(US $ million)

Items

2003-04 P

2002-03 PR

2001-02 PR

2000-01 PR

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

8

9

10

11

12

13

A.

Current Account

I.

Merchandise

62952

79658

-16706

52512

65422

-12910

44915

57618

-12703

44894

59264

-14370

II.

Invisibles (a+b+c)

51939

26514

25425

43373

26326

17047

36690

23205

13485

34786

24006

10780

a)

Services

27616

16932

10684

24963

18198

6765

20665

16088

4577

18870

16392

2478

i)

Travel

3945

3511

434

3029

3467

-438

2910

2282

628

3168

2874

294

ii)

Transportation

3200

2331

869

2524

2547

-23

1969

2382

-413

1913

3170

-1257

iii)

Insurance

419

363

56

368

314

54

267

254

13

257

122

135

iv)

G.n.i.e.

243

212

31

307

228

79

469

272

197

657

341

316

v)

Miscellaneous

19809

10515

9294

18735

11642

7093

15050

10898

4152

12875

9885

2990

of which : Software Services

12200

550

11650

9600

737

8863

7556

672

6884

6341

591

5750

b)

Transfers

19794

350

19444

15584

367

15217

12577

68

12509

13211

77

13134

i)

Official

559

—

559

410

—

410

385

1

384

338

2

336

ii)

Private

19235

350

18885

15174

367

14807

12192

67

12125

12873

75

12798

c)

Income

4529

9232

-4703

2826

7761

-4935

3448

7049

-3601

2705

7537

-4832

i)

Investment Income

4399

9197

-4798

2732

7742

-5010

3362

7037

-3675

2598

7527

-4929

ii)

Compensation of Employees

130

35

95

94

19

75

86

12

74

107

10

97

Total Current Account (I+II)

114891

106172

8719

95885

91748

4137

81605

80823

782

79680

83270

-3590

B.

Capital Account

1. Foreign Investment (a+b)

32814

18322

14492

12325

7770

4555

14450

7758

6692

15981

10119

5862

a)

Foreign Direct Investment (i+ii)

4888

1751

3137

4790

1179

3611

6235

1494

4741

4121

849

3272

i)

In India

4677

2

4675

4717

57

4660

6136

5

6131

4051

22

4029

Equity

2389

2

2387

2757

57

2700

4100

5

4095

2422

22

2400

Reinvested Earnings

1800

—

1800

1498

—

1498

1646

—

1646

1350

—

1350

Other Capital

488

—

488

462

—

462

390

—

390

279

—

279

ii)

Abroad

211

1749

-1538

73

1122

-1049

99

1489

-1390

70

827

-757

Equity

211

493

-282

73

497

-424

99

669

-570

70

414

-344

Reinvested Earnings

—

1176

-1176

—

519

-519

—

699

-699

—

339

-339

Other Capital

—

80

-80

—

106

-106

—

121

-121

—

74

-74

b)

Portfolio Investment

27926

16571

11355

7535

6591

944

8215

6264

1951

11860

9270

2590

In India

27926

16549

11377

7535

6556

979

8215

6195

2020

11860

9100

2760

Abroad

—

22

-22

—

35

-35

—

69

-69

—

170

-170

2.

Loans (a+b+c)

20857

23811

-2954

13795

17620

-3825

11512

12862

-1350

22797

18545

4252

a)

External Assistance

3374

6035

-2661

2773

5233

-2460

3352

2235

1117

2942

2532

410

i)

By India

—

10

-10

—

32

-32

—

87

-87

—

17

-17

ii)

To India

3374

6025

-2651

2773

5201

-2428

3352

2148

1204

2942

2515

427

b)

Commercial Borrowings (MT & LT)

6253

8106

-1853

2833

5177

-2344

2696

4272

-1576

9052

5315

3737

i)

By India

3

—

3

9

—

9

3

—

3

7

2

5

ii)

To India

6250

8106

-1856

2824

5177

-2353

2693

4272

-1579

9045

5313

3732

c)

Short Term To India

11230

9670

1560

8189

7210

979

5464

6355

-891

10803

10698

105

3.

Banking Capital (a+b)

23210

17013

6197

17969

9557

8412

17526

11934

5592

12772

11961

811

a)

Commercial Banks

22875

16204

6671

17433

9311

8122

17041

11656

5385

12452

11567

885

i)

Assets

4830

5160

-330

6853

1990

4863

5051

2789

2262

3009

4477

-1468

ii)

Liabilities

18045

11044

7001

10580

7321

3259

11990

8867

3123

9443

7090

2353

of which : Non- Resident Deposits

14309

10681

3628

10087

7111

2976

11435

8681

2754

8989

6672

2317

b)

Others

335

809

-474

536

246

290

485

278

207

320

394

-74

4.

Rupee Debt Service

—

376

-376

—

474

-474

—

519

-519

—

617

-617

5.

Other

Capital

6149

1386

4763

6054

2609

3445

3620

3462

158

3992

4282

-290

Total Capital Account (1 to 5)

83030

60908

22122

50143

38030

12113

47108

36535

10573

55542

45524

10018

C.

Errors & Omissions

580

—

580

730

—

730

402

—

402

—

572

-572

D.

Overall Balance

198501

167080

31421

146758

129778

16980

129115

117358

11757

135222

129366

5856

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C))

E. Monetary Movements (i+ii)

—

31421

-31421

—

16980

-16980

—

11757

-11757

—

5856

-5856

i)

I.M.F.

—

—

—

—

—

—

—

—

—

—

26

-26

ii)

Foreign Exchange Reserves

—

31421

-31421

—

16980

-16980

—

11757

-11757

—

5830

-5830

(Increase - / Decrease +)

P : Preliminary PR : Partially Revised.

See ‘Notes on Tables’.

No. 43 : I NDIA'S OVERALL BALANCE OF PAYMENTS IN DOLLARS (Concld.)

(US $ million)

Items

Apr.-Jun. 2003 PR

Jul.-Sep. 2003 PR

Oct.-Dec. 2003 PR

Jan.-Mar. 2004

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

Credit

Debit

Net

1

14

15

16

17

18

19

20

21

22

23

24

25

A.

Current Account

I.

Merchandise

13312

18288

-4976

14648

18306

-3658

16434

20449

-4015

18558

22615

-4057

II.

Invisibles (a+b+c)

10544

5908

4636

12818

6888

5930

13087

5724

7363

15490

7994

7496

a)

Services

5234

3523

1711

6093

4265

1828

5902

2567

3335

10387

6577

3810

i)

Travel

635

741

-106

817

913

-96

1202

849

353

1291

1008

283

ii)

Transportation

682

549

133

787

567

220

829

593

236

902

622

280

iii)

Insurance

88

101

-13

104

116

-12

104

74

30

123

72

51

iv)

G.n.i.e.

71

64

7

68

43

25

55

54

1

49

51

-2

v)

Miscellaneous

3758

2068

1690

4317

2626

1691

3712

997

2715

8022

4824

3198

of which : Software Services

2720

176

2544

2826

76

2750

3114

122

2992

3540

176

3364

b)

Transfers

4338

119

4219

5536

37

5499

6262

24

6238

3658

170

3488

i)

Official

72

—

72

81

—

81

188

—

188

218

—

218

ii)

Private

4266

119

4147

5455

37

5418

6074

24

6050

3440

170

3270

c)

Income

972

2266

-1294

1189

2586

-1397

923

3133

-2210

1445

1247

198

i)

Investment Income

951

2259

-1308

1150

2576

-1426

899

3125

-2226

1399

1237

162

ii)

Compensation of Employees

21

7

14

39

10

29

24

8

16

46

10

36

Total Current Account (I+II)

23856

24196

-340

27466

25194

2272

29521

26173

3348

34048

30609

3439

B.

Capital Account

1.

Foreign Investment (a+b)

4809

2784

2025

6565

3611

2954

9515

4594

4921

11925

7333

4592

a)

Foreign Direct Investment (i+ii)

1027

378

649

1307

489

818

1212

401

811

1342

483

859

i)

In India

961

—

961

1268

1

1267

1183

1

1182

1265

—

1265

Equity

395

—

395

686

1

685

588

1

587

720

—

720

Reinvested Earnings

450

—

450

450

—

450

450

—

450

450

—

450

Other Capital

116

—

116

132

—

132

145

—

145

95

—

95

ii)

Abroad

66

378

-312

39

488

-449

29

400

-371

77

483

-406

Equity

66

64

2

39

174

-135

29

86

-57

77

169

-92

Reinvested Earnings

—

294

-294

—

294

-294

—

294

-294

—

294

-294

Other Capital

—

20

-20

—

20

-20

—

20

-20

—

20

-20

b)

Portfolio Investment

3782

2406

1376

5258

3122

2136

8303

4193

4110

10583

6850

3733

In India

3782

2384

1398

5258

3122

2136

8303

4193

4110

10583

6850

3733

Abroad

—

22

-22

—

—

—

—

—

—

—

—

—

2.

Loans (a+b+c)

4470

3672

798

4532

3501

1031

4746

9750

-5004

7109

6888

221

a)

External Assistance

466

806

-340

583

459

124

959

2533

-1574

1366

2237

-871

i)

By India

—

5

-5

—

1

-1

—

—

—

—

4

-4

ii)

To India

466

801

-335

583

458

125

959

2533

-1574

1366

2233

-867

b)

Commercial Borrowings (MT & LT)

915

688

227

1133

1360

-227

1188

4939

-3751

3017

1119

1898

i)

By India

—

—

—

3

—

3

—

—

—

—

—

—

ii)

To India

915

688

227

1130

1360

-230

1188

4939

-3751

3017

1119

1898

c)

Short Term To India

3089

2178

911

2816

1682

1134

2599

2278

321

2726

3532

-806

3.

Banking Capital (a+b)

5457

3527

1930

4387

4087

300

9111

5726

3385

4255

3673

582

a)

Commercial Banks

5247

3254

1993

4387

3803

584

9111

5629

3482

4130

3518

612

i)

Assets

600

497

103

1198

1762

-564

1608

678

930

1424

2223

-799

ii)

Liabilities

4647

2757

1890

3189

2041

1148

7503

4951

2552

2706

1295

1411

of which : Non-Resident Deposits

4290

2529

1761

2453

2024

429

6259

4945

1314

1307

1183

124

b)

Others

210

273

-63

—

284

-284

—

97

-97

125

155

-30

4.

Rupee Debt Service

—

301

-301

—

2

-2

—

1

-1

—

72

-72

5.

Other

Capital

1419

210

1209

1878

280

1598

1609

662

947

1243

234

1009

Total Capital Account (1 to 5)

16155

10494

5661

17362

11481

5881

24981

20733

4248

24532

18200

6332

C.

Errors & Omissions

143

—

143

439

—

439

—

302

-302

300

—

300

D.

Overall Balance

40154

34690

5464

45267

36675

8592

54502

47208

7294

58880

48809

10071

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C))

E.

Monetary Movements (i+ii)

—

5464

-5464

—

8592

-8592

—

7294

-7294