42. India's Overall Balance of Payments in Rupees

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Published on December 14, 2007

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42. India's Overall Balance of Payments in Rupees

(Rs. crore)
Items					2006-07 P			2005-06 PR
					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.

(Rs. crore)
Items					Apr-Jun 2007 P			Apr-Jun 2006 PR
					Credit	Debit	Net	Credit	Debit	Net
1					8	9	10	11	12	13
A.	CURRENT ACCOUNT
	I.	Merchandise			144155	233139	-88984	134930	211985	-77055
	II.	Invisibles (a+b+c)			129609	59992	69617	112054	55764	56290
		a)	Services		82721	44991	37730	77328	41109	36219
			i)	Travel	8610	7756	854	7766	6766	1000
			ii)	Transportation	9105	11100	-1995	7885	9312	-1427
			iii)	Insurance	1719	759	960	1087	582	505
			iv)	G.n.i.e.	396	462	-66	259	368	-109
			v)	Miscellaneous	62891	24914	37977	60331	24081	36250
				of which	34806	2297	32509	32007	1992	30015
				Software Services
				Business Services	18469	14886	3583	20757	14432	6325
				Financial Services	3641	3538	103	2828	1441	1387
				Communication Services	2115	825	1290	2019	491	1528
		b)	Transfers		36121	1785	34336	27246	1364	25882
			i)	Official	631	684	-53	314	409	-95
			ii)	Private	35490	1101	34389	26932	955	25977
		c)	Income		10767	13216	-2449	7480	13291	-5811
			i)	Investment Income	10206	12210	-2004	7184	12400	-5216
			ii)	Compensation of Employees	561	1006	-445	296	891	-595
	Total Current Account (I+II)				273764	293131	-19367	246984	267749	-20765
B.	CAPITAL ACCOUNT
	1.	Foreign Investment (a+b)			169531	136879	32652	152041	147898	4143
		a)	Foreign Direct Investment (i+ii)		26530	24630	1900	11886	5447	6439
			i)	In India	24345	87	24258	11586	36	11550
				Equity	20737	87	20650	8376	36	8340
				Reinvested Earnings	2919	—	2919	3174	—	3174
				Other Capital	689	—	689	36	—	36
			ii)	Abroad	2185	24543	-22358	300	5411	-5111
				Equity	2185	22807	-20622	300	3533	-3233
				Reinvested Earnings	—	1117	-1117	—	837	-837
				Other Capital	—	619	-619	—	1041	-1041
		b)	Portfolio Investment		143001	112249	30752	140155	142451	-2296
			In India		142758	112224	30534	140055	142446	-2391
			Abroad		243	25	218	100	5	95
	2.	Loans (a+b+c)			65480	31034	34446	48831	28710	20121
		a)	External Assistance		3109	2046	1063	2619	2396	223
			i)	By India	21	54	-33	18	41	-23
			ii)	To India	3088	1992	1096	2601	2355	246
		b)	Commercial Borrowings (MT & LT)		34282	5220	29062	22995	4993	18002
			i)	By India	1464	1196	268	414	1014	-600
			ii)	To India	32818	4024	28794	22581	3979	18602
		c)	Short Term To India		28089	23768	4321	23217	21321	1896
	3.	Banking Capital (a+b)			30113	38856	-8743	44729	22040	22689
		a)	Commercial Banks		30113	38831	-8718	44402	22040	22362
			i)	Assets	9001	10313	-1312	23904	8535	15369
			ii)	Liabilities	21112	28518	-7406	20498	13505	6993
				of which: Non-Resident Deposits	19755	21599	-1844	18980	13382	5598
		b)	Others		—	25	-25	327	—	327
	4.	Rupee Debt Service			—	177	-177	—	305	-305
	5.	Other Capital			13764	9014	4750	8121	6734	1387
	Total Capital Account (1 to 5)				278888	215960	62928	253722	205687	48035
C.	ERRORS & OMISSIONS				2622	—	2622	1736	—	1736
D.	OVERALL BALANCE (Total Capital Account, Current				555274	509091	46183	502442	473436	29006
	Account and Errors & Omissions (A+B+C))
E.	MONETARY MOVEMENTS (i+ii)				—	46183	-46183	—	29006	-29006
	i)	I.M.F.			—	—	—	—	—	—
	ii)	Foreign Exchange Reserves (Increase – / Decrease +)			—	46183	-46183	—	29006	-29006