Invisibles in India's Balance of Payments : 1989-90 to 1996-97 (Part 2 of 5)

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प्रकाशित तारीख एप्रिल 07, 1999

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Invisibles in India's Balance of Payments : 1989-90 to 1996-97 (Part 2 of 5)

Statement I : Travel Account

									Rs. crore
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS
	Tourist Expenses in India	2386.2	2612.5	4891.9	6060.3	6970.3	7423.8	9150.3	10231.8
	Others	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Total-A	2386.2	2612.5	4891.9	6060.3	6970.3	7423.8	9150.3	10231.8
B	PAYMENTS
	Tourists & Business Travel	449.6	443.8	679.2	832.0	1189.4	1815.3	2347.8	1136.3
	Students	59.4	77.6	135.9	112.9	106.0	149.3	218.1	86.7
	Official business	61.2	53.6	53.8	59.3	83.7	90.3	238.9	65.3
	Haj Pilgrims	13.1	19.9	49.8	53.6	69.8	100.2	172.1	226.7
	Health Reasons	11.1	9.5	53.1	12.8	16.2	16.7	17.6	13.8
	Home Leave Salary	0.5	0.4	1.0	2.1	0.0	0.6	6.1	7.5
	Others	75.2	97.5	138.4	98.5	92.8	396.7	907.8	1503.2
	Indians Proceeding	0.3	0.2	0.3	5.7	0.6	0.4	0.4	9.8
	Abroad on Scholarships
	TOTAL-B	670.4	702.5	1111.5	1176.9	1558.5	2569.5	3908.8	3049.3
	Travel (net) (A-B)	1715.8	1910.0	3780.4	4883.4	5411.8	4854.3	5241.5	7182.5

								(U.S.$ Mn.)
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS
	Tourist Expenses in India	1433	1456	1977	2098	2222	2365	2713	2878
	Others	0	0	0	0	0	0	0	0
	Total-A	1433	1456	1977	2098	2222	2365	2713	2878
B	PAYMENTS
	Tourists & Business Travel	270	247	284	271	379	578	702	320
	Students	36	43	58	37	34	48	65	24
	Official business	37	30	23	19	27	29	71	18
	Haj Pilgrims	8	11	21	17	22	32	51	64
	Health Reasons	7	5	23	4	5	5	5	4
	Home Leave Salary	0	0	0	1	0	0	2	2
	Others	45	54	57	33	30	126	269	422
	Indians Proceeding	0	0	0	2	0	0	0	3
	Abroad on Scholarships
	TOTAL-B	403	392	465	385	497	818	1167	858
	Travel (net) (A-B)	1030	1064	1512	1713	1725	1547	1546	2020

Statement II : Transportation Account

									Rs. crore
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Remittance of surplus passage
	fare and freight collection by
	Indian steamship-owners or
	operators abroad	5.3	11.8	25.8	3.0	682.6	710.5	303.9	194.2

	Operating expensess of foreign
	steamship companies in India	173.9	194.5	199.3	135.2	369.9	503.1	730.4	670.8

	Remittanceof surplus passage fare
	and freight collectionby Indian
	airline owners or operators abroad	208.6	267.7	316.7	618.3	724.0	726.6	713.8	940.8

	Operating expensesof foreign
	airlines companies in India	6.0	12.7	12.9	4.9	15.1	19.7	657.1	287.9

	Estimated freight on exports	1098.6	1272.2	1715.3	2088.1	2690.2	3262.0	4136.7	4626.3

	Others	18.1	5.7	38.2	0.9	13.1	106.2	222.6	222.4
	TOTAL-A	1510.5	1764.6	2308.2	2850.4	4494.9	5328.1	6764.5	6942.4
B	PAYMENTS

	Remittance of surplus passage
	fare and Freight collection to
	foreign steamship-owners or
	operators abroad	255.9	371.4	767.6	1129.9	1441.3	1714.1	2332.1	2800.5

	Operating expenses of Indian
	steamship companies	562.0	596.5	752.3	1115.7	849.3	962.4	925.9	1281.1

	Remittance of surplus passage
	fare and Freight collection to
	foreign airline owners or operators abroad	518.5	490.6	1073.2	1256.6	1657.0	1346.0	1668.7	1937.7

	Operating expenses of Indian
	airline companies	24.5	121.5	24.2	195.1	270.5	333.8	503.2	638.8

	Operating expenses of foreign
	steamship and airline companies	10.2	6.8	2.4	8.7	44.3	42.4	54.8	24.1

	Charter hire payment	119.8	84.9	61.6	137.9	348.1	522.8	586.1	681.6

	Remittances of passage expenses	0.6	1.0	0.2	0.3	0.2	3.4	1.2	14.0

	Freight payment on exports	0.0	0.0	0.0	593.1	0.0	0.0	0.0	0.0

	Freight payment on imports	353.4	262.8	445.7	109.7	790.4	634.6	819.4	600.8

	Others	11.8	25.5	62.6	0.0	135.4	292.3	388.1	518.5
	TOTAL-B	1856.7	1961.0	3189.8	4547.0	5536.5	5851.8	7279.5	8497.1
	TRANSPORTATION
	ACCOUNT (NET) (A-B)	- 346.2	- 196.4	- 881.6	- 1696.6	- 1041.6	- 523.7	- 515.0	- 1554.7

								(U.S. $ Mn.)
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Remittance of surplus passage
	fare and freight collection by
	Indian steamshipowners or
	operators abroad	3	7	11	1	218	226	91	55

	Operating expensess of foreign
	steamship companies in India	104	108	81	46	118	160	216	189

	Remittanceof surplus passage
	fare and freight collectionby
	Indian airline owners or operators abroad	125	149	129	212	231	231	211	265

	Operating expensesof foreign
	airlines companies in India	4	7	5	2	5	6	196	81

	Estimated freight on exports	660	709	697	721	858	1039	1230	1303

	Others	11	3	16	0	4	33	67	60
	TOTAL-A	907	983	939	982	1433	1696	2011	1953
B	PAYMENTS
	Remittance of surplus passage
	fare and Freight collection to
	foreign steamshipowners or
	operators abroad	154	207	311	369	460	546	695	789

	Operating expenses of Indian
	steam-ship companies	338	332	304	364	271	307	276	361

	Remittance of surplus passage
	fare and Freight collection to
	foreign airline owners or operators abroad	311	273	434	410	528	429	497	546

	Operating expenses of Indian
	airline companies	15	68	10	64	86	106	150	180

	Operating expenses of foreign
	steam-ship and airline companies	6	4	1	3	14	14	16	7

	Charter hire payment	72	47	24	45	111	167	174	192

	Remittances of passage expenses	0	1	0	0	0	1	0	4

	Freight payment on exports	0	0	0	194	0	0	0	0

	Freight payment on imports	212	146	180	36	252	202	244	169

	Others	7	14	26	1	43	92	116	146
	TOTAL-B	1115	1093	1289	1485	1765	1863	2169	2394
	TRANSPORTATION
	ACCOUNT (NET) (A-B)	- 208	- 110	- 350	- 503	- 332	- 167	- 158	- 441

Statement III : Insurance Account

								Rs. crore
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Life	10.2	5.6	10	7.8	3.9	3.5	4.1	6.0

	Marine	1.1	1.4	2.9	1.0	0.8	2.8	2.9	12.9

	Others	186.6	191.4	251.8	450.6	383.4	469.4	592.6	752.2
	Total-A	197.9	198.4	264.7	459.4	388.1	475.7	599.6	771.1

B	PAYMENTS

	Life	4.4	12.4	8.5	19.5	8.7	9.4	22.0	46.3

	Marine	24.5	47.9	67.9	122.2	121.3	78.8	67.4	112.4

	Others	110.8	98.1	230.4	307.2	481.8	478.4	389.5	383.9
	Total - B	139.7	158.4	306.8	448.9	611.8	566.6	478.9	542.6
	Insurance Account (net) (A-B)	58.2	40.0	- 42.1	10.5	- 223.7	- 90.9	120.7	228.5

								(U.S.$ Mn.)
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Life	6	3	4	4	1	1	1	2

	Marine	1	1	1	0	0	1	1	4

	Others	112	107	103	154	122	149	177	212
	Total-A	119	111	108	158	124	152	179	217

B	PAYMENTS

	Life	3	7	3	6	3	3	7	13

	Marine	15	27	28	40	39	25	20	32

	Others	67	55	95	100	154	153	116	108
	Total - B	84	88	126	146	195	181	143	153
	Insurance Account (net) (A-B)	35	23	- 18	12	- 71	- 29	36	64

Statement IV : Investment Income Account

									Rs. crore
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Current Profits	9.0	2.1	1.5	0.2	1.3	61.0	82.1	107.6

	Dividend on foreign shares held by residents	2.8	2.8	3.7	11.2	4.4	6.4	16.0	19.6

	Interest on foreign Government Securities held by residents	516.0	476.8	390.3	842.8	1069.7	2604.0	4518.3	3329.8

	Interest on private (non-banking) claim on non-residents	3.9	4.5	4.0	22.7	5.9	6.1	20.0	95.0

	Interest on loans extended to non-residents by official and official institutions	16.1	64.6	69.6	51.9	44.4	0.2	0.9	5.6

	Interest on overdrafts, loans, extended to non-residents banks and on balances held abroad by banks in India	7.2	4.7	5.5	4.0	7.7	0.4	5.0	31.0

	Interest on holding of SDRs.	58.3	67.9	50.8	45.5	82.6	7.9	13.7	7.1

	Taxes and refunds on profit, dividends and interest	3.7	2.1	6.5	2.4	6.5	38.4	22.3	121.9

	Income on real estate	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.0

	Others	70.8	35.0	9.9	23.2	15.1	58.1	53.7	91.4
	TOTAL - A	687.8	660.5	541.8	1003.9	1237.6	2782.5	4732.0	3811.0
B	PAYMENTS

	Current Profits	39.1	34.8	51.1	40.0	18.9	3.4	25.4	16.0

	Dividends of foreign controlled companies	32.0	70.6	103.4	78.6	149.8	267.7	504.7	102.1

	Dividends of non-controlled companies	109.5	146.5	166.2	266.7	129.2	304.5	377.2	834.8

	Interest on Government securities and obligations held by non-residents	2.6	4.0	6.6	5.8	12.4	5.1	20.2	33.4

	Interest on obligation of private individuals and institutions other than banking institutions	160.6	212.7	542.7	218.2	227.9	465.2	1126.9	708.0

	Interest on long-term loan received from non-residents including international institutions by official and private sectors	3102.8	4555.4	5562.3	6994.2	7113.3	7711.2	7376.1	6927.2

	Interest on loans and overdrafts obtained by banking institutions	76.1	74.3	163.6	175.5	32.6	343.9	187.8	78.9

	Interest on balances held in India by non-resident banks and official Institutions	3.4	10.1	0.6	1.4	1.8	53.2	111.5	156.4

	Charges on utilisations of SDRs.	433.2	402.1	783.5	885.5	919.5	834.8	634.4	472.2

	Taxes and tax refunds on profits, dividends and interest	7.6	21.1	14.8	17.2	14.8	7.5	35.5	38.8

	Income on real estates owned by foreigners	1.5	0.0	0.0	0.0	0.4	1.5	3.2	0.4

	Others	35.6	13.1	22.6	21.3	55.8	314.5	1372.7	318.5

	Interest on FCNR (A)	1558.4	1848.2	1786.9	2002.7	966.2	1484.7	926.0	597.9

	FCNR (B)	0.0	0.0	0.0	0.0	191.3	378.2	794.9	1308.7

	FCBOD	0.0	0.0	0.0	0.0	0.0	80.0	92.0	0.0

	NR(E)RA	0.0	0.0	734.2	799.6	1662.5	1170.8	1221.0	1867.6

	NR(NR)D	0.0	0.0	0.0	0.0	0.0	128.3	639.0	1137.1

	I. D. Bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	213.0

	Interest paid locally on NRER	0.0	0.0	0.0	0.0	0.0	0.0	0.0	768.5
	TOTAL - B	5562.4	7392.9	9938.5	11506.7	11496.4	13554.5	15448.5	15579.5
	INVESTMENT INCOME (NET) (A-B)	- 4874.6	- 6732.4	- 9396.7	- 10502.8	- 10258.8	- 10772.0	- 10716.5	- 11768.5


								(U.S.$ Mn.)
		1989-90	1990-91	1991-92	1992-93	1993-94	1994-95	1995-96	1996-97
A	RECEIPTS

	Current Profits	5	1	1	0	0	19	25	30

	Dividend on foreign shares held by residents	2	2	2	5	1	2	5	6

	Interest on foreign Government Securities held by residents	310	266	159	315	341	829	1364	938

	Interest on private (non-banking) claim on non-residents	2	3	2	8	2	2	6	27

	Interest on loans extended to non-residents by official and official institutions	10	36	28	20	14	0	0	2

	Interest on overdrafts, loans, extended to non-residents banks and on balances held abroad by banks in India	4	3	2	1	2	0	1	9

	Interest on holding of SDRs.	35	38	21	17	26	3	4	2

	Taxes and refunds on profit, dividends and interest	2	1	3	1	2	12	7	34

	Income on real estate	0	0	0	0	0	0	0	1

	Others	43	20	4	9	5	19	17	25
	TOTAL - A	413	368	221	376	395	886	1429	1073
B	PAYMENTS

	Current Profits	23	19	21	13	6	1	8	5

	Dividends of foreign controlled companies	19	39	42	26	48	85	151	29

	Dividends of non-controlled companies	66	82	68	87	41	97	113	234

	Interest on Government securities and obligations held by non-residents	2	2	3	2	4	2	6	9

	Interest on obligation of private individuals and institutions other than banking institutions	96	119	222	71	73	148	339	199

	Interest on long-term loan received from non-residents including international institutions by official and private sectors	1864	2539	2267	2313	2268	2456	2213	1947

	Interest on loans and overdrafts obtained by banking institutions	46	41	67	57	10	110	56	22

	Interest on balances held in India by non-resident banks and official Institutions	2	6	0	0	1	17	33	44

	Charges on utilisations of SDRs.	260	224	319	293	293	266	190	133

	Taxes and tax refunds on profits, dividends and interest	5	12	6	6	5	2	11	11

	Income on real estates owned by foreigners	1	0	0	0	0	0	1	0

	Others	21	7	9	7	18	100	412	90

	Interest on FCNR(A)	936	1030	728	661	308	473	278	168

	FCNR(B)	0	0	0	0	61	120	239	368

	FCBOD	0	0	0	0	0	25	28	0

	NR(E)RA	0	0	299	263	530	373	367	524

	NR(NR)D	0	0	0	0	0	41	191	319

	I. D. Bonds	0	0	0	0	0	0	0	60

	Interest paid locally on NRER	0	0	0	0	0	0	0	216
	TOTAL - B	3341	4120	4051	3799	3665	4317	4634	4380
	INVESTMENT INCOME (NET) (A-B)	- 2928	- 3752	- 3830	- 3423	- 3270	- 3431	- 3205	- 3307