41. India's Overall Balance of Payments

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41. India's Overall Balance of Payments

(US $ million)
Items		2005-06			2006-07
Items		Credit	Debit	Net	Credit	Debit	Net
1		2	3	4	5	6	7
A.	CURRENT ACCOUNT
	I. Merchandise	105,152	157,056	–51,904	128,888	190,670	–61,782
	II. Invisibles (a+b+c)	89,687	47,685	42,002	114,558	62,341	52,217
	a) Services	57,659	34,489	23,170	73,780	44,311	29,469
	i) Travel	7,853	6,638	1,215	9,123	6,684	2,439
	ii) Transportation	6,325	8,337	–2,012	7,974	8,068	–94
	iii) Insurance	1,062	1,116	–54	1,195	642	553
	iv) G.n.i.e.	314	529	–215	253	403	–150
	v) Miscellaneous	42,105	17,869	24,236	55,235	28,514	26,721
	of which
	Software Services	23,600	1,338	22,262	31,300	2,267	29,033
	Business Services	9,307	7,748	1,559	14,544	15,866	–1,322
	Financial Services	1,209	965	244	3,106	2,991	115
	Communication Services	1,575	289	1,286	2,262	796	1,466
	b) Transfers	25,620	933	24,687	31,470	1,391	30,079
	i) Official	669	475	194	635	381	254
	ii) Private	24,951	458	24,493	30,835	1,010	29,825
	c) Income	6,408	12,263	–5,855	9,308	16,639	–7,331
	i) Investment Income	6,229	11,491	–5,262	8,926	15,688	–6,762
	ii) Compensation of Employees	179	772	–593	382	951	–569
	Total Current Account (I+II)	194,839	204,741	–9,902	243,446	253,011	–9,565
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	77,298	61,770	15,528	133,210	118,457	14,753
	a) Foreign Direct Investment (i+ii)	9,178	6,144	3,034	23,590	15,897	7,693
	i) In India	8,962	61	8,901	22,826	87	22,739
	Equity	5,976	61	5,915	16,481	87	16,394
	Reinvested Earnings	2,760	—	2,760	5,828	—	5,828
	Other Capital	226	—	226	517	—	517
	ii) Abroad	216	6,083	–5,867	764	15,810	–15,046
	Equity	216	3,982	–3,766	764	13,368	–12,604
	Reinvested Earnings	—	1,092	–1,092	—	1,076	–1,076
	Other Capital	—	1,009	–1,009	—	1,366	–1,366
	b) Portfolio Investment	68,120	55,626	12,494	109,620	102,560	7,060
	i) In India	68,120	55,626	12,494	109,534	102,530	7,004
	of which
	FIIs	65,552	55,626	9,926	105,756	102,530	3,226
	GDRs/ADRs	2,552	—	2,552	3,776	—	3,776
	ii) Abroad	—	—	—	86	30	56
	2. Loans (a+b+c)	39,479	31,570	7,909	54,642	30,152	24,490
	a) External Assistance	3,631	1,929	1,702	3,767	1,992	1,775
	i) By India	24	88	–64	20	32	–12
	ii) To India	3,607	1,841	1,766	3,747	1,960	1,787
	b) Commercial Borrowings	14,343	11,835	2,508	20,883	4,780	16,103
	i) By India	—	251	–251	626	966	–340
	ii) To India	14,343	11,584	2,759	20,257	3,814	16,443
	c) Short Term To India	21,505	17,806	3,699	29,992	23,380	6,612
	i) Suppliers’ Credit >180 days & Buyers’ Credit	19,372	17,647	1,725	25,482	22,175	3,307
	ii) Suppliers’ Credit up to 180 days	2,133	159	1,974	4,510	1,205	3,305
	3. Banking Capital (a+b)	21,658	20,285	1,373	37,209	35,296	1,913
	a) Commercial Banks	20,586	20,144	442	36,799	35,218	1,581
	i) Assets	772	3,947	–3,175	14,466	17,960	–3,494
	ii) Liabilities	19,814	16,197	3,617	22,333	17,258	5,075
	of which: Non-Resident Deposits	17,835	15,046	2,789	19,914	15,593	4,321
	b) Others	1,072	141	931	410	78	332
	4. Rupee Debt Service	—	572	–572	—	162	–162
	5. Other Capital	5,941	4,709	1,232	8,230	4,021	4,209
	Total Capital Account (1 to 5)	144,376	118,906	25,470	233,291	188,088	45,203
C.	ERRORS & OMISSIONS	—	516	–516	968	—	968
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	339,215	324,163	15,052	477,705	441,099	36,606
E.	MONETARY MOVEMENTS (i+ii)	—	15,052	–15,052	—	36,606	–36,606
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	15,052	–15,052	—	36,606	–36,606
P : Preliminary. PR : Partially Revised.

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
		2007-08			2008-09 PR
Items		Credit	Debit	Net	Credit	Debit	Net
1		8	9	10	11	12	13
A.	CURRENT ACCOUNT
	I. Merchandise	166,162	257,629	–91,467	189,001	307,651	–118,650
	II. Invisibles (a+b+c)	148,875	73,144	75,731	163,534	73,612	89,923
	a) Services	90,342	51,490	38,853	101,678	52,047	49,631
	i) Travel	11,349	9,258	2,091	10,894	9,425	1,469
	ii) Transportation	10,014	11,514	–1,500	11,286	12,820	–1,534
	iii) Insurance	1,639	1,044	595	1,419	1,130	289
	iv) G.n.i.e.	331	376	–45	389	793	–404
	v) Miscellaneous	67,010	29,298	37,712	77,691	27,879	49,812
	of which
	Software Services	40,300	3,358	36,942	46,300	2,814	43,486
	Business Services	16,772	16,553	219	16,445	15,435	1,010
	Financial Services	3,217	3,133	84	3,948	2,958	990
	Communication Services	2,408	860	1,548	2,172	1,087	1,084
	b) Transfers	44,261	2,316	41,945	47,547	2,749	44,798
	i) Official	753	514	239	645	413	232
	ii) Private	43,508	1,802	41,706	46,903	2,336	44,567
	c) Income	14,272	19,339	–5,068	14,309	18,816	–4,507
	i) Investment Income	13,811	18,244	–4,433	13,483	17,506	–4,023
	ii) Compensation of Employees	461	1,095	–635	825	1,309	–484
	Total Current Account (I+II)	315,037	330,774	–15,737	352,535	381,263	–28,728
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	271,122	227,796	43,326	164,915	161,448	3,467
	a) Foreign Direct Investment (i+ii)	37,321	21,429	15,893	36,261	18,763	17,498
	i) In India	34,844	116	34,728	35,158	166	34,992
	Equity	26,865	108	26,757	27,973	166	27,807
	Reinvested Earnings	7,679	—	7,679	6,428	—	6,428
	Other Capital	300	8	292	757	—	757
	ii) Abroad	2,477	21,312	–18,835	1,103	18,597	–17,495
	Equity	2,477	16,899	–14,422	1,103	14,669	–13,566
	Reinvested Earnings	—	1,084	–1,084	—	1,084	–1,084
	Other Capital	—	3,330	–3,330	—	2,844	–2,844
	b) Portfolio Investment	233,800	206,367	27,433	128,654	142,685	–14,030
	i) In India	233,564	206,294	27,270	128,512	142,365	–13,853
	of which
	FIIs	226,621	206,294	20,327	127,349	142,366	–15,017
	GDRs/ADRs	6,645	—	6,645	1,162	—	1,162
	ii) Abroad	236	73	163	142	319	–177
	2. Loans (a+b+c)	82,192	41,539	40,653	62,126	53,458	8,669
	a) External Assistance	4,241	2,126	2,114	5,041	2,405	2,637
	i) By India	23	28	–4	23	33	–10
	ii) To India	4,217	2,098	2,119	5,018	2,371	2,647
	b) Commercial Borrowings	30,293	7,684	22,609	15,244	7,303	7,941
	i) By India	1,593	1,624	–31	1,997	783	1,214
	ii) To India	28,700	6,060	22,640	13,248	6,521	6,727
	c) Short Term To India	47,658	31,729	15,930	41,841	43,750	–1,909
	i) Suppliers’ Credit >180 days & Buyers’ Credit	42,641	31,729	10,913	38,815	38,352	463
	ii) Suppliers’ Credit up to 180 days	5,017	—	5,017	3,026	5,398	–2,372
	3. Banking Capital (a+b)	55,814	44,055	11,759	65,207	68,453	–3,245
	a) Commercial Banks	55,735	43,623	12,112	65,094	67,868	–2,774
	i) Assets	19,562	12,668	6,894	25,823	28,725	–2,902
	ii) Liabilities	36,173	30,955	5,217	39,270	39,142	128
	of which: Non-Resident Deposits	29,400	29,222	179	37,147	32,858	4,290
	b) Others	79	432	–353	114	585	–471
	4. Rupee Debt Service	—	122	–122	—	100	–100
	5. Other Capital	29,229	18,261	10,969	20,179	21,723	–1,545
	Total Capital Account (1 to 5)	438,357	331,772	106,585	312,427	305,181	7,246
C.	ERRORS & OMISSIONS	1,316	—	1,316	1,402	—	1,402
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	754,710	662,546	92,164	666,364	686,444	–20,080
E.	MONETARY MOVEMENTS (i+ii)	—	92,164	–92,164	20,080	—	20,080
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	92,164	–92,164	20,080	—	20,080

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Apr-Jun 2006			Jul-Sep 2006
Items		Credit	Debit	Net	Credit	Debit	Net
1		14	15	16	17	18	19
A.	CURRENT ACCOUNT
	I. Merchandise	29,663	46,613	–16,950	32,701	48,717	–16,016
	II. Invisibles (a+b+c)	24,934	12,421	12,513	24,866	14,597	10,269
	a) Services	16,042	8,475	7,567	16,416	9,966	6,450
	i) Travel	1,708	1,488	220	1,796	1,811	–15
	ii) Transportation	1,715	1,997	–282	1,973	1,978	–5
	iii) Insurance	238	129	109	315	154	161
	iv) G.n.i.e.	40	79	–39	61	122	–61
	v) Miscellaneous	12,341	4,782	7,559	12,271	5,901	6,370
	of which
	Software Services	7,039	415	6,624	7,121	405	6,716
	Business Services	3,386	2,646	740	3,436	3,300	136
	Financial Services	509	318	191	716	703	13
	Communication Services	475	108	367	569	180	389
	b) Transfers	7,170	289	6,881	6,218	361	5,857
	i) Official	69	82	–13	119	100	19
	ii) Private	7,101	207	6,894	6,099	261	5,838
	c) Income	1,722	3,657	–1,935	2,232	4,270	–2,038
	i) Investment Income	1,659	3,461	–1,802	2,160	4,042	–1,882
	ii) Compensation of Employees	63	196	–133	72	228	–156
	Total Current Account (I+II)	54,597	59,034	–4,437	57,567	63,314	–5,747
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	34,299	33,067	1,232	22,485	18,219	4,266
	a) Foreign Direct Investment (i+ii)	3,477	1,739	1,738	4,545	2,429	2,116
	i) In India	3,413	8	3,405	4,400	2	4,398
	Equity	1,946	8	1,938	2,886	2	2,884
	Reinvested Earnings	1,457	—	1,457	1,457	—	1,457
	Other Capital	10	—	10	57	—	57
	ii) Abroad	64	1,731	–1,667	145	2,427	–2,282
	Equity	64	1,189	–1,125	145	1,868	–1,723
	Reinvested Earnings	—	269	–269	—	269	–269
	Other Capital	—	273	–273	—	290	–290
	b) Portfolio Investment	30,822	31,328	–506	17,940	15,790	2,150
	i) In India	30,801	31,327	–526	17,929	15,789	2,140
	of which
	FIIs	29,540	31,327	–1,787	17,469	15,789	1,680
	GDRs/ADRs	1,261	—	1261	460	—	460
	ii) Abroad	21	1	20	11	1	10
	2. Loans (a+b+c)	11,499	6,288	5,211	11,228	6,446	4,782
	a) External Assistance	577	526	51	788	449	339
	i) By India	5	8	–3	5	8	–3
	ii) To India	572	518	54	783	441	342
	b) Commercial Borrowings	5,051	1,073	3,978	2,680	920	1,760
	i) By India	87	223	–136	114	170	–56
	ii) To India	4,964	850	4,114	2,566	750	1,816
	c) Short Term To India	5,871	4,689	1,182	7,760	5,077	2,683
	i) Suppliers’ Credit >180 days & Buyers’ Credit	5,082	4,689	393	6,579	5,077	1,502
	ii) Suppliers’ Credit up to 180 days	789	—	789	1,181	—	1,181
	3. Banking Capital (a+b)	9,909	4,848	5,061	5,754	7,472	–1,718
	a) Commercial Banks	9,837	4,848	4,989	5,754	7,428	–1,674
	i) Assets	5,257	1,877	3,380	1,568	3,553	–1,985
	ii) Liabilities	4,580	2,971	1,609	4,186	3,875	311
	of which: Non-Resident Deposits	4,246	2,944	1,302	4,185	3,277	908
	b) Others	72	—	72	—	44	–44
	4. Rupee Debt Service	—	67	–67	—	—	—
	5. Other Capital	342	1,054	–712	1,084	554	530
	Total Capital Account (1 to 5)	56,049	45,324	10,725	40,551	32,691	7,860
C.	ERRORS & OMISSIONS	91	—	91	157	—	157
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	110,737	104,358	6,379	98,275	96,005	2,270
E.	MONETARY MOVEMENTS (i+ii)	—	6,379	–6,379	—	2,270	–2,270
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase — / Decrease +)	—	6,379	–6,379	—	2,270	–2,270

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Oct-Dec 2006			Jan-Mar 2007
Items		Credit	Debit	Net	Credit	Debit	Net
1		20	21	22	23	24	25
A.	CURRENT ACCOUNT
	I. Merchandise	30,824	47,257	–16,433	35,700	48,083	–12,383
	II. Invisibles (a+b+c)	29,704	16,875	12,829	35,054	18,448	16,606
	a) Services	18,451	12,371	6,080	22,871	13,499	9,372
	i) Travel	2,621	1,638	983	2,998	1,747	1,251
	ii) Transportation	2,092	2,102	–10	2,194	1,991	203
	iii) Insurance	288	201	87	354	158	196
	iv) G.n.i.e.	87	97	–10	65	105	–40
	v) Miscellaneous	13,363	8,333	5,030	17,260	9,498	7,762
	of which
	Software Services	7,602	684	6,918	9,538	763	8,775
	Business Services	3,690	4,267	–577	4,032	5,653	–1,621
	Financial Services	828	647	181	1,053	1,323	–270
	Communication Services	597	239	358	621	269	352
	b) Transfers	8,961	333	8,628	9,121	408	8,713
	i) Official	287	89	198	160	110	50
	ii) Private	8,674	244	8,430	8,961	298	8,663
	c) Income	2,292	4,171	–1,879	3,062	4,541	–1,479
	i) Investment Income	2,193	3,936	–1,743	2,914	4,249	–1,335
	ii) Compensation of Employees	99	235	–136	148	292	–144
	Total Current Account (I+II)	60,528	64,132	–3,604	70,754	66,531	4,223
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	38,646	32,179	6,467	37,780	34,992	2,788
	a) Foreign Direct Investment (i+ii)	10,008	7,110	2,898	5,560	4,619	941
	i) In India	9,855	7	9,848	5,158	70	5,088
	Equity	8,203	7	8,196	3,446	70	3,376
	Reinvested Earnings	1,457	—	1,457	1,457	—	1,457
	Other Capital	195	—	195	255	—	255
	ii) Abroad	153	7,103	–6,950	402	4,549	–4,147
	Equity	153	6,454	–6,301	402	3,857	–3,455
	Reinvested Earnings	—	269	–269	—	269	–269
	Other Capital	—	380	–380	—	423	–423
	b) Portfolio Investment	28,638	25,069	3,569	32,220	30,373	1,847
	i) In India	28,625	25,063	3,562	32,179	30,351	1,828
	of which
	FIIs	28418	25063	3355	30329	30351	–22
	GDRs/ADRs	207	—	207	1848	—	1848
	ii) Abroad	13	6	7	41	22	19
	2. Loans (a+b+c)	14,731	8,250	6,481	17,184	9,168	8,016
	a) External Assistance	1,113	494	619	1,289	523	766
	i) By India	5	8	–3	5	8	–3
	ii) To India	1,108	486	622	1,284	515	769
	b) Commercial Borrowings	5,418	1,369	4,049	7,734	1,418	6,316
	i) By India	425	345	80	—	228	–228
	ii) To India	4,993	1,024	3,969	7,734	1,190	6,544
	c) Short Term To India	8,200	6,387	1,813	8,161	7,227	934
	i) Suppliers’ Credit >180 days & Buyers’ Credit	5,660	6,387	–727	8,161	6,022	2,139
	ii) Suppliers’ Credit up to 180 days	2,540	—	2,540	—	1,205	-1,205
	3. Banking Capital (a+b)	7,160	10,273	–3,113	14,386	12,703	1,683
	a) Commercial Banks	6,944	10,239	–3,295	14,264	12,703	1,561
	i) Assets	556	4,530	–3,974	7,085	8,000	–915
	ii) Liabilities	6,388	5,709	679	7,179	4,703	2,476
	of which: Non-Resident Deposits	6,325	4,862	1,463	5,158	4,510	648
	b) Others	216	34	182	122	—	122
	4. Rupee Debt Service	—	2	–2	—	93	–93
	5. Other Capital	1,976	994	982	4,828	1,419	3,409
	Total Capital Account (1 to 5)	62,513	51,698	10,815	74,178	58,375	15,803
C.	ERRORS & OMISSIONS	294	—	294	426	—	426
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	123,335	115,830	7,505	145,358	124,906	20,452
E.	MONETARY MOVEMENTS (i+ii)	—	7,505	–7,505	—	20,452	–20,452
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	7,505	–7,505	—	20,452	–20,452

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Apr-Jun 2007			Jul-Sep 2007
Items		Credit	Debit	Net	Credit	Debit	Net
		26	27	28	29	30	31
A.	CURRENT ACCOUNT
	I. Merchandise	36,601	56,348	–19,747	38,429	59,904	–21,475
	II. Invisibles (a+b+c)	29,921	14,706	15,215	34,442	17,224	17,218
	a) Services	18,931	9,926	9,006	21,016	11,598	9,418
	i) Travel	2,088	1,906	182	2,248	2,047	201
	ii) Transportation	1,953	2,526	–573	2,091	2,559	–468
	iii) Insurance	373	185	188	341	284	57
	iv) G.n.i.e.	94	110	–16	68	128	–60
	v) Miscellaneous	14,424	5,199	9,225	16,267	6,580	9,687
	of which
	Software Services	8,836	679	8,157	9,050	801	8,248
	Business Services	3,758	3,222	536	3,894	3,537	357
	Financial Services	528	449	79	916	702	215
	Communication Services	513	231	282	613	180	433
	b) Transfers	8,628	432	8,196	9,708	408	9,300
	i) Official	153	165	–11	158	112	46
	ii) Private	8,475	267	8,208	9,550	296	9,254
	c) Income	2,362	4,349	–1,987	3,718	5,218	–1,500
	i) Investment Income	2,279	4,151	–1,871	3,608	4,920	–1,312
	ii) Compensation of Employees	83	198	–116	110	298	–188
	Total Current Account (I+II)	66,523	71,054	–4,532	72,871	77,128	–4,257
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	43,173	32,757	10,416	54,343	41,177	13,166
	a) Foreign Direct Investment (i+ii)	8,409	5,535	2,874	5,640	3,374	2,266
	i) In India	7,616	20	7,595	4,865	19	4,847
	Equity	5,574	20	5,553	2,822	19	2,803
	Reinvested Earnings	1,920	—	1,920	1,920	—	1,920
	Other Capital	122	—	122	124	—	124
	ii) Abroad	793	5,514	–4,721	774	3,355	–2,581
	Equity	793	4,758	–3,965	774	2,515	–1,741
	Reinvested Earnings	0	271	–271	—	271	–271
	Other Capital	0	485	–485	—	569	–569
	b) Portfolio Investment	34,764	27,222	7,542	48,704	37,803	10,900
	i) In India	34,706	27,216	7,490	48,698	37,781	10,918
	of which
	FIIs	34,305	27,216	7,089	46,199	37,781	8,418
	GDRs/ADRs	316	—	316	2,477	—	2,477
	ii) Abroad	58	6	52	5	23	–17
	2. Loans (a+b+c)	16,740	7,593	9,147	20,008	10,428	9,580
	a) External Assistance	731	491	241	983	515	468
	i) By India	6	7	–1	6	7	–1
	ii) To India	726	484	242	977	508	469
	b) Commercial Borrowings	8,282	1,338	6,944	6,288	2,071	4,217
	i) By India	359	345	14	443	503	–60
	ii) To India	7,923	993	6,930	5,845	1,568	4,277
	c) Short Term To India	7,726	5,764	1,962	12,737	7,842	4,895
	i) Suppliers’ Credit >180 days & Buyers’ Credit	6,883	5,764	1,119	11,012	7,842	3,170
	ii) Suppliers’ Credit up to 180 days	843	—	843	1,725	—	1,725
	3. Banking Capital (a+b)	8,561	9,479	–918	13,714	7,070	6,643
	a) Commercial Banks	8,561	9,473	–913	13,690	7,000	6,690
	i) Assets	2,543	2,861	–318	4,404	358	4,046
	ii) Liabilities	6,017	6,612	–595	9,286	6,642	2,645
	of which: Non-Resident Deposits	5,252	5,699	–447	6,975	6,606	369
	b) Others	—	6	–6	24	71	–47
	4. Rupee Debt Service	—	43	–43	—	2	–2
	5. Other Capital	2,822	5,726	–2,904	9,025	5,188	3,837
	Total Capital Account (1 to 5)	71,296	55,598	15,698	97,090	63,866	33,224
C.	ERRORS & OMISSIONS	34	—	34	269	—	269
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	137,852	126,652	11,200	170,230	140,994	29,236
E.	MONETARY MOVEMENTS (i+ii)	—	11,200	–11,200	—	29,236	–29,236
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	11,200	–11,200	—	29,236	–29,236

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Oct-Dec 2007			Jan-Mar 2008
Items		Credit	Debit	Net	Credit	Debit	Net
1		32	33	34	35	36	37
A.	CURRENT ACCOUNT
	I. Merchandise	43,054	67,294	–24,241	48,079	74,084	–26,005
	II. Invisibles (a+b+c)	39,044	18,314	20,730	45,468	22,901	22,567
	a) Services	24,109	12,763	11,346	26,286	17,203	9,083
	i) Travel	3,395	2,519	876	3,618	2,786	832
	ii) Transportation	2,799	3,043	–245	3,171	3,386	–215
	iii) Insurance	438	261	177	487	314	173
	iv) G.n.i.e.	90	75	16	78	63	15
	v) Miscellaneous	17,387	6,865	10,522	18,932	10,654	8,278
	of which
	Software Services	9,608	852	8,757	12,806	1,026	11,780
	Business Services	4,588	4,245	343	4,532	5,549	–1,016
	Financial Services	882	763	119	891	1,219	–328
	Communication Services	601	183	418	681	265	416
	b) Transfers	11,427	493	10,934	14,498	982	13,515
	i) Official	195	121	73	247	116	131
	ii) Private	11,233	372	10,861	14,251	866	13,384
	c) Income	3,508	5,058	–1,550	4,684	4,715	–31
	i) Investment Income	3,401	4,791	–1,390	4,523	4,383	140
	ii) Compensation of Employees	106	267	–160	161	333	–171
	Total Current Account (I+II)	82,097	85,607	–3,511	93,546	96,984	–3,438
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	84,486	69,639	14,847	89,119	84,222	4,897
	a) Foreign Direct Investment (i+ii)	8,396	6,275	2,120	14,877	6,245	8,633
	i) In India	7,996	43	7,953	14,367	34	14,334
	Equity	6,022	43	5,978	12,448	26	12,422
	Reinvested Earnings	1,920	—	1,920	1,920	—	1,920
	Other Capital	54	—	54	—	8	–8
	ii) Abroad	400	6,232	–5,832	510	6,211	–5,701
	Equity	400	5,206	–4,806	510	4,419	–3,909
	Reinvested Earnings	—	271	–271	—	271	–271
	Other Capital	—	755	–755	—	1,521	–1,521
	b) Portfolio Investment	76,090	63,364	12,727	74,242	77,978	–3,736
	i) In India	75,972	63,345	12,627	74,188	77,952	–3,764
	of which
	FIIs	72,309	63,345	8,964	73,808	77,952	–4,144
	GDRs/ADRs	3,473		3,473	379	—	379
	ii) Abroad	119	19	100	54	26	28
	2. Loans (a+b+c)	20,657	10,587	10,070	24,787	12,931	11,856
	a) External Assistance	1,109	544	565	1,417	577	840
	i) By India	6	7	–1	6	7	–1
	ii) To India	1,103	537	566	1,411	570	841
	b) Commercial Borrowings	8,427	2,187	6,240	7,296	2,088	5,209
	i) By India	363	384	–21	427	392	35
	ii) To India	8,064	1,803	6,261	6,869	1,696	5,173
	c) Short Term To India	11,121	7,855	3,266	16,074	10,267	5,807
	i) Suppliers’ Credit >180 days & Buyers’ Credit	10,231	7,855	2,376	14,515	10,267	4,248
	ii) Suppliers’ Credit up to 180 days	890	—	890	1,559	—	1,559
	3. Banking Capital (a+b)	12,588	12,381	207	20,951	15,124	5,827
	a) Commercial Banks	12,586	12,029	557	20,899	15,121	5,777
	i) Assets	5,636	3,939	1,698	6,979	5,510	1,469
	ii) Liabilities	6,949	8,090	–1,141	13,920	9,612	4,308
	of which: Non-Resident Deposits	6,456	7,309	–853	10,718	9,608	1,110
	b) Others	3	352	–350	52	3	49
	4. Rupee Debt Service	—	—	—	—	76	–76
	5. Other Capital	9,407	4,892	4,515	7,976	2,455	5,521
	Total Capital Account (1 to 5)	127,138	97,499	29,639	142,833	114,809	28,024
C.	ERRORS & OMISSIONS	609	—	609	405	—	405
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	209,844	183,106	26,738	236,783	211,794	24,990
E.	MONETARY MOVEMENTS (i+ii)	—	26,738	–26,738	—	24,990	–24,990
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	26,738	–26,738	—	24,990	–24,990

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Apr-Jun 2008 PR			Jul-Sep 2008 PR
Items		Credit	Debit	Net	Credit	Debit	Net
1		38	39	40	41	42	43
A.	CURRENT ACCOUNT
	I. Merchandise	57,454	82,731	–25,277	53,630	92,752	–39,121
	II. Invisibles (a+b+c)	39,424	17,421	22,003	45,843	19,297	26,546
	a) Services	23,054	12,344	10,710	27,925	13,525	14,400
	i) Travel	2,504	2,164	341	2,786	2,711	75
	ii) Transportation	2,615	3,328	–713	3,041	3,751	–710
	iii) Insurance	350	227	123	377	306	71
	iv) G.n.i.e.	130	110	19	81	95	–14
	v) Miscellaneous	17,455	6,515	10,940	21,640	6,662	14,978
	of which
	Software Services	12,081	844	11,237	12,120	935	11,185
	Business Services	3,564	3,217	346	4,846	4,034	812
	Financial Services	615	620	–5	1,673	966	707
	Communication Services	510	227	284	740	296	444
	b) Transfers	12,797	654	12,143	13,773	831	12,942
	i) Official	148	107	40	51	97	–46
	ii) Private	12,649	547	12,102	13,722	734	12,988
	c) Income	3,573	4,422	–849	4,145	4,941	–796
	i) Investment Income	3,418	4,094	–676	3,855	4,610	–755
	ii) Compensation of Employees	155	328	–174	290	331	–41
	Total Current Account (I+II)	96,878	100,152	–3,274	99,474	112,049	–12,575
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	52,901	48,144	4,757	51,777	48,185	3,591
	a) Foreign Direct Investment (i+ii)	12,134	3,170	8,964	9,146	4,244	4,903
	i) In India	11,898	21	11,876	8,831	52	8,778
	Equity	10,240	21	10,218	7,304	52	7,251
	Reinvested Earnings	1,492	—	1,492	1,492	—	1,492
	Other Capital	166	—	166	35	—	35
	ii) Abroad	236	3,148	–2,912	316	4,191	–3,876
	Equity	236	2,346	–2,111	316	3,426	–3,111
	Reinvested Earnings	—	271	–271	—	271	–271
	Other Capital	—	531	–531	—	494	–494
	b) Portfolio Investment	40,768	44,975	–4,207	42,630	43,942	–1,311
	i) In India	40,745	44,923	–4,177	42,618	43,919	–1,302
	of which
	FIIs	39,746	44,923	–5,177	42,482	43,919	–1,437
	GDRs/ADRs	999	—	999	136	—	136
	ii) Abroad	22	52	–29	13	22	–10
	2. Loans (a+b+c)	15,952	9,618	6,333	16,276	13,669	2,607
	a) External Assistance	909	559	351	1,095	577	518
	i) By India	6	8	–2	6	8	–2
	ii) To India	903	550	353	1,089	569	521
	b) Commercial Borrowings	2,760	1,281	1,479	3,572	1,885	1,687
	i) By India	403	190	213	532	138	393
	ii) To India	2,357	1,090	1,267	3,040	1,747	1,294
	c) Short Term To India	12,282	7,779	4,503	11,609	11,207	402
	i) Suppliers’ Credit >180 days & Buyers’ Credit	9,256	7,779	1,477	11,609	9,766	1,843
	ii) Suppliers’ Credit up to 180 days	3,026	—	3,026	—	1,441	–1,441
	3. Banking Capital (a+b)	21,987	19,291	2,696	16,360	14,086	2,275
	a) Commercial Banks	21,987	19,140	2,847	16,360	14,083	2,277
	i) Assets	11,457	10,533	924	6,596	5,154	1,442
	ii) Liabilities	10,530	8,607	1,923	9,764	8,929	835
	of which: Non-Resident Deposits	9,098	8,284	814	9,176	8,917	259
	b) Others	—	151	–151	—	3	–3
	4. Rupee Debt Service	—	30	–30	—	3	–3
	5. Other Capital	3,559	12,463	–8,904	5,595	6,967	–1,372
	Total Capital Account (1 to 5)	94,399	89,546	4,853	90,008	82,909	7,099
C.	ERRORS & OMISSIONS	656	—	656	742	—	742
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	191,933	189,698	2,235	190,224	194,958	–4,734
E.	MONETARY MOVEMENTS (i+ii)	—	2,235	–2,235	4,734	—	4,734
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	2,235	–2,235	4,734	—	4,734

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Oct-Dec 2008 PR			Jan-Mar 2009 PR
Items		Credit	Debit	Net	Credit	Debit	Net
1		44	45	46	47	48	49
A.	CURRENT ACCOUNT
	I. Merchandise	39,436	73,484	–34,049	38,481	58,685	–20,204
	II. Invisibles (a+b+c)	41,139	18,757	22,381	37,128	18,137	18,992
	a) Services	26,950	13,099	13,851	23,749	13,078	10,670
	i) Travel	2,924	1,946	979	2,680	2,606	74
	ii) Transportation	2,713	3,241	–528	2,916	2,499	416
	iii) Insurance	344	268	77	348	329	18
	iv) G.n.i.e.	97	233	–136	81	355	–273
	v) Miscellaneous	20,872	7,412	13,460	17,724	7,289	10,435
	of which
	Software Services	11,274	580	10,694	10,825	455	10,370
	Business Services	4,185	3,568	618	3,850	4,616	–766
	Financial Services	889	740	150	771	633	138
	Communication Services	493	257	236	429	308	121
	b) Transfers	10,997	845	10,151	9,980	419	9,562
	i) Official	285	98	187	161	111	50
	ii) Private	10,712	748	9,964	9,820	308	9,512
	c) Income	3,192	4,813	–1,621	3,399	4,640	–1,240
	i) Investment Income	3,000	4,475	–1,475	3,210	4,328	–1,118
	ii) Compensation of Employees	192	338	–146	189	312	–123
	Total Current Account (I+II)	80,574	92,241	–11,668	75,609	76,821	–1,212
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	33,164	38,539	–5,374	27,073	26,580	493
	a) Foreign Direct Investment (i+ii)	6,567	6,121	446	8,414	5,229	3,185
	i) In India	6,356	29	6,327	8,073	63	8,010
	Equity	4,109	29	4,080	6,322	63	6,259
	Reinvested Earnings	1,721	—	1,721	1,721	—	1,721
	Other Capital	526	—	526	31	—	31
	ii) Abroad	210	6,092	–5,881	341	5,166	–4,825
	Equity	210	4,489	–4,279	341	4,407	–4,066
	Reinvested Earnings	—	271	–271	—	271	–271
	Other Capital	—	1,331	–1,331	—	488	–488
	b) Portfolio Investment	26,598	32,418	–5,820	18,658	21,350	–2,692
	i) In India	26,568	32,355	–5,786	18,580	21,169	–2,588
	of which
	FIIs	26,561	32,355	–5,794	18,560	21,169	–2,609
	GDRs/ADRs	7	—	7	20	—	20
	ii) Abroad	29	63	–34	78	182	–104
	2. Loans (a+b+c)	15,795	15,247	548	14,104	14,924	–820
	a) External Assistance	1,654	663	992	1,383	606	777
	i) By India	6	8	–2	6	8	–2
	ii) To India	1,649	655	994	1,377	598	779
	b) Commercial Borrowings	5,426	1,648	3,778	3,487	2,490	997
	i) By India	662	148	514	399	306	93
	ii) To India	4,763	1,500	3,263	3,087	2,184	904
	c) Short Term To India	8,715	12,936	–4,221	9,234	11,828	–2,594
	i) Suppliers’ Credit >180 days & Buyers’ Credit	8,715	10,357	–1,642	9,234	10,450	–1,216
	ii) Suppliers’ Credit up to 180 days	—	2,579	–2,579	—	1,378	–1,378
	3. Banking Capital (a+b)	14,830	19,786	–4,956	12,030	15,290	–3,260
	a) Commercial Banks	14,827	19,355	–4,528	11,919	15,290	–3,371
	i) Assets	5,192	7,541	–2,349	2,578	5,498	–2,920
	ii) Liabilities	9,636	11,814	–2,178	9,341	9,792	–451
	of which: Non-Resident Deposits	9,543	8,501	1,042	9,331	7,155	2,176
	b) Others	2	431	–429	111	—	111
	4. Rupee Debt Service	—	—	—	—	68	–68
	5. Other Capital	4,861	1,193	3,668	6,164	1,101	5,063
	Total Capital Account (1 to 5)	68,650	74,764	–6,114	59,370	57,962	1,408
C.	ERRORS & OMISSIONS	—	100	–100	104	—	104
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	149,224	167,105	–17,881	135,083	134,783	300
E.	MONETARY MOVEMENTS (i+ii)	17,881	—	17,881	—	300	–300
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	17,881	—	17,881	—	300	–300

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Apr-June 2009 PR			July-Sept 2009 PR
Items		Credit	Debit	Net	Credit	Debit	Net
1		50	51	52	53	54	55
A.	CURRENT ACCOUNT
	I. Merchandise	37,910	64,804	-26,894	41,915	73,810	-31,895
	II. Invisibles (a+b+c)	36,946	16,412	20,534	39,894	19,939	19,955
	a) Services	20,652	10,963	9,689	20,877	13,647	7,230
	i) Travel	2,297	2,004	293	2,530	2,393	137
	ii) Transportation	2,490	2,777	-287	2,566	2,221	345
	iii) Insurance	387	314	73	384	341	43
	iv) G.n.i.e.	100	103	-3	100	130	-30
	v) Miscellaneous	15,378	5,765	9,613	15,297	8,562	6,735
	of which
	Software Services	11,004	391	10,613	10,882	438	10,444
	Business Services	2,586	3,872	-1,286	2,504	4,620	-2,116
	Financial Services	1,116	928	188	732	1,135	-403
	Communication Services	418	312	106	307	313	-6
	b) Transfers	13,344	470	12,874	14,268	568	13,700
	i) Official	46	110	-64	51	108	-57
	ii) Private	13,298	360	12,938	14,217	460	13,757
	c) Income	2,950	4,979	-2,029	4,749	5,724	-975
	i) Investment Income	2,723	4,641	-1,918	4,544	5,367	-823
	ii) Compensation of Employees	227	338	-111	205	357	-152
	Total Current Account (I+II)	74,856	81,216	-6,360	81,809	93,749	-11,940
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	48,388	34,033	14,355	55,825	39,619	16,206
	a) Foreign Direct Investment (i+ii)	9,763	3,676	6,087	11,465	4,936	6,529
	i) In India	9,638	926	8,712	11,370	632	10,738
	Equity	7,290	900	6,390	8,620	597	8,023
	Reinvested Earnings	1,986	0	1,986	1,986	0	1,986
	Other Capital	362	26	336	764	35	729
	ii) Abroad	125	2,750	-2,625	95	4,304	-4,209
	Equity	125	2,053	-1,928	95	2,614	-2,519
	Reinvested Earnings	0	271	-271	0	271	-271
	Other Capital	0	426	-426	0	1,419	-1,419
	b) Portfolio Investment	38,625	30,357	8,268	44,360	34,683	9,677
	i) In India	38,602	30,332	8,270	44,356	34,655	9,701
	of which
	FIIs	38,559	30,332	8,227	41,693	34,655	7,038
	GDRs/ADRs	43	—	43	2,664	—	2,664
	ii) Abroad	23	25	-2	4	28	-24
	2. Loans (a+b+c)	12,922	14,746	-1,824	16,028	13,474	2,554
	a) External Assistance	821	725	96	1,237	738	499
	i) By India	13	105	-92	13	105	-92
	ii) To India	808	620	188	1,224	633	591
	b) Commercial Borrowings	1,975	2,432	-457	3,224	2,015	1,209
	i) By India	244	333	-89	206	215	-9
	ii) To India	1,731	2,099	-368	3,018	1,800	1,218
	c) Short Term To India	10,126	11,589	-1,463	11,567	10,721	846
	i) Suppliers’ Credit >180 days & Buyers’ Credit	10,126	9,590	536	10,994	10,721	273
	ii) Suppliers’ Credit up to 180 days	—	1,999	-1,999	573	—	573
	3. Banking Capital (a+b)	15,577	18,943	-3,366	16,543	12,121	4,422
	a) Commercial Banks	15,577	18,704	-3,127	16,543	11,989	4,554
	i) Assets	4,368	6,946	-2,578	6,131	1,730	4,401
	ii) Liabilities	11,209	11,758	-549	10,412	10,259	153
	of which: Non-Resident Deposits	11,172	9,354	1,818	10,342	9,295	1,047
	b) Others	—	239	-239	0	132	-132
	4. Rupee Debt Service	—	23	-23	—	1	-1
	5. Other Capital	1,015	4,242	-3,227	9,280	9,896	-616
	Total Capital Account (1 to 5)	77,902	71,987	5,915	97,676	75,111	22,565
C.	ERRORS & OMISSIONS	560	—	560	—	1,207	-1,207
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	153,318	153,203	115	179,485	170,067	9,418
E.	MONETARY MOVEMENTS (i+ii)	—	115	-115	—	9,418	-9,418
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	115	-115	—	9,418	-9,418
	of which: SDR Allocation	—	—	—	—	5,160	-5,160

No. 41: India's Overall Balance of Payments (Contd.)
(US $ million)
Items		Oct-Dec 2009 P			Oct-Dec 2008 PR
Items		Credit	Debit	Net	Credit	Debit	Net
1		56	57	58	59	60	61
A.	CURRENT ACCOUNT
	I. Merchandise	44,648	75,374	-30,726	39,436	73,484	-34,049
	II. Invisibles (a+b+c)	39,879	21,183	18,696	41,139	18,757	22,381
	a) Services	23,642	15,959	7,683	26,950	13,099	13,851
	i) Travel	3,098	2,251	847	2,924	1,946	979
	ii) Transportation	2,991	3,366	-375	2,713	3,241	-528
	iii) Insurance	408	305	103	344	268	77
	iv) G.n.i.e.	124	129	-5	97	233	-136
	v) Miscellaneous	17,021	9,908	7,113	20,872	7,412	13,460
	of which
	Software Services	12,998	333	12,665	11,274	580	10,694
	Business Services	2,737	4,567	-1,830	4,185	3,568	618
	Financial Services	785	1,156	-371	889	740	150
	Communication Services	259	381	-122	493	257	236
	b) Transfers	13,604	638	12,966	10,997	845	10,151
	i) Official	309	113	196	285	98	187
	ii) Private	13,295	525	12,770	10,712	748	9,964
	c) Income	2,633	4,586	-1,953	3,192	4,813	-1,621
	i) Investment Income	2,382	4,092	-1,710	3,000	4,475	-1,475
	ii) Compensation of Employees	251	494	-243	192	338	-146
	Total Current Account (I+II)	84,527	96,557	-12,030	80,574	92,241	-11,668
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	44,528	34,955	9,573	33,164	38,539	-5,374
	a) Foreign Direct Investment (i+ii)	8,777	4,859	3,918	6,567	6,121	446
	i) In India	8,583	1,469	7,114	6,356	29	6,327
	Equity	5,981	1,233	4,748	4,109	29	4,080
	Reinvested Earnings	1,986	0	1,986	1,721	—	1,721
	Other Capital	616	236	380	526	—	526
	ii) Abroad	194	3,390	-3,196	210	6,092	-5,881
	Equity	194	2,480	-2,286	210	4,489	-4,279
	Reinvested Earnings	0	271	-271	—	271	-271
	Other Capital	0	639	-639	—	1,331	-1,331
	b) Portfolio Investment	35,751	30,096	5,655	26,598	32,418	-5,820
	i) In India	35,740	30,041	5,699	26,568	32,355	-5,786
	of which
	FIIs	35,295	30,041	5,254	26,561	32,355	-5,794
	GDRs/ADRs	445	—	445	7	—	7
	ii) Abroad	11	55	-44	29	63	-34
	2. Loans (a+b+c)	19,740	14,303	5,437	15,795	15,247	548
	a) External Assistance	1,329	712	617	1,654	663	992
	i) By India	13	105	-92	6	8	-2
	ii) To India	1,316	607	709	1,649	655	994
	b) Commercial Borrowings	4,375	2,837	1,538	5,426	1,648	3,778
	i) By India	227	570	-343	662	148	514
	ii) To India	4,148	2,267	1,881	4,763	1,500	3,263
	c) Short Term To India	14,036	10,754	3,282	8,715	12,936	-4,221
	i) Suppliers’ Credit >180 days & Buyers’ Credit	12,055	10,754	1,301	8,715	10,357	-1,642
	ii) Suppliers’ Credit up to 180 days	1,981	—	1,981	—	2,579	-2,579
	3. Banking Capital (a+b)	12,392	10,460	1,932	14,830	19,786	-4,956
	a) Commercial Banks	11,798	10,384	1,414	14,827	19,355	-4,528
	i) Assets	1,344	150	1,194	5,192	7,541	-2,349
	ii) Liabilities	10,454	10,234	220	9,636	11,814	-2,178
	of which: Non-Resident Deposits	10,177	9,568	609	9,543	8,501	1,042
	b) Others	594	76	518	2	431	-429
	4. Rupee Debt Service	—	—	—	—	—	—
	5. Other Capital	4,823	7,038	-2,215	4,861	1,193	3,668
	Total Capital Account (1 to 5)	81,483	66,756	14,727	68,650	74,764	-6,114
C.	ERRORS & OMISSIONS	—	930	-930	—	100	-100
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	166,010	164,243	1,767	149,224	167,105	-17,881
E.	MONETARY MOVEMENTS (i+ii)	—	1767	-1767	17,881	—	17,881
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	—	1767	-1767	17,881	—	17,881
	of which: SDR Allocation	—	—	—	—	—	—

No. 41: India's Overall Balance of Payments (Concld.)
(US $ million)
Items		April-December 2008 PR			April-December 2009 P
Items		Credit	Debit	Net	Credit	Debit	Net
1		62	63	64	65	67	68
A.	CURRENT ACCOUNT
	I. Merchandise	150,520	248,967	-98,446	124,473	213,988	-89,515
	II. Invisibles (a+b+c)	126,406	55,475	70,931	116,719	57,534	59,185
	a) Services	77,929	38,969	38,961	65,171	40,569	24,602
	i) Travel	8,214	6,820	1,394	7,925	6,648	1,277
	ii) Transportation	8,370	10,320	-1,950	8,047	8,364	-317
	iii) Insurance	1,071	801	271	1,179	960	219
	iv) G.n.i.e.	308	439	-131	324	362	-38
	v) Miscellaneous	59,967	20,589	39,377	47,696	24,235	23,461
	of which
	Software Services	35,475	2,358	33,116	34,884	1,162	33,722
	Business Services	12,595	10,819	1,776	7,827	13,059	-5,232
	Financial Services	3,177	2,326	852	2,633	3,219	-586
	Communication Services	1,743	780	963	984	1,006	-22
	b) Transfers	37,567	2,330	35,236	41,216	1,676	39,540
	i) Official	484	302	182	406	331	75
	ii) Private	37,083	2,028	35,055	40,810	1,345	39,465
	c) Income	10,909	14,176	-3,267	10,332	15,289	-4,957
	i) Investment Income	10,273	13,179	-2,906	9,649	14,100	-4,451
	ii) Compensation of Employees	636	998	-361	683	1,189	-506
	Total Current Account (I+II)	276,926	304,442	-27,516	241,192	271,522	-30,330
B.	CAPITAL ACCOUNT
	1. Foreign Investment (a+b)	137,842	134,868	2,974	148,741	108,607	40,134
	a) Foreign Direct Investment (i+ii)	27,846	13,534	14,313	30,005	13,471	16,534
	i) In India	27,085	103	26,982	29,591	3,027	26,564
	Equity	21,652	103	21,549	21,891	2,730	19,161
	Reinvested Earnings	4,706	—	4,706	5,958	0	5,958
	Other Capital	727	—	727	1,742	297	1,445
	ii) Abroad	762	13,431	-12,669	414	10,444	-10,030
	Equity	762	10,262	-9,500	414	7,147	-6,733
	Reinvested Earnings	—	813	-813	—	813	-813
	Other Capital	—	2,356	-2,356	—	2,484	-2,484
	b) Portfolio Investment	109,996	121,334	-11,338	118,736	95,136	23,600
	i) In India	109,932	121,197	-11,265	118,698	95,028	23,670
	of which
	FIIs	108,789	121,197	-12,408	115,547	95,028	20,519
	GDRs/ADRs	1,142	—	1,142	3,152	—	3,152
	ii) Abroad	64	137	-73	38	108	-70
	2. Loans (a+b+c)	48,023	38,534	9,489	48,690	42,523	6,167
	a) External Assistance	3,659	1,798	1,860	3,387	2,175	1,212
	i) By India	18	25	-7	39	315	-276
	ii) To India	3,641	1,773	1,868	3,348	1,860	1,488
	b) Commercial Borrowings	11,758	4,814	6,944	9,574	7,284	2,290
	i) By India	1,597	477	1,121	677	1,118	-441
	ii) To India	10,160	4,337	5,823	8,897	6,166	2,731
	c) Short Term To India	32,607	31,922	685	35,729	33,064	2,665
	i) Suppliers’ Credit >180 days & Buyers’ Credit	29,581	27,902	1,679	33,175	31,065	2,110
	ii) Suppliers’ Credit up to 180 days	3,026	4,020	-994	2,554	1,999	555
	3. Banking Capital (a+b)	53,177	53,163	14	44,512	41,524	2,988
	a) Commercial Banks	53,175	52,578	597	43,918	41,077	2,841
	i) Assets	23,245	23,228	18	11,843	8,826	3,017
	ii) Liabilities	29,929	29,350	579	32,075	32,251	-176
	of which: Non-Resident Deposits	27,816	25,703	2,114	31,691	28,217	3,474
	b) Others	2	585	-583	594	447	147
	4. Rupee Debt Service	—	32	-32	—	24	-24
	5. Other Capital	14,015	20,623	-6,608	15,118	21,176	-6,058
	Total Capital Account (1 to 5)	253,057	247,219	5,838	257,061	213,854	43,207
C.	ERRORS & OMISSIONS	1,298	—	1,298	—	1,577	-1,577
D.	OVERALL BALANCE (Total Current Account, Capital Account and Errors & Omissions (A+B+C))	531,281	551,661	-20,380	498,253	486,953	11,300
E.	MONETARY MOVEMENTS (i+ii)	20,380	—	20,380	—	11,300	-11,300
	i) I.M.F.	—	—	—	—	—	—
	ii) Foreign Exchange Reserves (Increase – / Decrease +)	20,380	—	20,380	—	—	-11,300
	of which: SDR Allocation	—	—	—	—	5,160	-5,160