Developments in India's Balance of Payments during Fourth Quarter (January-March) of 2010-11* The data on India’s Balance of Payments (BoP) are compiled and published by the Reserve Bank on a quarterly basis with a lag of one quarter. The compilation of BoP data is based on the IMF guidelines set out in its Balance of Payments Manual (BPM) which is revised from time to time. IMF has recently brought out the Sixth Edition of BPM, i.e., BPM6 which has suggested revised compilation procedure as well as new format of standard presentation of BoP statistics. The Report of the Working Group on Balance of Payments Manual for India (Chairman: Shri Deepak Mohanty), released by the RBI on its website (www.rbi.org.in) on November 23, 2010 had recommended that the BoP data for India should be presented in the new format of standard presentation of BoP as suggested under BPM6. Accordingly, from this quarter (Q4 of 2010-11), BoP data are presented in the revised format as per BPM6. This article covers the analysis of major developments in India’s BoP during the fourth quarter of 2010-11, along with the earlier three quarters of the year, on the basis of new format. However, the Balance of Payments statistics based on the old format are also given for the period of 2007-08 to 2010-11 in the Annex 1 for ease of comparison. One of the major features of the new format is that erstwhile capital account has been bifurcated into two separate ‘capital account’ and ‘financial account’. Further, the correspondence between the old and new formats in terms of various components of balance of payments has been given in Annex 2. In addition, the disaggregated data on invisibles for all the quarters of 2010-11, are also published as part of this article (Attachment I). Major Highlights of BoP during January- March (Q4) of 2010-11 During Q4 of 2010-11, moderation in trade deficit, resulting from robust growth in merchandise exports coupled with improved net services receipts led to significant contraction in current account deficit (CAD). (i) On a BoP basis, goods exports during Q4 of 2010- 11 recorded a growth of 17.3 per cent over the preceding quarter while imports rose by 10.0 per cent. Notably, import of non-monetary gold (import by entities other than central bank) at about US$ 12 billion recorded a growth of around 50 per cent in Q4 of 2010-11 over the preceding quarter. (ii) With higher growth in exports relative to imports, the trade deficit on BoP basis, in absolute terms, moderated to US$ 29.7 billion from US$ 31.4 billion in the preceding quarter. (iii) With larger decline in services imports particularly in case of transport, other business services and computer services, overall net services receipts recorded a growth of 21.6 per cent as compared to 1.3 per cent rise in the preceding quarter. (iv) While net secondary income (private transfers) receipts remained buoyant at US$ 13.8 billion primary income account (investment income) continued to show a net outflow. (v) Accordingly, the CAD during Q4 of 2010-11 at US$ 5.4 billion witnessed a sharp moderation compared to the earlier quarters during the year as well as to the corresponding quarter of the previous year. (vi) Financial account witnessed moderation during the quarter primarily on account of portfolio flows and loans especially to the deposit taking institutions. (vii) There was a net accretion to foreign exchange reserves of US$ 2.0 billion during the quarter (excluding valuation). Major Highlights of BoP during full year 2010-11 During the year as a whole, i.e., April-March 2010- 11, despite improvement in net receipts under services and secondary income account, higher trade deficit led to increase in absolute size of current account deficit. However, as a proportion of GDP, CAD was marginally lower than the preceding year. (i) In absolute terms, on BoP basis, the trade deficit amounted to US$ 130.6 billion (7.5 per cent of GDP) during 2010-11 as compared with US$ 118.6 billion (8.6 per cent of GDP) a year ago. Net earnings from services together with net income receipts increased to US$ 86.4 billion from US$ 80.0 billion in 2009-10. (ii) The CAD at US$ 44.3 billion works out to 2.6 per cent of GDP during 2010-11 as compared with US$ 38.6 billion (2.8 per cent of GDP) a year ago. (iii) Financial account balance represented by net capital inflows and reserve movement increased to US$ 46.7 billion mainly driven by loans to government and non-government sector. (iv) Although net capital flows have been higher, accretion to foreign exchange reserves during 2010-11 was marginally lower as a larger share of increased flows was absorbed by the widened current account deficit. 1. Balance of Payments for January- March (Q4) of 2010-11 The developments in the major items of the BoP for the fourth quarter (Q4) of 2010-11 are set out below in Table 1. Goods Trade On Q-o-Q basis, growth in goods exports, during Q4 of 2010-11, continued its momentum while growth in imports was relatively moderate. (i) On a BoP basis, India’s goods exports, Q-o-Q, recorded a growth of 17.3 per cent during Q4 of 2010-11 on top of a rise of 26.8 per cent during the preceding quarter. (ii) Similarly goods imports registered a growth of 10.0 per cent, Q-o-Q, during the quarter as compared with a growth of 9.0 per cent in the preceding quarter. (iii) According to the data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), oil imports and non-oil imports recorded growth of 36.3 per cent and 12.8 per cent, respectively, during Q4 of 2010-11. Oil imports accounted for about 32.4 per cent of total imports during Q4 of 2010-11 (28.4 per cent in Q3 of 2010-11) (Chart 1).
Table 1: Major Items of India’s Balance of Payments |
(US$ billion) |
Item |
April-June 2010 (PR) |
July-September 2010 (PR) |
October-December 2010 (PR) |
January-March 2011 (P) |
Exports |
Imports |
Net |
Exports |
Imports |
Net |
Exports |
Imports |
Net |
Exports |
Imports |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
A. Current Account (1+2+3+4) |
97.9 |
109.9 |
-12.0 |
98.4 |
115.2 |
-16.8 |
120.4 |
130.5 |
-10.1 |
129.3 |
134.7 |
-5.4 |
1. Goods |
54.9 |
87.2 |
-32.3 |
52.0 |
89.3 |
-37.3 |
66.0 |
97.4 |
-31.4 |
77.4 |
107.1 |
-29.7 |
2. Services |
26.5 |
16.4 |
10.0 |
30.9 |
19.3 |
11.7 |
38.2 |
26.4 |
11.8 |
35.2 |
20.8 |
14.4 |
3. Primary Income |
2.9 |
5.7 |
-2.9 |
2.0 |
6.1 |
-4.2 |
2.1 |
6.1 |
-4.0 |
2.2 |
6.0 |
-3.9 |
4. Secondary Income |
13.7 |
0.6 |
13.1 |
13.5 |
0.5 |
13.0 |
14.1 |
0.6 |
13.4 |
14.6 |
0.7 |
13.8 |
B. Capital Account |
0.1 |
0.1 |
-0.1 |
0.1 |
0.1 |
0.0 |
0.3 |
0.2 |
0.1 |
0.1 |
0.2 |
0.0 |
C. Financial Account |
94.5 |
81.5 |
13.0 |
112.1 |
94.0 |
18.1 |
173.7 |
164.3 |
9.4 |
115.7 |
109.5 |
6.2 |
D. Errors & Omissions -(A+B+C) |
|
|
-0.9 |
|
|
-1.3 |
|
|
0.6 |
|
|
-0.8 |
PR: Partially Revised. P: Preliminary. Changes in Reserve Assets are included under the Financial Account as recommended by the BPM 6. |
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Trade Deficit (i) Higher growth in exports relative to imports led to contraction in trade deficit in absolute terms to US$ 29.7 billion as compared with US$ 31.4 billion during the preceding quarter (Chart 2). Services Unlike the trade in goods, both services exports as well as imports, during Q4 of 2010-11, witnessed decline over the quarter. However, with decline in imports being sharper than that of exports, net earnings from services made net positive contribution to BoP.
(i) Services exports, on Q-o-Q basis, declined by 8.0 per cent whereas services imports were lower by 21.3 per cent; net services exports grew by 21.6 per cent on top of 1.3 per cent in the preceding quarter. (ii) Decline in services exports was largely on account of lower receipts from telecommunications, information services and other business services. (iii) Decline in import of services was spread across almost all the sub-categories though decline was more pronounced in case of transport, computer and other business services (Statement I). Primary Income (i) Net outflow on account of primary income that mainly comprises ‘investment income’ and ‘compensation to employees’ at US$ 3.9 billion continued to be about at the same level as in the preceding quarter. (ii) Investment income receipts, on Q-o-Q basis, recorded a slower rise of only 0.5 per cent as compared to 4.9 per cent rise in the preceding quarter. (iii) Investment income payments that comprise mainly interest payments on loans, NRI deposits and reinvested earnings of FDI companies in India though declining marginally by 0.7 per cent, continued to be sizeable. As a result, net investment income receipts declined by 1.3 per cent over the preceding quarter. Secondary Income (i) Net receipts under secondary income largely comprising personal transfers grew by 3.1 per cent to US$ 13.8 billion (US$ 13.4 billion in Q3 of 2010-11) (Table 2). Current Account Deficit (i) With higher growth in exports relative to imports and rise in net receipts from services and secondary income, the current account deficit moderated to US$ 5.4 billion from US$ 10.1 billion in the preceding quarter (Chart 3). Capital Account The capital account showed a decline in net receipts during the quarter largely on account of lower capital transfers. Financial Account The size of overall net financial account was significantly lower during the quarter largely due to sharp slowdown in net inflows under FIIs and build up of foreign currency assets by the commercial banks.
Table 2: Disaggregated Items of Current Account |
(US$ billion) |
Item |
Apr.-Jun. 2010(PR) |
Jul.-Sep. 2010(PR) |
Oct.-Dec. 2010(PR) |
Jan.-Mar. 2011(P) |
2010-11(Apr.-Mar.)(P) |
|
1 |
2 |
3 |
4 |
5 |
1. Goods |
-32.3 |
-37.3 |
-31.4 |
-29.7 |
-130.6 |
2. Services |
10.0 |
11.7 |
11.8 |
14.4 |
47.8 |
2.a Transportations |
0.0 |
-0.3 |
-0.3 |
0.9 |
0.4 |
2.b Travel |
0.6 |
0.6 |
1.5 |
1.3 |
4.0 |
2.c Construction |
-0.2 |
0.0 |
-0.1 |
-0.2 |
-0.5 |
2.d Insurance and Pension Services |
0.1 |
0.1 |
0.1 |
0.3 |
0.5 |
2.e Financial Services |
-0.2 |
-0.1 |
-0.3 |
-0.4 |
-1.0 |
2.f Charges for the Use of Intellectual Property |
-0.5 |
-0.5 |
-0.7 |
-0.5 |
-2.2 |
2.g Telecommunications, Computer and Information Services |
12.6 |
12.8 |
15.3 |
16.6 |
57.4 |
2.h Personal, Cultural and Recreational Services |
0.0 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
2.i Government Goods & Services |
0.0 |
-0.1 |
0.0 |
-0.1 |
-0.3 |
2.j Other Business Services |
-0.7 |
-1.1 |
-1.0 |
-0.9 |
-3.6 |
2.k Others n.i.e |
-1.7 |
0.2 |
-2.6 |
-2.5 |
-6.6 |
3. Primary Income |
-2.9 |
-4.2 |
-4.0 |
-3.9 |
-14.9 |
3.a Compensation of Employee |
-0.3 |
-0.2 |
-0.3 |
-0.2 |
-1.0 |
3.b Investment Income |
-2.6 |
-4.0 |
-3.7 |
-3.6 |
-13.9 |
4. Secondary Income |
13.1 |
13.0 |
13.4 |
13.8 |
53.4 |
4.a Personal Transfers |
12.7 |
12.6 |
13.0 |
13.3 |
51.7 |
4.b. Other Transfers |
0.4 |
0.4 |
0.4 |
0.5 |
1.6 |
5. Current Account (1+2+3+4) |
-12.0 |
-16.8 |
-10.1 |
-5.4 |
-44.3 |
PR: Partially Revised. P: Preliminary. |
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(i) Net flows under financial account were significantly lower at US$ 6.2 billion during Q4 of 2010-11 (US$ 9.4 billion in Q3) (Table 3). (ii) Net FDI flows (net inward FDI minus net outward FDI) continued to be low at US$ 0.6 billion during Q4 of 2010-11 (US$ 0.6 billion in Q3). Net FDI inflows during first two quarters of 2010-11 were about US$ 3.0 billion each. (iii) Net loans availed by sectors excluding Government & banks (Net ECB) were lower at US$ 2.1 billion during the quarter (US$ 3.5 billion in Q3). (iv) Loans to deposit taking corporations (banks) recorded net outflows of US$ 2.7 billion during the quarter (inflow of US$ 4.6 billion in Q3) mainly due to rise in their foreign currency assets. (v) The net inflows under short-term trade credit to India at US$ 2.7 billion during the quarter were higher (US$ 1.3 billion in Q3). (vi) There was a net accretion to foreign exchange reserves of US$ 2.0 billion during the quarter. In nominal terms (i.e., including valuation changes), foreign exchange reserves increased by US$ 7.5 billion during the quarter reflecting depreciation of US dollar against major international currencies during the quarter.
Table 3: Disaggregated Items of Financial Account |
(US$ billion) |
Item |
Apr.- Jun. 2010(PR) |
Jul.- Sep. 2010(PR) |
Oct.- Dec. 2010(PR) |
Jan.- Mar. 2011(P) |
2010-11(Apr.- Mar.) (P) |
1 |
2 |
3 |
4 |
5 |
1. Direct Investment (net) |
2.9 |
3.0 |
0.6 |
0.6 |
7.1 |
1.a Direct Investment to India |
6.1 |
6.9 |
5.5 |
4.9 |
23.4 |
1.b Direct Investment by India |
-3.2 |
-3.9 |
-4.9 |
-4.3 |
-16.2 |
2. Portfolio Investment |
3.5 |
18.7 |
6.1 |
0.0 |
28.2 |
2.a Portfolio Investment in India |
3.5 |
18.8 |
7.2 |
0.0 |
29.4 |
2.b Portfolio Investment by India |
0.0 |
-0.1 |
-1.1 |
0.0 |
-1.2 |
3. Other investment |
10.3 |
-0.3 |
6.7 |
7.7 |
24.3 |
3.a Other Equity (ADRs/GDRs) |
1.1 |
0.5 |
0.2 |
0.2 |
2.0 |
3.b Currency and Deposits |
1.1 |
0.4 |
0.3 |
2.0 |
3.8 |
Deposit-taking Corporations (NRI Deposits) |
1.1 |
1.0 |
0.2 |
0.9 |
3.2 |
3.c Loans* |
7.6 |
0.4 |
9.6 |
0.4 |
18.1 |
3.c.iLoans to India |
7.6 |
0.7 |
9.3 |
0.1 |
17.8 |
Deposit-taking Corporations |
2.9 |
-3.6 |
4.6 |
-2.7 |
1.2 |
General Government (External Assistance) |
2.5 |
0.6 |
1.2 |
0.8 |
5.0 |
Other sectors (ECBs) |
2.3 |
3.7 |
3.5 |
2.1 |
11.6 |
3.c.ii Loans by India |
-0.1 |
-0.3 |
0.3 |
0.3 |
0.3 |
General Government (External Assistance) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Other sectors (ECBs) |
-0.1 |
-0.3 |
0.3 |
0.3 |
0.3 |
3.d Trade Credit and Advances |
4.3 |
2.6 |
1.3 |
2.7 |
11.0 |
3.e Other Accounts Receivable/ Payable-other |
-3.7 |
-4.3 |
-4.9 |
2.4 |
-10.5 |
4. Reserve Assets |
-3.7 |
-3.3 |
-4.0 |
-2.0 |
-13.1 |
Financial Account (1+2+3+4) |
13.0 |
18.1 |
9.4 |
6.2 |
46.7 |
PR: Partially Revised. P: Preliminary. * includes External Assistance, ECBs, Banking Capital and short-term trade credit. |
2. Balance of Payments for April-March of 2010-11 The BoP data for April-March 2010-11 have been compiled taking into account the partially revised data for Q1, Q2, Q3 and preliminary data for Q4 of 2010-11. While the detailed data are set out in Statement I in standard format of BoP presentation, the major items are presented in Table 4. Goods Trade (i) On a BoP basis, India’s goods exports recorded a growth of 37.5 per cent in 2010-11 while import payments registered a growth of 26.7 per cent during the year. (ii) Oil imports recorded an increase of 21.7 per cent in 2010-11 (as against a decline of 7.0 per cent a year ago). In absolute terms, the oil imports accounted for 30.1 per cent of total imports during this period (30.2 per cent in 2009-10). (iii) According to the DGCI&S data at the disaggregated level, the increase in merchandise exports has been largely driven by engineering goods, petroleum products, gems & jewellery and chemicals and related products. Growth in imports on the other hand has primarily been led by petroleum & related products, pearls & semiprecious stones.
Table 4: Major Items of India’s Balance of Payments |
(US$ billion) |
Item |
April-March2010-11 (P) |
April-March2009-10 (PR) |
1 |
2 |
1. Goods exports |
250.3 |
182.1 |
2. Goods Imports |
380.9 |
300.6 |
3. Trade Balance(1-2) |
-130.6 |
-118.6 |
4. Services Exports |
130.7 |
95.4 |
5. Services Imports |
82.9 |
60.0 |
6. Net Services (4-5) |
47.8 |
35.4 |
7. Goods & Services Balances (3+6) |
-82.8 |
-83.1 |
8. Primary Income (Net) |
-14.9 |
-8.0 |
9. Secondary Income (Net) |
53.4 |
52.1 |
10. Net Income (8+9) |
38.5 |
44.0 |
11. Current Account Balance (7+10) |
-44.3 |
-38.6 |
12. Capital Account Balance |
0.0 |
0.3 |
13. Financial Account Balance |
46.7 |
39.9 |
of which: Change in Reserves |
-13.1 |
-13.4 |
14. Errors & Omissions -(11+12+13) |
-2.4 |
-1.6 |
PR: Partially revised. P: Preliminary. |
Trade Deficit (i) On a BoP basis, the trade deficit widened to US$ 130.6 billion during 2010-11 from US$ 118.6 billion during 2009-10 (Table 4). Services (i) There has been a sharp increase in both exports and imports of services during the year. Though pick-up has been broad-based, the rise was more prominent in case of business and financial services. Receipts on account of computer services also witnessed a significant rise (Table 2). (ii) Computer services receipts at US$ 59.0 billion during 2010-11 showed an increase of 18.7 per cent as compared to an increase of 7.4 per cent a year ago mainly on account of improved efficiency and diversified exports destinations. (iii) Service payments witnessed a sharp increase during the period particularly on account of other business and financial services. (iv) On a net basis, services increased to US$ 47.8 billion from US$ 35.4 billion in the preceding year. Primary Income (i) Primary income mainly comprises compensation of employees and investment income. Investment income receipts declined by 34.0 per cent to US$ 8.0 billion during 2010-11 due to continuation of low interest rate regime abroad. (ii) Investment income payments amounted to US$ 21.9 billion during 2010-11 (US$ 19.4 billion a year ago). Secondary Income (i) Secondary income receipts that primarily comprise personal transfers increased marginally to US$ 55.9 billion during 2010-11 (US$ 53.9 billion a year ago). (ii) NRI deposits, when withdrawn domestically, form part of personal transfers because once withdrawn for local use, these become unilateral transfers and do not have any quid pro quo. During 2010-11, the share of local withdrawals in total outflows from NRI deposits at 57.4 per cent has been lower compared to that in the preceding year (Table 5). (iii) Under personal transfers, the inward remittances for family maintenance accounted for 49.0 per cent of the total personal transfer receipts, while local withdrawals accounted for 47.2 per cent during 2010-11 (Table 6). Current Account Balance (i) During the year as a whole, i.e., April-March 2010- 11, despite improvement in net services and secondary income, higher trade deficit led to increase in absolute size of current account deficit. However, as a proportion of GDP, CAD at 2.6 per cent was lower than 2.8 per cent in the preceding year.
Table 5: Inflows and Outflows from NRI Deposits and Local Withdrawals |
(US$ billion) |
Year |
Inflows |
Outflows |
Local Withdrawals |
1 |
2 |
3 |
2009-10 (PR) |
41.4 |
38.4 |
23.6 |
2010-11 (P) |
49.3 |
46.0 |
26.4 |
January-March 2010 (PR) |
9.7 |
10.2 |
5.7 |
January-March 2011 (P) |
13.8 |
12.9 |
6.7 |
P: Preliminary. PR: Partially Revised. |
Table 6: Details of Private Transfers to India |
(US$ billion) |
Year |
Total Private Transfers |
Of Which: |
Inward remittances for family maintenance |
Local withdrawals/ redemptions from NRI Deposits |
|
Amount |
Percent-tage Share in Total |
Amount |
Percen-tage Share in Total |
|
1 |
2 |
3 |
4 |
5 |
2009-10 (PR) |
53.9 |
28.4 |
52.7 |
23.6 |
43.8 |
2010-11 (P) |
55.9 |
27.4 |
49.0 |
26.4 |
47.2 |
Jan-Mar 2010 (PR) |
13.1 |
6.9 |
52.7 |
5.7 |
43.5 |
Jan-Mar 2011 (P) |
14.6 |
7.3 |
50.0 |
6.7 |
45.9 |
P: Preliminary. PR: Partially Revised. |
Financial Account (i) Both gross inflows and outflows under the financial account were higher in 2010-11 as compared with the preceding year. (ii) In net terms, financial inflows increased moderately to US$ 46.7 billion in 2010-11 mainly on account of trade credit and loans (ECBs and banking capital). These were partly offset by slowdown in net FDI inflows. (iii) Sector-wise, the deceleration in gross FDI to India (i.e.. inward FDI) during 2010-11 was mainly on account of lower FDI inflows under manufacturing, financial services, electricity and construction (Table 7). (iv) Country-wise, investment routed through Mauritius remained the largest component of gross FDI inflows to India in 2010-11 followed by Singapore and the Netherlands (Table 8). (v) During 2010-11, outward FDI grew by 24.5 per cent to US$ 18.8 billion. In terms of sectors, there has been significant increase in the area of services which accounted for the largest share in outward FDI at 47.6 per cent during 2010-11 (Table 7). (vi) Direction-wise (i.e., in terms of recipient countries), investment routed through Mauritius constituted the largest component of gross outward FDI during the period, followed by Singapore and the Netherlands (Table 8). (vii) During the year 2010-11, the actual outward FDI in joint ventures and wholly owned subsidiaries stood at US$ 16.6 billion, which was about 35 per cent higher than the investment made during the previous year. During 2010-11, investment financed through equity increased by 11.4 per cent whereas the loan component registered a growth of 83.8 per cent over the previous year. Accordingly, the share of equity in total FDI fell to about 55 per cent as compared to 67 per cent in the preceding year (Table 9). (viii) With lower gross inward FDI and rise in gross outward FDI, the net FDI to India stood considerably lower at US$ 7.1 billion during 2010- 11 (US$ 18.8 billion a year ago). (ix) ‘Other receivables/payables’ that include leads and lags in exports, SDR allocation, net funds held abroad, advances received pending issue of shares under FDI and other capital not included elsewhere recorded a lower net outflow of US$ 10.4 billion in 2010-11 as compared with a higher net outflow of US$ 13.0 billion in the preceding year (Table 10). ‘Lead & lag in exports’ also includes trade credit extended by Indian exporters to non-residents.
Table 7: Sector-wise FDI – Inflows and Outflows |
(US$ billion) |
Industry |
Gross FDI Inflows to India# |
|
Industry |
Gross FDI Outflows from India* |
2010-11 |
Jan-March |
2010-11 |
Jan-March |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
|
1 |
2 |
3 |
|
4 |
5 |
6 |
• Manufacture |
4.8 |
1.0 |
0.8 |
• |
Community, Social and Personal Services |
0.7 |
0.0 |
0.0 |
• Communication Services |
1.2 |
0.1 |
0.1 |
• |
Financial, Insurance, Real Estate and Business Services |
6.5 |
0.8 |
2.1 |
• Financial Services |
1.4 |
0.4 |
0.1 |
• |
Manufacturing |
5.0 |
0.7 |
1.4 |
• Electricity and allied |
1.3 |
0.6 |
0.4 |
• |
Construction |
0.4 |
0.0 |
0.1 |
• Construction |
1.6 |
0.9 |
0.3 |
• |
Wholesale, Retail Trade, Restaurants and Hotels |
1.9 |
0.3 |
0.3 |
• Computer Services |
0.8 |
0.2 |
0.1 |
• |
Agriculture, Hunting, Forestry and Fishing |
1.2 |
0.2 |
0.1 |
• Mining |
0.6 |
0.1 |
0.0 |
• |
Transport, Storage and Communication Services |
0.7 |
0.1 |
0.2 |
• Real Estate Activities |
0.4 |
0.2 |
0.0 |
• |
Electricity, Gas & water |
0.1 |
0.0 |
0.0 |
• Others |
2.8 |
1.0 |
0.7 |
• |
Others |
0.2 |
0.0 |
0.0 |
Total |
14.9 |
4.5 |
2.5 |
|
Total |
16.6 |
2.2 |
4.4 |
# Includes equity FDI through SIA/FIPB and RBI routes only and hence are not comparable with data in other tables. * Includes equity (except that of individuals and banks), loans and guarantee invoked, and hence are not comparable with data in other tables. |
Table 8: Country-wise FDI – Inflows and Outflows |
(US$ billion) |
Country |
Inward FDI# |
|
Country |
Outward FDI* |
April-March |
January-March |
April-March |
January-March |
2010-11 |
2009-10 |
2010-11 |
2010-11 |
2009-10 |
2010-11 |
1 |
2 |
3 |
4 |
5 |
6 |
1. Mauritius |
5.6 |
1.3 |
0.9 |
1. Mauritius |
5.0 |
0.6 |
0.7 |
2. Singapore |
1.5 |
0.7 |
0.2 |
2. Singapore |
3.9 |
0.5 |
1.0 |
3. Netherlands |
1.4 |
0.1 |
0.2 |
3. USA |
1.2 |
0.2 |
0.2 |
4. USA |
1.1 |
0.4 |
0.1 |
4. Netherlands |
1.5 |
0.2 |
1.0 |
5. Japan |
1.3 |
0.1 |
0.1 |
5. UK |
0.4 |
0.1 |
0.2 |
6. UK |
0.5 |
0.3 |
0.1 |
6. UAE |
0.8 |
0.1 |
0.2 |
7. Cyprus |
0.6 |
0.3 |
0.3 |
7. Cayman Islands |
0.4 |
0.0 |
0.1 |
8. Germany |
0.2 |
0.1 |
0.1 |
8. Cyprus |
0.5 |
0.1 |
0.1 |
9. Others |
2.7 |
1.2 |
0.5 |
9. Others |
2.9 |
0.4 |
0.9 |
Total |
14.9 |
4.5 |
2.5 |
Total |
16.6 |
2.2 |
4.4 |
# Includes equity FDI through SIA/FIPB and RBI routes only and hence are not comparable with data in other tables. * Includes equity (except that of individuals and banks), loans and guarantee invoked, and hence are not comparable with data in other tables. |
Reserve Variation (i) Notwithstanding higher level of net capital inflows, accretion to reserves (on a BoP basis) during 2010-11 was marginally lower as compared to the previous year mainly due to widening of the current account deficit. The accretion to foreign exchange reserves on BoP basis (i.e., excluding valuation) was US$ 13.1 billion in 2010-11 (US$ 13.4 billion a year ago) (Chart 4). Taking into account the valuation gains, foreign exchange reserves recorded an increase of US$ 25.8 billion in 2010-11 (US$ 27.1 billion a year ago). (ii) At the end of March 2011, the level of foreign exchange reserves stood at US$ 304.8 billion.
Table 9: India’s Outward FDI |
(US$ billion) |
Sr. No |
Period |
Equity* |
Loan |
Guarantee Invoked |
Total |
1 |
2 |
3 |
4 |
1 |
2010-2011 |
9.1 |
7.5 |
0.1 |
16.6 |
|
|
(55.1) |
(44.9) |
(0.1) |
|
2 |
2009-2010 |
8.2 |
4.1 |
0.02 |
12.3 |
|
|
(66.5) |
(33.3) |
(0.2) |
|
3 |
2008-2009 |
13.3 |
4.9 |
0.0 |
18.2 |
|
|
(73.1) |
(26.9) |
(0.0) |
|
* The equity data do not include equity of individuals and banks Note: Figures in brackets relate to percentage share in total outward FDI for the period. |
Difference in DGCI&S and Balance of Payments Imports (i) During 2010-11, as per the records of the DGCI&S imports (based on customs) data and the BoP merchandise imports (based on banking channel data), the difference between the two data sets works out to about US$ 28 billion (Table 11). DGCI&S is in the process of revising their import numbers for the year 2010-11 and the gap between BoP (RBI) and DGCI&S import estimates is likely to get reduced.
Table 10: Details of ‘Other Receivables/Payables’ (Net) |
(US$ billion) |
|
April-March |
January-March |
|
2009-10(PR) |
2010-11(P) |
2009-10 (PR) |
2010-11(P) |
|
1 |
2 |
3 |
4 |
1 Lead and Lags in Exports |
-4.7 |
-10.0 |
-1.6 |
-0.4 |
2 Net Funds Held Abroad |
-6.9 |
-4.0 |
-1.1 |
-0.7 |
3 Advances Received Pending |
|
|
|
|
Issue of Shares under FDI |
3.1 |
6.9 |
2.0 |
2.6 |
4 SDR Allocation |
5.2 |
– |
– |
– |
5 Other capital not included elsewhere# |
-9.7 |
-3.3 |
-0.5 |
0.9 |
Total (1 to 5) |
-13.0 |
-10.4 |
-1.2 |
2.4 |
P: Preliminary. PR: Partially Revised. – Nil/NA. # Inclusive of derivatives and hedging, migrant transfers and other capital transfers. |
Table 11: DGCI&S and the BoP Import Data |
(US$ billion) |
Item |
April-March |
2010-11 (P) |
2008-09 (R) |
2009-10 (PR) |
1 |
2 |
3 |
1. BoP Imports |
308.5 |
300.6 |
380.9 |
2. DGCI&S Imports |
298.8 |
288.4 |
352.6 |
3. Difference (1-2) |
9.7 |
12.2 |
28.3 |
![](/documents/87730/28909807/01ARB090811L_4.gif) |
Statement I: Standard Presentation of BoP as per BPM6 |
(US$ million) |
Item |
Apr-Jun 2010 (PR) |
Jul-Sept 2010 (PR) |
Oct-Dec 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
1 Current Account (1.A+1.B+1.C) |
97873 |
109891 |
-12018 |
98444 |
115247 |
-16803 |
120390 |
130507 |
-10118 |
1.A Goods and Services (1.A.a+1.A.b) |
81322 |
103592 |
-22269 |
82958 |
108569 |
-25611 |
104212 |
123780 |
-19568 |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
54864 |
87160 |
-32296 |
52044 |
89313 |
-37269 |
65987 |
97362 |
-31375 |
1.A.a.1 General merchandise on a BOP basis |
55301 |
80757 |
-25456 |
52029 |
81369 |
-29340 |
65898 |
89461 |
-23563 |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.a.2 Net exports of goods under merchanting |
-437 |
|
-437 |
15 |
|
15 |
89 |
|
89 |
1.A.a.2.1 Goods acquired under merchanting (negative credits) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.a.2.2 Goods sold under merchanting |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.a.3 Nonmonetary gold |
– |
6403 |
-6403 |
– |
7944 |
-7944 |
– |
7901 |
-7901 |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
26458 |
16431 |
10027 |
30914 |
19255 |
11658 |
38225 |
26418 |
11807 |
1.A.b.1 Manufacturing services on physical inputs owned by others |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.1.1 Goods for processing in reporting economy |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.1.2 Goods for processing abroad |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.2 Maintenance and repair services n.i.e. |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.3 Transport |
3144 |
3146 |
-2 |
3303 |
3555 |
-252 |
3717 |
3992 |
-275 |
1.A.b.3.1 Sea transport |
1378 |
1797 |
-419 |
1640 |
2055 |
-415 |
1607 |
2268 |
-661 |
1.A.b.3.2 Air transport |
589 |
1133 |
-544 |
541 |
1164 |
-623 |
579 |
1431 |
-852 |
1.A.b.3.3 Other modes of transport |
1176 |
204 |
972 |
1097 |
304 |
792 |
1527 |
285 |
1242 |
1.A.b.3.4 Postal and courier services |
1 |
12 |
-11 |
26 |
31 |
-5 |
4 |
8 |
-4 |
1.A.b.4 Travel |
2949 |
2335 |
615 |
3379 |
2772 |
606 |
4429 |
2890 |
1539 |
1.A.b.4.1 Business |
– |
883 |
-883 |
– |
1032 |
-1032 |
– |
1284 |
-1284 |
1.A.b.4.2 Personal |
– |
1451 |
-1451 |
– |
1740 |
-1740 |
– |
1606 |
-1606 |
1.A.b.4.2.1 Health-related |
– |
41 |
-41 |
– |
6 |
-6 |
– |
7 |
-7 |
1.A.b.4.2.2 Education-related |
– |
325 |
-325 |
– |
664 |
-664 |
– |
435 |
-435 |
1.A.b.4.2.3 Other |
– |
1086 |
-1086 |
– |
1070 |
-1070 |
– |
1164 |
-1164 |
1.A.b.5 Construction |
122 |
345 |
-223 |
173 |
136 |
37 |
128 |
220 |
-91 |
1.A.b.5.1 Construction abroad |
122 |
200 |
-78 |
173 |
77 |
97 |
128 |
117 |
11 |
1.A.b.5.2 Construction in the reporting economy |
– |
146 |
-146 |
– |
59 |
-59 |
– |
102 |
-102 |
1.A.b.6 Insurance and pension services |
410 |
310 |
100 |
442 |
386 |
56 |
507 |
403 |
104 |
1.A.b.6.1 Direct insurance |
374 |
143 |
231 |
405 |
178 |
228 |
463 |
131 |
332 |
1.A.b.6.2 Reinsurance |
29 |
147 |
-118 |
29 |
192 |
-164 |
37 |
255 |
-218 |
1.A.b.6.3 Auxiliary insurance services |
7 |
20 |
-13 |
8 |
16 |
-8 |
7 |
16 |
-10 |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.7 Financial services |
1228 |
1404 |
-176 |
1819 |
1905 |
-87 |
1684 |
1961 |
-276 |
1.A.b.7.1 Explicitly charged and other financial services |
1228 |
1404 |
-176 |
1819 |
1905 |
-87 |
1684 |
1961 |
-276 |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
35 |
566 |
-531 |
27 |
560 |
-533 |
25 |
696 |
-671 |
1.A.b.9 Telecommunications, computer, and information services |
13520 |
880 |
12640 |
13690 |
888 |
12802 |
16426 |
1118 |
15309 |
1.A.b.9.1 Telecommunications services |
324 |
230 |
94 |
392 |
235 |
157 |
421 |
296 |
125 |
1.A.b.9.2 Computer services |
13114 |
575 |
12539 |
13191 |
585 |
12605 |
15684 |
709 |
14975 |
1.A.b.9.3 Information services |
83 |
75 |
7 |
108 |
68 |
39 |
322 |
113 |
209 |
1.A.b.10 Other business services |
4636 |
5296 |
-660 |
5584 |
6645 |
-1061 |
6754 |
7772 |
-1018 |
1.A.b.10.1 Research and development services |
170 |
66 |
104 |
286 |
51 |
235 |
224 |
79 |
145 |
1.A.b.10.2 Professional and management consulting services |
1914 |
2389 |
-475 |
2596 |
2995 |
-399 |
3131 |
3408 |
-277 |
1.A.b.10.3 Technical, trade-related, and other business services |
2553 |
2841 |
-289 |
2702 |
3599 |
-897 |
3399 |
-4285 |
-886 |
Statement I: Standard Presentation of BoP as per BPM6 |
(US$ million) |
Item |
Apr-Jun 2010 (PR) |
Jul-Sept 2010 (PR) |
Oct-Dec 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
1.A.b.11 Personal, cultural, and recreational services |
49 |
71 |
-21 |
56 |
105 |
-49 |
52 |
228 |
-176 |
1.A.b.11.1Audiovisual and related services |
22 |
36 |
-15 |
27 |
47 |
-20 |
30 |
39 |
-9 |
1.A.b.11.2Other personal, cultural, and recreational services |
28 |
35 |
-7 |
29 |
58 |
-29 |
22 |
190 |
-168 |
1.A.b.12 Government goods and services n.i.e. |
94 |
143 |
-49 |
125 |
205 |
-80 |
150 |
195 |
-44.8 |
1.A.b.13 Others n.i.e. |
270 |
1936 |
-1666 |
2316 |
2096 |
220 |
4352 |
6944 |
-2592 |
1.B Primary Income (1.B.1to1.B.3) |
2855 |
5714 |
-2859 |
1973 |
6139 |
-4165 |
2096 |
6082 |
-3986 |
1.B.1 Compensation of employees |
227 |
494 |
-267 |
247 |
445 |
-199 |
286 |
578 |
-293 |
1.B.2 Investment income |
2628 |
5220 |
-2592 |
1726 |
5693 |
-3967 |
1811 |
5504 |
-3693 |
1.B.2.1 Direct investment |
1685 |
5140 |
-3455 |
511 |
5557 |
-5045 |
898 |
5430 |
-4533 |
1.B.2.1.1 Income on equity and investment fund shares |
351 |
3435 |
-3084 |
393 |
3879 |
-3486 |
723 |
3722 |
-2999 |
1.B.2.1.2 Interest |
1335 |
1705 |
-370 |
119 |
1678 |
-1559 |
174 |
1708 |
-1534 |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.B.2.2.1 Investment income on equity and investment fund shares |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.B.2.2.2 Interest |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.B.2.3 Other investment |
0 |
77 |
-77 |
0 |
133 |
-133 |
0 |
68 |
-68 |
1.B.2.4 Reserve assets |
943 |
4 |
939 |
1215 |
4 |
1211 |
913 |
5 |
908 |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
– |
– |
– |
1.C Secondary Income (1.C.1+1.C.2) |
13695 |
585 |
13110 |
13513 |
540 |
12973 |
14081 |
645 |
13436 |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
13695 |
585 |
13110 |
13513 |
540 |
12973 |
14081 |
645 |
13436 |
1.C.1.1 Personal transfers (Current transfers between resident and non-resident households) |
13219 |
486 |
12733 |
13051 |
443 |
12608 |
13573 |
540 |
13033 |
Of which: |
|
|
|
|
|
|
|
|
|
1.C.1.1.1 Workers’ remittances |
6900 |
486 |
6414 |
5999 |
443 |
5556 |
7227 |
540 |
6687 |
1.C.1.2 Other current transfers |
476 |
100 |
377 |
462 |
97 |
365 |
508 |
105 |
403 |
2 Capital Account (2.1+2.2) |
69 |
144 |
-75 |
142 |
139 |
3 |
343 |
206 |
137 |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
11 |
3 |
8 |
1 |
2 |
-1 |
3 |
7 |
-5 |
2.2 Capital transfers |
59 |
141 |
-83 |
141 |
137 |
4 |
341 |
199 |
141 |
2.2.1 General government |
59 |
141 |
-83 |
141 |
137 |
4 |
341 |
199 |
141 |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
– |
– |
– |
2.2.1.2 Other capital transfers |
59 |
141 |
-83 |
141 |
137 |
4 |
341 |
199 |
141 |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3 Financial Account (3.1 to 3.5) |
94467 |
81453 |
13014 |
112120 |
94048 |
18072 |
173706 |
164312 |
9394 |
3.1 Direct Investment (3.1A+3.1B) |
8724 |
5791 |
2933 |
8532 |
5531 |
3002 |
8787 |
8159 |
628 |
3.1.A Direct Investment in India |
8430 |
2302 |
6128 |
7955 |
1097 |
6858 |
7703 |
2200 |
5504 |
3.1.1 Equity and investment fund shares |
8347 |
2278 |
6069 |
7808 |
1034 |
6774 |
7609 |
1861 |
5748 |
3.1.1.1 Equity other than reinvestment of earnings |
5991 |
2278 |
3713 |
5452 |
1034 |
4418 |
5253 |
1861 |
3392 |
3.1.1.1.1 Direct investor in direct investment enterprises |
5991 |
2278 |
3713 |
5452 |
1034 |
4418 |
5253 |
1861 |
3392 |
3.1.1.1.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.1.1.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.1.2 Reinvestment of earnings |
2356 |
– |
2356 |
2356 |
– |
2356 |
2356 |
– |
2356 |
3.1.2 Debt instruments |
83 |
24 |
59 |
147 |
63 |
84 |
95 |
339 |
-244 |
3.1.2.1 Direct investor in direct investment enterprises |
83 |
24 |
59 |
147 |
63 |
84 |
95 |
339 |
-244 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.B Direct Investment by India |
294 |
3489 |
-3195 |
578 |
4434 |
-3856 |
1084 |
5959 |
-4876 |
3.1.1 Equity and investment fund shares |
294 |
2330 |
-2036 |
578 |
2754 |
-2176 |
1084 |
3536 |
-2452 |
3.1.1.1 Equity other than reinvestment of earnings |
294 |
2059 |
-1765 |
578 |
2483 |
-1905 |
1084 |
3265 |
-2181 |
3.1.1.1.1 Direct investor in direct investment enterprises |
294 |
2059 |
-1765 |
578 |
2483 |
-1905 |
1084 |
3265 |
-2181 |
3.1.1.1.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.1.1.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.1.2 Reinvestment of earnings |
– |
271 |
-271 |
– |
271 |
-271 |
– |
271 |
-271 |
Statement I: Standard Presentation of BoP as per BPM6 |
(US$ million) |
Item |
Apr-Jun 2010 (PR) |
Jul-Sept 2010 (PR) |
Oct-Dec 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
3.1.2 Debt instruments |
– |
1159 |
-1159 |
– |
1679 |
-1679 |
– |
2423 |
-2423 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
1159 |
-1159 |
– |
1679 |
-1679 |
– |
2423 |
-2423 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
42952 |
39461 |
3491 |
58764 |
40065 |
18699 |
101562 |
95496 |
6066 |
3.2A Portfolio Investment in India |
42858 |
39320 |
3538 |
58614 |
39854 |
18759 |
101423 |
94265 |
7158 |
3.2.1 Equity and investment fund shares |
32352 |
27763 |
4589 |
36346 |
18256 |
18090 |
84647 |
62916 |
21731 |
3.2.2 Debt securities |
10506 |
11556 |
-1051 |
22266 |
21596 |
670 |
16776 |
31348 |
-14572 |
3.2.B Portfolio Investment by India |
94 |
141 |
-47 |
151 |
211 |
-60 |
139 |
1232 |
-1092 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
42791 |
32460 |
10332 |
44824 |
45163 |
-339 |
63357 |
56668 |
6689 |
3.4.1 Other equity (ADRs/GDRs) |
1114 |
– |
1114 |
492 |
– |
492 |
233 |
– |
233 |
3.4.2 Currency and deposits |
11255 |
10157 |
1097 |
11672 |
11232 |
440 |
12652 |
12380 |
272 |
3.4.2.1 Central bank |
2 |
24 |
-22 |
– |
604 |
-604 |
87 |
– |
87 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
11252 |
10133 |
1119 |
11672 |
10628 |
1044 |
12566 |
12380 |
185 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
13131 |
5547 |
7584 |
12543 |
12120 |
423 |
28711 |
19087 |
9623 |
3.4.3A Loans to India |
12927 |
5279 |
7648 |
12227 |
11539 |
688 |
28122 |
18840 |
9283 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
5491 |
2586 |
2905 |
5320 |
8923 |
-3603 |
20451 |
15822 |
4629 |
3.4.3.3 General government (External Assistance) |
3191 |
733 |
2458 |
1252 |
662 |
590 |
1916 |
756 |
1160 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
4245 |
1960 |
2284 |
5656 |
1954 |
3701 |
5756 |
2262 |
3494 |
3.4.3B Loans by India |
204 |
268 |
-64 |
316 |
581 |
-265 |
589 |
248 |
341 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
19 |
25 |
-6 |
19 |
25 |
-6 |
19 |
25 |
-6 |
3.4.3.4 Other sectors |
185 |
243 |
-58 |
297 |
556 |
-259 |
570 |
222 |
347 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
15825 |
11506 |
4319 |
19420 |
16801 |
2618 |
18337 |
16992 |
1345 |
3.4.5.1 Central bank |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.5.2 General government |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.5.3 Deposit-taking corporations |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.4.5.4 Other sectors |
15825 |
11506 |
4319 |
19420 |
16801 |
2618 |
18337 |
16992 |
1345 |
3.4.6 Other accounts receivable/payable—other |
1466 |
5249 |
-3782 |
696 |
5009 |
-4313 |
3424 |
8209 |
-4785 |
3.4.7 Special drawing rights |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.5 Reserve assets |
– |
3741 |
-3741 |
– |
3289 |
-3289 |
– |
3989 |
-3989 |
3.5.1 Monetary gold |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.5.2 Special drawing rights n.a. |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.5.3 Reserve position in the IMF n.a. |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.5.4 Other reserve assets (Foreign Currency Assets) |
– |
3741 |
-3741 |
– |
3289 |
-3289 |
– |
3989 |
-3989 |
3.5.4.1 Currency,deposits and securities |
– |
3741 |
-3741 |
– |
3289 |
-3289 |
– |
3989 |
-3989 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
94537 |
81597 |
12939 |
112262 |
94187 |
18075 |
174049 |
164519 |
9530 |
Of which: (by instrument): |
– |
– |
– |
– |
– |
– |
– |
– |
– |
3.0.1 Equity and investment fund shares |
41087 |
32512 |
8575 |
44882 |
22256 |
22626 |
93478 |
69544 |
23934 |
3.0.2 Debt instruments |
10589 |
12740 |
-2151 |
22415 |
23340 |
-925 |
16871 |
34111 |
-17240 |
3.0.3 Other financial assets and liabilities |
42791 |
36201 |
6591 |
44824 |
48452 |
-3629 |
63357 |
60657 |
2700 |
4 Net errors and omissions |
|
|
-921 |
|
|
-1272 |
|
|
587 |
Statement I: Standard Presentation of BoP as per BPM6 (Concld.) |
(US$ million) |
Item |
Jan-Mar 2011 (P) |
Apr-Mar 2010-11 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
10 |
11 |
12 |
13 |
14 |
15 |
1 Current Account (1.A+1.B+1.C) |
129295 |
134650 |
-5355 |
446002 |
490296 |
-44294 |
1.A Goods and Services (1.A.a+1.A.b) |
112546 |
127897 |
-15351 |
381038 |
463837 |
-82799 |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
77395 |
107100 |
-29705 |
250291 |
380936 |
-130645 |
1.A.a.1 General merchandise on a BOP basis |
77240 |
95393 |
-18153 |
250468 |
346981 |
-96512 |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
1.A.a.2 Net exports of goods under merchanting |
156 |
– |
156 |
-178 |
– |
-178 |
1.A.a.2.1 Goods acquired under merchanting (negative credits) |
– |
– |
– |
– |
– |
– |
1.A.a.2.2 Goods sold under merchanting |
– |
– |
– |
– |
– |
– |
1.A.a.3 Nonmonetary gold |
– |
11707 |
-11707 |
– |
33955 |
-33955 |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
35151 |
20797 |
14354 |
130748 |
82901 |
47846 |
1.A.b.1 Manufacturing services on physical inputs owned by others |
– |
– |
– |
– |
– |
– |
1.A.b.1.1 Goods for processing in reporting economy |
– |
– |
– |
– |
– |
– |
1.A.b.1.2 Goods for processing abroad |
– |
– |
– |
– |
– |
– |
1.A.b.2 Maintenance and repair services n.i.e. |
– |
– |
– |
– |
– |
– |
1.A.b.3 Transport |
4166 |
3254 |
912 |
14330 |
13947 |
383 |
1.A.b.3.1 Sea transport |
1545 |
1995 |
-450 |
6170 |
8116 |
-1946 |
1.A.b.3.2 Air transport |
755 |
1051 |
-296 |
2465 |
4780 |
-2315 |
1.A.b.3.3 Other modes of transport |
1844 |
192 |
1652 |
5643 |
984 |
4659 |
1.A.b.3.4 Postal and courier services |
21 |
16 |
5 |
52 |
67 |
-15 |
1.A.b.4 Travel |
4518 |
3235 |
1283 |
15275 |
11232 |
4043 |
1.A.b.4.1 Business |
– |
1904 |
-1904 |
– |
5103 |
-5103 |
1.A.b.4.2 Personal |
– |
1331 |
-1331 |
– |
6129 |
-6129 |
1.A.b.4.2.1 Health-related |
– |
5 |
-5 |
– |
59 |
-59 |
1.A.b.4.2.2 Education-related |
– |
468 |
-468 |
– |
1893 |
-1893 |
1.A.b.4.2.3 Other |
– |
858 |
-858 |
– |
4178 |
-4178 |
1.A.b.5 Construction |
253 |
456 |
-203 |
677 |
1157 |
-481 |
1.A.b.5.1 Construction abroad |
253 |
239 |
14 |
677 |
633 |
44 |
1.A.b.5.2 Construction in the reporting economy |
– |
216 |
-216 |
– |
524 |
-524 |
1.A.b.6 Insurance and pension services |
590 |
301 |
289 |
1949 |
1400 |
549 |
1.A.b.6.1 Direct insurance |
548 |
133 |
415 |
1790 |
584 |
1206 |
1.A.b.6.2 Reinsurance |
31 |
155 |
-124 |
127 |
750 |
-623 |
1.A.b.6.3 Auxiliary insurance services |
11 |
13 |
-3 |
32 |
65 |
-33 |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
1.A.b.7 Financial services |
1777 |
2213 |
-436 |
6508 |
7483 |
-975 |
1.A.b.7.1 Explicitly charged and other financial services |
1777 |
2213 |
-436 |
6508 |
7483 |
-975 |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
106 |
602 |
-495 |
193 |
2424 |
-2231 |
1.A.b.9 Telecommunications, computer, and information services |
17480 |
862 |
16619 |
61117 |
3748 |
57369 |
1.A.b.9.1 Telecommunications services |
376 |
325 |
51 |
1512 |
1085 |
427 |
1.A.b.9.2 Computer services |
17012 |
326 |
16686 |
59000 |
2194 |
56805 |
1.A.b.9.3 Information services |
93 |
211 |
-118 |
605 |
468 |
137 |
1.A.b.10 Other business services |
5848 |
6754 |
-905 |
22823 |
26466 |
-3643 |
1.A.b.10.1Research and development services |
198 |
53 |
145 |
878 |
249 |
624 |
1.A.b.10.2Professional and management consulting services |
2985 |
3199 |
-214 |
10626 |
11991 |
-1365 |
1.A.b.10.3Technical, trade-related, and other business services |
2665 |
3502 |
-836 |
11319 |
14227 |
-290 |
Statement I: Standard Presentation of BoP as per BPM6 (Concld.) |
(US$ million) |
Item |
Jan-Mar 2011 (P) |
Apr-Mar 2010-11 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
10 |
11 |
12 |
13 |
14 |
15 |
1.A.b.11 Personal, cultural, and recreational services |
70 |
139 |
-69 |
227 |
543 |
-316 |
1.A.b.11.1Audiovisual and related services |
38 |
25 |
14 |
117 |
147 |
-30 |
1.A.b.11.2Other personal, cultural, and recreational services |
31 |
114 |
-83 |
110 |
396 |
-287 |
1.A.b.12 Government goods and services n.i.e. |
165 |
277 |
-111 |
535 |
820 |
-285 |
1.A.b.13 Others n.i.e. |
176 |
2705 |
-2529 |
7114 |
13681 |
-6567 |
1.B Primary Income (1.B.1to1.B.3) |
2177 |
6030 |
-3853 |
9102 |
23965 |
-14863 |
1.B.1 Compensation of employees |
357 |
563 |
-206 |
1116 |
2081 |
-965 |
1.B.2 Investment income |
1820 |
5467 |
-3646 |
7986 |
21884 |
-13898 |
1.B.2.1 Direct investment |
729 |
5386 |
-4657 |
3824 |
21513 |
-17689 |
1.B.2.1.1 Income on equity and investment fund shares |
583 |
3289 |
-2707 |
2049 |
14325 |
-12275 |
1.B.2.1.2 Interest |
147 |
2097 |
-1950 |
1775 |
7188 |
-5414 |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
1.B.2.2.1 Investment income on equity and investment fund shares |
– |
– |
– |
– |
– |
– |
1.B.2.2.2 Interest |
– |
– |
– |
– |
– |
– |
1.B.2.3 Other investment |
– |
75 |
-75 |
– |
353 |
-353 |
1.B.2.4 Reserve assets |
1091 |
6 |
1085 |
4162 |
18 |
4144 |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
1.C Secondary Income (1.C.1+1.C.2) |
14572 |
723 |
13848 |
55861 |
2494 |
53368 |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
14572 |
723 |
13848 |
55861 |
2494 |
53368 |
1.C.1.1 Personal transfers (Current transfers between resident and non-resident households) |
13958 |
609 |
13350 |
53801 |
2078 |
51724 |
Of which: |
|
|
|
|
|
|
1.C.1.1.1 Workers’ remittances |
7282 |
609 |
6673 |
27408 |
2078 |
25331 |
1.C.1.2 Other current transfers |
613 |
115 |
499 |
2060 |
416 |
1644 |
2 Capital Account (2.1+2.2) |
131 |
155 |
-24 |
685 |
645 |
40 |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
24 |
2 |
22 |
38 |
14 |
25 |
2.2 Capital transfers |
107 |
154 |
-47 |
647 |
631 |
16 |
2.2.1 General government |
107 |
154 |
-47 |
647 |
631 |
16 |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
2.2.1.2 Other capital transfers |
107 |
154 |
-47 |
647 |
631 |
16 |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
3 Financial Account (3.1 to 3.5) |
115699 |
109516 |
6183 |
495992 |
449329 |
46663 |
3.1 Direct Investment (3.1A+3.1B) |
6899 |
6323 |
576 |
32941 |
25804 |
7138 |
3.1.A Direct Investment in India |
6292 |
1419 |
4873 |
30380 |
7018 |
23362 |
3.1.1 Equity and investment fund shares |
5966 |
1341 |
4624 |
29728 |
6514 |
23214 |
3.1.1.1 Equity other than reinvestment of earnings |
3610 |
1341 |
2269 |
20304 |
6514 |
13791 |
3.1.1.1.1 Direct investor in direct investment enterprises |
3610 |
1341 |
2269 |
20304 |
6514 |
13791 |
3.1.1.1.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.1.1.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.1.1.2 Reinvestment of earnings |
2356 |
– |
2356 |
9424 |
– |
9424 |
3.1.2 Debt instruments |
327 |
78 |
249 |
652 |
504 |
147 |
3.1.2.1 Direct investor in direct investment enterprises |
327 |
78 |
249 |
652 |
504 |
147 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.1.B Direct Investment by India |
606 |
4904 |
-4297 |
2562 |
18785 |
-16224 |
3.1.1 Equity and investment fund shares |
606 |
2700 |
-2094 |
2562 |
11321 |
-8759 |
3.1.1.1 Equity other than reinvestment of earnings |
606 |
2429 |
-1823 |
2562 |
10237 |
-7675 |
3.1.1.1.1 Direct investor in direct investment enterprises |
606 |
2429 |
-1823 |
2562 |
10237 |
-7675 |
3.1.1.1.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.1.1.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.1.1.2 Reinvestment of earnings |
– |
271 |
-271 |
– |
1084 |
-1084 |
Statement I: Standard Presentation of BoP as per BPM6 (Concld.) |
(US$ million) |
Item |
Jan-Mar 2011 (P) |
Apr-Mar 2010-11 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
10 |
11 |
12 |
13 |
14 |
15 |
3.1.2 Debt instruments |
– |
2203 |
-2203 |
– |
7465 |
-7465 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
2203 |
-2203 |
– |
7465 |
-7465 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
48624 |
48637 |
-13 |
251903 |
223660 |
28243 |
3.2A Portfolio Investment in India |
48231 |
48265 |
-34 |
251125 |
221704 |
29422 |
3.2.1 Equity and investment fund shares |
34492 |
35015 |
-523 |
187837 |
143950 |
43887 |
3.2.2 Debt securities |
13739 |
13250 |
489 |
63289 |
77754 |
-14465 |
3.2.B Portfolio Investment by India |
393 |
372 |
21 |
777 |
1956 |
-1179 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
60176 |
52525 |
7651 |
211148 |
186815 |
24332 |
3.4.1 Other equity (ADRs/GDRs) |
210 |
– |
210 |
2049 |
– |
2049 |
3.4.2 Currency and deposits |
15375 |
13417 |
1958 |
50954 |
47186 |
3768 |
3.4.2.1 Central bank |
1613 |
545 |
1068 |
1702 |
1172 |
529 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
13763 |
12873 |
890 |
49252 |
46014 |
3238 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
17953 |
17524 |
429 |
72338 |
54280 |
18058 |
3.4.3A Loans to India |
17146 |
17008 |
138 |
70422 |
52665 |
17757 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
10108 |
12844 |
-2737 |
41369 |
40175 |
1194 |
3.4.3.3 General government (External Assistance) |
1446 |
689 |
757 |
7805 |
2840 |
4965 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
5592 |
3474 |
2118 |
21248 |
9651 |
11597 |
3.4.3B Loans by India |
807 |
517 |
290 |
1916 |
1614 |
302 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
19 |
25 |
-6 |
76 |
102 |
-26 |
3.4.3.4 Other sectors |
788 |
491 |
297 |
1840 |
1513 |
328 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
22150 |
19442 |
2708 |
75732 |
64742 |
10990 |
3.4.5.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.5.2 General government |
– |
– |
– |
– |
– |
– |
3.4.5.3 Deposit-taking corporations |
– |
– |
– |
– |
– |
– |
3.4.5.4 Other sectors |
22150 |
19442 |
2708 |
75732 |
64742 |
10990 |
3.4.6 Other accounts receivable/payable—other |
4487 |
2141 |
2346 |
10074 |
20608 |
-10534 |
3.4.7 Special drawing rights |
– |
– |
– |
– |
– |
– |
3.5 Reserve assets |
– |
2031 |
-2031 |
– |
13050 |
-13050 |
3.5.1 Monetary gold |
– |
– |
– |
– |
– |
– |
3.5.2 Special drawing rights n.a. |
– |
– |
– |
– |
– |
– |
3.5.3 Reserve position in the IMF n.a. |
– |
– |
– |
– |
– |
– |
3.5.4 Other reserve assets (Foreign Currency Assets) |
– |
2031 |
-2031 |
– |
13050 |
-13050 |
3.5.4.1 Currency,deposits and securities |
– |
2031 |
-2031 |
– |
13050 |
-13050 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
115830 |
109671 |
6159 |
496677 |
449974 |
46703 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
41457 |
39428 |
2029 |
220904 |
163741 |
57163 |
3.0.2 Debt instruments |
14066 |
15532 |
-1466 |
63940 |
85723 |
-21782 |
3.0.3 Other financial assets and liabilities |
60176 |
54556 |
5620 |
211148 |
199866 |
11282 |
4 Net errors and omissions |
|
|
-804 |
|
|
-2409 |
– Not Available. Discrepancy in data, if any, between standard format and earlier format is due to rounding off. |
Annex 1: India’s Overall Balance of Payments |
(Earlier Format) |
(US$ million) |
Item |
2007-08 (PR) |
2008-09 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
166,162 |
257,629 |
-91,467 |
189,001 |
308,521 |
-119,520 |
|
II. INVISIBLES (a+b+c) |
148,875 |
73,144 |
75,731 |
167,819 |
76,214 |
91,605 |
|
a) Services |
90,342 |
51,490 |
38,853 |
105,963 |
52,047 |
53,916 |
|
i) Travel |
11,349 |
9,258 |
2,091 |
10,894 |
9,425 |
1,469 |
|
ii) Transportation |
10,014 |
11,514 |
-1,500 |
11,310 |
12,820 |
-1,509 |
|
iii) Insurance |
1,639 |
1,044 |
595 |
1,422 |
1,130 |
292 |
|
iv) G.n.i.e. |
331 |
376 |
-45 |
389 |
793 |
-404 |
|
v) Miscellaneous |
67,010 |
29,298 |
37,712 |
81,948 |
27,878 |
54,070 |
|
of which |
|
|
|
|
|
|
|
Software Services |
40,300 |
3,358 |
36,942 |
46,300 |
2,564 |
43,736 |
|
Business Services |
16,772 |
16,553 |
219 |
18,603 |
15,317 |
3,286 |
|
Financial Services |
3,217 |
3,133 |
84 |
4,428 |
2,958 |
1,470 |
|
Communication Services |
2,408 |
860 |
1,548 |
2,298 |
1,087 |
1,211 |
|
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 |
21,418 |
-7,110 |
|
i) Investment Income |
13,811 |
18,244 |
-4,433 |
13,483 |
20,109 |
-6,626 |
|
ii) Compensation of Employees |
461 |
1,095 |
-635 |
825 |
1,309 |
-484 |
|
Total Current Account (I+II) |
315,037 |
330,774 |
-15,737 |
356,820 |
384,735 |
-27,915 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
271,122 |
227,796 |
43,326 |
167,594 |
161,809 |
5,785 |
|
a) Foreign Direct Investment (i+ii) |
37,321 |
21,429 |
15,893 |
38,940 |
19,124 |
19,816 |
|
i) In India |
34,844 |
116 |
34,728 |
37,837 |
166 |
37,672 |
|
Equity |
26,865 |
108 |
26,757 |
28,029 |
166 |
27,863 |
|
Reinvested Earnings |
7,679 |
– |
7,679 |
9,032 |
– |
9,032 |
|
Other Capital |
300 |
8 |
292 |
776 |
– |
776 |
|
ii) Abroad |
2,477 |
21,312 |
-18,835 |
1,103 |
18,958 |
-17,855 |
|
Equity |
2,477 |
16,899 |
-14,422 |
1,103 |
14,791 |
-13,688 |
|
Reinvested Earnings |
– |
1,084 |
-1,084 |
– |
1,084 |
-1,084 |
|
Other Capital |
– |
3,330 |
-3,330 |
– |
3,083 |
-3,083 |
|
b) Portfolio Investment |
233,800 |
206,367 |
27,433 |
128,654 |
142,685 |
-14,031 |
|
i) In India |
233,564 |
206,294 |
27,270 |
128,511 |
142,365 |
-13,854 |
|
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 |
62,219 |
53,901 |
8,318 |
|
a) External Assistance |
4,241 |
2,126 |
2,114 |
5,232 |
2,791 |
2,441 |
|
i) By India |
23 |
28 |
-4 |
72 |
416 |
-344 |
|
ii) To India |
4,217 |
2,098 |
2,119 |
5,160 |
2,375 |
2,785 |
|
b) Commercial Borrowings |
30,293 |
7,684 |
22,609 |
15,223 |
7,361 |
7,862 |
|
i) By India |
1,593 |
1,624 |
-31 |
1,997 |
783 |
1,214 |
|
ii) To India |
28,700 |
6,060 |
22,640 |
13,226 |
6,578 |
6,648 |
|
c) Short Term to India |
47,658 |
31,729 |
15,930 |
41,765 |
43,750 |
-1,985 |
|
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 |
2,950 |
5,398 |
-2,448 |
|
3. Banking Capital (a+b) |
55,814 |
44,055 |
11,759 |
65,207 |
68,453 |
-3,246 |
|
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 |
113 |
585 |
-472 |
|
4. Rupee Debt Service |
– |
122 |
-122 |
– |
100 |
-100 |
|
5. Other Capital |
29,229 |
18,261 |
10,969 |
18,612 |
22,602 |
-3,990 |
|
Total Capital Account (1to5) |
438,357 |
331,772 |
106,585 |
313,632 |
306,864 |
6,768 |
C. |
Errors & Omissions |
1,316 |
– |
1,316 |
1,067 |
– |
1,067 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
754,710 |
662,546 |
92,164 |
671,519 |
691,599 |
-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 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
P: Preliminary. PR: Partially Revised. |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
2009-10 (PR) |
2010-11 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
7 |
8 |
9 |
10 |
11 |
12 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
182,235 |
300,609 |
-118,374 |
250,468 |
380,935 |
-130,467 |
|
II. INVISIBLES (a+b+c) |
163,404 |
83,413 |
79,991 |
197,583 |
111,397 |
86,186 |
|
a) Services |
95,759 |
60,033 |
35,726 |
131,972 |
84,308 |
47,664 |
|
i) Travel |
11,859 |
9,342 |
2,517 |
15,275 |
11,232 |
4,043 |
|
ii) Transportation |
11,177 |
11,934 |
-757 |
14,277 |
13,880 |
397 |
|
iii) Insurance |
1,603 |
1,286 |
317 |
1,949 |
1,400 |
549 |
|
iv) G.n.i.e. |
440 |
526 |
-86 |
534 |
820 |
-286 |
|
v) Miscellaneous |
70,680 |
36,945 |
33,735 |
99,937 |
56,976 |
42,961 |
|
of which |
|
|
|
|
|
|
|
Software Services |
49,705 |
1,469 |
48,236 |
59,001 |
2,195 |
56,806 |
|
Business Services |
11,368 |
18,049 |
-6,681 |
24,049 |
27,871 |
-3,822 |
|
Financial Services |
3,736 |
4,643 |
-907 |
6,508 |
7,483 |
-975 |
|
Communication Services |
1,229 |
1,355 |
-126 |
1,562 |
1,152 |
410 |
|
b) Transfers |
54,623 |
2,318 |
52,305 |
56,509 |
3,124 |
53,385 |
|
i) Official |
723 |
473 |
250 |
648 |
631 |
17 |
|
ii) Private |
53,900 |
1,845 |
52,055 |
55,861 |
2,493 |
53,368 |
|
c) Income |
13,022 |
21,062 |
-8,040 |
9,102 |
23,965 |
-14,863 |
|
i) Investment Income |
12,108 |
19,357 |
-7,249 |
7,985 |
21,885 |
-13,900 |
|
ii) Compensation of Employees |
914 |
1,705 |
-791 |
1,117 |
2,080 |
-963 |
|
Total Current Account (I+II) |
345,639 |
384,022 |
-38,383 |
448,051 |
492,332 |
-44,281 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
198,669 |
147,502 |
51,167 |
286,896 |
249,462 |
37,434 |
|
a) Foreign Direct Investment (i+ii) |
38,500 |
19,729 |
18,771 |
32,944 |
25,802 |
7,142 |
|
i) In India |
37,762 |
4,638 |
33,124 |
30,382 |
7,018 |
23,364 |
|
Equity |
27,149 |
4,242 |
22,907 |
20,306 |
6,514 |
13,792 |
|
Reinvested Earnings |
8,668 |
– |
8,668 |
9,424 |
– |
9,424 |
|
Other Capital |
1,945 |
396 |
1,549 |
652 |
504 |
148 |
|
ii) Abroad |
738 |
15,091 |
-14,353 |
2,562 |
18,784 |
-16,222 |
|
Equity |
738 |
10,052 |
-9,314 |
2,562 |
10,236 |
-7,674 |
|
Reinvested Earnings |
– |
1,084 |
-1,084 |
– |
1,084 |
-1,084 |
|
Other Capital |
– |
3,955 |
-3,955 |
– |
7,464 |
-7,464 |
|
b) Portfolio Investment |
160,169 |
127,773 |
32,396 |
253,952 |
223,660 |
30,292 |
|
i) In India |
159,897 |
127,521 |
32,376 |
253,175 |
221,704 |
31,471 |
|
of which |
|
|
|
|
|
|
|
FIIs |
156,570 |
127,521 |
29,049 |
251,126 |
221,704 |
29,422 |
|
GDRs/ADRs |
3,328 |
– |
3,328 |
2,049 |
– |
2,049 |
|
ii) Abroad |
272 |
252 |
20 |
777 |
1,956 |
-1,179 |
|
2. Loans (a+b+c) |
74,116 |
60,857 |
13,259 |
106,702 |
78,843 |
27,859 |
|
a) External Assistance |
5,898 |
3,005 |
2,893 |
7,881 |
2,940 |
4,941 |
|
i) By India |
52 |
420 |
-368 |
76 |
100 |
-24 |
|
ii) To India |
5,846 |
2,585 |
3,261 |
7,805 |
2,840 |
4,965 |
|
b) Commercial Borrowings |
14,954 |
12,146 |
2,808 |
23,089 |
11,162 |
11,927 |
|
i) By India |
974 |
1,505 |
-531 |
1,840 |
1,512 |
328 |
|
ii) To India |
13,980 |
10,641 |
3,339 |
21,249 |
9,650 |
11,599 |
|
c) Short Term to India |
53,264 |
45,706 |
7,558 |
75,732 |
64,741 |
10,991 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
48,571 |
43,914 |
4,657 |
72,086 |
64,741 |
7,345 |
|
ii) Suppliers’ Credit up to 180 days |
4,693 |
1,792 |
2,901 |
3,646 |
– |
3,646 |
|
3. Banking Capital (a+b) |
61,499 |
59,415 |
2,084 |
92,324 |
87,361 |
4,963 |
|
a) Commercial Banks |
60,893 |
58,966 |
1,927 |
90,622 |
86,188 |
4,434 |
|
i) Assets |
17,097 |
15,259 |
1,838 |
35,370 |
38,666 |
-3,296 |
|
ii) Liabilities |
43,796 |
43,707 |
89 |
55,252 |
47,522 |
7,730 |
|
of which: Non-Resident Deposits |
41,356 |
38,432 |
2,924 |
49,253 |
46,014 |
3,239 |
|
b) Others |
606 |
449 |
157 |
1,702 |
1,173 |
529 |
|
4. Rupee Debt Service |
– |
97 |
-97 |
– |
69 |
-69 |
|
5. Other Capital |
11,390 |
24,406 |
-13,016 |
10,113 |
20,553 |
-10,440 |
|
Total Capital Account (1to5) |
345,674 |
292,277 |
53,397 |
496,035 |
436,288 |
59,747 |
C. |
Errors & Omissions |
– |
1,573 |
-1,573 |
– |
2,416 |
-2,416 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
691,313 |
677,872 |
13,441 |
944,086 |
931,036 |
13,050 |
E. |
Monetary Movements (i+ii) |
– |
13,441 |
-13,441 |
– |
13,050 |
-13,050 |
|
i) I.M.F. |
– |
– |
– |
– |
– |
– |
|
ii) Foreign Exchange Reserves ( Increase -/Decrease +) |
– |
13,441 |
-13,441 |
– |
13,050 |
-13,050 |
|
Of which: SDR Allocation |
– |
5,160 |
-5,160 |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Apr-Jun 2006 (R) |
Jul-Sep 2006 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
13 |
14 |
15 |
16 |
17 |
18 |
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 |
|
In India |
30,801 |
31,327 |
-526 |
17,929 |
15,789 |
2,140 |
|
of which |
|
|
|
|
|
|
|
FIIs |
29540 |
31327 |
-1787 |
17469 |
15789 |
1680 |
|
GDRs/ADRs |
1261 |
– |
1261 |
460 |
– |
460 |
|
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 (MT<) |
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 (1to5) |
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 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Oct-Dec 2006 (R) |
Jan-Mar 2007 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
19 |
20 |
21 |
22 |
23 |
24 |
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 |
|
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 |
|
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 (MT<) |
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 (1to5) |
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 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Apr-Jun 2007 (PR) |
Jul-Sep 2007 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
25 |
26 |
27 |
28 |
29 |
30 |
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 |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
485 |
-485 |
– |
569 |
-569 |
|
b) Portfolio Investment |
34,764 |
27,222 |
7,542 |
48,704 |
37,803 |
10,900 |
|
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 |
|
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 (1to5) |
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 |
167,769 |
138,533 |
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 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Oct-Dec 2007 (PR) |
Jan-Mar 2008 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
31 |
32 |
33 |
34 |
35 |
36 |
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 |
|
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 |
|
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 (1to5) |
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)) |
206,333 |
179,595 |
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 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Apr-June 2008 (PR) |
July-Sept 2008 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
37 |
38 |
39 |
40 |
41 |
42 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
57,454 |
82,655 |
-25,201 |
53,630 |
92,752 |
-39,121 |
|
II. INVISIBLES (a+b+c) |
39,986 |
18,186 |
21,800 |
46,919 |
20,062 |
26,857 |
|
a) Services |
23,616 |
12,344 |
11,272 |
29,001 |
13,525 |
15,476 |
|
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 |
18,017 |
6,515 |
11,502 |
22,716 |
6,662 |
16,054 |
|
of which |
|
|
|
|
|
|
|
Software Services |
12,081 |
844 |
11,237 |
12,120 |
685 |
11,435 |
|
Business Services |
4,087 |
3,217 |
870 |
5,410 |
3,916 |
1,494 |
|
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 |
5,187 |
-1,615 |
4,145 |
5,706 |
-1,561 |
|
i) Investment Income |
3,418 |
4,859 |
-1,441 |
3,855 |
5,375 |
-1,520 |
|
ii) Compensation of Employees |
155 |
328 |
-174 |
290 |
331 |
-41 |
|
Total Current Account (I+II) |
97,440 |
100,841 |
-3,400 |
100,550 |
112,814 |
-12,264 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
53,674 |
48,684 |
4,989 |
52,550 |
48,251 |
4,299 |
|
a) Foreign Direct Investment (i+ii) |
12,906 |
3,710 |
9,196 |
9,920 |
4,309 |
5,610 |
|
i) In India |
12,670 |
21 |
12,649 |
9,604 |
52 |
9,552 |
|
Equity |
10,248 |
21 |
10,227 |
7,312 |
52 |
7,260 |
|
Reinvested Earnings |
2,258 |
– |
2,258 |
2,258 |
– |
2,258 |
|
Other Capital |
164 |
– |
164 |
34 |
– |
34 |
|
ii) Abroad |
236 |
3,688 |
-3,452 |
316 |
4,257 |
-3,941 |
|
Equity |
236 |
2,661 |
-2,425 |
316 |
3,299 |
-2,983 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
756 |
-756 |
– |
687 |
-687 |
|
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) |
15,901 |
9,704 |
6,197 |
16,305 |
13,739 |
2,566 |
|
a) External Assistance |
941 |
655 |
286 |
1,122 |
673 |
449 |
|
i) By India |
18 |
104 |
-86 |
18 |
104 |
-86 |
|
ii) To India |
923 |
551 |
372 |
1,104 |
569 |
535 |
|
b) Commercial Borrowings |
2,754 |
1,270 |
1,484 |
3,574 |
1,859 |
1,714 |
|
i) By India |
403 |
190 |
213 |
532 |
138 |
393 |
|
ii) To India |
2,351 |
1,080 |
1,271 |
3,042 |
1,721 |
1,321 |
|
c) Short Term to India |
12,206 |
7,779 |
4,427 |
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 to180 days |
2,950 |
– |
2,950 |
– |
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 |
4,604 |
13,015 |
-8,411 |
4,886 |
7,682 |
-2,796 |
|
Total Capital Account (1to5) |
96,166 |
90,724 |
5,442 |
90,101 |
83,760 |
6,341 |
C. |
Errors & Omissions |
194 |
– |
194 |
1,189 |
– |
1,189 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
193,800 |
191,565 |
2,235 |
191,840 |
196,574 |
-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 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Oct-Dec 2008 (PR) |
Jan-Mar 2009 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
43 |
44 |
45 |
46 |
47 |
48 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
39,436 |
74,428 |
-34,992 |
38,481 |
58,686 |
-20,205 |
|
II. INVISIBLES (a+b+c) |
42,416 |
19,294 |
23,122 |
38,498 |
18,673 |
19,825 |
|
a) Services |
28,227 |
13,099 |
15,128 |
25,119 |
13,078 |
12,040 |
|
i) Travel |
2,924 |
1,946 |
979 |
2,680 |
2,606 |
74 |
|
ii) Transportation |
2,738 |
3,241 |
-503 |
2,916 |
2,499 |
416 |
|
iii) Insurance |
347 |
268 |
79 |
348 |
329 |
18 |
|
iv) G.n.i.e. |
97 |
233 |
-136 |
81 |
355 |
-273 |
|
v) Miscellaneous |
22,121 |
7,412 |
14,709 |
19,094 |
7,289 |
11,805 |
|
of which |
|
|
|
|
|
|
|
Software Services |
11,274 |
580 |
10,694 |
10,825 |
455 |
10,370 |
|
Business Services |
4,851 |
3,568 |
1,283 |
4,255 |
4,616 |
-361 |
|
Financial Services |
1,112 |
740 |
372 |
1,028 |
633 |
395 |
|
Communication Services |
547 |
257 |
290 |
501 |
308 |
193 |
|
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 |
5,349 |
-2,157 |
3,399 |
5,176 |
-1,777 |
|
i) Investment Income |
3,000 |
5,011 |
-2,011 |
3,210 |
4,864 |
-1,654 |
|
ii) Compensation of Employees |
192 |
338 |
-146 |
189 |
312 |
-123 |
|
Total Current Account (I+II) |
81,851 |
93,722 |
-11,870 |
76,979 |
77,359 |
-380 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
33,709 |
38,820 |
-5,111 |
27,661 |
26,053 |
1,608 |
|
a) Foreign Direct Investment (i+ii) |
7,112 |
6,402 |
710 |
9,003 |
4,703 |
4,300 |
|
i) In India |
6,901 |
29 |
6,872 |
8,662 |
63 |
8,599 |
|
Equity |
4,117 |
29 |
4,088 |
6,352 |
63 |
6,289 |
|
Reinvested Earnings |
2,258 |
– |
2,258 |
2,258 |
– |
2,258 |
|
Other Capital |
526 |
– |
526 |
52 |
– |
52 |
|
ii) Abroad |
210 |
6,373 |
-6,163 |
341 |
4,640 |
-4,299 |
|
Equity |
210 |
5,020 |
-4,810 |
341 |
3,811 |
-3,470 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
1,082 |
-1,082 |
– |
558 |
-558 |
|
b) Portfolio Investment |
26,597 |
32,418 |
-5,821 |
18,658 |
21,350 |
-2,692 |
|
i) In India |
26,568 |
32,355 |
-5,787 |
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) |
15,803 |
15,419 |
384 |
14,210 |
15,039 |
-829 |
|
a) External Assistance |
1,692 |
759 |
933 |
1,477 |
704 |
773 |
|
i) By India |
18 |
104 |
-86 |
18 |
104 |
-86 |
|
ii) To India |
1,674 |
655 |
1,019 |
1,459 |
600 |
859 |
|
b) Commercial Borrowings |
5,395 |
1,724 |
3,671 |
3,499 |
2,507 |
992 |
|
i) By India |
662 |
148 |
514 |
399 |
306 |
93 |
|
ii) To India |
4,733 |
1,576 |
3,157 |
3,100 |
2,201 |
899 |
|
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 |
5,005 |
693 |
4,312 |
4,117 |
1,212 |
2,905 |
|
Total Capital Account (1to5) |
69,346 |
74,718 |
-5,372 |
58,019 |
57,662 |
357 |
C. |
Errors & Omissions |
– |
639 |
-639 |
323 |
– |
323 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
151,197 |
169,079 |
-17,881 |
135,321 |
135,021 |
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 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Apr-June 2009 (PR) |
July-Sept 2009 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
49 |
50 |
51 |
52 |
53 |
54 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
39,166 |
65,434 |
-26,268 |
43,403 |
72,985 |
-29,582 |
|
II. INVISIBLES (a+b+c) |
38,686 |
16,583 |
22,103 |
40,502 |
20,094 |
20,408 |
|
a) Services |
22,391 |
10,956 |
11,435 |
21,368 |
13,705 |
7,663 |
|
i) Travel |
2,297 |
2,035 |
262 |
2,719 |
2,357 |
362 |
|
ii) Transportation |
2,501 |
2,777 |
-276 |
2,570 |
2,221 |
349 |
|
iii) Insurance |
388 |
314 |
74 |
384 |
341 |
43 |
|
iv) G.n.i.e. |
100 |
103 |
-3 |
100 |
130 |
-30 |
|
v) Miscellaneous |
17,105 |
5,727 |
11,378 |
15,595 |
8,656 |
6,939 |
|
of which |
|
|
|
|
|
|
|
Software Services |
11,004 |
391 |
10,613 |
11,207 |
438 |
10,769 |
|
Business Services |
2,586 |
3,295 |
-709 |
2,504 |
4,612 |
-2,108 |
|
Financial Services |
1,116 |
835 |
281 |
732 |
1,135 |
-403 |
|
Communication Services |
418 |
278 |
140 |
307 |
313 |
-6 |
|
b) Transfers |
13,345 |
470 |
12,875 |
14,385 |
568 |
13,817 |
|
i) Official |
47 |
110 |
-63 |
168 |
108 |
60 |
|
ii) Private |
13,298 |
360 |
12,938 |
14,217 |
460 |
13,757 |
|
c) Income |
2,950 |
5,157 |
-2,207 |
4,749 |
5,821 |
-1,072 |
|
i) Investment Income |
2,723 |
4,806 |
-2,083 |
4,544 |
5,479 |
-935 |
|
ii) Compensation of Employees |
227 |
351 |
-124 |
205 |
342 |
-137 |
|
Total Current Account (I+II) |
77,852 |
82,017 |
-4,165 |
83,905 |
93,079 |
-9,174 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
48,576 |
35,481 |
13,095 |
55,940 |
38,760 |
17,180 |
|
a) Foreign Direct Investment (i+ii) |
9,951 |
5,124 |
4,827 |
11,580 |
4,077 |
7,503 |
|
i) In India |
9,826 |
926 |
8,900 |
11,485 |
632 |
10,853 |
|
Equity |
7,290 |
900 |
6,390 |
8,547 |
597 |
7,950 |
|
Reinvested Earnings |
2,167 |
– |
2,167 |
2,167 |
– |
2,167 |
|
Other Capital |
369 |
26 |
343 |
771 |
35 |
736 |
|
ii) Abroad |
125 |
4,198 |
-4,073 |
95 |
3,445 |
-3,350 |
|
Equity |
125 |
2,983 |
-2,858 |
95 |
2,137 |
-2,042 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
944 |
-944 |
– |
1,037 |
-1,037 |
|
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) |
13,112 |
14,543 |
-1,431 |
16,628 |
13,495 |
3,133 |
|
a) External Assistance |
1,014 |
728 |
286 |
1,477 |
740 |
737 |
|
i) By India |
13 |
105 |
-92 |
13 |
105 |
-92 |
|
ii) To India |
1,001 |
623 |
378 |
1,464 |
635 |
829 |
|
b) Commercial Borrowings |
1,972 |
2,433 |
-461 |
3,223 |
2,034 |
1,189 |
|
i) By India |
244 |
333 |
-89 |
206 |
215 |
-9 |
|
ii) To India |
1,728 |
2,100 |
-372 |
3,017 |
1,819 |
1,198 |
|
c) Short Term to India |
10,126 |
11,382 |
-1,256 |
11,928 |
10,721 |
1,207 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
10,126 |
9,590 |
536 |
10,994 |
10,721 |
273 |
|
ii) Suppliers’ Credit up to 180 days |
– |
1,792 |
-1,792 |
934 |
– |
934 |
|
3. Banking Capital (a+b) |
15,577 |
18,943 |
-3,366 |
16,543 |
12,132 |
4,411 |
|
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 |
– |
143 |
-143 |
|
4. Rupee Debt Service |
– |
23 |
-23 |
– |
1 |
-1 |
|
5. Other Capital |
552 |
5,169 |
-4,617 |
6,898 |
12,315 |
-5,417 |
|
Total Capital Account (1to5) |
77,817 |
74,159 |
3,658 |
96,009 |
76,703 |
19,306 |
C. |
Errors & Omissions |
622 |
– |
622 |
– |
714 |
-714 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
156,291 |
156,176 |
115 |
179,914 |
170,496 |
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 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Oct-Dec 2009 (PR) |
Jan-Mar 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
55 |
56 |
57 |
58 |
59 |
60 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
47,170 |
78,097 |
-30,927 |
52,496 |
84,093 |
-31,597 |
|
II. INVISIBLES (a+b+c) |
40,472 |
21,748 |
18,724 |
43,744 |
24,988 |
18,756 |
|
a) Services |
24,159 |
15,993 |
8,166 |
27,841 |
19,379 |
8,462 |
|
i) Travel |
3,440 |
2,312 |
1,128 |
3,403 |
2,638 |
765 |
|
ii) Transportation |
2,991 |
3,366 |
-375 |
3,115 |
3,570 |
-455 |
|
iii) Insurance |
408 |
305 |
103 |
423 |
326 |
97 |
|
iv) G.n.i.e. |
124 |
134 |
-10 |
116 |
159 |
-43 |
|
v) Miscellaneous |
17,196 |
9,876 |
7,320 |
20,784 |
12,686 |
8,098 |
|
of which |
|
|
|
|
|
|
|
Software Services |
13,197 |
333 |
12,864 |
14,297 |
307 |
13,990 |
|
Business Services |
2,460 |
4,571 |
-2,111 |
3,818 |
5,571 |
-1,753 |
|
Financial Services |
785 |
1,156 |
-371 |
1,103 |
1,517 |
-414 |
|
Communication Services |
259 |
381 |
-122 |
245 |
383 |
-138 |
|
b) Transfers |
13,677 |
638 |
13,039 |
13,216 |
642 |
12,574 |
|
i) Official |
382 |
113 |
269 |
126 |
142 |
-16 |
|
ii) Private |
13,295 |
525 |
12,770 |
13,090 |
500 |
12,590 |
|
c) Income |
2,636 |
5,117 |
-2,481 |
2,687 |
4,967 |
-2,280 |
|
i) Investment Income |
2,385 |
4,597 |
-2,212 |
2,456 |
4,475 |
-2,019 |
|
ii) Compensation of Employees |
251 |
520 |
-269 |
231 |
492 |
-261 |
|
Total Current Account (I+II) |
87,642 |
99,845 |
-12,203 |
96,240 |
109,081 |
-12,841 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
44,689 |
35,965 |
8,724 |
49,464 |
37,296 |
12,168 |
|
a) Foreign Direct Investment (i+ii) |
8,908 |
5,869 |
3,039 |
8,061 |
4,659 |
3,402 |
|
i) In India |
8,714 |
1,469 |
7,245 |
7,737 |
1,611 |
6,126 |
|
Equity |
5,959 |
1,233 |
4,726 |
5,353 |
1,512 |
3,841 |
|
Reinvested Earnings |
2,167 |
– |
2,167 |
2,167 |
– |
2,167 |
|
Other Capital |
588 |
236 |
352 |
217 |
99 |
118 |
|
ii) Abroad |
194 |
4,400 |
-4,206 |
324 |
3,048 |
-2,724 |
|
Equity |
194 |
3,403 |
-3,209 |
324 |
1,529 |
-1,205 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
726 |
-726 |
– |
1,248 |
-1,248 |
|
b) Portfolio Investment |
35,781 |
30,096 |
5,685 |
41,403 |
32,637 |
8,766 |
|
i) In India |
35,770 |
30,041 |
5,729 |
41,169 |
32,493 |
8,676 |
|
of which |
|
|
|
|
|
|
|
FIIs |
35,295 |
30,041 |
5,254 |
41,023 |
32,493 |
8,530 |
|
GDRs/ADRs |
475 |
– |
475 |
146 |
– |
146 |
|
ii) Abroad |
11 |
55 |
-44 |
234 |
144 |
90 |
|
2. Loans (a+b+c) |
20,103 |
14,398 |
5,705 |
24,273 |
18,421 |
5,852 |
|
a) External Assistance |
1,646 |
802 |
844 |
1,761 |
735 |
1,026 |
|
i) By India |
13 |
105 |
-92 |
13 |
105 |
-92 |
|
ii) To India |
1,633 |
697 |
936 |
1,748 |
630 |
1,118 |
|
b) Commercial Borrowings |
4,550 |
2,842 |
1,708 |
5,209 |
4,837 |
372 |
|
i) By India |
227 |
570 |
-343 |
297 |
387 |
-90 |
|
ii) To India |
4,323 |
2,272 |
2,051 |
4,912 |
4,450 |
462 |
|
c) Short Term to India |
13,907 |
10,754 |
3,153 |
17,303 |
12,849 |
4,454 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
12,055 |
10,754 |
1,301 |
15,396 |
12,849 |
2,547 |
|
ii) Suppliers’ Credit up to 180 days |
1,852 |
– |
1,852 |
1,907 |
– |
1,907 |
|
3. Banking Capital (a+b) |
15,172 |
13,232 |
1,940 |
14,207 |
15,109 |
-902 |
|
a) Commercial Banks |
14,578 |
13,165 |
1,413 |
14,195 |
15,109 |
-914 |
|
i) Assets |
3,067 |
1,874 |
1,193 |
3,531 |
4,709 |
-1,178 |
|
ii) Liabilities |
11,511 |
11,291 |
220 |
10,664 |
10,399 |
265 |
|
of which : Non-Resident Deposits |
10,177 |
9,568 |
609 |
9,665 |
10,215 |
-550 |
|
b) Others |
594 |
67 |
527 |
12 |
– |
12 |
|
4. Rupee Debt Service |
– |
– |
– |
– |
73 |
-73 |
|
5. Other Capital |
1,597 |
3,338 |
-1,741 |
2,343 |
3,584 |
-1,241 |
|
Total Capital Account (1to5) |
81,561 |
66,933 |
14,628 |
90,287 |
74,483 |
15,804 |
C. |
Errors & Omissions |
– |
658 |
-658 |
– |
822 |
-822 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
169,203 |
167,436 |
1,767 |
186,527 |
184,386 |
2,141 |
E. |
Monetary Movements (i+ii) |
– |
1767 |
-1767 |
– |
2,141 |
-2,141 |
|
i) I.M.F. |
– |
– |
– |
– |
– |
– |
|
ii) Foreign Exchange Reserves ( Increase -/Decrease +) |
– |
1767 |
-1767 |
– |
– |
-2,141 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(Earlier Format) |
(US$ million) |
Item |
Apr-June 2010 (PR) |
July-Sept 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
61 |
62 |
63 |
64 |
65 |
66 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
55,301 |
87,160 |
-31,859 |
52,029 |
89,313 |
-37,284 |
|
II. INVISIBLES (a+b+c) |
43,249 |
23,492 |
19,757 |
46,899 |
26,413 |
20,486 |
|
a) Services |
26,640 |
17,052 |
9,588 |
31,272 |
19,598 |
11,674 |
|
i) Travel |
2,949 |
2,335 |
614 |
3,379 |
2,772 |
607 |
|
ii) Transportation |
3,143 |
3,134 |
9 |
3,277 |
3,524 |
-247 |
|
iii) Insurance |
410 |
310 |
100 |
442 |
386 |
56 |
|
iv) G.n.i.e. |
94 |
143 |
-49 |
125 |
205 |
-80 |
|
v) Miscellaneous |
20,044 |
11,130 |
8,914 |
24,049 |
12,711 |
11,338 |
|
of which |
|
|
|
|
|
|
|
Software Services |
13,114 |
575 |
12,539 |
13,191 |
585 |
12,606 |
|
Business Services |
4,819 |
5,916 |
-1,097 |
5,942 |
6,988 |
-1,046 |
|
Financial Services |
1,228 |
1,404 |
-176 |
1,819 |
1,905 |
-86 |
|
Communication Services |
325 |
241 |
84 |
417 |
266 |
151 |
|
b) Transfers |
13,754 |
726 |
13,028 |
13,654 |
677 |
12,977 |
|
i) Official |
59 |
141 |
-82 |
141 |
137 |
4 |
|
ii) Private |
13,695 |
585 |
13,110 |
13,513 |
540 |
12,973 |
|
c) Income |
2,855 |
5,714 |
-2,859 |
1,973 |
6,138 |
-4,165 |
|
i) Investment Income |
2,628 |
5,220 |
-2,592 |
1,726 |
5,693 |
-3,967 |
|
ii) Compensation of Employees |
227 |
494 |
-267 |
247 |
445 |
-198 |
|
Total Current Account (I+II) |
98,550 |
110,652 |
-12,102 |
98,928 |
115,726 |
-16,798 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
52,790 |
45,252 |
7,538 |
67,790 |
45,595 |
22,195 |
|
a) Foreign Direct Investment (i+ii) |
8,724 |
5,791 |
2,933 |
8,533 |
5,530 |
3,003 |
|
i) In India |
8,430 |
2,302 |
6,128 |
7,955 |
1,097 |
6,858 |
|
Equity |
5,991 |
2,278 |
3,713 |
5,452 |
1,034 |
4,418 |
|
Reinvested Earnings |
2,356 |
– |
2,356 |
2,356 |
– |
2,356 |
|
Other Capital |
83 |
24 |
59 |
147 |
63 |
84 |
|
ii) Abroad |
294 |
3,489 |
-3,195 |
578 |
4,433 |
-3,855 |
|
Equity |
294 |
2,059 |
-1,765 |
578 |
2,483 |
-1,905 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
1,159 |
-1,159 |
– |
1,679 |
-1,679 |
|
b) Portfolio Investment |
44,066 |
39,461 |
4,605 |
59,257 |
40,065 |
19,192 |
|
i) In India |
43,972 |
39,320 |
4,652 |
59,106 |
39,854 |
19,252 |
|
FIIs |
42,858 |
39,320 |
3,538 |
58,614 |
39,854 |
18,760 |
|
ADRs/GDRs |
1,114 |
– |
1,114 |
492 |
– |
492 |
|
ii) Abroad |
94 |
141 |
-47 |
151 |
211 |
-60 |
|
2. Loans (a+b+c) |
23,465 |
14,467 |
8,998 |
26,644 |
19,998 |
6,646 |
|
a) External Assistance |
3,210 |
758 |
2,452 |
1,271 |
687 |
584 |
|
i) By India |
19 |
25 |
-6 |
19 |
25 |
-6 |
|
ii) To India |
3,191 |
733 |
2,458 |
1,252 |
662 |
590 |
|
b) Commercial Borrowings |
4,430 |
2,203 |
2,227 |
5,953 |
2,510 |
3,443 |
|
i) By India |
185 |
243 |
-58 |
297 |
556 |
-259 |
|
ii) To India |
4,245 |
1,960 |
2,285 |
5,656 |
1,954 |
3,702 |
|
c) Short Term to India |
15,825 |
11,506 |
4,319 |
19,420 |
16,801 |
2,619 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
14,681 |
11,506 |
3,175 |
18,252 |
16,801 |
1,451 |
|
ii) Suppliers’ Credit up to180 days |
1,144 |
– |
1,144 |
1,168 |
– |
1,168 |
|
3. Banking Capital (a+b) |
16,745 |
12,742 |
4,003 |
16,992 |
20,155 |
-3,163 |
|
a) Commercial Banks |
16,743 |
12,718 |
4,025 |
16,992 |
19,551 |
-2,559 |
|
i) Assets |
3,263 |
2,558 |
705 |
4,195 |
8,025 |
-3,830 |
|
ii) Liabilities |
13,480 |
10,160 |
3,320 |
12,797 |
11,526 |
1,271 |
|
of which: Non-Resident Deposits |
11,252 |
10,133 |
1,119 |
11,672 |
10,628 |
1,044 |
|
b) Others |
2 |
24 |
-22 |
– |
604 |
-604 |
|
4. Rupee Debt Service |
– |
16 |
-16 |
– |
1 |
-1 |
|
5. Other Capital |
1,477 |
5,236 |
-3,759 |
698 |
5,010 |
-4,312 |
|
Total Capital Account (1to5) |
94,477 |
77,713 |
16,764 |
112,124 |
90,759 |
21,365 |
C. |
Errors & Omissions |
– |
921 |
-921 |
– |
1,278 |
-1,278 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
193,027 |
189,286 |
3,741 |
211,052 |
207,763 |
3,289 |
E. |
Monetary Movements (i+ii) |
– |
3,741 |
-3,741 |
– |
3,289 |
-3,289 |
|
i) I.M.F. |
– |
– |
– |
– |
– |
– |
|
ii) Foreign Exchange Reserves ( Increase -/Decrease +) |
– |
3,741 |
-3,741 |
– |
3,289 |
-3,289 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Concld.) |
(Earlier Format) |
(US$ million) |
Item |
Oct-Dec 2010 (PR) |
Jan-Mar 2011 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
67 |
68 |
69 |
70 |
71 |
72 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
|
I. MERCHANDISE |
65,898 |
97,362 |
-31,464 |
77,240 |
107,100 |
-29,860 |
|
II. INVISIBLES (a+b+c) |
55,075 |
33,588 |
21,487 |
52,360 |
27,904 |
24,456 |
|
a) Services |
38,556 |
26,662 |
11,894 |
35,504 |
20,996 |
14,508 |
|
i) Travel |
4,429 |
2,890 |
1,539 |
4,518 |
3,235 |
1,283 |
|
ii) Transportation |
3,713 |
3,984 |
-271 |
4,144 |
3,238 |
906 |
|
iii) Insurance |
507 |
403 |
104 |
590 |
301 |
289 |
|
iv) G.n.i.e. |
150 |
195 |
-45 |
165 |
277 |
-112 |
|
v) Miscellaneous |
29,757 |
19,190 |
10,567 |
26,087 |
13,945 |
12,142 |
|
of which |
|
|
|
|
|
|
|
Software Services |
15,684 |
709 |
14,975 |
17,012 |
326 |
16,686 |
|
Business Services |
7,085 |
8,014 |
-929 |
6,203 |
6,953 |
-750 |
|
Financial Services |
1,684 |
1,961 |
-277 |
1,777 |
2,213 |
-436 |
|
Communication Services |
424 |
304 |
120 |
396 |
341 |
55 |
|
b) Transfers |
14,422 |
844 |
13,578 |
14,679 |
877 |
13,802 |
|
i) Official |
341 |
199 |
142 |
107 |
154 |
-47 |
|
ii) Private |
14,081 |
645 |
13,436 |
14,572 |
723 |
13,849 |
|
c) Income |
2,097 |
6,082 |
-3,985 |
2,177 |
6,031 |
-3,854 |
|
i) Investment Income |
1,811 |
5,504 |
-3,693 |
1,820 |
5,468 |
-3,648 |
|
ii) Compensation of Employees |
286 |
578 |
-292 |
357 |
563 |
-206 |
|
Total Current Account (I+II) |
120,973 |
130,950 |
-9,977 |
129,600 |
135,004 |
-5,404 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
|
1. Foreign Investment (a+b) |
110,583 |
103,656 |
6,927 |
55,733 |
54,959 |
774 |
|
a) Foreign Direct Investment (i+ii) |
8,788 |
8,159 |
629 |
6,899 |
6,322 |
577 |
|
i) In India |
7,704 |
2,200 |
5,504 |
6,293 |
1,419 |
4,874 |
|
Equity |
5,253 |
1,861 |
3,392 |
3,610 |
1,341 |
2,269 |
|
Reinvested Earnings |
2,356 |
– |
2,356 |
2,356 |
– |
2,356 |
|
Other Capital |
95 |
339 |
-244 |
327 |
78 |
249 |
|
ii) Abroad |
1,084 |
5,959 |
-4,875 |
606 |
4,903 |
-4,297 |
|
Equity |
1,084 |
3,265 |
-2,181 |
606 |
2,429 |
-1,823 |
|
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
|
Other Capital |
– |
2,423 |
-2,423 |
– |
2,203 |
-2,203 |
|
b) Portfolio Investment |
101,795 |
95,497 |
6,298 |
48,834 |
48,637 |
197 |
|
i) In India |
101,656 |
94,265 |
7,391 |
48,441 |
48,265 |
176 |
|
FIIs |
101,423 |
94,265 |
7,158 |
48,231 |
48,265 |
-34 |
|
ADRs/GDRs |
233 |
– |
233 |
210 |
– |
210 |
|
ii) Abroad |
139 |
1,232 |
-1,093 |
393 |
372 |
21 |
|
2. Loans (a+b+c) |
26,598 |
20,257 |
6,341 |
29,995 |
24,121 |
5,874 |
|
a) External Assistance |
1,935 |
781 |
1,154 |
1,465 |
714 |
751 |
|
i) By India |
19 |
25 |
-6 |
19 |
25 |
-6 |
|
ii) To India |
1,916 |
756 |
1,160 |
1,446 |
689 |
757 |
|
b) Commercial Borrowings |
6,326 |
2,484 |
3,842 |
6,380 |
3,965 |
2,415 |
|
i) By India |
570 |
222 |
348 |
788 |
491 |
297 |
|
ii) To India |
5,756 |
2,262 |
3,494 |
5,592 |
3,474 |
2,118 |
|
c) Short Term to India |
18,337 |
16,992 |
1,345 |
22,150 |
19,442 |
2,708 |
|
i) Suppliers’ Credit >180 days & Buyers’ Credit |
18,031 |
16,992 |
1,039 |
21,122 |
19,442 |
1,680 |
|
ii) Suppliers’ Credit up to 180 days |
306 |
– |
306 |
1,028 |
– |
1,028 |
|
3. Banking Capital (a+b) |
33,103 |
28,202 |
4,901 |
25,484 |
26,262 |
-778 |
|
a) Commercial Banks |
33,016 |
28,202 |
4,814 |
23,871 |
25,717 |
-1,846 |
|
i) Assets |
19,992 |
15,240 |
4,752 |
7,920 |
12,843 |
-4,923 |
|
ii) Liabilities |
13,024 |
12,962 |
62 |
15,951 |
12,874 |
3,077 |
|
of which: Non-Resident Deposits |
12,566 |
12,380 |
186 |
13,763 |
12,873 |
890 |
|
b) Others |
87 |
– |
87 |
1,613 |
545 |
1,068 |
|
4. Rupee Debt Service |
– |
– |
– |
– |
52 |
-52 |
|
5. Other Capital |
3,427 |
8,216 |
-4,789 |
4,511 |
2,091 |
2,420 |
|
Total Capital Account (1to5) |
173,711 |
160,331 |
13,380 |
115,723 |
107,485 |
8,238 |
C. |
Errors & Omissions |
586 |
– |
586 |
– |
803 |
-803 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
295,270 |
291,281 |
3,989 |
245,323 |
243,292 |
2,031 |
E. |
Monetary Movements (i+ii) |
– |
3,989 |
-3,989 |
– |
2,031 |
-2,031 |
|
i) I.M.F. |
– |
– |
– |
– |
– |
– |
|
ii) Foreign Exchange Reserves ( Increase -/Decrease +) |
– |
3,989 |
-3,989 |
– |
2,031 |
-2,031 |
|
Of which: SDR Allocation |
– |
– |
– |
– |
– |
– |
Annex 2: Correspondance Between Old & New Formats of BOP The Report of the Working Group on Balance of Payments Manual for India (Chairman: Shri Deepak Mohanty), released by the RBI on its website (www.rbi.org.in) on November 23, 2010, had recommended that the BoP data for India should be presented in the new format of standard presentation of BoP as suggested by the IMF’s Balance of Payments Manual (Sixth Edition), i.e., BPM6. The time line set by the IMF for implementing the BPM6 standards is the end of 2012. As a follow up of the implementation of the recommendations of the Working Group, the BoP data for the four quarters of 2010-11 have been presented in the new format to comply with the BPM6 standards. The granular details under each sub-head of BoP would be presented in due course once new information become available through standard reporting. This note lists out the major changes in the various accounts of BoP to provide a link between the earlier and new formats, as noted below. I. Current Account
-
Merchanting, which was part of services earlier, has been added to goods as net exports of goods under merchanting. Accordingly, receipts and payments under services has been adjusted for merchanting receipts and payments (i.e., on a gross basis).
-
Services have been presented in the new format under the 12 sub-heads. Within services, postal and courier services, which was earlier part of communication services, have been added to arrive at transportation services. Royalties and license fees have been renamed as ‘charges for the use of intellectual property rights’ in the new format.
-
Income and private transfers have been classified under the heads of ‘primary income’ and ‘secondary income’, respectively, in line with the BPM6. Accordingly, primary income includes compensation of employees and investment income from the old format. On the other hand, secondary income in the new format includes only the private transfers portion, while official transfers is included as part of rechristened capital account.
II. Capital Account
- Existing capital account has been bifurcated under two heads as ‘capital account’ and ‘financial account’ in the new format. Accordingly, the rechristened capital account in the new format includes official transfer part of current account and purchase/sale of intangible assets like patents, copyrights, trademarks etc. portion of capital account of the old format.
III. Financial Account
-
The ‘financial account’ in the new format excludes purchase/sale of intangible assets like patents, copyrights, trademarks, etc. portion of capital account of the old format and includes reserve assets, which was the item below the line in the old format.
-
Funds raised by Indian corporates through ADRs/ GDRs which was part of portfolio investment in the old format has been classified under 'other investments'.
-
Banking capital has been classified into three parts. 1. NRI deposits has been named as 'currency and deposits' of 'deposit taking corporations, except the central banks'; 2. Movements in Nostro/Vostro balances have been classified as loans to deposit taking corporations; 3. Others' of banking capital in the old format has been included as currency and deposits of central banks.
-
External assistance to/by India has been reclassified as Loans to/by General Government.
- External Commercial Borrowings to/by India has been reclassified as Loan to/by other sectors.
Attachment I: Invisibles by Category |
(US$ million) |
Items |
2007-08 (PR) |
2008-09 (PR) |
2009-10 (PR) |
2010-11 (P) |
Apr-Jun |
Jul-Sept |
Oct-Dec |
Jan-Mar |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (P) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
I. Invisibles Receipts ( A+B+C) |
148,875 |
167,819 |
163,404 |
197,583 |
43,249 |
46,899 |
55,075 |
52,360 |
A. Services |
90,342 |
105,963 |
95,759 |
131,972 |
26,640 |
31,272 |
38,556 |
35,504 |
1) Travel |
11,349 |
10,894 |
11,859 |
15,275 |
2,949 |
3,379 |
4,429 |
4,518 |
2) Transportation |
10,014 |
11,310 |
11,177 |
14,277 |
3,143 |
3,277 |
3,713 |
4,144 |
3) Insurance |
1,639 |
1,422 |
1,603 |
1,949 |
410 |
442 |
507 |
590 |
4) GNIE |
331 |
389 |
440 |
534 |
94 |
125 |
150 |
165 |
5) Miscellaneous |
67,010 |
81,948 |
70,680 |
99,937 |
20,044 |
24,049 |
29,757 |
26,087 |
of which: |
|
|
|
|
|
|
|
|
Software Services |
40,300 |
46,300 |
49,705 |
59,001 |
13,114 |
13,191 |
15,684 |
17,012 |
B. Transfers |
44,261 |
47,547 |
54,623 |
56,509 |
13,754 |
13,654 |
14,422 |
14,679 |
1) Official Transfers |
753 |
645 |
723 |
648 |
59 |
141 |
341 |
107 |
2) Private Transfers |
43,508 |
46,903 |
53,900 |
55,861 |
13,695 |
13,513 |
14,081 |
14,572 |
C. Income |
14,272 |
14,309 |
13,022 |
9,102 |
2,855 |
1,973 |
2,097 |
2,177 |
1) Investment Income |
13,811 |
13,483 |
12,108 |
7,985 |
2,628 |
1,726 |
1,811 |
1,820 |
2) Compensation of Employees |
461 |
825 |
914 |
1,117 |
227 |
247 |
286 |
357 |
II. Invisibles Payments ( A+B+C) |
73,144 |
76,214 |
83,413 |
111,397 |
23,492 |
26,413 |
33,588 |
27,904 |
A. Services |
51,490 |
52,047 |
60,033 |
84,308 |
17,052 |
19,598 |
26,662 |
20,996 |
1) Travel |
9,258 |
9,425 |
9,342 |
11,232 |
2,335 |
2,772 |
2,890 |
3,235 |
2) Transportation |
11,514 |
12,820 |
11,934 |
13,880 |
3,134 |
3,524 |
3,984 |
3,238 |
3) Insurance |
1,044 |
1,130 |
1,286 |
1,400 |
310 |
386 |
403 |
301 |
4) GNIE |
376 |
793 |
526 |
820 |
143 |
205 |
195 |
277 |
5) Miscellaneous |
29,298 |
27,878 |
36,945 |
56,976 |
11,130 |
12,711 |
19,190 |
13,945 |
of which: |
|
|
|
|
|
|
|
|
Software Services |
3,358 |
2,564 |
1,469 |
2,195 |
575 |
585 |
709 |
326 |
B. Transfers |
2,316 |
2,749 |
2,318 |
3,124 |
726 |
677 |
844 |
877 |
1) Official Transfers |
514 |
413 |
473 |
631 |
141 |
137 |
199 |
154 |
2) Private Transfers |
1,802 |
2,336 |
1,845 |
2,493 |
585 |
540 |
645 |
723 |
C. Income |
19,339 |
21,418 |
21,062 |
23,965 |
5,714 |
6,138 |
6,082 |
6,031 |
1) Investment Income |
18,244 |
20,109 |
19,357 |
21,885 |
5,220 |
5,693 |
5,504 |
5,468 |
2) Compensation of Employees |
1,095 |
1,309 |
1,705 |
2,080 |
494 |
445 |
578 |
563 |
Net Invisibles( I - II) |
75,731 |
91,605 |
79,991 |
86,186 |
19,757 |
20,486 |
21,487 |
24,456 |
Attachment IA: Invisibles Receipts by Category of Transactions |
(US$ million) |
Items |
2007-08 (PR) |
2008-09 (PR) |
2009-10 (PR) |
2010-11 (P) |
Apr-Jun |
Jul-Sept |
Oct-Dec |
Jan-Mar |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (P) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
I. |
Invisibles Receipts ( A+B+C) |
148,875 |
167,819 |
163,404 |
197,583 |
43,249 |
46,899 |
55,075 |
52,360 |
|
A) SERVICES |
90,342 |
105,963 |
95,759 |
131,972 |
26,640 |
31,272 |
38,556 |
35,504 |
|
1) TRAVEL ACCOUNT |
|
|
|
|
|
|
|
|
|
Tourist Expenses in India |
11,349 |
10,894 |
11,859 |
15,275 |
2,949 |
3,379 |
4,429 |
4,518 |
|
TOTAL |
11,349 |
10,894 |
11,859 |
15,275 |
2,949 |
3,379 |
4,429 |
4,518 |
|
2) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
|
|
|
a) Sea Transport |
|
|
|
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
507 |
578 |
610 |
649 |
133 |
185 |
178 |
153 |
|
ii) Operating expenses of foreign companies in India |
773 |
1,023 |
788 |
765 |
182 |
203 |
205 |
175 |
|
Charter hire charges |
207 |
193 |
139 |
116 |
28 |
35 |
27 |
26 |
|
b) Air Transport |
|
|
|
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
690 |
448 |
420 |
530 |
138 |
122 |
122 |
148 |
|
ii) Operating expenses of foreign Companies in India |
155 |
129 |
67 |
56 |
8 |
10 |
19 |
19 |
|
iii) Charter hire charges |
42 |
19 |
12 |
20 |
– |
7 |
7 |
6 |
|
c) Freight on exports |
6,921 |
7,527 |
7,967 |
10,368 |
2,258 |
2,318 |
2,680 |
3,112 |
|
d) Others |
717 |
1,394 |
1,176 |
1,774 |
396 |
396 |
476 |
506 |
|
TOTAL ( a to d) |
10,014 |
11,310 |
11,179 |
14,277 |
3,143 |
3,276 |
3,714 |
4,144 |
|
3) INSURANCE ACCOUNT |
|
|
|
|
|
|
|
|
|
a) Insurance on export |
964 |
1,050 |
1,040 |
1,355 |
295 |
303 |
350 |
407 |
|
b) Premium |
|
|
|
|
|
|
|
|
|
i) Life |
98 |
56 |
46 |
50 |
20 |
7 |
10 |
13 |
|
ii) Non-life |
132 |
77 |
102 |
124 |
25 |
25 |
43 |
31 |
|
iii) Reinsurance from foreign companies |
185 |
81 |
217 |
126 |
29 |
29 |
37 |
31 |
|
c) Commission on Business received from foreign companies |
125 |
54 |
25 |
33 |
7 |
8 |
7 |
11 |
|
d) Others |
135 |
104 |
173 |
262 |
34 |
70 |
60 |
98 |
|
TOTAL ( a to d) |
1,639 |
1,422 |
1,603 |
1,949 |
410 |
442 |
507 |
590 |
|
4) Government Not Included Elsewhere |
|
|
|
|
|
|
|
|
|
a) Maintenance of foreign embassies and diplomatic missions in India |
197 |
261 |
278 |
387 |
65 |
90 |
106 |
126 |
|
b) Maintenance of international and regional institution in India |
134 |
128 |
162 |
147 |
29 |
35 |
44 |
39 |
|
TOTAL ( a to b) |
331 |
389 |
440 |
534 |
94 |
125 |
150 |
165 |
|
5) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
|
|
|
a) Communication services |
2,408 |
2,298 |
1,228 |
1,562 |
325 |
417 |
424 |
396 |
|
b) Construction services |
764 |
986 |
588 |
676 |
122 |
173 |
128 |
253 |
|
c) Financial services |
3,217 |
4,428 |
3,737 |
6,508 |
1,228 |
1,819 |
1,684 |
1,777 |
|
d) Software services |
40,300 |
46,300 |
49,705 |
59,001 |
13,114 |
13,191 |
15,684 |
17,012 |
|
IT Services |
29,400 |
33,600 |
36,285 |
– |
|
|
|
– |
|
ITES-BPO |
10,900 |
12,700 |
13,420 |
– |
– |
– |
– |
– |
|
e) News agency services |
503 |
878 |
321 |
605 |
82 |
108 |
322 |
93 |
|
f) Royalties, copyright and license fees |
157 |
133 |
203 |
193 |
35 |
27 |
25 |
106 |
|
g) Business services (1 to 12) |
16,772 |
18,605 |
11,369 |
24,055 |
4,819 |
5,944 |
7,088 |
6,204 |
|
i) Merchanting services |
417 |
1,212 |
316 |
1,225 |
183 |
356 |
331 |
355 |
|
ii) Trade related services |
2,233 |
2,126 |
1,688 |
5,357 |
1,226 |
1,299 |
1,639 |
1,193 |
|
iii) Operational Leasing Services |
476 |
471 |
423 |
830 |
175 |
127 |
300 |
228 |
|
iv) Legal services |
702 |
786 |
609 |
439 |
124 |
122 |
74 |
119 |
|
v) Accounting/Auditing services |
228 |
228 |
225 |
301 |
51 |
62 |
68 |
120 |
|
vi) Business Managemen & consultancy services |
4,433 |
6,067 |
3,777 |
9,184 |
1,605 |
2,279 |
2,747 |
2,553 |
|
vii) Advertising/trade fair |
712 |
508 |
590 |
703 |
134 |
134 |
243 |
192 |
|
viii) Research & Development services |
1,335 |
1,550 |
565 |
878 |
170 |
286 |
224 |
198 |
|
ix) Architectural Engineering & other technical services |
3,144 |
1,873 |
1,403 |
2,013 |
513 |
483 |
551 |
466 |
|
x) Agricultural Mining & on-site processing services |
57 |
85 |
196 |
286 |
78 |
54 |
77 |
77 |
|
xi) Maintanence of offices abroad services |
2,861 |
3,502 |
1,507 |
2,777 |
535 |
725 |
825 |
692 |
|
xii) Environmental services |
174 |
197 |
72 |
60 |
25 |
15 |
9 |
11 |
|
h) Personal, Cultural & Recreational services |
562 |
729 |
497 |
227 |
49 |
56 |
52 |
70 |
|
i) Refunds/rebates |
270 |
291 |
512 |
507 |
9 |
209 |
132 |
157 |
|
j) Other services |
2,057 |
7,300 |
2,519 |
6,603 |
261 |
2,106 |
4,217 |
19 |
|
TOTAL ( a to j) |
67,010 |
81,948 |
70,681 |
99,935 |
20,044 |
24,048 |
29,756 |
26,087 |
Attachment IA: Invisibles Receipts by Category of Transactions (Concld.) |
(US$ million) |
Items |
2007-08 (PR) |
2008-09 (PR) |
2009-10 (PR) |
2010-11 |
Apr-Jun |
Jul-Sept |
Oct-Dec |
Jan-Mar |
(P) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (P) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
B) TRANSFERS |
44.261 |
47,548 |
54,623 |
56,510 |
13,754 |
13,654 |
14,423 |
14,679 |
1) OFFICIAL TRANSFERS |
|
|
|
|
|
|
|
|
i) Donations received from Non- residents |
67 |
58 |
67 |
75 |
25 |
18 |
22 |
10 |
ii) Grant under PL 480 II |
28 |
7 |
4 |
– |
– |
– |
– |
– |
iii) Grants from other Governments |
658 |
579 |
652 |
573 |
34 |
123 |
319 |
97 |
TOTAL ( i to iii) |
753 |
645 |
723 |
648 |
59 |
141 |
341 |
107 |
ii) PRIVATE TRANSFERS |
|
|
|
|
|
|
|
|
i) Inward remittance from Indian workers abroad for family maintenance etc. |
21.920 |
23,886 |
28,406 |
27,408 |
6,900 |
5,999 |
7,227 |
7,282 |
ii) Local withdrawals/redemptions from non-resident deposits |
18.919 |
20,617 |
23,552 |
26,393 |
6,319 |
7,052 |
6,346 |
6,676 |
iii) Gold and silver brought through passenger baggage |
26 |
19 |
85 |
36 |
5 |
6 |
9 |
16 |
iv) Personal gifts/donations to charitable/ religious institutions in India. |
2.644 |
2,381 |
1,857 |
2,025 |
471 |
456 |
500 |
598 |
TOTAL (i to iv) |
43,508 |
46,903 |
53,900 |
55,862 |
13,695 |
13,513 |
14,082 |
14,572 |
C) INCOME ACCOUNT |
14,272 |
14,308 |
13,022 |
9,101 |
2,855 |
1,973 |
2,096 |
2,177 |
I) Compensation of Employees |
|
|
|
|
|
|
|
|
Wages received by Indians working on foreign contracts |
461 |
825 |
914 |
1,117 |
227 |
247 |
286 |
357 |
II) Investment Income |
|
|
|
|
|
|
|
|
i) Interest received on loans to non-residents |
1,466 |
951 |
4,138 |
1,721 |
1,313 |
112 |
159 |
137 |
ii) Dividend/profit received by Indians on foreign investment |
476 |
401 |
350 |
283 |
38 |
60 |
67 |
118 |
Of which: |
|
|
|
|
|
|
|
|
Dividend received by Indians on foreign investment |
131 |
167 |
225 |
156 |
15 |
47 |
40 |
54 |
Profit received by Indians on foreign investment |
345 |
234 |
125 |
127 |
23 |
13 |
27 |
64 |
iii) Reinvested Earning |
1,084 |
1,084 |
1,084 |
1,084 |
271 |
271 |
271 |
271 |
iv) Interest received on debentures,FRNs,CPs, fixed deposits and funds held abroad by ADs out of foreign currency loans/export proceeds |
106 |
83 |
57 |
42 |
18 |
3 |
14 |
7 |
v) Interest received on overdraft of VOSTRO accounts of foreign correspondents/branches by the ADs |
227 |
228 |
17 |
12 |
4 |
3 |
1 |
4 |
vi) Payment of taxes by the non-residents/refund of taxes by foreign governments to Indians |
321 |
253 |
553 |
679 |
41 |
62 |
384 |
192 |
vii) Interest/discount earnings etc. earnings on RBI investment |
10,124 |
10,480 |
5,900 |
4,142 |
939 |
1,211 |
908 |
1,084 |
viii) Interest/remuneration on SDR holdings |
4 |
3 |
10 |
20 |
4 |
4 |
6 |
6 |
TOTAL ( ito viii) |
13,811 |
13,483 |
12,108 |
7,984 |
2,628 |
1,726 |
1,810 |
1,820 |
Attachment IB: Invisibles Payments by Category of Transactions |
(US$ million) |
Items |
2007-08 (PR) |
2008-09 (PR) |
2009-10 (PR) |
2010-11 (P) |
Apr-Jun |
Jul-Sept |
Oct-Dec |
Jan-Mar |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (P) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Invisibles Payments ( A+B+C) |
73,145 |
76,214 |
83,413 |
111,397 |
23,492 |
26,413 |
33,588 |
27,904 |
A) SERVICES |
51,490 |
52,047 |
60,033 |
84,308 |
17,052 |
19,598 |
26,662 |
20,996 |
I) TRAVEL ACCOUNT |
|
|
|
|
|
|
|
|
i) Business |
3,296 |
3,463 |
3,569 |
5,103 |
883 |
1,032 |
1,284 |
1,904 |
ii) Health Related |
18 |
25 |
29 |
59 |
41 |
6 |
7 |
5 |
iii) Education Related |
2,826 |
2,258 |
2,252 |
1,892 |
325 |
664 |
435 |
468 |
iv) Basic travel quota ( BTQ) |
1,967 |
2,401 |
2,336 |
2,780 |
802 |
669 |
714 |
595 |
v) Pilgrimage |
88 |
174 |
232 |
309 |
3 |
119 |
180 |
7 |
vi) Others |
1,063 |
1,104 |
924 |
1,090 |
281 |
283 |
270 |
256 |
TOTAL ( i to vi) |
9,258 |
9,425 |
9,342 |
11,233 |
2,335 |
2,773 |
2,890 |
3,235 |
II) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
|
|
a. Sea Transport |
|
|
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
1,663 |
1,835 |
1,208 |
1,771 |
313 |
472 |
483 |
503 |
ii) Operating expenses of Indian companies abroad |
901 |
1,015 |
1,671 |
962 |
211 |
221 |
301 |
229 |
iii) Charter hire charges |
148 |
128 |
97 |
93 |
25 |
23 |
30 |
15 |
iv) Freight on imports |
2,952 |
4,062 |
3,265 |
4,186 |
944 |
1,115 |
1,213 |
914 |
v) Freight on Exports |
779 |
1,026 |
1,018 |
1119 |
330 |
218 |
239 |
332 |
vi) Remittance of passage booking abroad |
4 |
7 |
6 |
11 |
1 |
6 |
2 |
2 |
b. Air Transport |
|
|
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
2,637 |
2,375 |
2,451 |
3,120 |
773 |
779 |
881 |
687 |
ii) Operating expenses of Indian companies abroad |
565 |
673 |
603 |
923 |
159 |
238 |
279 |
247 |
iii) Charter hire charges |
513 |
387 |
510 |
491 |
139 |
88 |
194 |
70 |
iv) Freight on imports |
556 |
272 |
112 |
152 |
26 |
35 |
56 |
35 |
v) Freight on Exports |
27 |
13 |
23 |
86 |
24 |
13 |
6 |
43 |
vi) Remittance of passage booking abroad |
25 |
38 |
37 |
41 |
8 |
12 |
15 |
6 |
c. Others |
743 |
988 |
933 |
925 |
181 |
304 |
285 |
155 |
TOTAL ( a to e) |
11,513 |
12,819 |
11,934 |
13880 |
3134 |
3524 |
3984 |
3,238 |
III)INSURANCE ACCOUNT |
|
|
|
|
|
|
|
|
a. Premium |
|
|
|
|
|
|
|
|
i) Life |
102 |
77 |
25 |
15 |
2 |
3 |
3 |
7 |
ii) Non-life |
128 |
99 |
117 |
128 |
25 |
24 |
30 |
49 |
iii) Reinsurance |
567 |
530 |
653 |
749 |
147 |
192 |
255 |
155 |
b. Commission on Business |
27 |
43 |
58 |
65 |
20 |
16 |
16 |
13 |
c. Others |
220 |
382 |
433 |
443 |
116 |
151 |
99 |
77 |
TOTAL ( a to c) |
1,044 |
1,131 |
1,286 |
1,400 |
310 |
386 |
403 |
301 |
IV) Government Not Included Elsewhere |
|
|
|
|
|
|
|
|
a. Maintenance of Indian embassies and diplomatic mission abroad |
272 |
648 |
358 |
531 |
99 |
133 |
107 |
192 |
b. Remittances by foreign embassies and mission in India |
104 |
145 |
168 |
289 |
44 |
72 |
89 |
84 |
TOTAL ( a to b) |
376 |
793 |
526 |
820 |
143 |
205 |
196 |
276 |
V) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
|
|
a) Communication services |
860 |
1,088 |
1,355 |
1,152 |
241 |
266 |
304 |
341 |
b) Construction services |
707 |
888 |
998 |
1,157 |
345 |
136 |
220 |
456 |
c) Financial services |
3,133 |
2,959 |
4,642 |
7,483 |
1,404 |
1,905 |
1,961 |
2,213 |
d) Software services |
3,358 |
2,564 |
1,468 |
2,195 |
575 |
585 |
709 |
326 |
e) News agency services |
506 |
385 |
639 |
467 |
75 |
68 |
113 |
211 |
f) Royalties, copyright and license fees |
1,037 |
1,722 |
2,017 |
2,424 |
566 |
560 |
696 |
602 |
g) Business services (1 to 12) |
16,554 |
15,317 |
18,049 |
27,869 |
5,917 |
6,988 |
8,012 |
6,952 |
i) Merchanting services |
717 |
735 |
495 |
1,068 |
284 |
343 |
242 |
199 |
ii) Trade related services |
2,286 |
1,651 |
1,772 |
1,878 |
496 |
362 |
501 |
519 |
iii) Operational Leasing Services |
1,166 |
1,012 |
907 |
1,236 |
301 |
282 |
354 |
299 |
iv) Legal services |
482 |
336 |
192 |
158 |
37 |
36 |
47 |
38 |
v) Accounting/Auditing services |
69 |
132 |
178 |
274 |
17 |
126 |
89 |
42 |
vi) Business Managemen & consultancy services |
3,422 |
3,465 |
5,376 |
10,613 |
2,172 |
2,632 |
2,948 |
2,861 |
vii) Advertising/trade fair |
1,302 |
912 |
792 |
945 |
163 |
202 |
323 |
257 |
viii) Research & Development services |
405 |
432 |
318 |
249 |
66 |
51 |
79 |
53 |
ix) Architectural Engineering & other technical services |
3,091 |
3,078 |
4,252 |
5,127 |
1,110 |
1,366 |
1,622 |
1,029 |
x) Agricultural Mining & on-site processing services |
50 |
169 |
191 |
131 |
36 |
15 |
11 |
69 |
xi) Maintanence of offices abroad services |
3,555 |
3,386 |
3,573 |
6,178 |
1,234 |
1,572 |
1,795 |
1,577 |
xii) Environmental services |
9 |
9 |
4 |
12 |
1 |
1 |
1 |
9 |
h) Personal, Cultural & Recreational services |
211 |
322 |
260 |
543 |
71 |
105 |
228 |
139 |
i) Refunds/rebates |
561 |
374 |
473 |
641 |
57 |
68 |
233 |
283 |
j) Other services |
2,372 |
2,260 |
7,043 |
13,045 |
1,879 |
2,030 |
6,714 |
2,422 |
TOTAL ( a to j) |
29,299 |
27,879 |
36,945 |
56,976 |
11,130 |
12,711 |
19,190 |
13,945 |
Attachment IB: Invisibles Payments by Category of Transactions (Concld.) |
(US$ million) |
Items |
2007-08 (PR) |
2008-09 (PR) |
2009-10 PR) |
2010-11 (P) |
Apr-Jun |
Jul-Sept |
Oct-Dec |
Jan-Mar |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (PR) |
2010-11 (P) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
B) TRANSFERS |
2,315 |
2,749 |
2,318 |
3,123 |
726 |
677 |
844 |
876 |
i) OFFICIAL TRANSFERS |
|
|
|
|
|
|
|
|
Grants/donations from official sector |
514 |
413 |
473 |
631 |
141 |
137 |
199 |
154 |
TOTAL |
514 |
413 |
473 |
631 |
141 |
137 |
199 |
154 |
ii) PRIVATE TRANSFERS |
|
|
|
|
|
|
|
|
i) Remittance by non-residents towards family maintenance and savings |
1,585 |
1,931 |
1,516 |
2,078 |
486 |
443 |
540 |
609 |
ii) Personal gifts/donations to charitable/ religious institutions |
216 |
405 |
329 |
414 |
99 |
97 |
105 |
113 |
Of which: |
|
|
|
|
|
|
|
|
Remittance towards personal gifts and donations |
182 |
373 |
286 |
11 |
3 |
3 |
2 |
3 |
Remittance towards donations to religious and charitable institutions abroad |
24 |
22 |
40 |
1 |
– |
– |
– |
1 |
Remittance towards grants and donations to other governments and charitable institutions established by the governments |
10 |
10 |
3 |
1 |
– |
– |
– |
1 |
TOTAL ( i to ii) |
1,801 |
2,336 |
1,845 |
2,492 |
585 |
540 |
645 |
722 |
C) INCOME |
19,340 |
21,418 |
21,062 |
23,965 |
5,713 |
6,139 |
6,082 |
6,031 |
i) Compensation of Employees Payment of wages/salary to Non-residents working in India |
1,095 |
1,309 |
1,705 |
2,080 |
492 |
448 |
578 |
563 |
TOTAL |
1,095 |
1,309 |
1,705 |
2,080 |
492 |
448 |
578 |
563 |
ii) Investment Income |
|
|
|
|
|
|
|
|
i) Payment of interest on NRI deposits |
1,813 |
1,547 |
1,599 |
1,737 |
416 |
423 |
417 |
481 |
ii) Payment of interest on loans from non-residents |
5,062 |
5,265 |
4,168 |
5,092 |
1,065 |
1,174 |
1,277 |
1,576 |
iii) Payment of dividend/profit to non-resident share holder |
3,226 |
3,171 |
3,809 |
4,681 |
1,038 |
1,446 |
1,299 |
898 |
Of which: |
|
|
|
|
|
|
|
|
Payment of dividend to non-resident share holder |
2,998 |
2,893 |
3,208 |
4,337 |
947 |
1,352 |
1,228 |
810 |
Payment of profit to non-resident share holder |
228 |
278 |
601 |
344 |
91 |
94 |
71 |
88 |
iv) Reinvested Earning |
7,680 |
9,032 |
8,668 |
9,424 |
2,356 |
2,356 |
2,356 |
2,356 |
v) Payment of interest on debentures, FRNs, CPs fixed deposits, Government securities etc. |
57 |
120 |
227 |
322 |
69 |
112 |
66 |
75 |
vi) Charges on SDRs |
21 |
28 |
9 |
19 |
4 |
4 |
5 |
6 |
vii) Interest paid on overdraft on VOSTRO a/c Holders/ OD on NOSTRO a/c |
238 |
510 |
656 |
397 |
232 |
102 |
23 |
40 |
viii) Payment of taxes by the Indians/refund of taxes by government to non-residents |
148 |
436 |
221 |
218 |
41 |
74 |
67 |
36 |
TOTAL ( I to viii) |
18,245 |
20,109 |
19,357 |
21,885 |
5,221 |
5,691 |
5,504 |
5,468 |
R: Revised; P: Preliminary; PR: Partially Revised. |
|