43. India's Overall Balance of Payments in Dollars - आरबीआय - Reserve Bank of India
43. India's Overall Balance of Payments in Dollars
(US $ million) |
||||||||||
Items |
2005-06 |
2006-07 |
||||||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||||
1 |
2 |
3 |
4 |
5 |
6 |
7 |
||||
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|||
|
I. |
Merchandise |
105,152 |
157,056 |
-51,904 |
128,888 |
190,670 |
-61,782 |
||
|
II. |
Invisibles (a+b+c) |
89,687 |
47,685 |
42,002 |
114,558 |
62,341 |
52,217 |
||
|
|
a) |
Services |
57,659 |
34,489 |
23,170 |
73,780 |
44,311 |
29,469 |
|
|
|
|
i) |
Travel |
7,853 |
6,638 |
1,215 |
9,123 |
6,684 |
2,439 |
|
|
|
ii) |
Transportation |
6,325 |
8,337 |
-2,012 |
7,974 |
8,068 |
-94 |
|
|
|
iii) |
Insurance |
1,062 |
1,116 |
-54 |
1,195 |
642 |
553 |
|
|
|
iv) |
G.n.i.e. |
314 |
529 |
-215 |
253 |
403 |
-150 |
|
|
|
v) |
Miscellaneous |
42,105 |
17,869 |
24,236 |
55,235 |
28,514 |
26,721 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
23,600 |
1,338 |
22,262 |
31,300 |
2,267 |
29,033 |
|
|
|
|
Business Services |
9,307 |
7,748 |
1,559 |
14,544 |
15,866 |
-1,322 |
|
|
|
|
Financial Services |
1,209 |
965 |
244 |
3,106 |
2,991 |
115 |
|
|
|
|
Communication Services |
1,575 |
289 |
1,286 |
2,262 |
796 |
1,466 |
|
|
b) |
Transfers |
25,620 |
933 |
24,687 |
31,470 |
1,391 |
30,079 |
|
|
|
|
i) |
Official |
669 |
475 |
194 |
635 |
381 |
254 |
|
|
|
ii) |
Private |
24,951 |
458 |
24,493 |
30,835 |
1,010 |
29,825 |
|
|
c) |
Income |
6,408 |
12,263 |
-5,855 |
9,308 |
16,639 |
-7,331 |
|
|
|
|
i) |
Investment Income |
6,229 |
11,491 |
-5,262 |
8,926 |
15,688 |
-6,762 |
|
|
|
ii) |
Compensation of Employees |
179 |
772 |
-593 |
382 |
951 |
-569 |
Total Current Account (I+II) |
194,839 |
204,741 |
-9,902 |
243,446 |
253,011 |
-9,565 |
||||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
77,298 |
61,770 |
15,528 |
133,210 |
118,457 |
14,753 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
9,178 |
6,144 |
3,034 |
23,590 |
15,897 |
7,693 |
|
|
|
|
i) |
In India |
8,962 |
61 |
8,901 |
22,826 |
87 |
22,739 |
|
|
|
|
Equity |
5,976 |
61 |
5,915 |
16,481 |
87 |
16,394 |
|
|
|
|
Reinvested Earnings |
2,760 |
— |
2,760 |
5,828 |
— |
5,828 |
|
|
|
|
Other Capital |
226 |
— |
226 |
517 |
— |
517 |
|
|
|
ii) |
Abroad |
216 |
6,083 |
-5,867 |
764 |
15,810 |
-15,046 |
|
|
|
|
Equity |
216 |
3,982 |
-3,766 |
764 |
13,368 |
-12,604 |
|
|
|
|
Reinvested Earnings |
— |
1,092 |
-1,092 |
— |
1,076 |
-1,076 |
|
|
|
|
Other Capital |
— |
1,009 |
-1,009 |
— |
1,366 |
-1,366 |
|
|
b) |
Portfolio Investment |
68,120 |
55,626 |
12,494 |
109,620 |
102,560 |
7,060 |
|
|
|
|
i) |
In India |
68,120 |
55,626 |
12,494 |
109,534 |
102,530 |
7,004 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
FIIs |
65,552 |
55,626 |
9,926 |
105,756 |
102,530 |
3,226 |
|
|
|
|
GDRs/ADRs |
2,552 |
— |
2,552 |
3,776 |
— |
3,776 |
|
|
|
ii) |
Abroad |
— |
— |
— |
86 |
30 |
56 |
|
2. |
Loans (a+b+c) |
39,479 |
31,570 |
7,909 |
54,642 |
30,152 |
24,490 |
||
|
|
a) |
External Assistance |
3,631 |
1,929 |
1,702 |
3,767 |
1,992 |
1,775 |
|
|
|
|
i) |
By India |
24 |
88 |
-64 |
20 |
32 |
-12 |
|
|
|
ii) |
To India |
3,607 |
1,841 |
1,766 |
3,747 |
1,960 |
1,787 |
|
|
b) |
Commercial Borrowings |
14,343 |
11,835 |
2,508 |
20,883 |
4,780 |
16,103 |
|
|
|
|
i) |
By India |
— |
251 |
-251 |
626 |
966 |
-340 |
|
|
|
ii) |
To India |
14,343 |
11,584 |
2,759 |
20,257 |
3,814 |
16,443 |
|
|
c) |
Short Term To India |
21,505 |
17,806 |
3,699 |
29,992 |
23,380 |
6,612 |
|
|
|
|
i) |
Suppliers’ Credit >180 days & Buyers’ Credit |
19,372 |
17,647 |
1,725 |
25,482 |
22,175 |
3,307 |
|
|
|
ii) |
Suppliers’ Credit up to 180 days |
2,133 |
159 |
1,974 |
4,510 |
1,205 |
3,305 |
|
3. |
Banking Capital (a+b) |
21,658 |
20,285 |
1,373 |
37,209 |
35,296 |
1,913 |
||
|
|
a) |
Commercial Banks |
20,586 |
20,144 |
442 |
36,799 |
35,218 |
1,581 |
|
|
|
|
i) |
Assets |
772 |
3,947 |
-3,175 |
14,466 |
17,960 |
-3,494 |
|
|
|
ii) |
Liabilities |
19,814 |
16,197 |
3,617 |
22,333 |
17,258 |
5,075 |
|
|
|
|
of which: Non-Resident Deposits |
17,835 |
15,046 |
2,789 |
19,914 |
15,593 |
4,321 |
|
|
b) |
Others |
1,072 |
141 |
931 |
410 |
78 |
332 |
|
|
4. |
Rupee Debt Service |
— |
572 |
-572 |
— |
162 |
-162 |
||
|
5. |
Other Capital |
5,941 |
4,709 |
1,232 |
8,230 |
4,021 |
4,209 |
||
|
Total Capital Account (1 to 5) |
144,376 |
118,906 |
25,470 |
233,291 |
188,088 |
45,203 |
|||
C. |
ERRORS & OMISSIONS |
— |
516 |
-516 |
968 |
— |
968 |
|||
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
339,215 |
324,163 |
15,052 |
477,705 |
441,099 |
36,606 |
|||
E. |
MONETARY MOVEMENTS (i+ii) |
— |
15,052 |
-15,052 |
— |
36,606 |
-36,606 |
|||
|
i) |
I.M.F. |
— |
— |
— |
— |
— |
— |
||
|
ii) |
Foreign Exchange Reserves (Increase – / Decrease +) |
— |
15,052 |
-15,052 |
— |
36,606 |
-36,606 |
||
P : Preliminary. PR : Partially Revised. |
No. 43: India's Overall Balance of Payments (Contd.) |
||||||||||
(US $ million) |
||||||||||
Items |
2007-08 PR |
2008-09 P |
||||||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||||
1 |
8 |
9 |
10 |
11 |
12 |
13 |
||||
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|||
|
I. |
Merchandise |
166,163 |
257,789 |
-91,626 |
175,184 |
294,587 |
-119,403 |
||
|
II. |
Invisibles (a+b+c) |
148,604 |
74,012 |
74,592 |
162,556 |
72,970 |
89,586 |
||
|
|
a) |
Services |
90,077 |
52,512 |
37,565 |
101,224 |
51,406 |
49,818 |
|
|
|
|
i) |
Travel |
11,349 |
9,254 |
2,095 |
10,894 |
9,432 |
1,462 |
|
|
|
ii) |
Transportation |
10,014 |
11,514 |
-1,500 |
11,066 |
12,777 |
-1,711 |
|
|
|
iii) |
Insurance |
1,639 |
1,044 |
595 |
1,409 |
1,131 |
278 |
|
|
|
iv) |
G.n.i.e. |
330 |
376 |
-46 |
389 |
791 |
-402 |
|
|
|
v) |
Miscellaneous |
66,745 |
30,324 |
36,421 |
77,466 |
27,275 |
50,191 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
40,300 |
3,058 |
37,242 |
47,000 |
2,814 |
44,186 |
|
|
|
|
Business Services |
16,771 |
16,715 |
56 |
16,251 |
15,269 |
982 |
|
|
|
|
Financial Services |
3,217 |
3,138 |
79 |
3,939 |
2,961 |
978 |
|
|
|
|
Communication Services |
2,408 |
859 |
1,549 |
2,170 |
996 |
1,174 |
|
|
b) |
Transfers |
44,259 |
2,315 |
41,944 |
47,025 |
2,746 |
44,279 |
|
|
|
|
i) |
Official |
753 |
514 |
239 |
645 |
413 |
232 |
|
|
|
ii) |
Private |
43,506 |
1,801 |
41,705 |
46,380 |
2,333 |
44,047 |
|
|
c) |
Income |
14,268 |
19,185 |
-4,917 |
14,307 |
18,818 |
-4,511 |
|
|
|
|
i) |
Investment Income |
13,808 |
18,089 |
-4,281 |
13,482 |
17,499 |
-4,017 |
|
|
|
ii) |
Compensation of Employees |
460 |
1,096 |
-636 |
825 |
1,319 |
-494 |
|
Total Current Account (I+II) |
314,767 |
331,801 |
-17,034 |
337,740 |
367,557 |
-29,817 |
|||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
272,762 |
227,805 |
44,957 |
164,909 |
161,447 |
3,462 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
36,838 |
21,437 |
15,401 |
36,258 |
18,762 |
17,496 |
|
|
|
|
i) |
In India |
34,361 |
125 |
34,236 |
35,148 |
166 |
34,982 |
|
|
|
|
Equity |
26,866 |
108 |
26,758 |
27,975 |
166 |
27,809 |
|
|
|
|
Reinvested Earnings |
7,168 |
— |
7,168 |
6,426 |
— |
6,426 |
|
|
|
|
Other Capital |
327 |
17 |
310 |
747 |
— |
747 |
|
|
|
ii) |
Abroad |
2,477 |
21,312 |
-18,835 |
1,110 |
18,596 |
-17,486 |
|
|
|
|
Equity |
2,477 |
16,898 |
-14,421 |
1,110 |
14,668 |
-13,558 |
|
|
|
|
Reinvested Earnings |
— |
1,084 |
-1,084 |
— |
1,084 |
-1,084 |
|
|
|
|
Other Capital |
— |
3,330 |
-3,330 |
— |
2,844 |
-2,844 |
|
|
b) |
Portfolio Investment |
235,924 |
206,368 |
29,556 |
128,651 |
142,685 |
-14,034 |
|
|
|
|
i) |
In India |
235,688 |
206,294 |
29,394 |
128,511 |
142,366 |
-13,855 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
FIIs |
226,621 |
206,294 |
20,327 |
127,349 |
142,366 |
-15,017 |
|
|
|
|
GDRs/ADRs |
8,769 |
— |
8,769 |
1,162 |
— |
1,162 |
|
|
|
ii) |
Abroad |
236 |
74 |
162 |
140 |
319 |
-179 |
|
2. |
Loans (a+b+c) |
83,528 |
41,598 |
41,930 |
60,158 |
55,157 |
5,001 |
||
|
|
a) |
External Assistance |
4,241 |
2,127 |
2,114 |
5,042 |
2,404 |
2,638 |
|
|
|
|
i) |
By India |
24 |
28 |
-4 |
24 |
32 |
-8 |
|
|
|
ii) |
To India |
4,217 |
2,099 |
2,118 |
5,018 |
2,372 |
2,646 |
|
|
b) |
Commercial Borrowings |
30,376 |
7,743 |
22,633 |
15,382 |
7,224 |
8,158 |
|
|
|
|
i) |
By India |
1,592 |
1,624 |
-32 |
2,005 |
785 |
1,220 |
|
|
|
ii) |
To India |
28,784 |
6,119 |
22,665 |
13,377 |
6,439 |
6,938 |
|
|
c) |
Short Term To India |
48,911 |
31,728 |
17,183 |
39,734 |
45,529 |
-5,795 |
|
|
|
|
i) |
Suppliers’ Credit >180 days & Buyers’ Credit |
42,641 |
31,728 |
10,913 |
38,814 |
38,352 |
462 |
|
|
|
ii) |
Suppliers’ Credit up to 180 days |
6,270 |
— |
6,270 |
920 |
7,177 |
-6,257 |
|
3. |
Banking Capital (a+b) |
55,813 |
44,056 |
11,757 |
64,998 |
68,395 |
-3,397 |
||
|
|
a) |
Commercial Banks |
55,734 |
43,624 |
12,110 |
64,885 |
67,810 |
-2,925 |
|
|
|
|
i) |
Assets |
19,562 |
12,668 |
6,894 |
25,673 |
28,726 |
-3,053 |
|
|
|
ii) |
Liabilities |
36,172 |
30,956 |
5,216 |
39,212 |
39,084 |
128 |
|
|
|
|
of which: Non-Resident Deposits |
29,401 |
29,222 |
179 |
37,089 |
32,799 |
4,290 |
|
|
b) |
Others |
79 |
432 |
-353 |
113 |
585 |
-472 |
|
|
4. |
Rupee Debt Service |
— |
121 |
-121 |
— |
101 |
-101 |
||
|
5. |
Other Capital |
20,904 |
11,434 |
9,470 |
12,391 |
8,210 |
4,181 |
||
|
Total Capital Account (1 to 5) |
433,007 |
325,014 |
107,993 |
302,456 |
293,310 |
9,146 |
|||
C. |
ERRORS & OMISSIONS |
1205 |
— |
1,205 |
591 |
— |
591 |
|||
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
748,979 |
656,815 |
92,164 |
640,787 |
660,867 |
-20,080 |
|||
E. |
MONETARY MOVEMENTS (i+ii) |
— |
92,164 |
-92,164 |
20,080 |
— |
20,080 |
|||
|
i) |
I.M.F. |
— |
— |
— |
— |
— |
— |
||
|
ii) |
Foreign Exchange Reserves (Increase – / Decrease +) |
— |
92164 |
-92,164 |
20,080 |
— |
20,080 |
No. 43: 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. 43: 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 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. 43: India's Overall Balance of Payments (Contd.) |
||||||||||
(US $ million) |
||||||||||
Items
|
Apr-Jun 2007 PR |
Jul-Sep 2007 PR |
||||||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||||
1 |
26 |
27 |
28 |
29 |
30 |
31 |
||||
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|||
|
I. |
Merchandise |
34,356 |
56,346 |
-21,990 |
38,273 |
59,510 |
-21,237 |
||
|
II. |
Invisibles (a+b+c) |
29,880 |
14,570 |
15,310 |
34,013 |
17,073 |
16,940 |
||
|
|
a) |
Services |
18,890 |
9,916 |
8,974 |
20,587 |
11,589 |
8,998 |
|
|
|
|
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 |
14,382 |
5,189 |
9,193 |
15,839 |
6,571 |
9,268 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
8,836 |
679 |
8,157 |
9,050 |
801 |
8,249 |
|
|
|
|
Business Services |
3,758 |
3,163 |
595 |
3,894 |
3,537 |
357 |
|
|
|
|
Financial Services |
528 |
449 |
79 |
916 |
702 |
214 |
|
|
|
|
Communication Services |
513 |
231 |
282 |
613 |
180 |
433 |
|
|
b) |
Transfers |
8,628 |
432 |
8,196 |
9,708 |
408 |
9,300 |
|
|
|
|
i) |
Official |
153 |
165 |
-12 |
158 |
112 |
46 |
|
|
|
ii) |
Private |
8,475 |
267 |
8,208 |
9,550 |
296 |
9,254 |
|
|
c) |
Income |
2,362 |
4,222 |
-1,860 |
3,718 |
5,076 |
-1,358 |
|
|
|
|
i) |
Investment Income |
2,279 |
4,024 |
-1,745 |
3,608 |
4,778 |
-1,170 |
|
|
|
ii) |
Compensation of Employees |
83 |
198 |
-115 |
110 |
298 |
-188 |
|
Total Current Account (I+II) |
64,236 |
70,916 |
-6,680 |
72,286 |
76,583 |
-4,297 |
|||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
43,034 |
32,756 |
10,278 |
54,205 |
41,178 |
13,027 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
8,270 |
5,534 |
2,736 |
5,502 |
3,374 |
2,128 |
|
|
|
|
i) |
In India |
7,477 |
20 |
7,457 |
4,728 |
19 |
4,709 |
|
|
|
|
Equity |
5,574 |
20 |
5,554 |
2,822 |
19 |
2,803 |
|
|
|
|
Reinvested Earnings |
1,792 |
— |
1,792 |
1,792 |
— |
1,792 |
|
|
|
|
Other Capital |
111 |
— |
111 |
114 |
— |
114 |
|
|
|
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 |
48,703 |
37,804 |
10,899 |
|
|
|
|
i) |
In India |
34,706 |
27,216 |
7,490 |
48,698 |
37,781 |
10,917 |
|
|
|
|
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 |
-18 |
|
2. |
Loans (a+b+c) |
16,749 |
7,593 |
9,156 |
19,742 |
10,437 |
9,305 |
||
|
|
a) |
External Assistance |
732 |
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 |
8,291 |
1,338 |
6,953 |
6,290 |
2,080 |
4,210 |
|
|
|
|
i) |
By India |
359 |
345 |
14 |
443 |
503 |
-60 |
|
|
|
ii) |
To India |
7,932 |
993 |
6,939 |
5,847 |
1,577 |
4,270 |
|
|
c) |
Short Term To India |
7,726 |
5,764 |
1,962 |
12,469 |
7,842 |
4,627 |
|
|
|
|
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 |
1,457 |
— |
1,457 |
|
3. |
Banking Capital (a+b) |
8,560 |
9,479 |
-919 |
13,714 |
7,071 |
6,643 |
||
|
|
a) |
Commercial Banks |
8,560 |
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 |
2,644 |
|
|
|
|
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 |
1,151 |
1,831 |
-680 |
7,378 |
3,196 |
4,182 |
||
|
Total Capital Account (1 to 5) |
69,494 |
51,702 |
17,792 |
95,039 |
61,884 |
33,155 |
|||
C. |
ERRORS & OMISSIONS |
88 |
— |
88 |
378 |
— |
378 |
|||
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
133,818 |
122,618 |
11,200 |
167,703 |
138,467 |
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. 43: India's Overall Balance of Payments (Contd.) |
||||||||||
(US $ million) |
||||||||||
Items
|
Oct-Dec 2007 PR |
Jan-Mar 2008 PR |
||||||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||||
1 |
32 |
33 |
34 |
35 |
36 |
37 |
||||
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|||
|
I. |
Merchandise |
40,985 |
67,038 |
-26,053 |
52,549 |
74,895 |
-22,346 |
||
|
II. |
Invisibles (a+b+c) |
39,553 |
18,031 |
21,522 |
45,158 |
24,338 |
20,820 |
||
|
|
a) |
Services |
24,618 |
12,592 |
12,026 |
25,982 |
18,415 |
7,567 |
|
|
|
|
i) |
Travel |
3,395 |
2,519 |
876 |
3,618 |
2,782 |
836 |
|
|
|
ii) |
Transportation |
2,799 |
3,043 |
-244 |
3,171 |
3,386 |
-215 |
|
|
|
iii) |
Insurance |
438 |
261 |
177 |
487 |
314 |
173 |
|
|
|
iv) |
G.n.i.e. |
90 |
75 |
15 |
78 |
63 |
15 |
|
|
|
v) |
Miscellaneous |
17,896 |
6,694 |
11,202 |
18,628 |
11,870 |
6,758 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
9,608 |
852 |
8,756 |
12,806 |
726 |
12,080 |
|
|
|
|
Business Services |
4,588 |
4,245 |
343 |
4,531 |
5,770 |
-1,239 |
|
|
|
|
Financial Services |
882 |
763 |
119 |
891 |
1,224 |
-333 |
|
|
|
|
Communication Services |
601 |
183 |
418 |
681 |
265 |
416 |
|
|
b) |
Transfers |
11,428 |
493 |
10,935 |
14,495 |
982 |
13,513 |
|
|
|
|
i) |
Official |
195 |
121 |
74 |
247 |
116 |
131 |
|
|
|
ii) |
Private |
11,233 |
372 |
10,861 |
14,248 |
866 |
13,382 |
|
|
c) |
Income |
3,507 |
4,946 |
-1,439 |
4,681 |
4,941 |
-260 |
|
|
|
|
i) |
Investment Income |
3,401 |
4,679 |
-1,278 |
4,520 |
4,608 |
–88 |
|
|
|
ii) |
Compensation of Employees |
106 |
267 |
-161 |
161 |
333 |
-172 |
|
Total Current Account (I+II) |
80,538 |
85,069 |
-4,531 |
97,707 |
99,233 |
-1,526 |
|||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
86,531 |
69,639 |
16,892 |
88,992 |
84,232 |
4,760 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
8,316 |
6,275 |
2,041 |
14,750 |
6,254 |
8,496 |
|
|
|
|
i) |
In India |
7,916 |
43 |
7,873 |
14,240 |
43 |
14,197 |
|
|
|
|
Equity |
6,022 |
43 |
5,979 |
12,448 |
26 |
12,422 |
|
|
|
|
Reinvested Earnings |
1,792 |
— |
1,792 |
1,792 |
— |
1,792 |
|
|
|
|
Other Capital |
102 |
— |
102 |
— |
17 |
-17 |
|
|
|
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 |
78,215 |
63,364 |
14,851 |
74,242 |
77,978 |
-3,736 |
|
|
|
|
i) |
In India |
78,096 |
63,345 |
14,751 |
74,188 |
77,952 |
-3,764 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
FIIs |
72,309 |
63,345 |
8,964 |
73,808 |
77,952 |
-4,144 |
|
|
|
|
GDRs/ADRs |
5,597 |
— |
5,597 |
379 |
— |
379 |
|
|
|
ii) |
Abroad |
119 |
19 |
100 |
54 |
26 |
28 |
|
2. |
Loans (a+b+c) |
21,543 |
10,601 |
10,942 |
25,494 |
12,967 |
12,527 |
||
|
|
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 |
8,449 |
2,202 |
6,247 |
7,346 |
2,123 |
5,223 |
|
|
|
|
i) |
By India |
363 |
384 |
-21 |
427 |
392 |
35 |
|
|
|
ii) |
To India |
8,086 |
1,818 |
6,268 |
6,919 |
1,731 |
5,188 |
|
|
c) |
Short Term To India |
11,985 |
7,855 |
4,130 |
16,731 |
10,267 |
6,464 |
|
|
|
|
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 |
1,754 |
— |
1,754 |
2,216 |
— |
2,216 |
|
3. |
Banking Capital (a+b) |
12,588 |
12,381 |
207 |
20,951 |
15,125 |
5,826 |
||
|
|
a) |
Commercial Banks |
12,585 |
12,029 |
556 |
20,899 |
15,122 |
5,777 |
|
|
|
|
i) |
Assets |
5,636 |
3,939 |
1,697 |
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 |
-349 |
52 |
3 |
49 |
|
|
4. |
Rupee Debt Service |
— |
— |
— |
— |
76 |
-76 |
||
|
5. |
Other Capital |
6,612 |
3,636 |
2,976 |
5,763 |
2,771 |
2,992 |
||
|
Total Capital Account (1 to 5) |
127,274 |
96,257 |
31,017 |
141,200 |
115,171 |
26,029 |
|||
C. |
ERRORS & OMISSIONS |
252 |
— |
252 |
487 |
— |
487 |
|||
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
208,064 |
181,326 |
26,738 |
239,394 |
214,404 |
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. 43: 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 |
49,120 |
80,545 |
-31,425 |
48,987 |
87,663 |
-38,676 |
||
|
II. |
Invisibles (a+b+c) |
38,939 |
16,533 |
22,406 |
45,696 |
19,532 |
26,164 |
||
|
|
a) |
Services |
23,059 |
11,441 |
11,618 |
27,832 |
13,775 |
14,057 |
|
|
|
|
i) |
Travel |
2,504 |
2,164 |
340 |
2,786 |
2,704 |
82 |
|
|
|
ii) |
Transportation |
2,611 |
3,328 |
-717 |
2,964 |
3,744 |
-780 |
|
|
|
iii) |
Insurance |
350 |
228 |
122 |
367 |
306 |
61 |
|
|
|
iv) |
G.n.i.e. |
130 |
110 |
20 |
81 |
95 |
-14 |
|
|
|
v) |
Miscellaneous |
17,464 |
5,611 |
11,853 |
21,634 |
6,926 |
14,708 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
12,156 |
857 |
11,299 |
12,220 |
924 |
11,296 |
|
|
|
|
Business Services |
3,550 |
3,133 |
417 |
4,840 |
3,984 |
856 |
|
|
|
|
Financial Services |
609 |
628 |
-19 |
1,670 |
965 |
705 |
|
|
|
|
Communication Services |
510 |
226 |
284 |
740 |
296 |
444 |
|
|
b) |
Transfers |
12,307 |
654 |
11,653 |
13,719 |
829 |
12,890 |
|
|
|
|
i) |
Official |
148 |
107 |
41 |
51 |
97 |
-46 |
|
|
|
ii) |
Private |
12,159 |
547 |
11,612 |
13,668 |
732 |
12,936 |
|
|
c) |
Income |
3,573 |
4,438 |
-865 |
4,145 |
4,928 |
-783 |
|
|
|
|
i) |
Investment Income |
3,418 |
4,108 |
-690 |
3,855 |
4,596 |
-741 |
|
|
|
ii) |
Compensation of Employees |
155 |
330 |
-175 |
290 |
332 |
-42 |
|
Total Current Account (I+II) |
88,059 |
97,078 |
-9,019 |
94,683 |
107,195 |
-12,512 |
|||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
52,901 |
48,145 |
4,756 |
51,774 |
48,184 |
3,590 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
12,137 |
3,170 |
8,967 |
9,143 |
4,243 |
4,900 |
|
|
|
|
i) |
In India |
11,898 |
22 |
11,876 |
8,825 |
52 |
8,773 |
|
|
|
|
Equity |
10,240 |
22 |
10,218 |
7,304 |
52 |
7,252 |
|
|
|
|
Reinvested Earnings |
1,492 |
— |
1,492 |
1,492 |
— |
1,492 |
|
|
|
|
Other Capital |
166 |
— |
166 |
29 |
— |
29 |
|
|
|
ii) |
Abroad |
239 |
3,148 |
-2,909 |
318 |
4,191 |
-3,873 |
|
|
|
|
Equity |
239 |
2,346 |
-2,107 |
318 |
3,426 |
-3,108 |
|
|
|
|
Reinvested Earnings |
— |
271 |
-271 |
— |
271 |
-271 |
|
|
|
|
Other Capital |
— |
531 |
-531 |
— |
494 |
-494 |
|
|
b) |
Portfolio Investment |
40,764 |
44,975 |
-4,211 |
42,631 |
43,941 |
-1,310 |
|
|
|
|
i) |
In India |
40,745 |
44,923 |
-4,178 |
42,618 |
43,919 |
-1,301 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
FIIs |
39,746 |
44,923 |
-5,177 |
42,482 |
43,919 |
-1,437 |
|
|
|
|
GDRs/ADRs |
999 |
— |
999 |
136 |
— |
136 |
|
|
|
ii) |
Abroad |
19 |
52 |
-33 |
13 |
22 |
-9 |
|
2. |
Loans (a+b+c) |
13,845 |
9,630 |
4,215 |
16,282 |
12,782 |
3,500 |
||
|
|
a) |
External Assistance |
909 |
558 |
351 |
1,095 |
577 |
518 |
|
|
|
|
i) |
By India |
6 |
8 |
-2 |
6 |
8 |
-2 |
|
|
|
ii) |
To India |
903 |
550 |
353 |
1,089 |
569 |
520 |
|
|
b) |
Commercial Borrowings |
2,760 |
1,293 |
1,467 |
3,578 |
1,888 |
1,690 |
|
|
|
|
i) |
By India |
404 |
193 |
211 |
532 |
138 |
394 |
|
|
|
ii) |
To India |
2,356 |
1,100 |
1,256 |
3,046 |
1,750 |
1,296 |
|
|
c) |
Short Term To India |
10,176 |
7,779 |
2,397 |
11,609 |
10,317 |
1,292 |
|
|
|
|
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 |
920 |
— |
920 |
— |
551 |
-551 |
|
3. |
Banking Capital (a+b) |
21,952 |
19,256 |
2,696 |
16,208 |
14,084 |
2,124 |
||
|
|
a) |
Commercial Banks |
21,952 |
19,105 |
2,847 |
16,208 |
14,081 |
2,127 |
|
|
|
|
i) |
Assets |
11,457 |
10,533 |
924 |
6,446 |
5,154 |
1,292 |
|
|
|
ii) |
Liabilities |
10,495 |
8,572 |
1,923 |
9,762 |
8,927 |
835 |
|
|
|
|
of which: Non-Resident Deposits |
9,063 |
8,249 |
814 |
9,174 |
8,915 |
259 |
|
|
b) |
Others |
— |
151 |
-151 |
— |
3 |
-3 |
|
4. | Rupee Debt Service |
—
|
30
|
-30
|
—
|
3
|
-3
|
|||
5. | Other Capital | 2,176 |
2,678 |
-502 |
764 |
2,410 |
-1,646 |
|||
Total Capital Account (1 to 5) | 90,874 |
79,739 |
11,135 |
85,028 |
77,463 |
7,565 |
||||
C. | ERRORS & OMISSIONS | 119 |
— |
119 |
213 |
— |
213 |
|||
D. | OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) | 179,052 |
176,817 |
2,235 |
179,924 |
184,658 |
-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. 43: India's Overall Balance of Payments (Concld.) |
||||||||||
(US $ million) |
||||||||||
Items
|
Oct-Dec 2008 PR |
Jan-Mar 2009 P |
||||||||
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||||
1 |
44 |
45 |
46 |
47 |
48 |
49 |
||||
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|||
|
I. |
Merchandise |
37,257 |
71,961 |
-34,704 |
39,820 |
54,418 |
-14,598 |
||
|
II. |
Invisibles (a+b+c) |
40,260 |
18,589 |
21,671 |
37,661 |
18,316 |
19,345 |
||
|
|
a) |
Services |
26,075 |
12,923 |
13,152 |
24,258 |
13,267 |
10,991 |
|
|
|
|
i) |
Travel |
2,924 |
1,953 |
971 |
2,680 |
2,611 |
69 |
|
|
|
ii) |
Transportation |
2,572 |
3,210 |
-638 |
2,919 |
2,495 |
424 |
|
|
|
iii) |
Insurance |
344 |
269 |
75 |
348 |
328 |
20 |
|
|
|
iv) |
G.n.i.e. |
97 |
233 |
-136 |
81 |
353 |
-272 |
|
|
|
v) |
Miscellaneous |
20,138 |
7,258 |
12,880 |
18,230 |
7,480 |
10,750 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
Software Services |
11,444 |
580 |
10,864 |
11,180 |
453 |
10,727 |
|
|
|
|
Business Services |
4,012 |
3,540 |
472 |
3,849 |
4,612 |
-763 |
|
|
|
|
Financial Services |
889 |
735 |
154 |
771 |
633 |
138 |
|
|
|
|
Communication Services |
492 |
217 |
275 |
428 |
257 |
171 |
|
|
b) |
Transfers |
10,994 |
844 |
10,150 |
10,005 |
419 |
9,586 |
|
|
|
|
i) |
Official |
285 |
98 |
187 |
161 |
111 |
50 |
|
|
|
ii) |
Private |
10,709 |
746 |
9,963 |
9,844 |
308 |
9,536 |
|
|
c) |
Income |
3,191 |
4,822 |
-1,631 |
3,398 |
4,630 |
-1,232 |
|
|
|
|
i) |
Investment Income |
3,000 |
4,481 |
-1,481 |
3,209 |
4,314 |
-1,105 |
|
|
|
ii) |
Compensation of Employees |
191 |
341 |
-150 |
189 |
316 |
-127 |
|
Total Current Account (I+II) |
77,517 |
90,550 |
-13,033 |
77,481 |
72,734 |
4,747 |
|||
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|||
|
1. |
Foreign Investment (a+b) |
33,162 |
38,538 |
-5,376 |
27,072 |
26,580 |
492 |
||
|
|
a) |
Foreign Direct Investment (i+ii) |
6,564 |
6,120 |
444 |
8,414 |
5,229 |
3,185 |
|
|
|
|
i) |
In India |
6,352 |
29 |
6,323 |
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 |
522 |
— |
522 |
30 |
— |
30 |
|
|
|
ii) |
Abroad |
212 |
6,091 |
-5,879 |
341 |
5,166 |
-4,825 |
|
|
|
|
Equity |
212 |
4,489 |
-4,277 |
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 |
21,351 |
-2,693 |
|
|
|
|
i) |
In India |
26,568 |
32,355 |
-5,787 |
18,580 |
21,169 |
-2,589 |
|
|
|
|
of which |
|
|
|
|
|
|
|
|
|
|
FIIs |
26,561 |
32,355 |
-5,794 |
18,560 |
21,169 |
-2,609 |
|
|
|
|
GDRs/ADRs |
7 |
— |
7 |
20 |
— |
20 |
|
|
|
ii) |
Abroad |
30 |
63 |
-33 |
78 |
182 |
-104 |
|
2. |
Loans (a+b+c) |
15,818 |
14,934 |
884 |
14,213 |
17,811 |
-3,598 |
||
|
|
a) |
External Assistance |
1,655 |
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 |
5,448 |
1,564 |
3,884 |
3,596 |
2,479 |
1,117 |
|
|
|
|
i) |
By India |
669 |
149 |
520 |
400 |
305 |
95 |
|
|
|
ii) |
To India |
4,779 |
1,415 |
3,364 |
3,196 |
2,174 |
1,022 |
|
|
c) |
Short Term To India |
8,715 |
12,707 |
-3,992 |
9,234 |
14,726 |
-5,492 |
|
|
|
|
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 |
— |
2,350 |
-2,350 |
— |
4,276 |
-4,276 |
|
3. |
Banking Capital (a+b) |
14,810 |
19,766 |
-4,956 |
12,028 |
15,289 |
-3,261 |
||
|
|
a) |
Commercial Banks |
14,808 |
19,335 |
-4,527 |
11,917 |
15,289 |
-3,372 |
|
|
|
|
i) |
Assets |
5,192 |
7,541 |
-2,349 |
2,578 |
5,498 |
-2,920 |
|
|
|
ii) |
Liabilities |
9,616 |
11,794 |
-2,178 |
9,339 |
9,791 |
-452 |
|
|
|
|
of which: Non-Resident Deposits |
9,523 |
8,481 |
1,042 |
9,329 |
7,154 |
2,175 |
|
|
b) |
Others |
2 |
431 |
-429 |
111 |
— |
111 |
|
|
4. |
Rupee Debt Service |
— |
— |
— |
— |
68 |
–68 |
||
|
5. |
Other Capital |
5,670 |
488 |
5,182 |
3,781 |
2,634 |
1,147 |
||
|
Total Capital Account (1 to 5) |
69,460 |
73,726 |
-4,266 |
57,094 |
62,382 |
-5,288 |
|||
C. |
ERRORS & OMISSIONS |
— |
582 |
-582 |
841 |
— |
841 |
|||
D. |
OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
146,977 |
164,858 |
-17,881 |
135,416 |
135,116 |
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 |