No. 44 : India's Overall Balance of Payments in Rupees (Part 2 of 2) - ਆਰਬੀਆਈ - Reserve Bank of India
No. 44 : India's Overall Balance of Payments in Rupees (Part 2 of 2)
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(Rs. crore) |
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Items |
April-June 1997PR |
July-Sept.1997PR |
Oct.-Dec.1997PR |
Jan.-March 1998PR |
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Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|||
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
|||
A. |
CURRENT ACCOUNT |
|||||||||||||||
I. |
MERCHANDISE |
31065.9 |
45851.2 |
- 14785.3 |
32391.8 |
42088.3 |
-9696.5 |
32662.6 |
49955.6 |
- 17293.0 |
36582.3 |
52613.4 |
-16031.1 |
|||
II. |
INVISIBLES (a+b+c) |
20321.5 |
10412.1 |
9909.4 |
22591.4 |
12251.0 |
10340.4 |
22661.6 |
11973.6 |
10688.0 |
20668.0 |
14684.5 |
5983.5 |
|||
a) |
Services |
7946.3 |
7322.9 |
623.4 |
7695.3 |
7401.3 |
294.0 |
10078.3 |
6964.0 |
3114.3 |
9381.2 |
8468.9 |
912.3 |
|||
i) |
Travel |
2273.8 |
1224.2 |
1049.6 |
2255.4 |
1489.4 |
766.0 |
3122.7 |
1160.9 |
1961.8 |
3227.7 |
1465.1 |
1762.6 |
|||
ii) |
Transportation |
1802.9 |
2494.1 |
- 691.2 |
1868.9 |
2436.7 |
- 567.8 |
1332.1 |
2080.8 |
- 748.7 |
1801.3 |
2340.7 |
- 539.4 |
|||
iii) |
Insurance |
209.7 |
106.7 |
103.0 |
240.2 |
211.7 |
28.5 |
173.5 |
145.8 |
27.7 |
266.3 |
214.9 |
51.4 |
|||
iv) |
G.n.i.e. |
94.1 |
201.3 |
- 107.2 |
273.6 |
117.8 |
155.8 |
242.7 |
85.8 |
156.9 |
427.2 |
188.9 |
238.3 |
|||
v) |
Miscellaneous |
3565.8 |
3296.6 |
269.2 |
3057.2 |
3145.7 |
- 88.5 |
5207.3 |
3490.7 |
1716.6 |
3658.7 |
4259.3 |
- 600.6 |
|||
b) |
Transfers |
10971.7 |
27.8 |
10943.9 |
13382.9 |
46.1 |
13336.8 |
11217.8 |
32.6 |
11185.2 |
9774.3 |
58.4 |
9715.9 |
|||
vi) |
Official |
266.2 |
- |
266.2 |
245.0 |
- |
245.0 |
487.7 |
- |
487.7 |
418.5 |
- |
418.5 |
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vii) |
Private |
10705.5 |
27.8 |
10677.7 |
13137.9 |
46.1 |
13091.8 |
10730.1 |
32.6 |
10697.5 |
9355.8 |
58.4 |
9297.4 |
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c) |
Income |
1403.5 |
3061.4 |
- 1657.9 |
1513.2 |
4803.6 |
- 3290.4 |
1365.5 |
4977.0 |
- 3611.5 |
1512.5 |
6157.2 |
- 4644.7 |
|||
i) |
Investment Income |
1403.3 |
3041.2 |
- 1637.9 |
1512.9 |
4742.0 |
- 3229.1 |
1365.5 |
4953.1 |
- 3587.6 |
1512.5 |
6028.3 |
- 4515.8 |
|||
ii) |
Compensation of Employees |
0.2 |
20.2 |
- 20.0 |
0.3 |
61.6 |
- 61.3 |
- |
23.9 |
- 23.9 |
- |
128.9 |
- 128.9 |
|||
Total Current Account (I+II) |
51387.4 |
56263.3 |
- 4875.9 |
54983.2 |
54339.3 |
643.9 |
55324.2 |
61929.2 |
- 6605.0 |
57250.3 |
67297.9 |
-10047.6 |
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B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment |
9416.4 |
2695.8 |
6720.6 |
7733.9 |
3146.1 |
4587.8 |
9479.1 |
4619.4 |
4859.7 |
7814.6 |
4151.1 |
3663.5 |
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(a+b) |
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a) |
In India |
9370.3 |
2565.1 |
6805.2 |
7713.1 |
3017.8 |
4695.3 |
9389.1 |
4502.7 |
4886.4 |
7602.3 |
4029.0 |
3573.3 |
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i. |
Direct |
4223.2 |
53.7 |
4169.5 |
2870.1 |
5.6 |
2864.5 |
2984.3 |
50.3 |
2934.0 |
3239.6 |
14.0 |
3225.6 |
|||
ii. |
Portfolio |
5147.1 |
2511.4 |
2635.7 |
4843.0 |
3012.2 |
1830.8 |
6404.8 |
4452.4 |
1952.4 |
4362.7 |
4015.0 |
347.7 |
|||
b) |
Abroad |
46.1 |
130.7 |
- 84.6 |
20.8 |
128.3 |
- 107.5 |
90.0 |
116.7 |
- 26.7 |
212.3 |
122.1 |
90.2 |
|||
2. |
Loans (a+b+c) |
14980.7 |
7829.8 |
7150.9 |
18027.0 |
11455.4 |
6571.6 |
15920.8 |
13468.3 |
2452.5 |
15213.2 |
13935.0 |
1278.2 |
|||
a) |
External Assistance |
1553.9 |
1727.1 |
- 173.2 |
2276.6 |
1830.6 |
446.0 |
3169.6 |
1649.5 |
1520.1 |
3825.9 |
2235.2 |
1590.7 |
|||
i) |
By India |
- |
20.0 |
- 20.0 |
- |
32.2 |
- 32.2 |
- |
17.3 |
- 17.3 |
- |
8.2 |
- 8.2 |
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ii) |
To India |
1553.9 |
1707.1 |
- 153.2 |
2276.6 |
1798.4 |
478.2 |
3169.6 |
1632.2 |
1537.4 |
3825.9 |
2227.0 |
1598.9 |
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b) |
Commercial Borrowings |
6539.6 |
1294.1 |
5245.5 |
9109.6 |
3066.2 |
6043.4 |
6303.5 |
4124.4 |
2179.1 |
5300.3 |
4168.6 |
1131.7 |
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(MT & LT) |
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i) |
By India |
11.9 |
- |
11.9 |
26.6 |
- |
26.6 |
3.8 |
- |
3.8 |
- |
- |
- |
|||
ii) |
To India |
6527.7 |
1294.1 |
5233.6 |
9083.0 |
3066.2 |
6016.8 |
6299.7 |
4124.4 |
2175.3 |
5300.3 |
4168.6 |
1131.7 |
|||
c) |
Short Term To India |
6887.2 |
4808.6 |
2078.6 |
6640.8 |
6558.6 |
82.2 |
6447.7 |
7694.4 |
- 1246.7 |
6087.0 |
7531.2 |
- 1444.2 |
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3. |
Banking Capital (a+b) |
11083.4 |
7169.6 |
3913.8 |
5814.7 |
10969.7 |
- 5155.0 |
7399.0 |
12761.6 |
-5362.6 |
8756.6 |
5342.5 |
3414.1 |
|||
a) |
Commercial Banks |
9478.6 |
7161.1 |
2317.5 |
5814.6 |
10323.6 |
- 4509.0 |
6424.3 |
12167.5 |
- 5743.2 |
8609.0 |
5186.7 |
3422.3 |
|||
i) |
Assets |
1020.1 |
1629.9 |
- 609.8 |
825.3 |
3220.3 |
- 2395.0 |
216.3 |
5170.6 |
- 4954.3 |
31.8 |
193.3 |
- 161.5 |
|||
ii) |
Liabilities |
83.5 |
276.0 |
- 192.5 |
49.8 |
177.4 |
- 127.6 |
35.5 |
24.3 |
11.2 |
24.2 |
431.4 |
- 407.2 |
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iii) |
Non-Resident Deposits |
8375.0 |
5255.2 |
3119.8 |
4939.5 |
6925.9 |
- 1986.4 |
6172.5 |
6972.6 |
- 800.1 |
8553.0 |
4562.0 |
3991.0 |
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b) |
Others |
1604.8 |
8.5 |
1596.3 |
0.1 |
646.1 |
- 646.0 |
974.7 |
594.1 |
380.6 |
147.6 |
155.8 |
- 8.2 |
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4. |
Rupee Debt Service |
- |
2265.5 |
- 2265.5 |
- |
8.1 |
- 8.1 |
- |
189.3 |
- 189.3 |
- |
320.6 |
- 320.6 |
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5. |
Other Capital |
2472.6 |
2982.5 |
- 509.9 |
702.9 |
1185.4 |
- 482.5 |
4855.1 |
2229.3 |
2625.8 |
6426.7 |
2773.6 |
3653.1 |
|||
Total Capital Account |
37953.1 |
22943.2 |
15009.9 |
32278.5 |
26764.7 |
5513.8 |
37654.0 |
33267.9 |
4386.1 |
38211.1 |
26522.8 |
11688.3 |
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(1 to 5) |
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C. |
Errors & Omissions |
1112.4 |
- |
1112.4 |
- |
3723.8 |
- 3723.8 |
- |
3139.6 |
- 3139.6 |
6691.3 |
- |
6691.3 |
|||
D. |
Overall Balance |
90452.9 |
79206.5 |
11246.4 |
87261.7 |
84827.8 |
2433.9 |
92978.2 |
98336.7 |
- 5358.5 |
102152.7 |
93820.7 |
8332.0 |
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(Total Capital Account, |
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Current Account and |
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Errors & Omissions (A+B+C) |
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E. |
Monetary Movements |
- |
11246.4 |
- 11246.4 |
- |
2433.9 |
- 2433.9 |
5900.5 |
542.0 |
5358.5 |
- |
8332.0 |
- 8332.0 |
|||
(i+ii) |
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i) |
I.M.F. |
- |
609.0 |
- 609.0 |
- |
646.8 |
- 646.8 |
- |
542.0 |
- 542.0 |
- |
488.4 |
- 488.4 |
|||
ii) |
Foreign Exchange Reserves |
- |
10637.4 |
- 10637.4 |
- |
1787.1 |
- 1787.1 |
5900.5 |
- |
5900.5 |
- |
7843.6 |
- 7843.6 |
|||
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(Increase - / Decrease +) |
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(Rs. crore) |
||
Items |
April-June 1998PR |
July-Sept.1998PR |
Oct-Dec. 1998PR |
Jan.-Mar.1999 |
||||||||||
|
|
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
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|
14 |
15 |
16 |
17 |
18 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
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A. |
CURRENT ACCOUNT |
|||||||||||||
I. |
MERCHANDISE |
31683.3 |
51164.0 |
- 19480.7 |
37263.7 |
51627.2 |
-14363.5 |
34939.9 |
49485.1 |
- 14545.2 |
40549.1 |
47637.8 |
- 7088.7 |
|
II. |
INVISIBLES (a+b+c) |
25570.4 |
14785.3 |
10785.1 |
27087.7 |
17007.3 |
10080.4 |
25461.1 |
16027.2 |
9433.9 |
30338.3 |
21947.3 |
8391.0 |
|
a) |
Services |
12398.1 |
10460.9 |
1937.2 |
13801.4 |
11251.7 |
2549.7 |
12810.5 |
9602.0 |
3208.5 |
16516.4 |
15095.5 |
1420.9 |
|
i) |
Travel |
2735.0 |
2032.3 |
702.7 |
2700.6 |
1993.9 |
706.7 |
3484.4 |
1582.9 |
1901.5 |
3682.6 |
1716.5 |
1966.1 |
|
ii) |
Transportation |
1825.1 |
3021.6 |
- 1196.5 |
2119.1 |
2607.5 |
- 488.4 |
1565.2 |
3068.5 |
- 1503.3 |
2599.6 |
2567.1 |
32.5 |
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iii) |
Insurance |
237.1 |
109.7 |
127.4 |
230.9 |
149.6 |
81.3 |
211.7 |
86.1 |
125.6 |
265.0 |
126.4 |
138.6 |
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iv) |
G.n.i.e. |
408.8 |
601.0 |
- 192.2 |
953.6 |
341.8 |
611.8 |
811.2 |
306.5 |
504.7 |
346.4 |
109.6 |
236.8 |
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v) |
Miscellaneous |
7192.1 |
4696.3 |
2495.8 |
7797.2 |
6158.9 |
1638.3 |
6738.0 |
4558.0 |
2180.0 |
9622.8 |
10575.9 |
- 953.1 |
|
b) |
Transfers |
10960.9 |
76.6 |
10884.3 |
11491.0 |
77.4 |
11413.6 |
10712.8 |
65.9 |
10646.9 |
11633.8 |
37.4 |
11596.4 |
|
vi) |
Official |
176.1 |
- |
176.1 |
302.3 |
- |
302.3 |
433.6 |
- |
433.6 |
392.7 |
5.0 |
387.7 |
|
vii) |
Private |
10784.8 |
76.6 |
10708.2 |
11188.7 |
77.4 |
11111.3 |
10279.2 |
65.9 |
10213.3 |
11241.1 |
32.4 |
11208.7 |
|
c) |
Income |
2211.4 |
4247.8 |
- 2036.4 |
1795.3 |
5678.2 |
- 3882.9 |
1937.8 |
6359.3 |
- 4421.5 |
2188.1 |
6814.4 |
- 4626.3 |
|
i) |
Investment Income |
2211.4 |
4233.4 |
- 2022.0 |
1756.7 |
5665.7 |
- 3909.0 |
1862.9 |
6338.7 |
- 4475.8 |
2122.4 |
6794.0 |
- 4671.6 |
|
ii) |
Compensation of employees |
- |
14.4 |
- 14.4 |
38.6 |
12.5 |
26.1 |
74.9 |
20.6 |
54.3 |
65.7 |
20.4 |
45.3 |
|
Total Current Account (I+II) |
57253.7 |
65949.3 |
- 8695.6 |
64351.4 |
68634.5 |
- 4283.1 |
60401.0 |
65512.3 |
- 5111.3 |
70887.4 |
69585.1 |
1302.3 |
||
B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment |
5197.6 |
3130.2 |
2067.4 |
5727.3 |
4191.4 |
1535.9 |
6233.9 |
5449.4 |
784.5 |
7666.3 |
2317.7 |
5348.6 |
|
(a+b) |
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a) |
In India |
4730.3 |
2765.5 |
1964.8 |
5683.4 |
3870.1 |
1813.3 |
6229.8 |
5315.4 |
914.4 |
7566.5 |
2090.7 |
5475.8 |
|
i. |
Direct |
3705.3 |
15.8 |
3689.5 |
2318.0 |
6.1 |
2311.9 |
1582.1 |
33.4 |
1548.7 |
2945.0 |
107.4 |
2837.6 |
|
ii. |
Portfolio |
1025.0 |
2749.7 |
- 1724.7 |
3365.4 |
3864.0 |
- 498.6 |
4647.7 |
5282.0 |
- 634.3 |
4621.5 |
1983.3 |
2638.2 |
|
b) |
Abroad |
467.3 |
364.7 |
102.6 |
43.9 |
321.3 |
- 277.4 |
4.1 |
134.0 |
- 129.9 |
99.8 |
227.0 |
- 127.2 |
|
2. |
Loans (a+b+c) |
11346.7 |
13105.5 |
- 1758.8 |
29626.7 |
13733.9 |
15892.8 |
9169.2 |
8381.4 |
787.8 |
11730.8 |
7786.3 |
3944.5 |
|
a) |
External Assistance |
1704.1 |
1912.0 |
- 207.9 |
2133.3 |
2179.1 |
- 45.8 |
3622.2 |
2382.1 |
1240.1 |
4049.3 |
1633.9 |
2415.4 |
|
i) |
By India |
1.0 |
36.0 |
- 35.0 |
1.2 |
27.1 |
- 25.9 |
- |
15.1 |
- 15.1 |
- |
6.9 |
- 6.9 |
|
ii) |
To India |
1703.1 |
1876.0 |
- 172.9 |
2132.1 |
2152.0 |
- 19.9 |
3622.2 |
2367.0 |
1255.2 |
4049.3 |
1627.0 |
2422.3 |
|
b) |
Commercial Borrowings |
3075.0 |
2537.6 |
537.4 |
21611.1 |
3734.1 |
17877.0 |
1927.6 |
2516.7 |
- 589.1 |
4032.6 |
3278.4 |
754.2 |
|
(MT & LT) |
||||||||||||||
i) |
By India |
- |
- |
- |
2.0 |
- |
2.0 |
20.4 |
- |
20.4 |
- |
- |
- |
|
ii) |
To India |
3075.0 |
2537.6 |
537.4 |
21609.1 |
3734.1 |
17875.0 |
1907.2 |
2516.7 |
- 609.5 |
4032.6 |
3278.4 |
754.2 |
|
c) |
Short Term To India |
6567.6 |
8655.9 |
- 2088.3 |
5882.3 |
7820.7 |
- 1938.4 |
3619.4 |
3482.6 |
136.8 |
3648.9 |
2874.0 |
774.9 |
|
3. |
Banking Capital (a+b) |
6879.9 |
8974.1 |
- 2094.2 |
5881.4 |
7097.8 |
- 1216.4 |
7523.0 |
5537.8 |
1985.2 |
14260.8 |
6560.7 |
7700.1 |
|
a) |
Commercial Banks |
5493.4 |
8971.8 |
- 3478.4 |
5815.8 |
6448.4 |
- 632.6 |
7499.8 |
5315.5 |
2184.3 |
9718.8 |
6231.4 |
3487.4 |
|
i) |
Assets |
20.7 |
5306.3 |
- 5285.6 |
2742.3 |
1702.8 |
1039.5 |
1899.5 |
3006.4 |
- 1106.9 |
1049.8 |
1406.2 |
- 356.4 |
|
ii) |
Liabilities |
16.9 |
168.5 |
- 151.6 |
240.1 |
58.2 |
181.9 |
87.6 |
44.4 |
43.2 |
182.0 |
295.2 |
- 113.2 |
|
iii) |
Non-Resident Deposits |
5455.8 |
3497.0 |
1958.8 |
2833.4 |
4687.4 |
- 1854.0 |
5512.7 |
2264.7 |
3248.0 |
8487.0 |
4530.0 |
3957.0 |
|
b) |
Others |
1386.5 |
2.3 |
1384.2 |
65.6 |
649.4 |
- 583.8 |
23.2 |
222.3 |
- 199.1 |
4542.0 |
329.3 |
4212.7 |
|
4. |
Rupee Debt Service |
- |
2386.6 |
- 2386.6 |
- |
12.8 |
- 12.8 |
- |
244.3 |
- 244.3 |
- |
664.2 |
- 664.2 |
|
5. |
Other Capital |
5961.1 |
682.1 |
5279.0 |
2264.6 |
3472.6 |
- 1208.0 |
5288.1 |
898.5 |
4389.6 |
3049.4 |
6824.5 |
- 3775.1 |
|
Total Capital Account |
29385.3 |
28278.5 |
1106.8 |
43500.0 |
28508.5 |
14991.5 |
28214.2 |
20511.4 |
7702.8 |
36707.3 |
24153.4 |
12553.9 |
||
(1 to 5) |
||||||||||||||
C. |
Errors & Omissions |
419.4 |
- |
419.4 |
- |
2720.2 |
- 2720.2 |
914.6 |
- |
914.6 |
64.3 |
- |
64.3 |
|
D. |
Overall Balance |
87058.4 |
94227.8 |
- 7169.4 |
107851.4 |
99863.2 |
7988.2 |
89529.8 |
86023.7 |
3506.1 |
107659.0 |
93738.5 |
13920.5 |
|
(Total Capital Account, |
||||||||||||||
Current Account and |
||||||||||||||
Errors & Omissions (A+B+C) |
||||||||||||||
E. |
Monetary Movements |
7586.7 |
417.3 |
7169.4 |
- |
7988.2 |
- 7988.2 |
- |
3506.1 |
- 3506.1 |
- |
13920.5 |
- 13920.5 |
|
(i+ii) |
||||||||||||||
i) |
I.M.F. |
- |
417.3 |
- 417.3 |
- |
413.6 |
- 413.6 |
- |
385.8 |
- 385.8 |
- |
435.4 |
- 435.4 |
|
ii) |
Foreign Exchange Reserves |
7586.7 |
- |
7586.7 |
- |
7574.6 |
- 7574.6 |
- |
3120.3 |
- 3120.3 |
- |
13485.1 |
- 13485.1 |
|
|
|
(Increase - / Decrease +) |
|
|
|
|
|
|
|
|
|
|
|
|
PR : |
Partially Revised. |
Note : |
Data for the year 1995-96 to 1998-99 have been revised on account of availability of data in respect of Foreign Direct Investment for acquisition of shares under section 29 of FERA. Data for the years 1997-98 have aslo been revised due to revision of exports data by the DGCI & S and exports covered by the SOFTEX forms. Purchases & sales by the Full Fledged Money Changers from/to the tourists have been included from April 1998 onwards. This marks an improvement in the data collection and dissemination. |
Also see 'Notes on Tables'. |