42. India's Overall Balance of Payments in Rupees

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Published on August 13, 2007

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42. India's Overall Balance of Payments in Rupees

(Rs. crore)
Items					2006-07 PR			2005-06 R
					Credit	Debit	Net	Credit	Debit	Net
1					2	3	4	5	6	7
A.	CURRENT ACCOUNT
	I.	Merchandise			574917	868675	–293758	465705	695131	–229426
	II.	Invisibles (a+b+c)			537769	288334	249435	409200	220496	188704
		a)	Services		367111	219307	147804	272220	166601	105619
			i)	Travel	42477	32726	9751	34871	28673	6198
			ii)	Transportation	36481	40029	–3548	27874	34746	–6872
			iii)	Insurance	5425	2898	2527	4641	4572	69
			iv)	G.n.i.e.	1235	1888	–653	1374	2243	–869
			v)	Miscellaneous	281493	141766	139727	203460	96367	107093
				of which
				Software Services	141356	11266	130090	104632	5954	98678
				Business Services	105895	90960	14935	57124	46630	10494
				Financial Services	14413	8234	6179	7551	5799	1752
				Communication Services	9332	3252	6080	9695	3610	6085
		b)	Transfers		130159	6537	123622	111856	4183	107673
			i)	Official	2877	1890	987	2965	2152	813
			ii)	Private	127282	4647	122635	108891	2031	106860
		c)	Income		40499	62490	–21991	25124	49712	–24588
			i)	Investment Income	38707	58144	–19437	24344	46313	–21969
			ii)	Compensation of Employees	1792	4346	–2554	780	3399	–2619
	Total Current Account (I+II)				1112686	1157009	–44323	874905	915627	–40722
B.	CAPITAL ACCOUNT
	1.	Foreign Investment (a+b)			586584	516501	70083	337301	260982	76319
		a)	Foreign Direct Investment (i+ii)		92092	53899	38193	35213	14251	20962
			i)	In India	88119	394	87725	34240	273	33967
				Equity	72471	394	72077	25822	273	25549
				Reinvested Earnings	13284	—	13284	7420	—	7420
				Other Capital	2364	—	2364	998	—	998
			ii)	Abroad	3973	53505	–49532	973	13978	–13005
				Equity	3973	46232	–42259	973	9142	–8169
				Reinvested Earnings	—	3331	–3331	—	1612	–1612
				Other Capital	—	3942	–3942	—	3224	–3224
		b)	Portfolio Investment		494492	462602	31890	302088	246731	55357
			In India		494093	462463	31630	302088	246731	55357
			Abroad		399	139	260	—	—	—
	2.	Loans (a+b+c)			227511	132518	94993	166208	139650	26558
		a)	External Assistance		16805	8854	7951	16116	8611	7505
			i)	By India	73	163	–90	89	460	–371
			ii)	To India	16732	8691	8041	16027	8151	7876
		b)	Commercial Borrowings (MT & LT)		95675	23468	72207	64387	52925	11462
			i)	By India	2954	4384	–1430	—	1058	–1058
			ii)	To India	92721	19084	73637	64387	51867	12520
		c)	Short Term To India		115031	100196	14835	85705	78114	7591
	3.	Banking Capital (a+b)			165495	156302	9193	95988	90193	5795
		a)	Commercial Banks		163657	155945	7712	91200	89569	1631
			i)	Assets	64972	78080	–13108	3369	17711	–14342
			ii)	Liabilities	98685	77865	20820	87831	71858	15973
				of which: Non-Resident Deposits	87952	70311	17641	79190	66733	12457
		b)	Others		1838	357	1481	4788	624	4164
	4.	Rupee Debt Service			—	725	–725	—	2557	–2557
	5.	Other Capital			45708	17017	28691	28979	32125	–3146
	Total Capital Account (1 to 5)				1025298	823063	202235	628476	525507	102969
C.	ERRORS & OMISSIONS				5722	—	5722	3649	—	3649
D.	OVERALL BALANCE (Total Capital Account, Current				2143706	1980072	163634	1507030	1441134	65896
	Account and Errors & Omissions (A+B+C))
E.	MONETARY MOVEMENTS (i+ii)				—	163634	–163634	—	65896	–65896
	i)	I.M.F.			—	—	—	—	—	—
	ii)	Foreign Exchange Reserves (Increase – / Decrease +)			—	163634	–163634	—	65896	–65896
P : Preliminary. PR : Partially Revised. R : Revised. Also see ‘Notes on Tables’.

(Rs. crore)
Items					Apr–Jun 2006 PR			Jul–Sep 2006 PR
					Credit	Debit	Net	Credit	Debit	Net
1					8	9	10	11	12	13
A.	CURRENT ACCOUNT
	I.	Merchandise			134930	211985	–77055	151631	225184	–73553
	II.	Invisibles (a+b+c)			112054	55764	56290	118694	67538	51156
		a)	Services		77328	41109	36219	82757	49055	33702
			i)	Travel	7766	6766	1000	8328	8472	–144
			ii)	Transportation	7885	9312	–1427	9320	9464	–144
			iii)	Insurance	1087	582	505	1447	696	751
			iv)	G.n.i.e.	259	368	–109	311	598	–287
			v)	Miscellaneous	60331	24081	36250	63351	29825	33526
				of which
				Software Services	32007	1992	30015	33020	2054	30966
				Business Services	20757	14432	6325	24229	18822	5407
				Financial Services	2828	1441	1387	2008	1632	376
				Communication Services	2019	491	1528	1938	849	1089
		b)	Transfers		27246	1364	25882	25981	1748	24233
			i)	Official	314	409	–95	561	519	42
			ii)	Private	26932	955	25977	25420	1229	24191
		c)	Income		7480	13291	–5811	9956	16735	–6779
			i)	Investment Income	7184	12400	–5216	9608	15636	–6028
			ii)	Compensation of Employees	296	891	–595	348	1099	–751
	Total Current Account (I+II)				246984	267749	–20765	270325	292722	–22397
B.	CAPITAL ACCOUNT
	1.	Foreign Investment (a+b)			152041	147898	4143	100906	79678	21228
		a)	Foreign Direct Investment (i+ii)		11886	5447	6439	17718	6468	11250
			i)	In India	11586	36	11550	16633	9	16624
				Equity	8376	36	8340	12900	9	12891
				Reinvested Earnings	3174	—	3174	3459	—	3459
				Other Capital	36	—	36	274	—	274
			ii)	Abroad	300	5411	–5111	1085	6459	–5374
				Equity	300	3533	–3233	1085	4836	–3751
				Reinvested Earnings	—	837	–837	—	853	–853
				Other Capital	—	1041	–1041	—	770	–770
		b)	Portfolio Investment		140155	142451	–2296	83188	73210	9978
			In India		140055	142446	–2391	83137	73205	9932
			Abroad		100	5	95	51	5	46
	2.	Loans (a+b+c)			48831	28710	20121	45435	29904	15531
		a)	External Assistance		2619	2396	223	3650	2087	1563
			i)	By India	18	41	–23	19	42	–23
			ii)	To India	2601	2355	246	3631	2045	1586
		b)	Commercial Borrowings (MT & LT)		22995	4993	18002	11037	4275	6762
			i)	By India	414	1014	–600	529	793	–264
			ii)	To India	22581	3979	18602	10508	3482	7026
		c)	Short Term To India		23217	21321	1896	30748	23542	7206
	3.	Banking Capital (a+b)			44729	22040	22689	26209	34685	–8476
		a)	Commercial Banks		44402	22040	22362	26209	34481	–8272
			i)	Assets	23904	8535	15369	7271	16475	–9204
			ii)	Liabilities	20498	13505	6993	18938	18006	932
				of which: Non-Resident Deposits	18980	13382	5598	18928	15233	3695
		b)	Others		327	—	327	—	204	–204
	4.	Rupee Debt Service			—	305	–305	—	—	—
	5.	Other Capital			8121	6734	1387	8323	5240	3083
	Total Capital Account (1 to 5)				253722	205687	48035	180873	149507	31366
C.	ERRORS & OMISSIONS				1736	—	1736	1557	—	1557
D.	OVERALL BALANCE (Total Capital Account, Current				502442	473436	29006	452755	442229	10526
	Account and Errors & Omissions (A+B+C))
E.	MONETARY MOVEMENTS (i+ii)				—	29006	–29006	—	10526	–10526
	i)	I.M.F.			—	—	—	—	—	—
	ii)	Foreign Exchange Reserves (Increase – / Decrease +)			—	29006	–29006	—	10526	–10526

(Rs. crore)
Items					Oct–Dec 2006 PR			Jan.–Mar. 2007 P
					Credit	Debit	Net	Credit	Debit	Net
1					14	15	16	17	18	19
A.	CURRENT ACCOUNT
	I.	Merchandise			137940	213807	–75867	150416	217699	–67283
	II.	Invisibles (a+b+c)			142412	79028	63384	164609	86004	78605
		a)	Services		95547	61957	33590	111479	67186	44293
			i)	Travel	13140	9577	3563	13243	7911	5332
			ii)	Transportation	9465	10612	–1147	9811	10641	–830
			iii)	Insurance	1318	904	414	1573	716	857
			iv)	G.n.i.e.	391	441	–50	274	481	–207
			v)	Miscellaneous	71233	40423	30810	86578	47437	39141
				of which
				Software Services	34197	3320	30877	42132	3900	38232
				Business Services	29357	23698	5659	31552	34008	–2456
				Financial Services	2443	1336	1107	7134	3825	3309
				Communication Services	2650	1165	1485	2725	747	1978
		b)	Transfers		36833	1547	35286	40099	1878	38221
			i)	Official	1291	436	855	711	526	185
			ii)	Private	35542	1111	34431	39388	1352	38036
		c)	Income		10032	15524	–5492	13031	16940	–3909
			i)	Investment Income	9573	14467	–4894	12342	15641	–3299
			ii)	Compensation of Employees	459	1057	–598	689	1299	–610
	Total Current Account (I+II)				280352	292835	–12483	315025	303703	11322
B.	CAPITAL ACCOUNT
	1.	Foreign Investment (a+b)			169856	142295	27561	163781	146630	17151
		a)	Foreign Direct Investment (i+ii)		41030	29523	11507	21458	12461	8997
			i)	In India	40306	31	40275	19594	318	19276
				Equity	36433	31	36402	14762	318	14444
				Reinvested Earnings	3356	—	3356	3295	—	3295
				Other Capital	517	—	517	1537	—	1537
			ii)	Abroad	724	29492	–28768	1864	12143	–10279
				Equity	724	27072	–26348	1864	10791	–8927
				Reinvested Earnings	—	828	–828	—	813	–813
				Other Capital	—	1592	–1592	—	539	–539
		b)	Portfolio Investment		128826	112772	16054	142323	134169	8154
			In India		128768	112745	16023	142133	134067	8066
			Abroad		58	27	31	190	102	88
	2.	Loans (a+b+c)			56951	37558	19393	76294	36346	39948
		a)	External Assistance		4935	2087	2848	5601	2284	3317
			i)	By India	18	40	–22	18	40	–22
			ii)	To India	4917	2047	2870	5583	2244	3339
		b)	Commercial Borrowings (MT & LT)		24706	6739	17967	36937	7461	29476
			i)	By India	2011	1543	468	—	1034	–1034
			ii)	To India	22695	5196	17499	36937	6427	30510
		c)	Short Term To India		27310	28732	–1422	33756	26601	7155
	3.	Banking Capital (a+b)			31201	46226	–15025	63356	53351	10005
		a)	Commercial Banks		30229	46073	–15844	62817	53351	9466
			i)	Assets	2501	20378	–17877	31296	32692	–1396
			ii)	Liabilities	27728	25695	2033	31521	20659	10862
				of which: Non-Resident Deposits	27450	21889	5561	22594	19807	2787
		b)	Others		972	153	819	539	—	539
	4.	Rupee Debt Service			—	9	–9	—	411	–411
	5.	Other Capital			18795	3563	15232	10469	1480	8989
	Total Capital Account (1 to 5)				276803	229651	47152	313900	238218	75682
C.	ERRORS & OMISSIONS				—	908	–908	3337	—	3337
D.	OVERALL BALANCE (Total Capital Account, Current				557155	523394	33761	632262	541921	90341
	Account and Errors & Omissions (A+B+C))
E.	MONETARY MOVEMENTS (i+ii)				—	33761	–33761	—	90341	–90341
	i)	I.M.F.			—	—	—	—	—	—
	ii)	Foreign Exchange Reserves (Increase - / Decrease +)			—	33761	–33761	—	90341	–90341