,226

226,621

206,294

20,327

GDRs/ADRs

3,776

—

3,776

6,645

—

6,645

ii) Abroad

86

30

56

236

73

163

2. Loans (a+b+c)

54,642

30,152

24,490

82,192

41,539

40,653

a) External Assistance

3,767

1,992

1,775

4,241

2,126

2,114

i) By India

20

32

-12

23

28

-4

ii) To India

3,747

1,960

1,787

4,217

2,098

2,119

b) Commercial Borrowings

20,883

4,780

16,103

30,293

7,684

22,609

i) By India

626

966

-340

1,593

1,624

-31

ii) To India

20,257

3,814

16,443

28,700

6,060

22,640

c) Short Term To India

29,992

23,380

6,612

47,658

31,729

15,930

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

25,482

22,175

3,307

42,641

31,729

10,913

ii) Suppliers’ Credit up to 180 days

4,510

1,205

3,305

5,017

—

5,017

3. Banking Capital (a+b)

37,209

35,296

1,913

55,814

44,055

11,759

a) Commercial Banks

36,799

35,218

1,581

55,735

43,623

12,112

i) Assets

14,466

17,960

-3,494

19,562

12,668

6,894

ii) Liabilities

22,333

17,258

5,075

36,173

30,955

5,217

of which: Non-Resident Deposits

19,914

15,593

4,321

29,400

29,222

179

b) Others

410

78

332

79

432

-353

4. Rupee Debt Service

—

162

-162

—

122

-122

5. Other Capital

8,230

4,021

4,209

29,229

18,261

10,969

Total Capital Account (1 to 5)

233,291

188,088

45,203

438,357

331,772

106,585

C.

ERRORS & OMISSIONS

968

—

968

1,316

—

1,316

D.

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

477,705

441,099

36,606

754,710

662,546

92,164

E.

MONETARY MOVEMENTS (i+ii)

—

36,606

-36,606

—

92,164

-92,164

i) I.M.F.

—

—

—

—

—

—

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

—

36,606

-36,606

—

92,164

-92,164

P : Preliminary. PR : Partially Revised.

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

(US $ million)

Item

2008-09 PR

2009-10 P

Credit

Debit

Net

Credit

Debit

Net

1

8

9

10

11

12

13

A.

CURRENT ACCOUNT

I. Merchandise

189,001

307,651

-118,650

182,163

299,491

-117,328

II. Invisibles (a+b+c)

163,534

73,612

89,923

161,246

82,329

78,917

a) Services

101,678

52,047

49,631

93,792

59,586

34,208

i) Travel

10,894

9,425

1,469

11,859

9,343

2,516

ii) Transportation

11,286

12,820

-1,534

11,147

11,933

-786

iii) Insurance

1,419

1,130

289

1,600

1,286

314

iv) G.n.i.e.

389

793

-404

441

525

-84

v) Miscellaneous

77,691

27,879

49,812

68,744

36,499

32,246

of which

Software Services

46,300

2,814

43,486

49,705

1,468

48,237

Business Services

16,445

15,435

1,010

11,645

18,626

-6,981

Financial Services

3,948

2,958

990

3,737

4,735

-998

Communication Services

2,172

1,087

1,084

1,229

1,389

-161

b) Transfers

47,547

2,749

44,798

54,432

2,318

52,114

i) Official

645

413

232

531

473

58

ii) Private

46,903

2,336

44,567

53,901

1,845

52,056

c) Income

14,309

18,816

-4,507

13,024

20,427

-7,403

i) Investment Income

13,483

17,506

-4,023

12,108

18,721

-6,613

ii) Compensation of Employees

825

1,309

-484

915

1,705

-791

Total Current Account (I+II)

352,535

381,263

-28,728

343,409

381,820

-38,411

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

164,915

161,448

3,467

198,088

145,963

52,125

a) Foreign Direct Investment (i+ii)

36,261

18,763

17,498

37,919

18,190

19,729

i) In India

35,158

166

34,992

37,181

5,499

31,682

Equity

27,973

166

27,807

27,149

4,241

22,908

Reinvested Earnings

6,428

—

6,428

8,079

—

8,079

Other Capital

757

—

757

1,953

1,258

695

ii) Abroad

1,103

18,597

-17,495

738

12,691

-11,953

Equity

1,103

14,669

-13,566

738

8,057

-7,319

Reinvested Earnings

—

1,084

-1,084

—

1,084

-1,084

Other Capital

—

2,844

-2,844

—

3,550

-3,550

b) Portfolio Investment

128,654

142,685

-14,030

160,169

127,773

32,396

i) In India

128,512

142,365

-13,853

159,897

127,521

32,376

of which

FIIs

127,349

142,366

-15,017

156,569

127,521

29,048

GDRs/ADRs

1,162

—

1,162

3,328

—

3,328

ii) Abroad

142

319

-177

272

252

20

2. Loans (a+b+c)

62,126

53,458

8,669

73,201

60,984

12,217

a) External Assistance

5,041

2,405

2,637

4,963

2,919

2,044

i) By India

23

33

-10

51

422

-371

ii) To India

5,018

2,371

2,647

4,912

2,497

2,415

b) Commercial Borrowings

15,244

7,303

7,941

14,673

12,152

2,521

i) By India

1,997

783

1,214

973

1,505

-532

ii) To India

13,248

6,521

6,727

13,700

10,647

3,053

c) Short Term To India

41,841

43,750

-1,909

53,565

45,913

7,652

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

38,815

38,352

463

48,571

43,914

4,657

ii) Suppliers’ Credit up to 180 days

3,026

5,398

-2,372

4,994

1,999

2,995

3. Banking Capital (a+b)

65,207

68,453

-3,245

61,499

59,415

2,084

a) Commercial Banks

65,094

67,868

-2,774

60,893

58,966

1,927

i) Assets

25,823

28,725

-2,902

17,097

15,259

1,838

ii) Liabilities

39,270

39,142

128

43,796

43,707

88

of which: Non-Resident Deposits

37,147

32,858

4,290

41,355

38,433

2,922

b) Others

114

585

-471

606

449

157

4. Rupee Debt Service

—

100

-100

—

97

-97

5. Other Capital

20,179

21,723

-1,545

11,209

23,941

-12,732

Total Capital Account (1 to 5)

312,427

305,181

7,246

343,997

290,400

53,597

C.

ERRORS & OMISSIONS

1,402

—

1,402

—

1,745

-1,745

D.

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

666,364

686,444

-20,080

687,406

673,965

13,441

E.

MONETARY MOVEMENTS (i+ii)

20,080

—

20,080

—

13,441

-13,441

i) I.M.F.

—

—

—

—

—

—

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

20,080

—

20,080

—

13,441

-13,441

of which: SDR Allocation

—

—

—

—

5,160

-5,160

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

(US $ million)

Item

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)

Item

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)

Item

Apr-Jun 2007

Jul-Sep 2007

Credit

Debit

Net

Credit

Debit

Net

1

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

—

271

–271

—

271

–271

Other Capital

—

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

137,852

126,652

11,200

170,230

140,994

29,236

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)

Item

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)

Item

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

Equity

10,240

21

10,218

7,304

52

7,251

Reinvested Earnings

1,492

—

1,492

1,492

—

1,492

Other Capital

166

—

166

35

—

35

ii) Abroad

236

3,148

–2,912

316

4,191

–3,876

Equity

236

2,346

–2,111

316

3,426

–3,111

Reinvested Earnings

—

271

–271

—

271

–271

Other Capital

—

531

–531

—

494

–494

b) Portfolio Investment

40,768

44,975

–4,207

42,630

43,942

–1,311

i) In India

40,745

44,923

–4,177

42,618

43,919

–1,302

of which

FIIs

39,746

44,923

–5,177

42,482

43,919

–1,437

GDRs/ADRs

999

—

999

136

—

136

ii) Abroad

22

52

–29

13

22

–10

2. Loans (a+b+c)

15,952

9,618

6,333

16,276

13,669

2,607

a) External Assistance

909

559

351

1,095

577

518

i) By India

6

8

–2

6

8

–2

ii) To India

903

550

353

1,089

569

521

b) Commercial Borrowings

2,760

1,281

1,479

3,572

1,885

1,687

i) By India

403

190

213

532

138

393

ii) To India

2,357

1,090

1,267

3,040

1,747

1,294

c) Short Term To India

12,282

7,779

4,503

11,609

11,207

402

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

9,256

7,779

1,477

11,609

9,766

1,843

ii) Suppliers’ Credit up to 180 days

3,026

—

3,026

—

1,441

–1,441

3. Banking Capital (a+b)

21,987

19,291

2,696

16,360

14,086

2,275

a) Commercial Banks

21,987

19,140

2,847

16,360

14,083

2,277

i) Assets

11,457