No. 44 : India's Overall Balance of Payments in US Dollars - ربی - Reserve Bank of India
No. 44 : India's Overall Balance of Payments in US Dollars
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( US $ million) |
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Items |
1990-91PR |
1995-96PR |
1996-97PR |
1997-98 |
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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 |
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I. |
MERCHANDISE |
18477 |
27915 |
-9438 |
32311 |
43670 |
-11359 |
34133 |
48948 |
-14815 |
34849 |
51126 |
-16277 |
II. |
INVISIBLES (a+b+c) |
7464 |
7706 |
-242 |
17676 |
12216 |
5460 |
21530 |
11209 |
10321 |
23040 |
13236 |
9804 |
a) |
Services |
4551 |
3571 |
980 |
7357 |
7543 |
-186 |
7599 |
6748 |
851 |
9253 |
8110 |
1143 |
i) Travel |
1456 |
392 |
1064 |
2713 |
1167 |
1546 |
2878 |
858 |
2020 |
2914 |
1437 |
1477 |
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ii) Transportation |
983 |
1093 |
-110 |
2011 |
2169 |
-158 |
1953 |
2394 |
-441 |
1796 |
2522 |
-726 |
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iii) Insurance |
111 |
88 |
23 |
179 |
143 |
36 |
217 |
153 |
64 |
234 |
183 |
51 |
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iv) G.n.i.e. |
15 |
173 |
-158 |
13 |
218 |
-205 |
72 |
178 |
-106 |
276 |
160 |
116 |
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v ) Miscellaneous |
1986 |
1825 |
161 |
2441 |
3846 |
-1405 |
2479 |
3165 |
-686 |
4033 |
3808 |
225 |
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b) |
Transfers |
2545 |
15 |
2530 |
8890 |
39 |
8851 |
12858 |
81 |
12777 |
12226 |
45 |
12181 |
vi) Official |
462 |
1 |
461 |
351 |
6 |
345 |
423 |
13 |
410 |
351 |
- |
351 |
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vii) Private |
2083 |
14 |
2069 |
8539 |
33 |
8506 |
12435 |
68 |
12367 |
11875 |
45 |
11830 |
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c) |
Income |
368 |
4120 |
-3752 |
1429 |
4634 |
-3205 |
1073 |
4380 |
-3307 |
1561 |
5081 |
-3520 |
i) Investment Income |
368 |
4120 |
-3752 |
1429 |
4634 |
-3205 |
1073 |
4380 |
-3307 |
1561 |
5018 |
-3457 |
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ii) Compensation of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
63 |
-63 |
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Total Current Account (I+II) |
25941 |
35621 |
-9680 |
49987 |
55886 |
-5899 |
55663 |
60157 |
-4494 |
57889 |
64362 |
-6473 |
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B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment |
113 |
10 |
103 |
5632 |
1028 |
4604 |
7699 |
1861 |
5838 |
8906 |
3913 |
4993 |
(a+b) |
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a) |
In India (i+ii) |
113 |
10 |
103 |
5618 |
824 |
4794 |
7691 |
1663 |
6028 |
8809 |
3779 |
5030 |
i. Direct |
107 |
10 |
97 |
2162 |
29 |
2133 |
2738 |
22 |
2716 |
3236 |
34 |
3202 |
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ii. Portfolio |
6 |
- |
6 |
3456 |
795 |
2661 |
4953 |
1641 |
3312 |
5573 |
3745 |
1828 |
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b) |
Abroad |
- |
- |
- |
14 |
204 |
-190 |
8 |
198 |
-190 |
97 |
134 |
-37 |
2. |
Loans |
9431 |
3898 |
5533 |
11332 |
9131 |
2201 |
17720 |
12925 |
4795 |
17293 |
12502 |
4791 |
(a+b+c) |
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a) |
External Assistance |
3397 |
1193 |
2204 |
2933 |
2066 |
867 |
3056 |
1955 |
1101 |
2877 |
2000 |
877 |
i) By India |
- |
6 |
-6 |
- |
16 |
-16 |
- |
8 |
-8 |
- |
22 |
-22 |
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ii) To India |
3397 |
1187 |
2210 |
2933 |
2050 |
883 |
3056 |
1947 |
1109 |
2877 |
1978 |
899 |
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b) |
Commercial Borrowings |
4282 |
2028 |
2254 |
4262 |
2977 |
1285 |
7579 |
4723 |
2856 |
7382 |
3372 |
4010 |
(MT & LT) |
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i) By India |
30 |
24 |
6 |
10 |
- |
10 |
8 |
- |
8 |
11 |
- |
11 |
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ii) To India |
4252 |
2004 |
2248 |
4252 |
2977 |
1275 |
7571 |
4723 |
2848 |
7371 |
3372 |
3999 |
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c) |
Short Term |
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To India |
1752 |
677 |
1075 |
4137 |
4088 |
49 |
7085 |
6247 |
838 |
7034 |
7130 |
-96 |
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3. |
Banking Capital |
10105 |
9423 |
682 |
6453 |
5691 |
762 |
8018 |
5789 |
2229 |
8910 |
9803 |
-893 |
(a+b) |
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a) |
Commercial Banks |
7959 |
7055 |
904 |
6172 |
5235 |
937 |
7632 |
5407 |
2225 |
8164 |
9424 |
-1260 |
i) Assets |
426 |
789 |
-363 |
867 |
1251 |
-384 |
755 |
1625 |
-870 |
580 |
2775 |
-2195 |
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ii) Liabilities |
186 |
455 |
-269 |
376 |
158 |
218 |
102 |
357 |
-255 |
52 |
242 |
-190 |
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iii) Non-Resident Deposits |
7347 |
5811 |
1536 |
4929 |
3826 |
1103 |
6775 |
3425 |
3350 |
7532 |
6407 |
1125 |
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b) |
Others |
2146 |
2368 |
-222 |
281 |
456 |
-175 |
386 |
382 |
4 |
746 |
379 |
367 |
4. |
Rupee Debt Service |
- |
1193 |
-1193 |
- |
952 |
-952 |
- |
727 |
-727 |
- |
767 |
-767 |
5. |
Other Capital |
3117 |
1186 |
1931 |
748 |
3285 |
-2537 |
2629 |
2883 |
-254 |
6263 |
2463 |
3800 |
Total Capital Account (1 to 5) |
22766 |
15710 |
7056 |
24165 |
20087 |
4078 |
36066 |
24185 |
11881 |
41372 |
29448 |
11924 |
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C. |
Errors & Omissions |
132 |
- |
132 |
600 |
- |
600 |
- |
594 |
-594 |
- |
940 |
-940 |
D. |
Overall Balance |
48839 |
51331 |
-2492 |
74752 |
75973 |
-1221 |
91729 |
84936 |
6793 |
99261 |
94750 |
4511 |
(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 (i+ii) |
3136 |
644 |
2492 |
2936 |
1715 |
1221 |
- |
6793 |
-6793 |
1571 |
6082 |
-4511 |
i) I.M.F. |
1858 |
644 |
1214 |
- |
1715 |
-1715 |
- |
975 |
-975 |
- |
618 |
-618 |
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ii) Foreign Exchange Reserves |
1278 |
- |
1278 |
2936 |
- |
2936 |
- |
5818 |
-5818 |
1571 |
5464 |
-3893 |
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(Increase - / Decrease +) |
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( US $ million) |
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Items |
January - March 1998 |
April - June 1998 |
July - September 1998 |
October - December 1998 |
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|
|
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 |
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I. |
MERCHANDISE |
8808 |
13341 |
- 4533 |
7824 |
12474 |
- 4650 |
8810 |
12238 |
- 3428 |
8241 |
11493 |
- 3252 |
II. |
INVISIBLES (a+b+c) |
5307 |
3740 |
1567 |
6306 |
3669 |
2637 |
6167 |
3811 |
2356 |
5865 |
3706 |
2159 |
a) |
Services |
2461 |
2157 |
304 |
3034 |
2754 |
280 |
3049 |
2585 |
464 |
2881 |
2366 |
515 |
i) Travel |
822 |
373 |
449 |
671 |
438 |
233 |
634 |
265 |
369 |
625 |
202 |
423 |
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ii) Transportation |
437 |
596 |
- 159 |
447 |
741 |
- 294 |
497 |
612 |
- 115 |
369 |
723 |
- 354 |
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iii) Insurance |
65 |
55 |
10 |
58 |
27 |
31 |
54 |
35 |
19 |
50 |
20 |
30 |
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iv) G.n.i.e. |
109 |
48 |
61 |
100 |
147 |
- 47 |
224 |
80 |
144 |
189 |
72 |
117 |
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v ) Miscellaneous |
1028 |
1085 |
- 57 |
1758 |
1401 |
357 |
1640 |
1593 |
47 |
1648 |
1349 |
299 |
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b) |
Transfers |
2461 |
15 |
2446 |
2730 |
19 |
2711 |
2697 |
18 |
2679 |
2527 |
16 |
2511 |
vi) Official |
78 |
- |
78 |
51 |
- |
51 |
70 |
- |
70 |
102 |
- |
102 |
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vii)Private |
2383 |
15 |
2368 |
2679 |
19 |
2660 |
2627 |
18 |
2609 |
2425 |
16 |
2409 |
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c) |
Income |
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i) Investment Income |
385 |
1535 |
- 1183 |
542 |
861 |
- 319 |
412 |
1205 |
- 793 |
439 |
1319 |
- 880 |
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ii) Compensation of Employees |
- |
33 |
- 33 |
- |
35 |
- 35 |
9 |
3 |
6 |
18 |
5 |
13 |
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Total Current Account (I+II) |
14115 |
17081 |
- 2966 |
14130 |
16143 |
- 2013 |
14977 |
16049 |
- 1072 |
14106 |
15199 |
- 1093 |
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B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment (a+b) |
1856 |
1058 |
798 |
1264 |
763 |
501 |
1188 |
982 |
206 |
1419 |
1285 |
134 |
a) |
In India |
1802 |
1027 |
775 |
1121 |
674 |
447 |
1178 |
907 |
271 |
1418 |
1253 |
165 |
i) Direct |
693 |
4 |
689 |
862 |
- |
862 |
388 |
- |
388 |
322 |
8 |
314 |
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ii) Portfolio |
1109 |
1023 |
86 |
259 |
674 |
- 415 |
790 |
907 |
- 117 |
1096 |
1245 |
- 149 |
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b) |
Abroad |
54 |
31 |
23 |
143 |
89 |
54 |
10 |
75 |
- 65 |
1 |
32 |
- 31 |
2. |
Loans (a+b+c) |
3868 |
3549 |
319 |
2784 |
3080 |
- 296 |
6864 |
3080 |
3784 |
2273 |
1982 |
291 |
a) |
External Assistance |
967 |
569 |
398 |
420 |
469 |
- 49 |
410 |
511 |
- 101 |
854 |
562 |
292 |
i) By India |
- |
2 |
- 2 |
- |
9 |
- 9 |
- |
6 |
- 6 |
- |
4 |
- 4 |
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ii) To India |
967 |
567 |
400 |
420 |
460 |
- 40 |
410 |
505 |
- 95 |
854 |
558 |
296 |
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b) |
Commercial Borrowings |
1350 |
1062 |
288 |
754 |
489 |
265 |
5073 |
733 |
4340 |
455 |
493 |
- 38 |
(MT & LT) |
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i) By India |
- |
- |
- |
- |
- |
- |
- |
- |
- |
5 |
- |
5 |
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ii) To India |
1350 |
1062 |
288 |
754 |
489 |
265 |
5073 |
733 |
4340 |
450 |
493 |
- 43 |
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c) |
Short Term |
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To India |
1551 |
1918 |
- 367 |
1610 |
2122 |
- 512 |
1381 |
1836 |
- 455 |
964 |
927 |
37 |
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3. |
Banking Capital (a+b) |
2231 |
1361 |
870 |
1231 |
2128 |
- 897 |
1289 |
1666 |
- 377 |
1773 |
1272 |
501 |
a) |
Commercial Banks |
2193 |
1321 |
872 |
891 |
2127 |
- 1236 |
1274 |
1514 |
- 240 |
1768 |
1220 |
548 |
i) Assets |
8 |
49 |
- 41 |
5 |
1246 |
- 1241 |
553 |
400 |
153 |
448 |
676 |
- 228 |
|
ii) Liabilities |
6 |
110 |
- 104 |
4 |
41 |
- 37 |
56 |
14 |
42 |
21 |
10 |
11 |
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iii) Non- Resident Deposits |
2179 |
1162 |
1017 |
882 |
840 |
42 |
665 |
1100 |
- 435 |
1299 |
534 |
765 |
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b) |
Others |
38 |
40 |
- 2 |
340 |
1 |
339 |
15 |
152 |
- 137 |
5 |
52 |
- 47 |
4. |
Rupee Debt Service |
- |
82 |
- 82 |
- |
585 |
- 585 |
- |
3 |
- 3 |
- |
58 |
- 58 |
5. |
Other Capital |
3164 |
707 |
2457 |
1568 |
200 |
1368 |
338 |
859 |
- 521 |
1099 |
240 |
859 |
Total Capital Account (1 to 5) |
11119 |
6757 |
4362 |
6847 |
6756 |
91 |
9679 |
6590 |
3089 |
6564 |
4837 |
1727 |
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C. |
Errors & Omissions |
726 |
- |
726 |
164 |
- |
164 |
- |
- 142 |
- 142 |
193 |
- |
193 |
D. |
Overall Balance |
25960 |
23838 |
2122 |
21141 |
22899 |
- 1758 |
24656 |
22781 |
1875 |
20863 |
20036 |
827 |
(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 (i+ii) |
- |
2122 |
- 2122 |
1860 |
102 |
1758 |
- |
1875 |
- 1875 |
- |
827 |
- 827 |
i) |
I.M.F. |
- |
124 |
- 124 |
- |
102 |
- 102 |
- |
97 |
- 97 |
- |
91 |
- 91 |
iii) |
Foreign Exchange Reserves |
- |
1998 |
- 1998 |
1860 |
- |
1860 |
- |
1778 |
- 1778 |
- |
736 |
- 736 |
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(Increase - / Decrease +) |
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PR : Partially Revised. |
See 'Notes on Tables'. |