41. India's Overall Balance of Payments - आरबीआय - Reserve Bank of India
41. India's Overall Balance of Payments
(US $ million) |
|||||||
Items |
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) |
|||||||
Items |
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) |
|||||||
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 |
123,335 |
115,830 |
7,505 |
145,358 |
124,906 |
20,452 |
|
Account and Errors & Omissions (A+B+C)) |
|
|
|
|
|
|
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 |
||
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) |
|||||||
Items |
|
|
|||||
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 |
209,844 |
183,106 |
26,738 |
236,783 |
211,794 |
24,990 |
|
Account and Errors & Omissions (A+B+C)) |
|
|
|
|
|
|
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 |
|
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 |
10,533 |
924 |
6,596 |
5,154 |
1,442 |
|
ii) Liabilities |
10,530 |
8,607 |
1,923 |
9,764 |
8,929 |
835 |
|
of which: Non-Resident Deposits |
9,098 |
8,284 |
814 |
9,176 |
8,917 |
259 |
|
b) Others |
— |
151 |
–151 |
— |
3 |
–3 |
|
4. Rupee Debt Service |
— |
30 |
–30 |
— |
3 |
–3 |
|
5. Other Capital |
3,559 |
12,463 |
–8,904 |
5,595 |
6,967 |
–1,372 |
|
Total Capital Account (1 to 5) |
94,399 |
89,546 |
4,853 |
90,008 |
82,909 |
7,099 |
C. |
ERRORS & OMISSIONS |
656 |
— |
656 |
742 |
— |
742 |
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
191,933 |
189,698 |
2,235 |
190,224 |
194,958 |
–4,734 |
E. |
MONETARY MOVEMENTS (i+ii) |
— |
2,235 |
–2,235 |
4,734 |
— |
4,734 |
|
i) I.M.F. |
— |
— |
— |
— |
— |
— |
|
ii) Foreign Exchange Reserves (Increase – / Decrease +) |
— |
2,235 |
–2,235 |
4,734 |
— |
4,734 |
No. 41: India's Overall Balance of Payments (Contd.) |
|||||||
(US $ million) |
|||||||
Items |
Oct-Dec 2008 PR |
Jan-Mar 2009 PR |
|||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
||
1 |
44 |
45 |
46 |
47 |
48 |
49 |
|
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. Merchandise |
39,436 |
73,484 |
–34,049 |
38,481 |
58,685 |
–20,204 |
|
II. Invisibles (a+b+c) |
41,139 |
18,757 |
22,381 |
37,128 |
18,137 |
18,992 |
|
a) Services |
26,950 |
13,099 |
13,851 |
23,749 |
13,078 |
10,670 |
|
i) Travel |
2,924 |
1,946 |
979 |
2,680 |
2,606 |
74 |
|
ii) Transportation |
2,713 |
3,241 |
–528 |
2,916 |
2,499 |
416 |
|
iii) Insurance |
344 |
268 |
77 |
348 |
329 |
18 |
|
iv) G.n.i.e. |
97 |
233 |
–136 |
81 |
355 |
–273 |
|
v) Miscellaneous |
20,872 |
7,412 |
13,460 |
17,724 |
7,289 |
10,435 |
|
of which |
|
|
|
|
|
|
|
Software Services |
11,274 |
580 |
10,694 |
10,825 |
455 |
10,370 |
|
Business Services |
4,185 |
3,568 |
618 |
3,850 |
4,616 |
–766 |
|
Financial Services |
889 |
740 |
150 |
771 |
633 |
138 |
|
Communication Services |
493 |
257 |
236 |
429 |
308 |
121 |
|
b) Transfers |
10,997 |
845 |
10,151 |
9,980 |
419 |
9,562 |
|
i) Official |
285 |
98 |
187 |
161 |
111 |
50 |
|
ii) Private |
10,712 |
748 |
9,964 |
9,820 |
308 |
9,512 |
|
c) Income |
3,192 |
4,813 |
–1,621 |
3,399 |
4,640 |
–1,240 |
|
i) Investment Income |
3,000 |
4,475 |
–1,475 |
3,210 |
4,328 |
–1,118 |
|
ii) Compensation of Employees |
192 |
338 |
–146 |
189 |
312 |
–123 |
|
Total Current Account (I+II) |
80,574 |
92,241 |
–11,668 |
75,609 |
76,821 |
–1,212 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
33,164 |
38,539 |
–5,374 |
27,073 |
26,580 |
493 |
|
a) Foreign Direct Investment (i+ii) |
6,567 |
6,121 |
446 |
8,414 |
5,229 |
3,185 |
|
i) In India |
6,356 |
29 |
6,327 |
8,073 |
63 |
8,010 |
|
Equity |
4,109 |
29 |
4,080 |
6,322 |
63 |
6,259 |
|
Reinvested Earnings |
1,721 |
— |
1,721 |
1,721 |
— |
1,721 |
|
Other Capital |
526 |
— |
526 |
31 |
— |
31 |
|
ii) Abroad |
210 |
6,092 |
–5,881 |
341 |
5,166 |
–4,825 |
|
Equity |
210 |
4,489 |
–4,279 |
341 |
4,407 |
–4,066 |
|
Reinvested Earnings |
— |
271 |
–271 |
— |
271 |
–271 |
|
Other Capital |
— |
1,331 |
–1,331 |
— |
488 |
–488 |
|
b) Portfolio Investment |
26,598 |
32,418 |
–5,820 |
18,658 |
21,350 |
–2,692 |
|
i) In India |
26,568 |
32,355 |
–5,786 |
18,580 |
21,169 |
–2,588 |
|
of which |
|
|
|
|
|
|
|
FIIs |
26,561 |
32,355 |
–5,794 |
18,560 |
21,169 |
–2,609 |
|
GDRs/ADRs |
7 |
— |
7 |
20 |
— |
20 |
|
ii) Abroad |
29 |
63 |
–34 |
78 |
182 |
–104 |
|
2. Loans (a+b+c) |
15,795 |
15,247 |
548 |
14,104 |
14,924 |
–820 |
|
a) External Assistance |
1,654 |
663 |
992 |
1,383 |
606 |
777 |
|
i) By India |
6 |
8 |
–2 |
6 |
8 |
–2 |
|
ii) To India |
1,649 |
655 |
994 |
1,377 |
598 |
779 |
|
b) Commercial Borrowings |
5,426 |
1,648 |
3,778 |
3,487 |
2,490 |
997 |
|
i) By India |
662 |
148 |
514 |
399 |
306 |
93 |
|
ii) To India |
4,763 |
1,500 |
3,263 |
3,087 |
2,184 |
904 |
|
c) Short Term To India |
8,715 |
12,936 |
–4,221 |
9,234 |
11,828 |
–2,594 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
8,715 |
10,357 |
–1,642 |
9,234 |
10,450 |
–1,216 |
|
ii) Suppliers’ Credit up to 180 days |
— |
2,579 |
–2,579 |
— |
1,378 |
–1,378 |
|
3. Banking Capital (a+b) |
14,830 |
19,786 |
–4,956 |
12,030 |
15,290 |
–3,260 |
|
a) Commercial Banks |
14,827 |
19,355 |
–4,528 |
11,919 |
15,290 |
–3,371 |
|
i) Assets |
5,192 |
7,541 |
–2,349 |
2,578 |
5,498 |
–2,920 |
|
ii) Liabilities |
9,636 |
11,814 |
–2,178 |
9,341 |
9,792 |
–451 |
|
of which: Non-Resident Deposits |
9,543 |
8,501 |
1,042 |
9,331 |
7,155 |
2,176 |
|
b) Others |
2 |
431 |
–429 |
111 |
— |
111 |
|
4. Rupee Debt Service |
— |
— |
— |
— |
68 |
–68 |
|
5. Other Capital |
4,861 |
1,193 |
3,668 |
6,164 |
1,101 |
5,063 |
|
Total Capital Account (1 to 5) |
68,650 |
74,764 |
–6,114 |
59,370 |
57,962 |
1,408 |
C. |
ERRORS & OMISSIONS |
— |
100 |
–100 |
104 |
— |
104 |
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
149,224 |
167,105 |
–17,881 |
135,083 |
134,783 |
300 |
E. |
MONETARY MOVEMENTS (i+ii) |
17,881 |
— |
17,881 |
— |
300 |
–300 |
|
i) I.M.F. |
— |
— |
— |
— |
— |
— |
|
ii) Foreign Exchange Reserves (Increase – / Decrease +) |
17,881 |
— |
17,881 |
— |
300 |
–300 |
No. 41: India's Overall Balance of Payments (Contd.) |
|||||||
(US $ million) |
|||||||
Items |
Apr-June 2009 PR |
July-Sept 2009 PR |
|||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
||
1 |
50 |
51 |
52 |
53 |
54 |
55 |
|
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. Merchandise |
39,164 |
64,799 |
-25,635 |
43,518 |
72,646 |
-29,128 |
|
II. Invisibles (a+b+c) |
37,616 |
16,435 |
21,181 |
40,303 |
19,948 |
20,355 |
|
a) Services |
21,322 |
10,949 |
10,373 |
21,286 |
13,706 |
7,580 |
|
i) Travel |
2,297 |
2,035 |
262 |
2,719 |
2,357 |
362 |
|
ii) Transportation |
2,490 |
2,777 |
-287 |
2,566 |
2,221 |
345 |
|
iii) Insurance |
387 |
314 |
73 |
384 |
341 |
43 |
|
iv) G.n.i.e. |
100 |
103 |
-3 |
100 |
130 |
-30 |
|
v) Miscellaneous |
16,048 |
5,720 |
10,328 |
15,517 |
8,657 |
6,860 |
|
of which |
|
|
|
|
|
|
|
Software Services |
11,004 |
391 |
10,613 |
11,207 |
438 |
10,769 |
|
Business Services |
2,586 |
3,872 |
-1,286 |
2,504 |
4,612 |
-2,108 |
|
Financial Services |
1,116 |
928 |
188 |
732 |
1,135 |
-403 |
|
Communication Services |
418 |
312 |
106 |
307 |
313 |
-6 |
|
b) Transfers |
13,344 |
470 |
12,874 |
14,268 |
568 |
13,700 |
|
i) Official |
46 |
110 |
-64 |
51 |
108 |
-57 |
|
ii) Private |
13,298 |
360 |
12,938 |
14,217 |
460 |
13,757 |
|
c) Income |
2,950 |
5,016 |
-2,066 |
4,749 |
5,674 |
-925 |
|
i) Investment Income |
2,723 |
4,665 |
-1,942 |
4,544 |
5,332 |
-788 |
|
ii) Compensation of Employees |
227 |
351 |
-124 |
205 |
342 |
-137 |
|
Total Current Account (I+II) |
76,780 |
81,234 |
-4,454 |
83,821 |
92,594 |
-8,773 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
48,422 |
34,033 |
14,389 |
55,791 |
39,619 |
16,172 |
|
a) Foreign Direct Investment (i+ii) |
9,797 |
3,676 |
6,121 |
11,431 |
4,936 |
6,495 |
|
i) In India |
9,672 |
926 |
8,746 |
11,336 |
632 |
10,704 |
|
Equity |
7,290 |
900 |
6,390 |
8,547 |
597 |
7,950 |
|
Reinvested Earnings |
2,020 |
— |
2,020 |
2,020 |
— |
2,020 |
|
Other Capital |
362 |
26 |
336 |
769 |
35 |
734 |
|
ii) Abroad |
125 |
2,750 |
-2,625 |
95 |
4,304 |
-4,209 |
|
Equity |
125 |
2,053 |
-1,928 |
95 |
2,614 |
-2,519 |
|
Reinvested Earnings |
— |
271 |
-271 |
— |
271 |
-271 |
|
Other Capital |
— |
426 |
-426 |
— |
1,419 |
-1,419 |
|
b) Portfolio Investment |
38,625 |
30,357 |
8,268 |
44,360 |
34,683 |
9,677 |
|
i) In India |
38,602 |
30,332 |
8,270 |
44,356 |
34,655 |
9,701 |
|
of which |
|
|
|
|
|
|
|
FIIs |
38,559 |
30,332 |
8,227 |
41,693 |
34,655 |
7,038 |
|
GDRs/ADRs |
43 |
— |
43 |
2,664 |
— |
2,664 |
|
ii) Abroad |
23 |
25 |
-2 |
4 |
28 |
-24 |
|
2. Loans (a+b+c) |
12,920 |
14,746 |
-1,826 |
16,024 |
13,491 |
2,533 |
|
a) External Assistance |
821 |
725 |
96 |
1,237 |
738 |
499 |
|
i) By India |
13 |
105 |
-92 |
13 |
105 |
-92 |
|
ii) To India |
808 |
620 |
188 |
1,224 |
633 |
591 |
|
b) Commercial Borrowings |
1,973 |
2,432 |
-459 |
3,220 |
2,032 |
1,188 |
|
i) By India |
244 |
333 |
-89 |
206 |
215 |
-9 |
|
ii) To India |
1,729 |
2,099 |
-370 |
3,014 |
1,817 |
1,197 |
|
c) Short Term To India |
10,126 |
11,589 |
-1,463 |
11,567 |
10,721 |
846 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
10,126 |
9,590 |
536 |
10,994 |
10,721 |
273 |
|
ii) Suppliers’ Credit up to 180 days |
— |
1,999 |
-1,999 |
573 |
— |
573 |
|
3. Banking Capital (a+b) |
15,577 |
18,943 |
-3,366 |
16,543 |
12,132 |
4,411 |
|
a) Commercial Banks |
15,577 |
18,704 |
-3,127 |
16,543 |
11,989 |
4,554 |
|
i) Assets |
4,368 |
6,946 |
-2,578 |
6,131 |
1,730 |
4,401 |
|
ii) Liabilities |
11,209 |
11,758 |
-549 |
10,412 |
10,259 |
153 |
|
of which: Non-Resident Deposits |
11,172 |
9,354 |
1,818 |
10,342 |
9,295 |
1,047 |
|
b) Others |
— |
239 |
-239 |
— |
143 |
-143 |
|
4. Rupee Debt Service |
— |
23 |
-23 |
— |
1 |
-1 |
|
5. Other Capital |
177 |
5,332 |
-5,155 |
7,054 |
11,371 |
-4,317 |
|
Total Capital Account (1 to 5) |
77,096 |
73,077 |
4,019 |
95,412 |
76,614 |
18,798 |
C. |
ERRORS & OMISSIONS |
550 |
— |
550 |
— |
607 |
-607 |
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
154,426 |
154,311 |
115 |
179,233 |
169,815 |
9,418 |
E. |
MONETARY MOVEMENTS (i+ii) |
— |
115 |
-115 |
— |
9,418 |
-9,418 |
|
i) I.M.F. |
— |
— |
— |
— |
— |
— |
|
ii) Foreign Exchange Reserves (Increase – / Decrease +) |
— |
115 |
-115 |
— |
9,418 |
-9,418 |
|
of which: SDR Allocation |
— |
— |
— |
— |
5160 |
-5160 |
No. 41: India's Overall Balance of Payments (Concld.) |
|||||||
(US $ million) |
|||||||
Items |
Oct-Dec 2009 PR |
Jan- Mar 2010 P |
|||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
||
1 |
56 |
57 |
58 |
59 |
60 |
61 |
|
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. Merchandise |
47,062 |
78,135 |
-31,073 |
52,419 |
83,911 |
-31,492 |
|
II. Invisibles (a+b+c) |
40,481 |
21,595 |
18,886 |
42,845 |
24,351 |
18,494 |
|
a) Services |
24,241 |
16,040 |
8,201 |
26,942 |
18,890 |
8,052 |
|
i) Travel |
3,440 |
2,312 |
1,128 |
3,403 |
2,638 |
766 |
|
ii) Transportation |
2,991 |
3,366 |
-375 |
3,100 |
3,570 |
-470 |
|
iii) Insurance |
408 |
305 |
103 |
421 |
326 |
96 |
|
iv) G.n.i.e. |
124 |
134 |
-10 |
116 |
159 |
-42 |
|
v) Miscellaneous |
17,278 |
9,923 |
7,355 |
19,901 |
12,199 |
7,703 |
|
of which |
|
|
|
|
|
|
|
Software Services |
13,197 |
333 |
12,864 |
14,297 |
307 |
13,990 |
|
Business Services |
2,737 |
4,571 |
-1,834 |
3,818 |
5,571 |
-1,753 |
|
Financial Services |
785 |
1,156 |
-371 |
1,103 |
1,517 |
-414 |
|
Communication Services |
259 |
381 |
-122 |
245 |
383 |
-139 |
|
b) Transfers |
13,604 |
638 |
12,966 |
13,216 |
642 |
12,574 |
|
i) Official |
309 |
113 |
196 |
126 |
142 |
-16 |
|
ii) Private |
13,295 |
525 |
12,770 |
13,090 |
500 |
12,590 |
|
c) Income |
2,636 |
4,917 |
-2,281 |
2,686 |
4,818 |
-2,132 |
|
i) Investment Income |
2,385 |
4,397 |
-2,012 |
2,455 |
4,326 |
-1,871 |
|
ii) Compensation of Employees |
251 |
520 |
-269 |
231 |
492 |
-261 |
|
Total Current Account (I+II) |
87,543 |
99,730 |
-12,187 |
95,264 |
108,262 |
-12,998 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
44,561 |
34,955 |
9,606 |
49,315 |
37,357 |
11,958 |
|
a) Foreign Direct Investment (i+ii) |
8,780 |
4,859 |
3,921 |
7,912 |
4,719 |
3,193 |
|
i) In India |
8,586 |
1,469 |
7,117 |
7,588 |
2,473 |
5,115 |
|
Equity |
5,959 |
1,233 |
4,726 |
5,353 |
1,512 |
3,841 |
|
Reinvested Earnings |
2,020 |
— |
2,020 |
2,020 |
— |
2,020 |
|
Other Capital |
607 |
236 |
371 |
215 |
961 |
-746 |
|
ii) Abroad |
194 |
3,390 |
-3,196 |
324 |
2,246 |
-1,922 |
|
Equity |
194 |
2,480 |
-2,286 |
324 |
910 |
-585 |
|
Reinvested Earnings |
— |
271 |
-271 |
— |
271 |
-271 |
|
Other Capital |
— |
639 |
-639 |
— |
1,066 |
-1,066 |
|
b) Portfolio Investment |
35,781 |
30,096 |
5,685 |
41,403 |
32,638 |
8,765 |
|
i) In India |
35,770 |
30,041 |
5,729 |
41,169 |
32,493 |
8,675 |
|
of which |
|
|
|
|
|
|
|
FIIs |
35,295 |
30,041 |
5,254 |
41,023 |
32,493 |
8,529 |
|
GDRs/ADRs |
475 |
— |
475 |
146 |
— |
146 |
|
ii) Abroad |
11 |
55 |
-44 |
234 |
144 |
89 |
|
2. Loans (a+b+c) |
19,820 |
14,268 |
5,552 |
24,439 |
18,477 |
5,962 |
|
a) External Assistance |
1,329 |
712 |
617 |
1,577 |
742 |
835 |
|
i) By India |
13 |
105 |
-92 |
13 |
105 |
-93 |
|
ii) To India |
1,316 |
607 |
709 |
1,565 |
637 |
928 |
|
b) Commercial Borrowings |
4,455 |
2,802 |
1,653 |
5,026 |
4,886 |
140 |
|
i) By India |
227 |
570 |
-343 |
297 |
387 |
-90 |
|
ii) To India |
4,228 |
2,232 |
1,996 |
4,729 |
4,499 |
230 |
|
c) Short Term To India |
14,036 |
10,754 |
3,282 |
17,836 |
12,849 |
4,987 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
12,055 |
10,754 |
1,301 |
15,396 |
12,849 |
2,547 |
|
ii) Suppliers’ Credit up to 180 days |
1,981 |
— |
1,981 |
2,440 |
— |
2,440 |
|
3. Banking Capital (a+b) |
15,172 |
13,232 |
1,940 |
14,207 |
15,109 |
-902 |
|
a) Commercial Banks |
14,578 |
13,165 |
1,413 |
14,195 |
15,109 |
-914 |
|
i) Assets |
3,067 |
1,874 |
1,193 |
3,531 |
4,709 |
-1,179 |
|
ii) Liabilities |
11,511 |
11,291 |
220 |
10,664 |
10,399 |
265 |
|
of which: Non-Resident Deposits |
10,177 |
9,568 |
609 |
9,665 |
10,215 |
-551 |
|
b) Others |
594 |
67 |
527 |
12 |
— |
12 |
|
4. Rupee Debt Service |
— |
— |
— |
— |
73 |
-73 |
|
5. Other Capital |
1,715 |
4,119 |
-2,404 |
2,263 |
3,119 |
-856 |
|
Total Capital Account (1 to 5) |
81,268 |
66,574 |
14,694 |
90,224 |
74,136 |
16,088 |
C. |
ERRORS & OMISSIONS |
— |
740 |
-740 |
— |
949 |
-949 |
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
168,811 |
167,044 |
1,767 |
185,487 |
183,346 |
2,141 |
E. |
MONETARY MOVEMENTS (i+ii) |
— |
1767 |
-1767 |
— |
2,141 |
-2,141 |
|
i) I.M.F. |
— |
— |
— |
— |
— |
— |
|
ii) Foreign Exchange Reserves (Increase – / Decrease +) |
— |
1767 |
-1767 |
— |
2,141 |
-2,141 |
|
of which: SDR Allocation |
— |
— |
— |
— |
— |
— |