Rupees crore

US $ million

Item

1998-99

1997-98

1996-97

1995-96

1998-99

1997-98

1996-97

1995-96

1

2

3

4

5

6

7

8

9

A.

Current Account

1.

Exports, f.o.b.

1,44,436

1,32,703

1,21,194

1,08,481

34,298

35,680

34,133

32,311

2.

Imports, c.i.f.

1,99,914

1,90,509

1,73,753

1,46,542

47,544

51,187

48,948

43,670

3.

Trade Balance

- 55,478

-57,806

- 52,560

- 38,061

- 13,246

- 15,507

- 14,815

- 11,359

4.

Invisibles, net

38,690

36,921

36,279

18,416

9,208

10,007

10,196

5,449

a)

‘Non-factor’ Services

9,116

4,944

2,622

-701

2,165

1,319

726

-197

b)

Investment Income

- 14,967

- 13,205

- 11,768

- 10,716

- 3,544

- 3,521

- 3,307

- 3,205

c)

Private Transfers

43,241

43,765

43,968

28,660

10,280

11,830

12,367

8,506

d)

Official Transfers

1,300

1,417

1,453

1,173

307

379

410

345

5.

Current Account Balance

- 16,788

- 20,885

- 16,281

- 19,645

- 4,038

- 5,500

- 4,619

- 5,910

B.

Capital Account

1.

External Assistance, net

3,485

3,461

3,998

3,356

820

907

1,109

883

a)

Disbursements

11,507

10,826

10,893

10,101

2,726

2,885

3,056

2,933

b)

Amortisation

- 8,022

- 7,365

- 6,895

- 6,745

- 1,906

- 1,978

- 1,947

- 2,050

2.

Commercial Borrowings, net

18,557

14,557

10,004

4,548

4,362

3,999

2,848

1,275

a)

Disbursements

30,624

27,210

26,867

14,440

7,226

7,371

7,571

4,252

b)

Amortisation

- 12,067

- 12,653

- 16,863

- 9,892

- 2,864

- 3,372

- 4,723

- 2,977

3.

Short-term Credit, net

- 3,115

- 530

2,979

94

- 748

- 96

838

49

4.

NRI Deposits, net

7,310

4,324

11,894

3,821

1,742

1,125

3,350

1,103

5.

Foreign Investment, net

10,168

19,960

21,829

16,312

2,412

5,390

6,153

4,805

6.

Rupee Debt Service

- 3,308

- 2,784

- 2,542

- 3,105

- 802

- 767

- 727

- 952

7.

Other Capital, net @

3,258

- 2,390

- 5,547

- 10,717

779

- 714

- 1,565

- 3,074

8.

Total Capital Account

36,355

36,598

42,615

14,309

8,565

9,844

12,006

4,089

C.

Errors and Omissions

- 1,322

940

- 2,114

1,287

- 305

167

- 594

600

D.

Overall Balance [A(5)+B(8)+C]

18,245

16,654

24,220

- 4,049

4,222

4,511

6,793

- 1,221

E.

Monetary Movements (F+G)

- 18,245

- 16,654

- 24,220

4,049

- 4,222

- 4,511

- 6,793

1,221

F.

IMF, Net

- 1,652

- 2,286

- 3,461

- 5,749

- 393

- 618

- 975

- 1,715

G.

Reserves and Monetary Gold

(Increase -, Decrease +)

- 16,593

- 14,368

- 20,759

9,798

- 3,829

- 3,893

- 5,818

2,936

@

Includes delayed export receipts, advance payments against imports, loans to non-residents by residents and banking capital.

Note :

1

Gold and silver brought by returning Indians have been included under imports, with a contra entry in private transfer receipts.

2

Data on exports and imports differ from those given by DGCI&S on account of difference in coverage, valuation and timing.