No. 42 : India's Overall Balance of Payments in Rupees

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ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಜುಲೈ 14, 2003

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No. 42 : India's Overall Balance of Payments in Rupees


									(Rs. crore)

	Items	2002-03			2001-02 PR			2000-01 PR

		Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1		2	3	4	5	6	7	8	9	10

A.	Current Account
I.	Merchandise	256352	316702	-60350	214351	274778	-60427	205287	270663	-65376
II.	Invisibles (a+b+c)	208199	129924	78275	175862	111701	64161	159282	110307	48975
a)	Services	120840	90845	29995	98559	76599	21960	86614	75213	11401
	i) Travel	14641	16761	-2120	13880	10869	3011	14505	13136	1369
	ii) Transportation	12308	12336	-28	9410	11346	-1936	8751	14462	-5711
	iii) Insurance	1789	1511	278	1279	1208	71	1176	562	614
	iv) G.n.i.e.	1486	1108	378	2235	1293	942	3012	1557	1455
	v) Miscellaneous	90616	59129	31487	71755	51883	19872	59170	45496	13674
	of which : Software Services	46427	3572	42855	36036	3202	32834	29014	2706	26308
b)	Transfers	73674	1777	71897	59987	319	59668	60312	354	59958
	i) Official	1977	4	1973	1851	4	1847	1556	10	1546
	ii) Private	71697	1773	69924	58136	315	57821	58756	344	58412
c)	Income	13685	37302	-23617	17316	34783	-17467	12356	34740	-22384
	i) Investment Income	13229	37213	-23984	16912	34729	-17817	11869	34695	-22826
	ii) Compensation of Employees	456	89	367	404	54	350	487	45	442
Total Current Account (I+II)		464551	446626	17925	390213	386479	3734	364569	380970	-16401
B.	Capital Account
1.	Foreign Investment (a+b)	59596	37678	21918	68915	37038	31877	73015	45770	27245
a)	Foreign Direct Investment (i+ii)	23209	5797	17412	29684	7096	22588	18833	3420	15413
	i) In India	22853	278	22575	29212	20	29192	18513	99	18414
	Equity	13369	278	13091	18678	20	18658	11063	99	10964
	Reinvested Earnings @	7250	—	7250	8710	—	8710	6175	—	6175
	Other Capital	2234	—	2234	1824	—	1824	1275	—	1275
	ii) Abroad	356	5519	-5163	472	7076	-6604	320	3321	-3001
	Equity	356	2407	-2051	472	3173	-2701	320	1906	-1586
	Reinvested Earnings @	—	2600	-2600	—	3329	-3329	—	1076	-1076
	Other Capital	—	512	-512	—	574	-574	—	339	-339
b)	Portfolio Investment	36387	31881	4506	39231	29942	9289	54182	42350	11832
	In India	36387	31708	4679	39231	29614	9617	54182	41573	12609
	Abroad	—	173	-173	—	328	-328	—	777	-777
2.	Loans (a+b+c)	66228	81541	-15313	55002	61296	-6294	104724	84825	19899
a)	External Assistance *	13392	25137	-11745	16073	10655	5418	13528	11527	2001
	i) By India	—	157	-157	—	412	-412	1	79	-78
	ii) To India	13392	24980	-11588	16073	10243	5830	13527	11448	2079
b)	Commercial Borrowings (MT & LT)	13219	21502	-8283	12896	20372	-7476	41845	24268	17577
	i) By India	45	—	45	19	—	19	33	9	24
	ii) To India	13174	21502	-8328	12877	20372	-7495	41812	24259	17553
c)	Short Term To India	39617	34902	4715	26033	30269	-4236	49351	49030	321
3.	Banking Capital (a+b)	84500	44700	39800	83489	56818	26671	58288	54771	3517
a)	Commercial Banks	81876	43508	38368	81209	55493	25716	56864	52962	3902
	i) Assets	33098	9697	23401	24105	13271	10834	13730	20602	-6872
	ii) Liabilities	48778	33811	14967	57104	42222	14882	43134	32360	10774
	of which : Non-Resident Deposits	46390	32788	13602	54463	41336	13127	41026	30459	10567
b)	Others	2624	1192	1432	2280	1325	955	1424	1809	-385
4.	Rupee Debt Service	—	2303	-2303	—	2458	-2458	—	2763	-2763
5.	Other Capital	30954	14033	16921	17296	16503	793	18229	19452	-1223
Total Capital Account (1 to 5)		241278	180255	61023	224702	174113	50589	254256	207581	46675
C.	Errors & Omissions	3068	—	3068	2269	—	2269	—	2612	-2612
D.	Overall Balance	708897	626881	82016	617184	560592	56592	618825	591163	27662
	(Total Capital Account,
	Current Account and
	Errors & Omissions (A+B+C))
E.	Monetary Movements (i+ii)	—	82016	-82016	—	56592	-56592	—	27662	-27662
	i) I.M.F.	—	—	—	—	—	—	—	115	-115
	ii) Foreign Exchange Reserves	—	82016	-82016	—	56592	-56592	—	27547	-27547
	(Increase - / Decrease +)

												(Rs. crore)

	Items	Apr.-Jun. 2002			Jul.-Sep. 2002			Oct.-Dec. 2002			Jan.-Mar. 2003

		Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1		11	12	13	14	15	16	17	18	19	20	21	22

A.	Current Account
I.	Merchandise	59119	72596	-13477	64981	77914	-12933	62686	83674	-20988	69566	82518	-12952
II.	Invisibles (a+b+c)	46804	30123	16681	52636	30753	21883	54765	28180	26585	51482	33618	17864
a)	Services	26058	21682	4376	30897	23412	7485	33178	20367	12811	30707	25384	5323
i)	Travel	2955	3402	-447	3489	4549	-1060	4051	3668	383	4146	5142	-996
ii)	Transportation	2589	3327	-738	4029	3258	771	2778	3142	-364	2912	2609	303
iii)	Insurance	331	150	181	572	401	171	401	527	-126	485	433	52
iv)	G.n.i.e.	436	281	155	408	351	57	357	295	62	285	181	104
v)	Miscellaneous	19747	14522	5225	22399	14853	7546	25591	12735	12856	22879	17019	5860
	of which : Software Services	10443	832	9611	10930	950	9980	12529	876	11653	12525	914	11611
b)	Transfers	17783	225	17558	18526	622	17904	19392	143	19249	17973	787	17186
i)	Official	249	—	249	220	—	220	774	2	772	734	2	732
ii)	Private	17534	225	17309	18306	622	17684	18618	141	18477	17239	785	16454
c)	Income	2963	8216	-5253	3213	6719	-3506	2195	7670	-5475	2802	7447	-4645
i)	Investment Income	2869	8202	-5333	3105	6704	-3599	2057	7642	-5585	2686	7415	-4729
ii)	Compensation of Employees	94	14	80	108	15	93	138	28	110	116	32	84
Total Current Account (I+II)		105923	102719	3204	117617	108667	8950	117451	111854	5597	121048	116136	4912
B.	Capital Account
1.	Foreign Investment (a+b)	12382	8271	4111	9408	8241	1167	15331	9212	6119	14625	8996	5629
a)	Foreign Direct Investment (i+ii)	6015	618	5397	2881	1076	1805	3146	622	2524	3317	523	2794
i)	In India	5835	61	5774	2821	1	2820	3059	—	3059	3288	216	3072
	Equity	5276	61	5215	2417	1	2416	2317	—	2317	2759	216	2543
	Reinvested Earnings @	..	..	..	..	..	..	..	..	..	..	..	..
	Other Capital	559	—	559	404	—	404	742	—	742	529	—	529
ii)	Abroad	180	557	-377	60	1075	-1015	87	622	-535	29	307	-278
	Equity	180	469	-289	60	888	-828	87	482	-395	29	210	-181
	Reinvested Earnings @	..	..	..	..	..	..	..	..	..	..	..	..
	Other Capital	—	88	-88	—	187	-187	—	140	-140	—	97	-97
b)	Portfolio Investment	6367	7653	-1286	6527	7165	-638	12185	8590	3595	11308	8473	2835
	In India	6367	7530	-1163	6527	7115	-588	12185	8590	3595	11308	8473	2835
	Abroad	—	123	-123	—	50	-50	—	—	—	—	—	—
2.	Loans (a+b+c)	15494	17838	-2344	14950	19389	-4439	15247	15850	-603	20537	28464	-7927
a)	External Assistance *	2814	2377	437	2701	3221	-520	3733	3074	659	4144	16465	-12321
i)	By India	—	145	-145	—	7	-7	—	1	-1	—	4	-4
ii)	To India	2814	2232	582	2701	3214	-513	3733	3073	660	4144	16461	-12317
b)	Commercial Borrowings (MT & LT)	1262	4914	-3652	4351	9071	-4720	3281	4734	-1453	4325	2783	1542
i)	By India	—	—	—	—	—	—	45	—	45	—	—	—
ii)	To India	1262	4914	-3652	4351	9071	-4720	3236	4734	-1498	4325	2783	1542
c)	Short Term To India	11418	10547	871	7898	7097	801	8233	8042	191	12068	9216	2852
3.	Banking Capital (a+b)	17374	14140	3234	20214	11505	8709	32641	11712	20929	14271	7343	6928
a)	Commercial Banks	14809	14140	669	20214	10887	9327	32635	11138	21497	14218	7343	6875
i)	Assets	2260	5986	-3726	7954	2478	5476	17337	497	16840	5547	736	4811
ii)	Liabilities	12549	8154	4395	12260	8409	3851	15298	10641	4657	8671	6607	2064
	of which : Non-Resident Deposits	12141	7909	4232	11017	7962	3055	14817	10589	4228	8415	6328	2087
b)	Others	2565	—	2565	—	618	-618	6	574	-568	53	—	53
4.	Rupee Debt Service	—	1722	-1722	—	28	-28	—	—	—	—	553	-553
5.	Other Capital	6754	2555	4199	8623	3061	5562	5991	3755	2236	9586	4662	4924
Total Capital Account (1 to 5)		52004	44526	7478	53195	42224	10971	69210	40529	28681	59019	50018	9001
C.	Errors & Omissions	—	2533	-2533	4014	—	4014	—	4937	-4937	6678	—	6678
D.	Overall Balance	157927	149778	8149	174826	150891	23935	186661	157320	29341	186745	166154	20591
	(Total Capital Account,
	Current Account and
	Errors & Omissions (A+B+C))
E.	Monetary Movements(i+ii)	—	8149	-8149	—	23935	-23935	—	29341	-29341	—	20591	-20591
i)	I.M.F.	—	—	—	—	—	—	—	—	—	—	—	—
ii)	Foreign Exchange Reserves	—	8149	-8149	—	23935	-23935	—	29341	-29341	—	20591	-20591
	(Increase - / Decrease +)

											(Rs. crore)

	Items	Apr.-Jun. 2001 PR			Jul.-Sep. 2001 PR			Oct.-Dec. 2001 PR			Jan.-Mar. 2002 PR

		Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1		23	24	25	26	27	28	29	30	31	32	33	34

A.	Current Account
I.	Merchandise	50346	67849	-17503	51200	69192	-17992	53164	67012	-13848	59641	70725	-11084
II.	Invisibles (a+b+c)	43771	27461	16310	40656	27666	12990	41840	23757	18083	45394	23812	21582
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	3228	6471	-3243	3315	5965	-2650	2507	6190	-3683	4065	7152	-3087
i)	Investment Income	3063	6460	-3397	3222	5953	-2731	2442	6173	-3731	3984	7138	-3154
ii)	Compensation of Employees	165	11	154	93	12	81	65	17	48	81	14	67
Total Current Account (I+II)		94117	95310	-1193	91856	96858	-5002	95004	90769	4235	105035	94537	10498
B.	Capital Account
1.	Foreign Investment (a+b)	13009	6169	6840	14808	9022	5786	13640	8943	4697	18748	9575	9173
a)	Foreign Direct Investment (i+ii)	3661	1207	2454	6283	1517	4766	4525	448	4077	6505	595	5910
i)	In India	3493	5	3488	6191	8	6183	4463	4	4459	6355	3	6352
	Equity	2860	5	2855	5860	8	5852	4164	4	4160	5794	3	5791
	Reinvested Earnings	..	..	..	..	..	..	..	..	..	..	..	..
	OtherCapital	633	—	633	331	—	331	299	—	299	561	—	561
ii)	Abroad	168	1202	-1034	92	1509	-1417	62	444	-382	150	592	-442
	Equity	168	889	-721	92	1409	-1317	62	347	-285	150	528	-378
	Reinvested Earnings	..	..	..	..	..	..	..	..	..	..	..	..
	OtherCapital	—	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 (a+b+c)	11416	16606	-5190	12230	13568	-1338	15443	17807	-2364	15913	13315	2598
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(MT & LT)	1825	5225	-3400	3047	4808	-1761	4708	5094	-386	3316	5245	-1929
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 (a+b)	27440	16299	11141	16037	16571	-534	19088	10327	8761	20924	13621	7303
a)	Commercial Banks	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 (1 to 5)		53367	44509	8858	48730	43281	5449	55041	43059	11982	58854	39936	18918
C.	Errors & Omissions	—	808	-808	1836	—	1836	1172	—	1172	647	—	647
D.	Overall Balance	147484	140627	6857	142422	140139	2283	151217	133828	17389	164536	134473	30063
	(Total Capital Account,
	Current Account and
	Errors & Omissions (A+B+C))
E.	Monetary Movements (i+ii)	—	6857	-6857	—	2283	-2283	—	17389	-17389	—	30063	-30063
i)	I.M.F.	—	—	—	—	—	—	—	—	—	—	—	—
ii)	Foreign Exchange Reserves	—	6857	-6857	—	2283	-2283	—	17389	-17389	—	30063	-30063
	(Increase - / Decrease +)

											(Rs. crore)

	Items	Apr.-Jun. 2000 PR			Jul.-Sep. 2000 PR			Oct.-Dec. 2000 PR			Jan.-Mar. 2001 PR

		Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1		35	36	37	38	39	40	41	42	43	44	45	46

A.	Current Account
I.	Merchandise	45854	66113	-20259	51562	69020	-17458	52122	68958	-16836	55749	66572	-10823
II.	Invisibles (a+b+c)	31812	20241	11571	37766	24376	13390	43695	28356	15339	44476	30831	13645
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	503	7323	7330	704	6626	7954	876	7078
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	2224	7446	-5222	2825	6840	-4015	2923	6973	-4050	2851	6978	-4127
i)	Investment Income	2089	7437	-5348	2697	6833	-4136	2805	6963	-4158	2745	6959	-4214
ii)	Compensation of Employees	135	9	126	128	7	121	118	10	108	106	19	87
Total Current Account (I+II)		77666	86354	-8688	89328	93396	-4068	95817	97314	-1497	100225	97403	2822
B.	Capital Account
1.	Foreign Investment (a+b)	19584	13410	6174	16907	12530	4377	8932	7777	1155	20888	10764	10124
a)	Foreign Direct Investment (i+ii)	3216	469	2747	2806	250	2556	2532	603	1929	3815	1022	2793
i)	In India	3173	89	3084	2796	10	2786	2413	—	2413	3668	—	3668
	Equity	3014	89	2925	2351	10	2341	2194	—	2194	3212	—	3212
	Reinvested Earnings	..	..	..	..	..	..	..	..	..	..	..	..
	Other Capital	159	—	159	445	—	445	219	—	219	456	—	456
ii)	Abroad	43	380	-337	10	240	-230	119	603	-484	147	1022	-875
	Equity	43	344	-301	10	119	-109	119	511	-392	147	932	-785
	Reinvested Earnings	..	..	..	..	..	..	..	..	..	..	..	..
	Other Capital	—	36	-36	—	121	-121	—	92	-92	—	90	-90
b)	Portfolio Investment	16368	12941	3427	14101	12280	1821	6400	7174	-774	17073	9742	7331
	In India	16368	12941	3427	14101	12260	1841	6400	6563	-163	17073	9583	7490
	Abroad	—	—	—	—	20	-20	—	611	-611	—	159	-159
2.	Loans (a+b+c)	15910	17626	-1716	24406	23358	1048	45943	23013	22930	18465	20828	-2363
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 (MT & LT)	3491	5454	-1963	6075	7382	-1307	29022	5244	23778	3257	6188	-2931
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 (a+b)	15749	10532	5217	13101	14374	-1273	14192	17677	-3485	15246	12188	3058
a)	Commercial Banks	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 (1 to 5)		55252	49927	5325	59949	55593	4356	72874	52568	20306	59477	48204	11273
C.	Errors & Omissions	—	1140	-1140	—	2166	-2166	701	—	701	438	—	438
D.	Overall Balance	132918	137421	-4503	149277	151155	-1878	169392	149882	19510	160140	145607	14533
	(Total Capital Account,
	Current Account and
	Errors & Omissions (A+B+C))
E.	Monetary Movements (i+ii)	4618	115	4503	1878	—	1878	—	19510	-19510	—	14533	-14533
i)	I.M.F.	—	115	-115	—	—	—	—	—	—	—	—	—
ii)	Foreign Exchange Reserves	4618	—	4618	1878	—	1878	—	19510	-19510	—	14533	-14533
	(Increase - / Decrease +)

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 quarterly data on Investment Income, current account balance and components of foreign investment ‘to’ and ‘by’ India do not add up to he annual figures as these data do not include ‘re-invested earnings’ which are compiled on an annual basis. Also see ‘Notes on Tables’.