Developments in India’s Balance of Payments during Second Quarter (July-September) of 2011-12* 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. This article covers the analysis of major developments in India’s BoP during the second quarter of 2011-12 along with the quarterly revised data for 2009-10 and 2010-11 on the basis of new format of BoP1. However, the quarterly Balance of Payments statistics based on the old format are also given for the period of 2008-09 to 2010-11 in the Annex 1 for ease of comparison. In addition, the disaggregated data on invisibles for July-September 2011 and for earlier quarters of the last two years are also being published as a part of this article (Attachment I). Major Highlights of BoP during July- September (Q2) of 2011-12 During Q2 of 2011-12, a rise in trade deficit, despite sharper increase in exports than imports and increase in net export of services, led to a marginal increase in the current account deficit (CAD) as compared with Q2 of the previous year. (i) On a BoP basis, merchandise exports recorded a growth of 47.2 per cent (year-on-year) during Q2 of 2011-12 as against an increase of 20.1 per cent during corresponding quarter of 2010-11. (ii) Similarly, on a BoP basis, imports registered a growth of 35.4 per cent (year-on-year) during the quarter as against an increase of 21.9 per cent during same quarter of previous year. (iii) Despite higher growth in exports relative to imports, the trade deficit widened to US$ 43.9 billion during Q2 as compared to US$ 37.0 billion during corresponding quarter of the preceding year. (iv) Services receipts recorded a growth of 9.3 per cent during Q2 (year-on-year), led by computer services, travel and transportation. Services payments, however, declined by 3.9 per cent resulting in rise in net services exports to US$ 15.5 billion during the quarter from US$ 11.9 billion in corresponding quarter of preceding year. (v) While net secondary income (private transfers) receipts remained buoyant at US$ 16.2 billion, primary income account (investment income) continued to show a net outflow. (vi) Consequently, the CAD was US$ 16.9 billion in Q2 of 2011-12. (vii) The financial account surplus moderated in Q2 of 2011-12 as compared to Q2 of 2010-11 primarily on account of outflow of portfolio investment. (viii) There was, thus, a negligible accretion to foreign exchange reserves (US$ 0.3 billion) during Q2 of 2011-12 (excluding valuation). Major Highlights of BoP during April- September 2011-12 During April-September 2011, the CAD, in absolute terms, was higher than the corresponding period of the previous year mainly on account of increase in trade deficit, though services and secondary income experienced robust growth. However, as a percentage of GDP, CAD was marginally lower at 3.6 per cent as compared with 3.7 per cent in the first half of preceding year. (ix) During April-September 2011, the CAD widened to US$ 32.7 billion, largely reflecting the higher trade deficit. (x) The financial account surplus improved mainly on account of buoyancy in FDI inflows and loans. (xi) Despite improvement in the financial account surplus, accretion to reserves during April- September 2011 was lower mainly due to the widening of the CAD as compared to April- September 2010. 1. Balance of Payments during July- September (Q2) of 2011-12 The developments in the major items of the BoP for Q2 of 2011-12 are set out below in Table 1. Goods Trade With larger absolute increase in imports mainly due to spurt in oil and gold imports during Q2 of 2011-12.
-
On a BoP basis, India’s goods exports, recorded a growth of 47.2 per cent during Q2 of 2011-12 as compared with 20.1 per cent recorded during Q2 of previous year. Similarly, goods imports registered a growth of 35.4 per cent in Q2 of 2011- 12 as against 21.9 per cent during the same period last year.
-
At disaggregated level, the increase in merchandise exports has been largely driven by engineering goods, petroleum products, gems & jewellery, readymade garments and ‘manmade yarn & made ups’. Growth in imports, on the other hand, has primarily been led by petroleum & related products, gold & silver and capital goods.
-
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 43.1 per cent and 30.2 per cent, respectively, during Q2 of 2011-12. Oil imports accounted for about 29.7 per cent of total imports during Q2 of 2011-12 (27.8 per cent in Q2 of 2010-11) (Chart 1).
Trade Deficit
- Notwithstanding higher growth in exports relative to imports, the trade deficit, on a BoP basis, widened to US$ 43.9 billion in Q2 of 2011-12 (US$ 37.0 billion during Q2 of 2010-11) with larger absolute increase in imports relative to the export. (Chart 2).
Table 1: Major Items of India's Balance of Payments |
(US$ Billion) |
|
Jul.-Sep. 2011 P |
Jul.-Sep. 2010 PR |
Apr.-Sep. 2011P |
Apr.-Sep. 2010 PR |
|
Exports |
Imports |
Net |
Exports |
Imports |
Net |
Exports |
Imports |
Net |
Exports |
Imports |
Net |
A. Current Account (1+2+3+4) |
130.4 |
147.3 |
-16.9 |
98.6 |
115.5 |
-16.9 |
256.1 |
288.9 |
-32.7 |
196.8 |
226.3 |
-29.5 |
1. Goods |
76.6 |
120.5 |
-43.9 |
52.0 |
89.0 |
-37.0 |
151.0 |
236.7 |
-85.6 |
107.2 |
176.2 |
-69.0 |
2. Services |
34.0 |
18.5 |
15.5 |
31.1 |
19.2 |
11.9 |
67.3 |
36.4 |
30.9 |
57.5 |
35.9 |
21.6 |
3. Primary Income |
3.0 |
7.7 |
-4.7 |
2.0 |
6.8 |
-4.8 |
5.5 |
14.5 |
-9.0 |
4.8 |
13.1 |
-8.2 |
4. Secondary Income |
16.8 |
0.6 |
16.2 |
13.5 |
0.5 |
13.0 |
32.3 |
1.3 |
31.0 |
27.2 |
1.1 |
26.1 |
B. Capital Account |
0.4 |
0.2 |
0.2 |
0.1 |
0.1 |
– |
0.5 |
0.5 |
– |
0.2 |
0.3 |
-0.1 |
C. Financial Account |
115.6 |
97.7 |
17.9 |
112.4 |
94.1 |
18.3 |
243.9 |
208.7 |
35.3 |
207.5 |
175.6 |
31.9 |
D. Errors & Omissions-(A+B+C) |
|
1.2 |
-1.2 |
|
1.4 |
-1.4 |
|
2.5 |
-2.5 |
|
2.3 |
-2.3 |
P: Preliminary, PR: Partially Revised
Changes in Reserve Assets are included under the Financial Account as recommended by the BPM 6.
Note: Total of subcomponents may not tally with aggregate due to rounding off. |
 |
Services Growth in services receipts remained moderate during Q2 of 2011-12 as compared with that recorded in Q2 of 2010-11 while service payments recorded a decline during the quarter over the corresponding quarter of last year. However, services receipts and payments were higher as compared to the preceding quarter (Table 2).
-
Growth in services exports at 9.3 per cent in Q2 of 2011-12 was lower than 45.9 per cent recorded in Q2 of 2010-11. Growth in services was mainly led by computer services, travel and transportation.
-
Computer services receipts at US$ 15.2 billion during July-September 2011 showed a higher growth of 22.1 per cent as compared to a growth of 11.1 per cent recorded a year ago.
-
Growth of services import was higher in case of travel, transportation, construction and financial services while imports of telecommunication, computer & information services and other business services registered a lower rise compared to corresponding quarter of previous year.
-
On a net basis, services receipts increased to US$ 15.5 billion from US$ 11.9 billion in the preceding year.
Income There has been a rise in net secondary income in Q2 of 2011-12 but it was partly offset by net outflow on account of primary income (Table 2).
Table 2: Disaggregated Items of Current Account |
(US$ Billion) |
|
Jul.-Sep. 2011 P |
Jul.-Sep. 2010 PR |
Apr.-Sep. 2011P |
Apr.-Sep. 2010 PR |
1. Goods |
-43.9 |
-37.0 |
-85.6 |
-69.0 |
2. Services |
15.5 |
11.9 |
30.9 |
21.6 |
2.a Transportations |
0.7 |
-0.3 |
1.1 |
-0.3 |
2.b Travel |
1.1 |
0.6 |
1.7 |
1.3 |
2.c Construction |
-0.2 |
– |
-0.1 |
-0.2 |
2.d Insurance and pension services |
0.2 |
0.1 |
0.5 |
0.2 |
2.e Financial Services |
-0.7 |
-0.1 |
-1.2 |
-0.3 |
2.f Charges for the use of intellectuals property |
-0.6 |
-0.5 |
-1.2 |
-1.1 |
2.g Telecommunications, computer and information services |
15.0 |
12.1 |
30.1 |
23.9 |
2.h Personal, cultural and recreational services |
– |
– |
– |
-0.1 |
2.i Government goods & services |
– |
-0.1 |
-0.1 |
-0.1 |
2.j Other Business services |
-1.0 |
-1.0 |
-2.0 |
-2.0 |
2.k Others n.i.e |
1.0 |
1.1 |
2.2 |
0.2 |
3. Primary Income |
-4.7 |
-4.8 |
-9.0 |
-8.2 |
3.a Compensation of Employees |
0.2 |
-0.2 |
0.4 |
-0.4 |
3.b Investment Income |
-4.9 |
-4.6 |
-9.4 |
-7.8 |
4. Secondary Income |
16.2 |
13.0 |
31.0 |
26.1 |
4.a Personal Transfers |
15.7 |
12.6 |
30.0 |
25.3 |
4.b. Other Transfers |
0.5 |
0.4 |
1.0 |
0.7 |
5. Current Account (1+2+3+4) |
-16.9 |
-16.9 |
-32.7 |
-29.5 |
Primary Income Primary income balance, comprising mainly the compensation of employees and investment income, in Q2 of 2011-12, stood almost at the same level as recorded in the corresponding period of previous year.
-
Investment income receipts, on Y-o-Y basis, recorded a growth of 34.1 percent as against a steep decline of 62.0 per cent recorded during the corresponding quarter of last year.
-
Investment income payments that comprise mainly the interest payments on the external commercial borrowings (ECBs) and NRI deposits and profits & reinvested earnings of FDI companies in India, continued to be sizeable and stood higher by 14.0 per cent as compared with 15.4 per cent during the same period a year ago. As a result, deficit in the investment income account widened by 6.5 per cent to US$ 4.9 billion in July-September 2011 (US$ (-) 4.6 billion during a year ago).
-
Surplus on account of compensation of employees continued during second quarter of 2011-12 at US$ 0.2 billion as against a deficit of US$ 0.2 billion recorded during the same period of the previous year.
Secondary Income
- Net receipts under secondary income that primarily comprise personal transfers and other transfers grew by 24.8 per cent (Y-o-Y basis) to US$ 16.2 billion (US$ 13.0 billion in Q2 of 2010-11) (Table 2).
Current Account Deficit During the period, despite improvement in net services and secondary income, higher trade deficit coupled with deterioration in the primary income, current account deficit during July-September 2011 remained at the level recorded during the same period previous year. However, as a proportion of GDP, CAD stood lower than the corresponding quarter of the previous year.
- Accordingly, the CAD stood at US$ 16.9 billion in Q2 of 2011-12 as compared to US$ 15.8 billion in the preceding quarter and US$ 16.9 billion in Q2 of 2010-11. At this level, during the quarter CAD turned out to be 3.7 per cent of GDP as against 4.4 per cent in Q2 of 2010-11 (Chart 3).
Capital Account The capital account, which includes official transfers and purchase/sale of intangible assets like patents, copyrights, trademarks, etc., recorded a surplus of US$ 0.2 billion during July-September 2011 mainly on account of acquisitions of intangible assets. Financial Account Gross inflows and outflows under financial account increased during July-September 2011 as compared with the same period a year ago.
-
The gross financial inflows to India amounted to US $ 115.6 billion during Q2 of 2011-12 (US$ 112.4 billion a year ago) and similarly gross financial outflows during the period were higher at US$ 97.7 billion (US$ 94.1 billion a year ago).
-
Rise in gross inflows was largely driven by ‘foreign direct investments’, ‘trade credits & advances’ and ‘loans availed by non-Government and non-banking sectors (ECBs)’.
-
On net basis, however, there was a marginal decline in the size of overall financial account during the quarter mainly on account of reversal in portfolio investment, despite an improvement in net inflows on account of loan availed by Indian corporates and the NRI deposits. (Table 3).
-
Net FDI flows (net inward FDI minus net outward FDI) increased to US$ 4.4 billion during the quarter (US$ 3.6 billion in Q2 of 2010-11) mainly due to lower net outward FDI during the quarter.
-
Net inflows under portfolio investment recorded sharp outflows of US$ 1.4 billion during the quarter (inflows of US$ 18.7 billion during the same quarter last year), mainly due to EU debt crisis and decline in the risk appetite of the FIIs.
-
Net loans availed by non-Government non-banking sector recorded a robust growth of 71.7 per cent to US$ 6.4 billion during Q2 of 2011-12 from US$ 3.7 billion during the same period last year.
-
Inflows under currency and deposits of commercial banks, i.e., NRI deposits inflows increased to US$ 2.8 billion during the quarter from US$ 1.0 billion reflecting the better returns available in India.
-
Loans raised by the commercial banks from overseas market recorded a turnaround with a net inflow of US$ 3.9 billion during Q2 of 2011-12 as against an outflow of US$ 3.6 billion to meet the increased domestic credit demand.
-
Trade credits & advances to India in the quarter at US$ 2.9 billion stood higher than US$ 2.6 billion recorded during the same quarter of the preceding year which appears to be in line with increase in imports.
-
Net financial inflows declined to US$ 17.9 billion during Q2 of 2011-12 (US$ 18.3 billion during Q2 in previous year)
-
There was a net accretion to foreign exchange reserves (on a BoP basis) to the extent of US$ 0.3 billion during Q2 of 2011-12. The outstanding foreign exchange reserves (including valuation changes) declined by US$ 4.2 billion during the quarter, largely reflecting the valuation loss arising out of appreciation of the US dollar against major international currencies.
Table 3: Disaggregated Items of Financial Account |
(US$ Billion) |
|
Jul.-Sep. 2011 P |
Jul.-Sep. 2010 PR |
Apr.-Sep. 2011P |
Apr.-Sep. 2010 PR |
1. Direct Investment (net) |
4.4 |
3.6 |
12.3 |
7.0 |
1.a Direct Investment to India |
7.3 |
7.5 |
20.6 |
14.2 |
1.b Direct Investment by India |
-2.9 |
-3.9 |
-8.3 |
-7.2 |
2. Portfolio Investment |
-1.4 |
18.7 |
0.9 |
22.2 |
2.a Portfolio Investment in India |
-1.6 |
18.8 |
0.9 |
22.3 |
2.b Portfolio Investment by India |
0.2 |
-0.1 |
-– |
-0.1 |
3. Other investment |
15.2 |
-0.7 |
27.8 |
9.7 |
3.a Other equity (ADRs/GDRs) |
0.2 |
0.5 |
0.5 |
1.6 |
3.b Currency and deposits |
2.8 |
0.4 |
3.9 |
1.5 |
Deposit-taking corporations (NRI Deposits) |
2.8 |
1.0 |
3.9 |
2.2 |
3.c Loans* |
11.3 |
0.4 |
26.7 |
8.0 |
3.c.i Loans to India |
10.6 |
0.7 |
26.1 |
8.3 |
Deposit-taking corporations |
3.9 |
-3.6 |
15.4 |
-0.7 |
General government (External Assistance) |
0.3 |
0.6 |
0.7 |
3.0 |
Other sectors (External Commercial Borrowings) |
6.4 |
3.7 |
9.9 |
6.0 |
3.c.ii Loans by India |
0.6 |
-0.3 |
0.7 |
-0.3 |
General government (External Assistance) |
– |
– |
-0.01 |
-0.01 |
Other sectors (External Commercial Borrowings) |
0.6 |
-0.3 |
0.7 |
-0.3 |
3.d Trade credit and advances |
2.9 |
2.6 |
5.9 |
6.9 |
3.e Other accounts receivable/payable-other |
-1.9 |
-4.6 |
-9.3 |
-8.4 |
4. Reserve assets |
-0.3 |
-3.3 |
-5.7 |
-7.0 |
Financial Account (1+2+3+4) |
17.9 |
18.3 |
35.3 |
31.9 |
*: includes External Assistance, ECBs and Banking Capital. |
Balance of Payments for April-September (H1) of 2011-12 Taking into account the partially revised data for Q1 and preliminary data for Q2, the BoP data for the first half of the financial year 2011-12 (April-September) have been compiled. While the detailed data are set out in Statement I in standard format of BoP presentation, the major items are presented in Table 1.
-
On a BoP basis, India’s merchandise exports recorded a growth of 40.8 per cent in April- September 2011 (as against an increase of 30.1 per cent in the same period of the previous year).
-
Import payments, on a BoP basis, also registered a growth of 34.3 per cent during April-September 2011 as compared with an increase of 27.3 per cent in the corresponding period of the previous year.
-
According to the DGCI&S data at the disaggregated level, the increase in merchandise exports during April-September 2011 has been mainly driven by buoyancy in items such as engineering goods, petroleum products, gems & jewellery, drugs & pharmaceuticals and electronic goods. Growth in imports has primarily been led by POL, gold & silver and capital goods.
-
Oil imports recorded an increase of 48.0 per cent during April-September 2011 (as compared with an increase of 33.0 per cent a year ago). In absolute terms, oil imports accounted for 31.2 per cent of total imports during April-September 2011 (28.3 per cent in the corresponding period of the previous year).
Trade Deficit
-
Despite the higher growth of exports compared to imports, merchandise trade deficit (on BoP basis) widened to US$ 85.6 billion during April- September 2011 from US$ 69.0 billion during April-September 2010 mainly due to significant increase in international prices of imported commodities, viz., POL products and gold & silver during H1 of 2011-12. The price of the Indian crude oil basket increased by 45.4 per cent to US $ 111.3 per barrel during H1 of 2011-12 over H1 of 2010-11 while price of gold also rose significantly during the same period.
-
Estimates based on disaggregated data available up to September 2011 reveal that the rise in gold imports has been both on account of price as well as quantum factors.
Services There has been a moderation in the growth of services exports to 17.0 per cent during April-September 2011 as against 31.7 per cent during April-September 2010, while growth in imports of services was sharply lower at 1.2 per cent as against 47.2 per cent. Lower payments growth coupled with moderate growth in services receipts led net services to record a robust growth of 43.1 per cent during H1 of 2011-12 (12.2 per cent in the same period a year ago)
-
Moderation in the growth rate of the services receipts was mainly on account of decline in financial services and moderation in growth rate of other business services. However, other services, viz., travel, transportation, insurance and ‘telecommunications, computer & information services’ recorded a higher growth during April- September 2011 over the corresponding period last year.
-
Marginal growth in imports payments during H1 of 2011-12 as against a sharp growth during the same period a year ago was experienced in almost all the items except tourism and construction services, led by other business services, transportation, financial services and computer services.
-
Exports of computer services, i.e., software receipts at US$ 30.8 billion during April- September 2011 recorded an increase of 24.1 per cent as compared with a growth of 11.6 per cent a year ago.
-
The key components of the other business services are ‘research & developmental services’, ‘professional & management consulting services’ and ‘technical, trade related and other business services’. Net outflows on account of other business services continued during April- September 2011 and remained broadly stable at the level recorded during the same period of previous year.
Income Primary income Primary income balance, comprising compensation of employees and investment income, in H1 of 2011-12, worsened as compared with the corresponding period of previous year mainly due to higher interest payment on account of ECBs and external assistance.
-
Compensation of employees in net terms exhibited net inflows during H1 of 2011-12 amounting US$ 0.4 billion as against net outflows during the same period of previous year.
-
Investment income receipts during the H1 of 2011- 12 stood marginally lower by 3.8 per cent than the level recorded a year ago as interest earnings were lower on loans extended to non-residents.
-
Investment income payments stood higher by 12.1 per cent as compared with 18.1 per cent during the same period a year ago. The rise in investment income payments were mainly due to higher interest payments on account of ECBs and short-term trade credits. As a result, deficit in the investment income account widened by 20.9 per cent to US$ 9.4 billion during April-September 2011 (US$ (-)7.8 billion during a year ago).
Secondary Income
-
Secondary income receipts that primarily comprise personal transfers recorded a robust growth of 18.8 per cent to US$ 32.3 billion during April- September 2011 (US$ 27.2 billion a year ago).
-
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 H1 of 2011- 12, the share of local withdrawals in total outflows from NRI deposits at 66.5 per cent has been higher than the previous year level (Table 4).
- Under personal transfers, the inward remittances for family maintenance accounted for 47.6 per cent of the total personal transfer receipts, while local withdrawals accounted for 48.6 per cent during April-September 2011(Table 5).
Table 4: Inflows and Outflows from NRI Deposits and Local Withdrawals |
(US $ Billion) |
Year |
Inflows |
Outflows |
Local Withdrawals |
1 |
2 |
3 |
4 |
2009-10 (R) |
41.4 |
38.4 |
23.3 |
2010-11 (PR) |
49.3 |
46.0 |
26.2 |
April-Sep 2010 (PR) |
22.9 |
20.8 |
13.4 |
April-Sep 2011 (P) |
27.6 |
23.6 |
15.7 |
P: Preliminary. PR: Partially Revised. R: Revised. |
Current Account Balance
- During April-September 2011, 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 3.6 per cent was a shade lower than 3.7 per cent in H1 of the preceding year.
Table 5: Details of Secondary Income Receipts to India |
(US$ Billion) |
Year |
Secondary Income Receipts |
Of Which: |
Inward remittances for family maintenance |
Local withdrawals/redemptions of NRI Deposits |
Amount |
Percent- age Share in Total |
Amount |
Percent- age Share in Total |
1 |
2 |
3 |
4 |
5 |
6 |
2009-10 (R) |
53.6 |
28.4 |
53.0 |
23.3 |
43.5 |
2010-11 (PR) |
55.6 |
27.4 |
49.3 |
26.2 |
47.1 |
April-Sep 2010 (PR) |
27.2 |
12.9 |
47.4 |
13.4 |
49.3 |
April-Sep 2011 (P) |
32.3 |
15.4 |
47.6 |
15.7 |
48.6 |
P: Preliminary. PR: Partially Revised. R: Revised. |
Capital Account
- The capital account recorded a marginal deficit of US$ 27 million during April-September 2011 as compared to deficit of US$ 72 million a year ago.
Financial Account
-
Both gross inflows and outflows under the financial account were higher in 2010-11 as compared with the preceding year (Table 3).
-
Gross capital inflows were driven by foreign direct investments, inflows under currency & deposits (NRI deposits), loans availed by the banking sector and commercial sectors, short term trade credits and other receivables. On the other hand, gross capital outflows were led by higher outflows under FDIs, FIIs, loans availed by the commercial sector and short-term trade credit. In net terms, financial inflows increased moderately by 10.5 per cent to US$ 35.3 billion during the H1 of 2011-12 .
-
Inflow on account of foreign direct investments in India (in gross as well as net terms) was significantly higher during April-September 2011 than the level recorded during corresponding period of 2010-11.
-
Sector wise, the rise in gross FDI to India (i.e. inward FDI) during H1 of 2011-12 was mainly on account of higher FDI inflows under manufacturing, financial services, business services and communication services (Table 6).
-
Country wise, investment routed through Mauritius remained the largest component of gross FDI inflows to India in H1 of 2011-12 followed by the UK and Singapore (Table 7).
-
FDI by India in net terms also registered a growth of 15.4 per cent to US$ 8.3 billion (US$ 7.2 billion a year ago) largely due to higher outflows under other capital (inter-company borrowing). In terms of sectors, there has been significant increase in outward FDI in the areas of ‘agriculture, hunting, forestry and fishing’ and ‘transport, storage & communication services’. The ‘financial, insurance, real estate and business services’, ‘agriculture, hunting, forestry and fishing’ accounted for more than 50 percent of total outward FDI during April- September 2011 (Table 6).
- Direction wise (i.e. in terms of recipient countries), investment routed through Singapore constituted the largest component of gross outward FDI during the period, followed by Mauritius and the Netherlands (Table 7).
Table 6: Sector-wise FDI: Inflows and Outflows |
(US$ Billion) |
Gross FDI Inflows to India# |
Gross FDI Outflows from India* |
|
2010-11 |
2010-11 |
2011-12 |
|
2010-11 |
2010-11 |
2011-12 |
Industry |
Apr.-Mar. |
Apr.-Sep. |
Industry |
Apr.-Mar. |
Apr.-Sep. |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Manufacture |
4.8 |
2.2 |
6.8 |
Financial, Insurance, Real Estate and Business Services |
6.5 |
2.2 |
2.2 |
Financial Services |
1.4 |
0.8 |
1.9 |
Agriculture , Hunting, Forestry and Fishing |
1.2 |
0.6 |
2.0 |
Communication Services |
1.2 |
0.8 |
1.4 |
Manufacturing |
5.0 |
2.3 |
1.8 |
Business Services |
0.6 |
0.2 |
1.1 |
Transport, Storage and Communication Services |
0.8 |
0.3 |
1.0 |
Electricity and others |
1.3 |
0.7 |
1.1 |
Wholesale, Retail Trade, Restaurants and Hotels |
1.9 |
0.5 |
0.6 |
Construction |
1.6 |
0.8 |
1.1 |
Construction |
0.4 |
0.2 |
0.2 |
Restaurants and Hotels |
0.2 |
1.0 |
0.4 |
Electricity, Gas and Water |
0.1 |
0.1 |
0.1 |
Computer Services |
0.8 |
0.4 |
0.4 |
Community, Social and Personal Services |
0.7 |
0.5 |
0.1 |
Others |
3.0 |
1.0 |
1.7 |
Miscellaneous |
0.2 |
0.1 |
– |
Total |
14.9 |
7.9 |
15.9 |
Total |
16.8 |
6.8 |
8.0 |
#: 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 guarantees invoked, and hence are not comparable with data in other tables. |
Table 7: Country-wise FDI: Inflows and Outflows |
(US$ Billion) |
Gross FDI inflows to India# |
Gross FDI outflows from India* |
Country |
Apr.- Mar. |
Apr.-Sep. |
Country |
Apr. - Mar. |
Apr. - Sep. |
2010-11 |
2010-11 |
2011-12 |
2010-11 |
2010-11 |
2011-12 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Mauritius |
5.6 |
2.9 |
5.8 |
Singapore |
4.0 |
2.0 |
1.9 |
UK |
0.5 |
0.3 |
2.5 |
Mauritius |
5.1 |
1.9 |
1.7 |
Singapore |
1.5 |
1.1 |
2.3 |
Netherlands |
1.5 |
0.3 |
0.7 |
Japan |
1.3 |
0.4 |
1.7 |
USA |
1.2 |
0.7 |
0.6 |
Netherlands |
1.4 |
0.7 |
0.8 |
UAE |
0.9 |
0.5 |
0.3 |
France |
0.5 |
0.1 |
0.4 |
British Virgin Islands |
0.3 |
0.2 |
0.2 |
U.S.A |
1.1 |
0.6 |
0.5 |
UK |
0.4 |
0.1 |
0.2 |
Cyprus |
0.6 |
0.2 |
0.6 |
Sri Lanka |
– |
– |
0.1 |
Germany |
0.2 |
0.1 |
0.2 |
Cayman Islands |
0.4 |
0.1 |
– |
Italy |
0.1 |
0.1 |
0.1 |
Hong Kong |
0.2 |
– |
0.2 |
Others |
2.1 |
1.4 |
1.0 |
Others |
2.8 |
1.0 |
2.1 |
Total |
14.9 |
7.9 |
15.9 |
Total |
16.8 |
6.8 |
8.0 |
#: 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. |
-
With marginal rise in gross outward FDI and significant rise in gross inward FDI, the net FDI (i.e., net inward FDI minus net outward FDI) to India stood significantly higher at US$ 12.3 billion during April-September 2011 (US$ 7.0 billion a year ago).
- During April-September 2011, the actual outward FDI in joint ventures (JVs) and wholly owned subsidiaries (WOSs) stood at US$ 8.0 billion, which was 17.6 per cent higher than that during the same period of preceding year. During H1 of 2011-12, investment financed through equity declined by 37.5 per cent whereas the loan component registered a rise of 96.4 per cent over the corresponding period a year ago. Accordingly, the share of equity in total outward FDI fell to 31.3 per cent as compared to 58.8 per cent in the preceding year (Table 8).
Table 8: India's Outward FDI |
(US$ Billion) |
Period |
Equity* |
Loan |
Guarantees Invoked |
Total |
April-September |
2.5 |
5.5 |
– |
8.0 |
2011-12 (P) |
(31.3) |
(68.7) |
(–) |
|
April-September |
4.0 |
2.8 |
– |
6.8 |
2010-11 (PR) |
(58.8) |
(41.2) |
(–) |
|
2010-2011 (PR) |
9.3 |
7.5 |
– |
16.8 |
|
(55.4) |
(44.6) |
(–) |
|
2009-2010 |
10.6 |
4.2 |
– |
14.8 |
|
(71.6) |
(28.4) |
(–) |
|
2008-2009 |
13.3 |
6.1 |
– |
19.4 |
|
(68.6) |
(31.4) |
(–) |
|
*: 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. |
-
Net inflows under FII during April-September 2011 at US$ 0.9 billion was significantly lower than the corresponding period a year ago (US$ 22.3 billion).
-
Net inflows under currency and deposits by banking sector increased by 82.0 per cent to US$ 3.9 billion as compared with an inflows of US$ 2.2 billion during the same period a year ago.
-
Net loans availed by commercial banks also increased significantly from net outflows during H1 of 2010-11 to US$ 15.4 billion during H1 of 2011-12 mainly due to drawdown of their foreign currency assets held abroad as well as rise in overseas borrowings.
-
Net loans availed by non-Government and non-banking sectors (net ECBs) stood higher at US$ 9.9 billion as compared with US$ 6.0 billion in H1 of 2010-11. Net inflows under short-term trade credit, however, moderated to US$ 5.9 billion in H1 of 2011-12 as compared to US$ 6.9 billion in H1 of 2010-11.
-
‘Other receivables/ payables’ that include leads and lags in exports, SDR allocation, net funds held abroad, advances received pending issue of shares under FDI, rupee debt service and other receivables/ payables not included elsewhere recorded a higher net outflow of US$ 9.3 billion during April-September 2011 as compared with a net outflow of US$ 8.4 billion in the corresponding period preceding year (Table 9). ‘Lead & lag in exports’ also include trade credit extended by Indian exporters to non-residents.
Table 9: Details of ‘Other Receivables /Payables’ (Net) |
(US $ Billion) |
Item |
April-March |
April-September |
2009-10 (R) |
2010-11 (PR) |
2010-11 (PR) |
2011-12 (P) |
1 |
2 |
3 |
4 |
5 |
Lead and Lags in Exports |
-4.9 |
-10.9 |
-4.5 |
-8.8 |
Net Funds Held Abroad |
-6.9 |
-1.6 |
-1.6 |
-0.2 |
Advances Received Pending Issue of Shares under FDI |
3.1 |
6.9 |
1.1 |
2.9 |
SDR Allocation |
5.2 |
– |
– |
– |
Other capital not included elsewhere# |
-9.7 |
-5.4 |
-3.4 |
-3.2 |
Total (1 to 5) |
-13.2 |
-11.0 |
-8.4 |
-9.3 |
#: Inclusive of derivatives, advance payments for imports, software funds held abroad and other receivables/payables not included elsewhere.
P: Preliminary. PR: Partially Revised. R: Revised. -: Nil/NA. |
Reserve Variation
-
There was a net accretion to foreign exchange reserves to the extent of US$ 5.7 billion during H1 of 2011-12. In nominal terms (i.e., including valuation changes), foreign exchange reserves increased by US$ 6.7 billion during the period reflecting marginal appreciation of US dollar against the major international currencies.
-
At the end of September 2011, the level of foreign exchange reserves stood at US$ 311.5 billion.
Difference between DGCI&S and Balance of Payments Import data
- As per the records of the DGCI&S imports (based on customs data) and the BoP merchandise imports (based on the banking channel data), the difference between the two data sets works out to about US$ 2.5 billion during April-September 2011, (Table 10).
Table 10: DGCI&S and the BoP Import Data |
(US$ Billion) |
Item |
April-March |
April-September |
2009-10 |
2010-11 |
2011-12 |
1 |
2 |
3 |
4 |
1. BoP Imports |
300.6 |
381.1 |
236.7 |
2. DGCI&S Imports |
288.5 |
369.8 |
234.2 |
3. Difference (1-2) |
12.1 |
11.3 |
2.5 |
Statement 1: Standard Presentation of BoP in India as per BPM6 |
(US$ million) |
Item |
Apr-Mar 2009-10 (R) |
Apr-Mar 2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
1 |
Current Account (1.A+1.B+1.C) |
344651 |
383087 |
-38435 |
447000 |
492958 |
-45958 |
|
1.A Goods and Services (1.A.a+1.A.b) |
277991 |
360181 |
-82190 |
382280 |
464054 |
-81775 |
|
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
182262 |
300644 |
-118382 |
250627 |
381061 |
-130434 |
|
1.A.a.1 General merchandise on a BOP basis |
182442 |
271829 |
-89387 |
250468 |
347106 |
-96638 |
|
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
|
1.A.a.2 Net exports of goods under merchanting |
-180 |
– |
-180 |
159 |
– |
159 |
|
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 |
– |
28816 |
-28816 |
– |
33955 |
-33955 |
|
1.A.b Services (1.A.b.1 to 1.A.b.13) |
95729 |
59537 |
36192 |
131653 |
82993 |
48659 |
|
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 |
11185 |
12035 |
-850 |
14323 |
13947 |
375 |
|
1.A.b.3.1 Sea transport |
5825 |
7264 |
-1439 |
6167 |
8116 |
-1949 |
|
1.A.b.3.2 Air transport |
1816 |
3738 |
-1923 |
2464 |
4780 |
-2316 |
|
1.A.b.3.3 Other modes of transport |
3537 |
931 |
2606 |
5641 |
984 |
4656 |
|
1.A.b.3.4 Postal and courier services |
8 |
101 |
-94 |
52 |
67 |
-15 |
|
1.A.b.4 Travel |
11859 |
9343 |
2517 |
15275 |
11108 |
4167 |
|
1.A.b.4.1 Business |
– |
3463 |
-3463 |
– |
4979 |
-4979 |
|
1.A.b.4.2 Personal |
– |
5880 |
-5880 |
– |
6129 |
-6129 |
|
1.A.b.4.2.1 Health-related |
– |
28 |
-28 |
– |
59 |
-59 |
|
1.A.b.4.2.2 Education-related |
– |
2137 |
-2137 |
– |
1893 |
-1893 |
|
1.A.b.4.2.3 Other |
– |
3661 |
-3661 |
– |
4178 |
-4178 |
|
1.A.b.5 Construction |
560 |
998 |
-438 |
677 |
1157 |
-481 |
|
1.A.b.5.1 Construction abroad |
560 |
535 |
25 |
677 |
633 |
44 |
|
1.A.b.5.2 Construction in the reporting economy |
– |
463 |
-463 |
– |
524 |
-524 |
|
1.A.b.6 Insurance and pension services |
1591 |
1285 |
306 |
1948 |
1400 |
549 |
|
1.A.b.6.1 Direct insurance |
1290 |
456 |
834 |
1790 |
584 |
1205 |
|
1.A.b.6.2 Reinsurance |
270 |
684 |
-414 |
127 |
750 |
-623 |
|
1.A.b.6.3 Auxiliary insurance services |
31 |
145 |
-114 |
32 |
65 |
-33 |
|
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
|
1.A.b.7 Financial services |
3692 |
4642 |
-950 |
6508 |
7483 |
-975 |
|
1.A.b.7.1 Explicitly charged and other financial services |
3692 |
4642 |
-950 |
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. |
203 |
2017 |
-1814 |
193 |
2424 |
-2231 |
|
1.A.b.9 Telecommunications, computer, and information services |
51879 |
3251 |
48629 |
57577 |
3748 |
53829 |
|
1.A.b.9.1 Telecommunications services |
1823 |
1144 |
679 |
1512 |
1085 |
427 |
|
1.A.b.9.2 Computer services |
49705 |
1468 |
48237 |
55460 |
2194 |
53265 |
|
1.A.b.9.3 Information services |
351 |
639 |
-288 |
605 |
468 |
137 |
|
1.A.b.10 Other business services |
11292 |
17926 |
-6634 |
22823 |
26696 |
-3874 |
|
1.A.b.10.1 Research and development services |
565 |
318 |
247 |
878 |
249 |
629 |
|
1.A.b.10.2 Professional and management consulting services |
5989 |
9998 |
-4009 |
10626 |
11991 |
-1365 |
|
1.A.b.10.3 Technical, trade-related, and other business services |
4738 |
7610 |
-2872 |
11319 |
14457 |
-3138 |
|
1.A.b.11 Personal, cultural, and recreational services |
527 |
300 |
227 |
227 |
543 |
-316 |
|
1.A.b.11.1 Audiovisual and related services |
438 |
172 |
266 |
117 |
147 |
-30 |
|
1.A.b.11.2 Other personal, cultural, and recreational services |
89 |
128 |
-39 |
110 |
396 |
-287 |
|
1.A.b.12 Government goods and services n.i.e. |
441 |
525 |
-84 |
531 |
820 |
-288 |
|
1.A.b.13 Others n.i.e. |
2499 |
7216 |
-4717 |
11571 |
13667 |
-2096 |
|
1.B Primary Income (1.B.1 to 1.B.3) |
13024 |
21061 |
-8036 |
9102 |
26411 |
-17308 |
|
1.B.1 Compensation of employees |
915 |
1705 |
-791 |
1116 |
2028 |
-912 |
|
1.B.2 Investment income |
12110 |
19355 |
-7246 |
7986 |
24383 |
-16397 |
|
1.B.2.1 Direct investment |
6199 |
19084 |
-12885 |
3824 |
24011 |
-20188 |
|
1.B.2.1.1 Income on equity and investment fund shares |
1989 |
12698 |
-10709 |
2049 |
16840 |
-14791 |
|
1.B.2.1.2 Interest |
4210 |
6386 |
-2176 |
1775 |
7171 |
-5397 |
|
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
|
1.B.2.3 Other investment |
– |
262 |
-262 |
– |
353 |
-353 |
|
1.B.2.4 Reserve assets |
5910 |
9 |
5901 |
4162 |
18 |
4144 |
|
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
|
1.C Secondary Income (1.C.1+1.C.2) |
53636 |
1845 |
51791 |
55618 |
2494 |
53125 |
|
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
53636 |
1902 |
51735 |
55618 |
2494 |
53125 |
|
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
51695 |
1515 |
50180 |
53559 |
2078 |
51481 |
|
Of which: |
– |
– |
– |
– |
– |
– |
|
1.C.1.1.1 Workers’ remittances |
28407 |
1881 |
26526 |
27408 |
2078 |
25331 |
|
1.C.1.2 Other current transfers |
1942 |
387 |
1555 |
2060 |
416 |
1644 |
2 |
Capital Account (2.1+2.2) |
777 |
501 |
276 |
685 |
645 |
40 |
|
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
50 |
28 |
22 |
38 |
14 |
25 |
|
2.2 Capital transfers |
727 |
473 |
254 |
647 |
631 |
16 |
|
2.2.1 General government |
727 |
473 |
254 |
647 |
631 |
16 |
|
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
|
2.2.1.2 Other capital transfers |
727 |
473 |
254 |
647 |
631 |
16 |
|
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
|
|
|
|
|
|
Statement 1: Standard Presentation of BoP in India as per BPM6 |
(US$ million) |
Item |
Apr-Mar 2009-10 (R) |
Apr-Mar 2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
3 Financial Account (3.1 to 3.5) |
345717 |
307546 |
38171 |
499317 |
450403 |
48914 |
3.1 Direct Investment (3.1A+3.1B) |
38484 |
20518 |
17966 |
35464 |
26104 |
9360 |
3.1.A Direct Investment in India |
37746 |
4637 |
33109 |
32902 |
7018 |
25884 |
3.1.1 Equity and investment fund shares |
35815 |
4241 |
31574 |
32244 |
6514 |
25730 |
3.1.1.1 Equity other than reinvestment of earnings |
27146 |
4241 |
22905 |
20304 |
6514 |
13791 |
3.1.1.1.1 Direct investor in direct investment enterprises |
27146 |
4241 |
22905 |
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 |
8669 |
– |
8669 |
11939 |
– |
11939 |
3.1.2 Debt instruments |
1931 |
396 |
1535 |
658 |
504 |
154 |
3.1.2.1 Direct investor in direct investment enterprises |
1931 |
396 |
1535 |
658 |
504 |
154 |
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 |
738 |
15881 |
-15143 |
2562 |
19086 |
-16524 |
3.1.1 Equity and investment fund shares |
738 |
11693 |
-10955 |
2562 |
11621 |
-9059 |
3.1.1.1 Equity other than reinvestment of earnings |
738 |
10609 |
-9871 |
2562 |
10537 |
-7975 |
3.1.1.1.1 Direct investor in direct investment enterprises |
738 |
10609 |
-7528 |
2562 |
10537 |
-7975 |
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 |
– |
1084 |
-1084 |
– |
1084 |
-1084 |
3.1.2 Debt instruments |
– |
4188 |
-4188 |
– |
7465 |
-7465 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
4188 |
-4188 |
– |
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 |
156842 |
127773 |
29069 |
251903 |
223660 |
28243 |
3.2A Portfolio Investment in India |
156570 |
127521 |
29049 |
251125 |
221704 |
29422 |
3.2.1 Equity and investment fund shares |
130471 |
93599 |
36873 |
187837 |
168910 |
18927 |
3.2.2 Debt securities |
26099 |
33922 |
-7824 |
63289 |
52794 |
10495 |
3.2.B Portfolio Investment by India |
272 |
252 |
20 |
777 |
1956 |
-1179 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
150391 |
145814 |
4577 |
211950 |
187589 |
24361 |
3.4.1 Other equity (ADRs/GDRs) |
3328 |
– |
3328 |
2049 |
– |
2049 |
3.4.2 Currency and deposits |
41961 |
38882 |
3078 |
50954 |
47186 |
3768 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
606 |
449 |
157 |
1702 |
1172 |
529 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
41355 |
38433 |
2922 |
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) |
40438 |
36543 |
3894 |
73363 |
54722 |
18641 |
3.4.3A Loans to India |
39414 |
34617 |
4797 |
71447 |
53108 |
18339 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
19538 |
20533 |
-995 |
41369 |
40175 |
1194 |
3.4.3.3 General government (External Assistance) |
5846 |
2585 |
3261 |
7806 |
2840 |
4967 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
14029 |
11498 |
2531 |
22272 |
10094 |
12179 |
3.4.3B Loans by India |
1024 |
1927 |
-903 |
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 |
51 |
422 |
-371 |
76 |
102 |
-26 |
3.4.3.4 Other sectors |
973 |
1505 |
-531 |
1840 |
1513 |
328 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
53264 |
45706 |
7558 |
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 |
53264 |
45706 |
7558 |
75732 |
64742 |
10990 |
3.4.6 Other accounts receivable/payable—other |
11401 |
24682 |
-13281 |
9852 |
20939 |
-11088 |
3.4.7 Special drawing rights |
|
|
|
|
|
|
3.5 Reserve assets |
– |
13441 |
-13441 |
– |
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) |
– |
13441 |
-13441 |
– |
13050 |
-13050 |
3.5.4.1 Currency,deposits and securities |
– |
13441 |
-13441 |
– |
13050 |
-13050 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
345717 |
307546 |
38171 |
499317 |
450403 |
48914 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
167297 |
109785 |
57512 |
223420 |
189001 |
34419 |
3.0.2 Debt instruments |
163692 |
159638 |
4054 |
263996 |
227413 |
36583 |
3.0.3 Other financial assets and liabilities |
14729 |
38124 |
-23395 |
11901 |
33990 |
-22089 |
4 Net errors and omissions |
|
12 |
-12 |
|
2996 |
-2996 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2009 (R) |
July-September 2009 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
7 |
8 |
9 |
10 |
11 |
12 |
1 |
Current Account (1.A+1.B+1.C) |
77706 |
81795 |
-4089 |
83600 |
92857 |
-9257 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
61457 |
76277 |
-14820 |
64632 |
86578 |
-21946 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
39072 |
65447 |
-26374 |
43346 |
72994 |
-29649 |
| |
1.A.a.1 General merchandise on a BOP basis |
39166 |
59612 |
-20445 |
43403 |
67571 |
-24169 |
| |
1.A.a.1.1 Re-exports |
|
|
|
|
|
|
| |
1.A.a.2 Net exports of goods under merchanting |
-94 |
|
-94 |
-57 |
|
-57 |
| |
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 |
– |
5835 |
-5835 |
– |
5423 |
-5423 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
22385 |
10830 |
11554 |
21287 |
13583 |
7703 |
| |
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 |
2503 |
2811 |
-308 |
2571 |
2242 |
329 |
| |
1.A.b.3.1 Sea transport |
1434 |
1599 |
-164 |
1456 |
1271 |
185 |
| |
1.A.b.3.2 Air transport |
437 |
905 |
-467 |
333 |
760 |
-426 |
| |
1.A.b.3.3 Other modes of transport |
630 |
274 |
356 |
781 |
190 |
591 |
| |
1.A.b.3.4 Postal and courier services |
2 |
34 |
-32 |
1 |
22 |
-20 |
| |
1.A.b.4 Travel |
2,297 |
2,035 |
262 |
2,719 |
2,357 |
362 |
| |
1.A.b.4.1 Business |
– |
826 |
-826 |
– |
833 |
-833 |
| |
1.A.b.4.2 Personal |
– |
1209 |
-1209 |
– |
1524 |
-1524 |
| |
1.A.b.4.2.1 Health-related |
– |
7 |
-7 |
– |
7 |
-7 |
| |
1.A.b.4.2.2 Education-related |
– |
360 |
-360 |
– |
735 |
-735 |
| |
1.A.b.4.2.3 Other |
– |
831 |
-831 |
– |
739 |
-739 |
| |
1.A.b.5 Construction |
149 |
267 |
-118 |
150 |
259 |
-109 |
| |
1.A.b.5.1 Construction abroad |
149 |
174 |
-25 |
150 |
121 |
29 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
93 |
-93 |
– |
138 |
-138 |
| |
1.A.b.6 Insurance and pension services |
388 |
314 |
74 |
384 |
341 |
44 |
| |
1.A.b.6.1 Direct insurance |
308 |
64 |
244 |
250 |
201 |
49 |
| |
1.A.b.6.2 Reinsurance |
73 |
146 |
-73 |
128 |
128 |
– |
| |
1.A.b.6.3 Auxiliary insurance services |
7 |
104 |
-97 |
6 |
11 |
-5 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
1116 |
835 |
282 |
732 |
1135 |
-403 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
1116 |
835 |
282 |
732 |
1135 |
-403 |
| |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
| |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
69 |
414 |
-345 |
47 |
409 |
-362 |
| |
1.A.b.9 Telecommunications, computer, and information services |
11509 |
726 |
10784 |
11900 |
788 |
11112 |
| |
1.A.b.9.1 Telecommunications services |
416 |
243 |
173 |
611 |
280 |
331 |
| |
1.A.b.9.2 Computer services |
11004 |
391 |
10613 |
11207 |
438 |
10769 |
| |
1.A.b.9.3 Information services |
89 |
91 |
-2 |
83 |
71 |
12 |
| |
1.A.b.10 Other business services |
2557 |
3172 |
-615 |
2504 |
4612 |
-2109 |
| |
1.A.b.10.1 Research and development services |
106 |
51 |
55 |
145 |
56 |
90 |
| |
1.A.b.10.2 Professional and management consulting services |
1485 |
1531 |
-46 |
1348 |
2639 |
-1291 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
966 |
1590 |
-624 |
1010 |
1918 |
-907 |
| |
1.A.b.11 Personal, cultural, and recreational services |
95 |
98 |
-3 |
139 |
89 |
50 |
| |
1.A.b.11.1 Audiovisual and related services |
79 |
40 |
39 |
112 |
74 |
38 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
16 |
58 |
-43 |
27 |
15 |
12 |
| |
1.A.b.12 Government goods and services n.i.e. |
100 |
103 |
-3 |
100 |
130 |
-29 |
| |
1.A.b.13 Others n.i.e. |
1600 |
56 |
1544 |
39 |
1221 |
-1182 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
2,951 |
5,159 |
-2208 |
4,751 |
5,819 |
-1068 |
| |
1.B.1 Compensation of employees |
227 |
351 |
-124 |
205 |
342 |
-137 |
| |
1.B.2 Investment income |
2723 |
4808 |
-2085 |
4546 |
5477 |
-931 |
| |
1.B.2.1 Direct investment |
808 |
4768 |
-3960 |
2534 |
5420 |
-2886 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
408 |
3,093 |
-2685 |
411 |
3,614 |
-3203 |
| |
1.B.2.1.2 Interest |
400 |
1675 |
-1275 |
2123 |
1806 |
318 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
38 |
-38 |
– |
56 |
-56 |
| |
1.B.2.4 Reserve assets |
1915 |
1 |
1914 |
2012 |
1 |
2011 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
13,298 |
360 |
12939 |
14,217 |
460 |
13757 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
13,298 |
360 |
12,939 |
14,217 |
470 |
13,747 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
12,753 |
289 |
12,464 |
13,742 |
373 |
13,369 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
7,184 |
289 |
6,895 |
7,493 |
443 |
7,049 |
| |
1.C.1.2 Other current transfers |
546 |
70 |
475 |
474 |
97 |
378 |
2 |
Capital Account (2.1+2.2) |
63 |
117 |
-54 |
179 |
114 |
65 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
17 |
8 |
9 |
10 |
5 |
5 |
| |
2.2 Capital transfers |
47 |
110 |
-63 |
169 |
108 |
60 |
| |
2.2.1 General government |
47 |
110 |
-63 |
169 |
108 |
60 |
| |
2.2.1.1 Debt forgiveness |
|
|
– |
|
|
– |
| |
2.2.1.2 Other capital transfers |
47 |
110 |
-63 |
169 |
108 |
60 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
|
|
|
|
|
|
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2009 (R) |
July-September 2009 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
7 |
8 |
9 |
10 |
11 |
12 |
3 Financial Account (3.1 to 3.5) |
77791 |
74106 |
3685 |
96032 |
86199 |
9832 |
3.1 Direct Investment (3.1A+3.1B) |
9950 |
4980 |
4970 |
11551 |
4126 |
7425 |
3.1.A Direct Investment in India |
9825 |
926 |
8900 |
11455 |
632 |
10824 |
3.1.1 Equity and investment fund shares |
9457 |
900 |
8558 |
10714 |
597 |
10117 |
3.1.1.1 Equity other than reinvestment of earnings |
7290 |
900 |
6390 |
8547 |
597 |
7950 |
3.1.1.1.1 Direct investor in direct investment enterprises |
7290 |
900 |
6390 |
8547 |
597 |
7950 |
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 |
2167 |
– |
2167 |
2167 |
– |
2167 |
3.1.2 Debt instruments |
368 |
26 |
342 |
741 |
35 |
707 |
3.1.2.1 Direct investor in direct investment enterprises |
368 |
26 |
342 |
741 |
35 |
707 |
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 |
125 |
4054 |
-3929 |
95 |
3494 |
-3399 |
3.1.1 Equity and investment fund shares |
125 |
3108 |
-2984 |
95 |
2402 |
-2306 |
3.1.1.1 Equity other than reinvestment of earnings |
125 |
2837 |
-2713 |
95 |
2131 |
-2035 |
3.1.1.1.1 Direct investor in direct investment enterprises |
125 |
2837 |
-1765 |
95 |
2131 |
-1905 |
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 |
3.1.2 Debt instruments |
– |
946 |
-946 |
– |
1092 |
-1092 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
946 |
-946 |
– |
1092 |
-1092 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
38582 |
30357 |
8225 |
41697 |
34683 |
7014 |
3.2A Portfolio Investment in India |
38,559 |
30,332 |
8227 |
41,693 |
34,655 |
7038 |
3.2.1 Equity and investment fund shares |
33863 |
26120 |
7743 |
36107 |
24604 |
11503 |
3.2.2 Debt securities |
4696 |
4212 |
484 |
5586 |
10051 |
-4465 |
3.2.B Portfolio Investment by India |
23 |
25 |
-2 |
4 |
28 |
-24 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
29259 |
38655 |
-9396 |
42784 |
37973 |
4811 |
3.4.1 Other equity (ADRs/GDRs) |
43 |
– |
43 |
2664 |
– |
2664 |
3.4.2 Currency and deposits |
11172 |
9593 |
1579 |
10342 |
9438 |
904 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
– |
239 |
-238 |
– |
143 |
-143 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
11172 |
9354 |
1817 |
10342 |
9295 |
1047 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
7391 |
12496 |
-5105 |
10962 |
5503 |
5459 |
3.4.3A Loans to India |
7134 |
12058 |
-4923 |
10744 |
5182 |
5561 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
4405 |
9349 |
-4944 |
6202 |
2694 |
3508 |
3.4.3.3 General government (External Assistance) |
1001 |
623 |
378 |
1464 |
635 |
829 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
1728 |
2085 |
-357 |
3077 |
1853 |
1224 |
3.4.3B Loans by India |
257 |
438 |
-182 |
218 |
320 |
-102 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
13 |
105 |
-93 |
13 |
105 |
-93 |
3.4.3.4 Other sectors |
244 |
333 |
-89 |
206 |
215 |
-9 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
10126 |
11382 |
-1256 |
11928 |
10721 |
1206 |
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 |
10126 |
11382 |
-1256 |
11928 |
10721 |
1206 |
3.4.6 Other accounts receivable/payable—other |
528 |
5184 |
-4656 |
6889 |
12311 |
-5422 |
3.4.7 Special drawing rights |
|
|
– |
|
|
– |
3.5 Reserve assets |
– |
115 |
-115 |
– |
9418 |
-9418 |
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) |
– |
115 |
-115 |
– |
9418 |
-9418 |
3.5.4.1 Currency,deposits and securities |
– |
115 |
-115 |
– |
9418 |
-9418 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
77791 |
74106 |
3685 |
96032 |
86199 |
9832 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
43468 |
30152 |
13315 |
46921 |
27631 |
19290 |
3.0.2 Debt instruments |
33753 |
38655 |
-4902 |
39558 |
36840 |
2719 |
3.0.3 Other financial assets and liabilities |
571 |
5299 |
-4728 |
9553 |
21729 |
-12176 |
4 Net errors and omissions |
459 |
|
459 |
|
641 |
-641 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
Oct-Dec 2009 (R) |
Jan-Mar 2010 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
13 |
14 |
15 |
16 |
17 |
18 |
1 |
Current Account (1.A+1.B+1.C) |
87188 |
99643 |
-12455 |
96157 |
108791 |
-12634 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
71521 |
94001 |
-22480 |
80381 |
103326 |
-22945 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
47160 |
78100 |
-30940 |
52685 |
84104 |
-31419 |
| |
1.A.a.1 General merchandise on a BOP basis |
47170 |
70528 |
-23357 |
52702 |
74118 |
-21416 |
| |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
| |
1.A.a.2 Net exports of goods under merchanting |
-11 |
|
-11 |
-18 |
|
-18 |
| |
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 |
– |
7572 |
-7572 |
– |
9986 |
-9986 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
24361 |
15901 |
8460 |
27696 |
19222 |
8474 |
| |
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 |
2992 |
3383 |
-391 |
3119 |
3599 |
-480 |
| |
1.A.b.3.1 Sea transport |
1414 |
2161 |
-747 |
1521 |
2233 |
-713 |
| |
1.A.b.3.2 Air transport |
510 |
950 |
-441 |
536 |
1124 |
-588 |
| |
1.A.b.3.3 Other modes of transport |
1068 |
255 |
813 |
1058 |
213 |
846 |
| |
1.A.b.3.4 Postal and courier services |
– |
16 |
-16 |
4 |
29 |
-25 |
| |
1.A.b.4 Travel |
3,440 |
2,312 |
1127 |
3,403 |
2,638 |
766 |
| |
1.A.b.4.1 Business |
– |
903 |
-903 |
– |
901 |
-901 |
| |
1.A.b.4.2 Personal |
– |
1410 |
-1410 |
– |
1736 |
-1736 |
| |
1.A.b.4.2.1 Health-related |
– |
8 |
-8 |
– |
6 |
-6 |
| |
1.A.b.4.2.2 Education-related |
– |
551 |
-551 |
– |
491 |
-491 |
| |
1.A.b.4.2.3 Other |
– |
851 |
-851 |
– |
1240 |
-1240 |
| |
1.A.b.5 Construction |
160 |
182 |
-22 |
102 |
290 |
-189 |
| |
1.A.b.5.1 Construction abroad |
160 |
123 |
37 |
102 |
117 |
-15 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
59 |
-59 |
– |
174 |
-174 |
| |
1.A.b.6 Insurance and pension services |
395 |
305 |
90 |
423 |
326 |
97 |
| |
1.A.b.6.1 Direct insurance |
351 |
33 |
318 |
381 |
157 |
224 |
| |
1.A.b.6.2 Reinsurance |
37 |
255 |
-218 |
31 |
155 |
-124 |
| |
1.A.b.6.3 Auxiliary insurance services |
7 |
16 |
-10 |
11 |
13 |
-3 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
741 |
1156 |
-415 |
1103 |
1517 |
-414 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
741 |
1156 |
-415 |
1103 |
1517 |
-414 |
| |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
| |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
45 |
578 |
-532 |
41 |
616 |
-574 |
| |
1.A.b.9 Telecommunications, computer, and information services |
13717 |
1006 |
12711 |
14752 |
731 |
14022 |
| |
1.A.b.9.1 Telecommunications services |
421 |
296 |
125 |
376 |
325 |
51 |
| |
1.A.b.9.2 Computer services |
13197 |
333 |
12865 |
14297 |
307 |
13990 |
| |
1.A.b.9.3 Information services |
99 |
378 |
-279 |
80 |
99 |
-19 |
| |
1.A.b.10 Other business services |
2413 |
4571 |
-2157 |
3818 |
5571 |
-1753 |
| |
1.A.b.10.1 Research and development services |
94 |
89 |
5 |
220 |
123 |
97 |
| |
1.A.b.10.2 Professional and management consulting services |
1273 |
2570 |
-1296 |
1883 |
3258 |
-1376 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
1046 |
1912 |
-866 |
1715 |
2190 |
-475 |
| |
1.A.b.11 Personal, cultural, and recreational services |
115 |
50 |
66 |
178 |
63 |
115 |
| |
1.A.b.11.1 Audiovisual and related services |
94 |
23 |
71 |
153 |
35 |
118 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
21 |
26 |
-5 |
25 |
28 |
-3 |
| |
1.A.b.12 Government goods and services n.i.e. |
124 |
134 |
-9 |
116 |
159 |
-42 |
| |
1.A.b.13 Others n.i.e. |
219 |
2225 |
-2006 |
641 |
3714 |
-3073 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
2,636 |
5,118 |
-2482 |
2,686 |
4,965 |
-2279 |
| |
1.B.1 Compensation of employees |
251 |
520 |
-269 |
231 |
492 |
-261 |
| |
1.B.2 Investment income |
2385 |
4597 |
-2212 |
2455 |
4473 |
-2018 |
| |
1.B.2.1 Direct investment |
1479 |
4495 |
-3016 |
1378 |
4401 |
-3024 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
449 |
3,052 |
-2604 |
722 |
2,938 |
-2216 |
| |
1.B.2.1.2 Interest |
1030 |
1442 |
-412 |
656 |
1463 |
-807 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
100 |
-100 |
– |
68 |
-68 |
| |
1.B.2.4 Reserve assets |
906 |
3 |
903 |
1077 |
4 |
1073 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
13,031 |
525 |
12506 |
13,090 |
500 |
12590 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
13,031 |
546 |
12,485 |
13,090 |
526 |
12,564 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
12,554 |
441 |
12,113 |
12,646 |
412 |
12,234 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
6,813 |
540 |
6,273 |
6,916 |
609 |
6,308 |
| |
1.C.1.2 Other current transfers |
477 |
105 |
372 |
444 |
115 |
330 |
2 |
Capital Account (2.1+2.2) |
395 |
115 |
280 |
139 |
154 |
-15 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
11 |
2 |
9 |
12 |
12 |
– |
| |
2.2 Capital transfers |
385 |
113 |
271 |
127 |
142 |
-15 |
| |
2.2.1 General government |
385 |
113 |
271 |
127 |
142 |
-15 |
| |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
| |
2.2.1.2 Other capital transfers |
385 |
113 |
271 |
127 |
142 |
-15 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
|
|
|
|
|
|
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
Oct-Dec 2009 (R) |
Jan-Mar 2010 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
13 |
14 |
15 |
16 |
17 |
18 |
3 Financial Account (3.1 to 3.5) |
81527 |
68931 |
12596 |
90367 |
78309 |
12058 |
3.1 Direct Investment (3.1A+3.1B) |
8922 |
6131 |
2791 |
8061 |
5281 |
2780 |
3.1.A Direct Investment in India |
8728 |
1469 |
7260 |
7737 |
1611 |
6126 |
3.1.1 Equity and investment fund shares |
8124 |
1233 |
6891 |
7520 |
1512 |
6008 |
3.1.1.1 Equity other than reinvestment of earnings |
5956 |
1233 |
4724 |
5353 |
1512 |
3841 |
3.1.1.1.1 Direct investor in direct investment enterprises |
5956 |
1233 |
4724 |
5353 |
1512 |
3841 |
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 |
2167 |
– |
2167 |
2167 |
– |
2167 |
3.1.2 Debt instruments |
605 |
236 |
369 |
217 |
99 |
118 |
3.1.2.1 Direct investor in direct investment enterprises |
605 |
236 |
369 |
217 |
99 |
118 |
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 |
194 |
4663 |
-4469 |
324 |
3671 |
-3346 |
3.1.1 Equity and investment fund shares |
194 |
3911 |
-3717 |
324 |
2272 |
-1948 |
3.1.1.1 Equity other than reinvestment of earnings |
194 |
3640 |
-3446 |
324 |
2001 |
-1677 |
3.1.1.1.1 Direct investor in direct investment enterprises |
194 |
3640 |
-2181 |
324 |
2001 |
-1677 |
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 |
3.1.2 Debt instruments |
– |
752 |
-752 |
– |
1398 |
-1398 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
752 |
-752 |
– |
1398 |
-1398 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
35306 |
30096 |
5210 |
41257 |
32637 |
8619 |
3.2A Portfolio Investment in India |
35,295 |
30,041 |
5254 |
41,023 |
32,493 |
8530 |
3.2.1 Equity and investment fund shares |
29453 |
21422 |
8031 |
31048 |
21452 |
9596 |
3.2.2 Debt securities |
5842 |
8619 |
-2777 |
9975 |
11041 |
-1066 |
3.2.B Portfolio Investment by India |
11 |
55 |
-44 |
234 |
144 |
89 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
37299 |
30937 |
6362 |
41049 |
38250 |
2799 |
3.4.1 Other equity (ADRs/GDRs) |
475 |
– |
475 |
146 |
– |
146 |
3.4.2 Currency and deposits |
10770 |
9636 |
1134 |
9677 |
10215 |
-539 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
594 |
67 |
526 |
12 |
– |
12 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
10177 |
9568 |
608 |
9665 |
10215 |
-551 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
10555 |
7211 |
3344 |
11530 |
11333 |
196 |
3.4.3A Loans to India |
10315 |
6536 |
3780 |
11220 |
10841 |
379 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
4401 |
3597 |
805 |
4530 |
4893 |
-363 |
3.4.3.3 General government (External Assistance) |
1633 |
697 |
936 |
1748 |
630 |
1118 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
4281 |
2242 |
2039 |
4943 |
5318 |
-375 |
3.4.3B Loans by India |
240 |
676 |
-436 |
309 |
492 |
-183 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
13 |
105 |
-93 |
13 |
105 |
-93 |
3.4.3.4 Other sectors |
227 |
570 |
-343 |
297 |
387 |
-90 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
13907 |
10754 |
3153 |
17303 |
12849 |
4454 |
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 |
13907 |
10754 |
3153 |
17303 |
12849 |
4454 |
3.4.6 Other accounts receivable/payable—other |
1591 |
3336 |
-1744 |
2393 |
3852 |
-1459 |
3.4.7 Special drawing rights |
|
|
– |
|
|
– |
3.5 Reserve assets |
– |
1767 |
-1767 |
– |
2141 |
-2141 |
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) |
– |
1767 |
-1767 |
– |
2141 |
-2141 |
3.5.4.1 Currency, deposits and securities |
– |
1767 |
-1767 |
– |
2141 |
-2141 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
81527 |
68931 |
12596 |
90367 |
78309 |
12058 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
37781 |
26621 |
11161 |
39127 |
25381 |
13746 |
3.0.2 Debt instruments |
41679 |
37207 |
4472 |
48701 |
46936 |
1766 |
3.0.3 Other financial assets and liabilities |
2066 |
5103 |
-3037 |
2539 |
5993 |
-3454 |
4 Net errors and omissions |
|
421 |
-421 |
591 |
|
591 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2010 (PR) |
July-September 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
19 |
20 |
21 |
22 |
23 |
24 |
1 |
Current Account (1.A+1.B+1.C) |
98221 |
110834 |
-12614 |
98598 |
115501 |
-16903 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
81670 |
103939 |
-22269 |
83112 |
108205 |
-25093 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
55200 |
87209 |
-32008 |
52044 |
89005 |
-36960 |
| |
1.A.a.1 General merchandise on a BOP basis |
55301 |
80806 |
-25504 |
52029 |
81061 |
-29031 |
| |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
| |
1.A.a.2 Net exports of goods under merchanting |
-101 |
|
-101 |
15 |
|
15 |
| |
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 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
26469 |
16730 |
9739 |
31067 |
19200 |
11867 |
| |
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 |
3296 |
3555 |
-259 |
| |
1.A.b.3.1 Sea transport |
1378 |
1797 |
-419 |
1636 |
2055 |
-419 |
| |
1.A.b.3.2 Air transport |
589 |
1133 |
-544 |
540 |
1164 |
-625 |
| |
1.A.b.3.3 Other modes of transport |
1176 |
204 |
972 |
1094 |
304 |
790 |
| |
1.A.b.3.4 Postal and courier services |
1 |
12 |
-11 |
26 |
31 |
-5 |
| |
1.A.b.4 Travel |
2,949 |
2,307 |
642 |
3,379 |
2,747 |
632 |
| |
1.A.b.4.1 Business |
– |
856 |
-856 |
– |
1006 |
-1006 |
| |
1.A.b.4.2 Personal |
– |
1451 |
-1451 |
– |
1740 |
-1740 |
| |
1.A.b.4.2.1 Health-related |
– |
41 |
-41 |
– |
6 |
-6 |
| |
1.A.b.4.2.2 Education-related |
– |
325 |
-325 |
– |
664 |
-664 |
| |
1.A.b.4.2.3 Other |
– |
1086 |
-1086 |
– |
1070 |
-1070 |
| |
1.A.b.5 Construction |
122 |
345 |
-223 |
173 |
136 |
37 |
| |
1.A.b.5.1 Construction abroad |
122 |
200 |
-78 |
173 |
77 |
97 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
146 |
-146 |
– |
59 |
-59 |
| |
1.A.b.6 Insurance and pension services |
410 |
310 |
100 |
441 |
386 |
55 |
| |
1.A.b.6.1 Direct insurance |
374 |
143 |
231 |
404 |
178 |
227 |
| |
1.A.b.6.2 Reinsurance |
29 |
147 |
-118 |
29 |
192 |
-164 |
| |
1.A.b.6.3 Auxiliary insurance services |
7 |
20 |
-13 |
8 |
16 |
-8 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
1228 |
1404 |
-176 |
1819 |
1905 |
-87 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
1228 |
1404 |
-176 |
1819 |
1905 |
-87 |
| |
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 |
| |
1.A.b.9 Telecommunications, computer, and information services |
12733 |
880 |
11854 |
12954 |
888 |
12066 |
| |
1.A.b.9.1 Telecommunications services |
324 |
230 |
94 |
392 |
235 |
157 |
| |
1.A.b.9.2 Computer services |
12327 |
575 |
11752 |
12455 |
585 |
11869 |
| |
1.A.b.9.3 Information services |
83 |
75 |
7 |
108 |
68 |
39 |
| |
1.A.b.10 Other business services |
4636 |
5609 |
-972 |
5584 |
6623 |
-1039 |
| |
1.A.b.10.1 Research and development services |
170 |
66 |
104 |
286 |
51 |
235 |
| |
1.A.b.10.2 Professional and management consulting services |
1914 |
2389 |
-475 |
2596 |
2995 |
-399 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
2553 |
3154 |
-601 |
2702 |
3577 |
-875 |
| |
1.A.b.11 Personal, cultural, and recreational services |
49 |
71 |
-21 |
56 |
105 |
-49 |
| |
1.A.b.11.1 Audiovisual and related services |
22 |
36 |
-15 |
27 |
47 |
-20 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
28 |
35 |
-7 |
29 |
58 |
-29 |
| |
1.A.b.12 Government goods and services n.i.e. |
94 |
143 |
-49 |
125 |
205 |
-80 |
| |
1.A.b.13 Others n.i.e. |
1068 |
1950 |
-882 |
3214 |
2089 |
1125 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
2,855 |
6,310 |
-3455 |
1,973 |
6,756 |
-4783 |
| |
1.B.1 Compensation of employees |
227 |
482 |
-255 |
247 |
434 |
-188 |
| |
1.B.2 Investment income |
2628 |
5828 |
-3199 |
1726 |
6322 |
-4596 |
| |
1.B.2.1 Direct investment |
1685 |
5747 |
-4062 |
511 |
6186 |
-5674 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
351 |
4,064 |
-3713 |
393 |
4,508 |
-4115 |
| |
1.B.2.1.2 Interest |
1335 |
1683 |
-349 |
119 |
1678 |
-1559 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
77 |
-77 |
– |
133 |
-133 |
| |
1.B.2.4 Reserve assets |
943 |
4 |
939 |
1215 |
4 |
1211 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
13,695 |
585 |
13110 |
13,513 |
540 |
12973 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
13,695 |
585 |
13,110 |
13,513 |
540 |
12,973 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
13,219 |
486 |
12,733 |
13,051 |
443 |
12,608 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
6,900 |
486 |
6,414 |
5,999 |
443 |
5,556 |
| |
1.C.1.2 Other current transfers |
476 |
100 |
377 |
462 |
97 |
365 |
2 |
Capital Account (2.1+2.2) |
69 |
144 |
-75 |
142 |
139 |
3 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
11 |
3 |
8 |
1 |
2 |
-1 |
| |
2.2 Capital transfers |
59 |
141 |
-83 |
141 |
137 |
4 |
| |
2.2.1 General government |
59 |
141 |
-83 |
141 |
137 |
4 |
| |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
| |
2.2.1.2 Other capital transfers |
59 |
141 |
-83 |
141 |
137 |
4 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2010 (PR) |
July-September 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
19 |
20 |
21 |
22 |
23 |
24 |
3 Financial Account (3.1 to 3.5) |
95087 |
81489 |
13598 |
112390 |
94075 |
18314 |
3.1 Direct Investment (3.1A+3.1B) |
9344 |
5870 |
3474 |
9162 |
5596 |
3565 |
3.1.A Direct Investment in India |
9050 |
2302 |
6748 |
8584 |
1097 |
7487 |
3.1.1 Equity and investment fund shares |
8975 |
2278 |
6698 |
8436 |
1034 |
7402 |
3.1.1.1 Equity other than reinvestment of earnings |
5991 |
2278 |
3713 |
5452 |
1034 |
4418 |
3.1.1.1.1 Direct investor in direct investment enterprises |
5991 |
2278 |
3713 |
5452 |
1034 |
4418 |
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 |
2985 |
– |
2985 |
2985 |
– |
2985 |
3.1.2 Debt instruments |
75 |
24 |
50 |
148 |
63 |
85 |
3.1.2.1 Direct investor in direct investment enterprises |
75 |
24 |
50 |
148 |
63 |
85 |
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 |
3568 |
-3274 |
578 |
4499 |
-3922 |
3.1.1 Equity and investment fund shares |
294 |
2409 |
-2115 |
578 |
2820 |
-2242 |
3.1.1.1 Equity other than reinvestment of earnings |
294 |
2138 |
-1844 |
578 |
2549 |
-1971 |
3.1.1.1.1 Direct investor in direct investment enterprises |
294 |
2138 |
-1844 |
578 |
2549 |
-1971 |
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 |
3.1.2 Debt instruments |
– |
1159 |
-1159 |
– |
1679 |
-1679 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
1159 |
-1159 |
– |
1679 |
-1679 |
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 |
3.2A Portfolio Investment in India |
42,858 |
39,320 |
3538 |
58,614 |
39,854 |
18759 |
3.2.1 Equity and investment fund shares |
32352 |
30110 |
2242 |
36346 |
26919 |
9427 |
3.2.2 Debt securities |
10506 |
9209 |
1296 |
22268 |
12935 |
9333 |
3.2.B Portfolio Investment by India |
94 |
141 |
-47 |
151 |
211 |
-60 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
42791 |
32417 |
10374 |
44463 |
45124 |
-661 |
3.4.1 Other equity (ADRs/GDRs) |
1114 |
|
1114 |
492 |
|
492 |
3.4.2 Currency and deposits |
11255 |
10157 |
1097 |
11672 |
11232 |
440 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
2 |
24 |
-22 |
– |
604 |
-604 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
11252 |
10133 |
1119 |
11672 |
10628 |
1044 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
13130 |
5544 |
7587 |
12544 |
12119 |
426 |
3.4.3A Loans to India |
12926 |
5275 |
7651 |
12228 |
11537 |
691 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
5491 |
2586 |
2905 |
5320 |
8923 |
-3603 |
3.4.3.3 General government (External Assistance) |
3191 |
733 |
2458 |
1253 |
662 |
590 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
4244 |
1957 |
2287 |
5656 |
1952 |
3703 |
3.4.3B Loans by India |
204 |
268 |
-64 |
316 |
581 |
-265 |
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 |
3.4.3.4 Other sectors |
185 |
243 |
-58 |
297 |
556 |
-259 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
15825 |
11506 |
4319 |
19420 |
16801 |
2618 |
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 |
3.4.6 Other accounts receivable/payable—other |
1467 |
5210 |
-3743 |
335 |
4972 |
-4637 |
3.4.7 Special drawing rights |
|
|
– |
|
|
– |
3.5 Reserve assets |
– |
3741 |
-3741 |
– |
3289 |
-3289 |
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 |
3.5.4.1 Currency, deposits and securities |
– |
3741 |
-3741 |
– |
3289 |
-3289 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
95087 |
81489 |
13598 |
112390 |
94075 |
18314 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
41716 |
34938 |
6777 |
45511 |
30984 |
14526 |
3.0.2 Debt instruments |
50790 |
37600 |
13190 |
66051 |
54829 |
11222 |
3.0.3 Other financial assets and liabilities |
2581 |
8951 |
-6370 |
827 |
8262 |
-7434 |
4 Net errors and omissions |
|
909 |
-909 |
|
1414 |
-1414 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
Oct-Dec 2010 (PR) |
Jan-Mar 2011 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
25 |
26 |
27 |
28 |
29 |
30 |
1 |
Current Account (1.A+1.B+1.C) |
120994 |
131112 |
-10119 |
129188 |
135511 |
-6322 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
104816 |
123770 |
-18954 |
112682 |
128141 |
-15459 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
65987 |
97421 |
-31434 |
77395 |
107427 |
-30032 |
| |
1.A.a.1 General merchandise on a BOP basis |
65898 |
89520 |
-23621 |
77240 |
95720 |
-18481 |
| |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
| |
1.A.a.2 Net exports of goods under merchanting |
89 |
|
89 |
156 |
|
156 |
| |
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 |
|
7901 |
-7901 |
|
11707 |
-11707 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
38829 |
26349 |
12480 |
35287 |
20714 |
14573 |
| |
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 |
3717 |
3992 |
-275 |
4166 |
3254 |
912 |
| |
1.A.b.3.1 Sea transport |
1607 |
2268 |
-661 |
1545 |
1995 |
-450 |
| |
1.A.b.3.2 Air transport |
579 |
1431 |
-852 |
755 |
1051 |
-296 |
| |
1.A.b.3.3 Other modes of transport |
1527 |
285 |
1242 |
1844 |
192 |
1652 |
| |
1.A.b.3.4 Postal and courier services |
4 |
8 |
-4 |
21 |
16 |
5 |
| |
1.A.b.4 Travel |
4,429 |
2,857 |
1572 |
4,518 |
3,198 |
1321 |
| |
1.A.b.4.1 Business |
– |
1251 |
-1251 |
– |
1866 |
-1866 |
| |
1.A.b.4.2 Personal |
– |
1606 |
-1606 |
– |
1331 |
-1331 |
| |
1.A.b.4.2.1 Health-related |
– |
7 |
-7 |
– |
5 |
-5 |
| |
1.A.b.4.2.2 Education-related |
– |
435 |
-435 |
– |
468 |
-468 |
| |
1.A.b.4.2.3 Other |
– |
1164 |
-1164 |
– |
858 |
-858 |
| |
1.A.b.5 Construction |
128 |
220 |
-91 |
253 |
456 |
-203 |
| |
1.A.b.5.1 Construction abroad |
128 |
117 |
11 |
253 |
239 |
14 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
102 |
-102 |
– |
216 |
-216 |
| |
1.A.b.6 Insurance and pension services |
507 |
403 |
104 |
590 |
301 |
289 |
| |
1.A.b.6.1 Direct insurance |
463 |
131 |
332 |
548 |
133 |
415 |
| |
1.A.b.6.2 Reinsurance |
37 |
255 |
-218 |
31 |
155 |
-124 |
| |
1.A.b.6.3 Auxiliary insurance services |
7 |
16 |
-10 |
11 |
13 |
-3 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
1684 |
1961 |
-276 |
1777 |
2213 |
-436 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
1684 |
1961 |
-276 |
1777 |
2213 |
-436 |
| |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
| |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
25 |
696 |
-671 |
106 |
602 |
-495 |
| |
1.A.b.9 Telecommunications, computer, and information services |
15485 |
1118 |
14368 |
16404 |
862 |
15542 |
| |
1.A.b.9.1 Telecommunications services |
421 |
296 |
125 |
376 |
325 |
51 |
| |
1.A.b.9.2 Computer services |
14743 |
709 |
14034 |
15936 |
326 |
15610 |
| |
1.A.b.9.3 Information services |
322 |
113 |
209 |
93 |
211 |
-118 |
| |
1.A.b.10 Other business services |
6754 |
7743 |
-989 |
5848 |
6721 |
-873 |
| |
1.A.b.10.1 Research and development services |
224 |
79 |
145 |
198 |
53 |
145 |
| |
1.A.b.10.2 Professional and management consulting services |
3131 |
3408 |
-277 |
2985 |
3199 |
-214 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
3399 |
4257 |
-857 |
2665 |
3469 |
-804 |
| |
1.A.b.11 Personal, cultural, and recreational services |
52 |
228 |
-176 |
70 |
139 |
-69 |
| |
1.A.b.11.1 Audiovisual and related services |
30 |
39 |
-9 |
38 |
25 |
14 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
22 |
190 |
-168 |
31 |
114 |
-83 |
| |
1.A.b.12 Government goods and services n.i.e. |
150 |
195 |
-45 |
162 |
277 |
-115 |
| |
1.A.b.13 Others n.i.e. |
5897 |
6936 |
-1039 |
1392 |
2692 |
-1300 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
2,096 |
6,698 |
-4601 |
2,177 |
6,646 |
-4469 |
| |
1.B.1 Compensation of employees |
286 |
564 |
-279 |
357 |
547 |
-190 |
| |
1.B.2 Investment income |
1811 |
6133 |
-4323 |
1820 |
6099 |
-4279 |
| |
1.B.2.1 Direct investment |
898 |
6060 |
-5162 |
729 |
6019 |
-5289 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
723 |
4,351 |
-3627 |
583 |
3,918 |
-3336 |
| |
1.B.2.1.2 Interest |
174 |
1709 |
-1535 |
147 |
2101 |
-1954 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
68 |
-68 |
– |
75 |
-75 |
| |
1.B.2.4 Reserve assets |
913 |
5 |
908 |
1091 |
6 |
1085 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
14,081 |
645 |
13436 |
14,329 |
723 |
13606 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
14,081 |
645 |
13,436 |
14,329 |
723 |
13,606 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
13,573 |
540 |
13,033 |
13,716 |
609 |
13,107 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
7,227 |
540 |
6,687 |
7,282 |
609 |
6,673 |
| |
1.C.1.2 Other current transfers |
508 |
105 |
403 |
613 |
115 |
499 |
2 |
Capital Account (2.1+2.2) |
343 |
206 |
137 |
131 |
155 |
-24 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
3 |
7 |
-5 |
24 |
2 |
22 |
| |
2.2 Capital transfers |
341 |
199 |
141 |
107 |
154 |
-47 |
| |
2.2.1 General government |
341 |
199 |
141 |
107 |
154 |
-47 |
| |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
| |
2.2.1.2 Other capital transfers |
341 |
199 |
141 |
107 |
154 |
-47 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
Oct-Dec 2010 (PR) |
Jan-Mar 2011 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
25 |
26 |
27 |
28 |
29 |
30 |
3 Financial Account (3.1 to 3.5) |
174365 |
164501 |
9864 |
117475 |
110338 |
7137 |
3.1 Direct Investment (3.1A+3.1B) |
9424 |
8231 |
1193 |
7534 |
6407 |
1127 |
3.1.A Direct Investment in India |
8340 |
2200 |
6141 |
6928 |
1419 |
5508 |
3.1.1 Equity and investment fund shares |
8237 |
1861 |
6377 |
6594 |
1341 |
5253 |
3.1.1.1 Equity other than reinvestment of earnings |
5253 |
1861 |
3392 |
3610 |
1341 |
2269 |
3.1.1.1.1 Direct investor in direct investment enterprises |
5253 |
1861 |
3392 |
3610 |
1341 |
2269 |
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 |
2985 |
– |
2985 |
2985 |
– |
2985 |
3.1.2 Debt instruments |
103 |
339 |
-236 |
333 |
78 |
255 |
3.1.2.1 Direct investor in direct investment enterprises |
103 |
339 |
-236 |
333 |
78 |
255 |
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 |
1084 |
6031 |
-4948 |
606 |
4987 |
-4381 |
3.1.1 Equity and investment fund shares |
1084 |
3608 |
-2524 |
606 |
2784 |
-2178 |
3.1.1.1 Equity other than reinvestment of earnings |
1084 |
3337 |
-2253 |
606 |
2513 |
-1907 |
3.1.1.1.1 Direct investor in direct investment enterprises |
1084 |
3337 |
-2253 |
606 |
2513 |
-1907 |
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 |
3.1.2 Debt instruments |
– |
2423 |
-2423 |
– |
2203 |
-2203 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
2423 |
-2423 |
– |
2203 |
-2203 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
101562 |
95496 |
6066 |
48624 |
48637 |
-13 |
3.2A Portfolio Investment in India |
1,01,423 |
94,265 |
7158 |
48,231 |
48,265 |
-34 |
3.2.1 Equity and investment fund shares |
84647 |
75469 |
9177 |
34492 |
36411 |
-1919 |
3.2.2 Debt securities |
16776 |
18795 |
-2019 |
13739 |
11854 |
1885 |
3.2.B Portfolio Investment by India |
139 |
1232 |
-1092 |
393 |
372 |
21 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
63379 |
56785 |
6594 |
61317 |
53263 |
8054 |
3.4.1 Other equity (ADRs/GDRs) |
233 |
|
233 |
210 |
|
210 |
3.4.2 Currency and deposits |
12652 |
12380 |
272 |
15375 |
13417 |
1958 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
87 |
– |
87 |
1613 |
545 |
1068 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
12566 |
12380 |
185 |
13763 |
12873 |
890 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
28733 |
19073 |
9659 |
18956 |
17987 |
970 |
3.4.3A Loans to India |
28144 |
18825 |
9319 |
18149 |
17470 |
679 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
20451 |
15822 |
4629 |
10108 |
12844 |
-2737 |
3.4.3.3 General government (External Assistance) |
1916 |
755 |
1160 |
1446 |
689 |
757 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
5778 |
2248 |
3530 |
6595 |
3937 |
2659 |
3.4.3B Loans by India |
589 |
248 |
341 |
807 |
517 |
290 |
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 |
3.4.3.4 Other sectors |
570 |
222 |
347 |
788 |
491 |
297 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
18337 |
16992 |
1345 |
22150 |
19442 |
2708 |
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 |
18337 |
16992 |
1345 |
22150 |
19442 |
2708 |
3.4.6 Other accounts receivable/payable—other |
3424 |
8340 |
-4915 |
4625 |
2417 |
2208 |
3.4.7 Special drawing rights |
|
|
– |
|
|
– |
3.5 Reserve assets |
– |
3989 |
-3989 |
– |
2031 |
-2031 |
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) |
– |
3989 |
-3989 |
– |
2031 |
-2031 |
3.5.4.1 Currency, deposits and securities |
– |
3989 |
-3989 |
– |
2031 |
-2031 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
174365 |
164501 |
9864 |
117475 |
110338 |
7137 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
94107 |
82169 |
11938 |
42086 |
40908 |
1178 |
3.0.2 Debt instruments |
76601 |
70003 |
6598 |
70554 |
64981 |
5573 |
3.0.3 Other financial assets and liabilities |
3657 |
12329 |
-8671 |
4835 |
4448 |
387 |
4 Net errors and omissions |
118 |
|
118 |
|
791 |
-791 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2011 (PR) |
July-September 2011 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
31 |
32 |
33 |
34 |
35 |
36 |
1 |
Current Account (1.A+1.B+1.C) |
125730 |
141563 |
-15833 |
130414 |
147306 |
-16892 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
107778 |
134063 |
-26286 |
110569 |
138986 |
-28418 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
74439 |
116144 |
-41705 |
76609 |
120529 |
-43921 |
| |
1.A.a.1 General merchandise on a BOP basis |
74317 |
100043 |
-25726 |
76592 |
107991 |
-31399 |
| |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
| |
1.A.a.2 Net exports of goods under merchanting |
122 |
|
122 |
17 |
|
17 |
| |
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 |
|
16102 |
-16102 |
|
12538 |
-12538 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
33339 |
17919 |
15420 |
33960 |
18457 |
15503 |
| |
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 |
4332 |
4019 |
314 |
4400 |
3651 |
749 |
| |
1.A.b.3.1 Sea transport |
1862 |
2570 |
-708 |
1619 |
2277 |
-658 |
| |
1.A.b.3.2 Air transport |
685 |
1194 |
-509 |
868 |
1029 |
-162 |
| |
1.A.b.3.3 Other modes of transport |
1782 |
238 |
1544 |
1910 |
318 |
1592 |
| |
1.A.b.3.4 Postal and courier services |
4 |
16 |
-13 |
4 |
27 |
-24 |
| |
1.A.b.4 Travel |
4,125 |
3,482 |
643 |
4,650 |
3,578 |
1072 |
| |
1.A.b.4.1 Business |
– |
1869 |
-1869 |
– |
1693 |
-1693 |
| |
1.A.b.4.2 Personal |
– |
1613 |
-1613 |
– |
1885 |
-1885 |
| |
1.A.b.4.2.1 Health-related |
– |
10 |
-10 |
– |
11 |
-11 |
| |
1.A.b.4.2.2 Education-related |
– |
330 |
-330 |
– |
631 |
-631 |
| |
1.A.b.4.2.3 Other |
– |
1273 |
-1273 |
– |
1242 |
-1242 |
| |
1.A.b.5 Construction |
253 |
207 |
46 |
128 |
315 |
-187 |
| |
1.A.b.5.1 Construction abroad |
253 |
120 |
133 |
128 |
173 |
-45 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
87 |
-87 |
– |
142 |
-142 |
| |
1.A.b.6 Insurance and pension services |
566 |
298 |
268 |
615 |
423 |
192 |
| |
1.A.b.6.1 Direct insurance |
530 |
84 |
446 |
567 |
162 |
405 |
| |
1.A.b.6.2 Reinsurance |
28 |
196 |
-168 |
30 |
226 |
-196 |
| |
1.A.b.6.3 Auxiliary insurance services |
7 |
18 |
-11 |
18 |
34 |
-17 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
1267 |
1764 |
-497 |
1577 |
2242 |
-665 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
1267 |
1764 |
-497 |
1577 |
2242 |
-665 |
| |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
| |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
40 |
606 |
-566 |
78 |
693 |
-615 |
| |
1.A.b.9 Telecommunications, computer, and information services |
15945 |
895 |
15050 |
15679 |
676 |
15003 |
| |
1.A.b.9.1 Telecommunications services |
356 |
399 |
-42 |
455 |
282 |
173 |
| |
1.A.b.9.2 Computer services |
15558 |
302 |
15256 |
15202 |
307 |
14895 |
| |
1.A.b.9.3 Information services |
30 |
194 |
-164 |
21 |
87 |
-65 |
| |
1.A.b.10 Other business services |
5023 |
6024 |
-1000 |
5092 |
6080 |
-989 |
| |
1.A.b.10.1 Research and development services |
159 |
48 |
111 |
187 |
26 |
161 |
| |
1.A.b.10.2 Professional and management consulting services |
2424 |
2572 |
-148 |
2316 |
2060 |
255 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
2440 |
3403 |
-964 |
2589 |
3994 |
-1405 |
| |
1.A.b.11 Personal, cultural, and recreational services |
88 |
80 |
8 |
105 |
79 |
26 |
| |
1.A.b.11.1 Audiovisual and related services |
33 |
27 |
7 |
25 |
22 |
2 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
54 |
53 |
2 |
80 |
56 |
23 |
| |
1.A.b.12 Government goods and services n.i.e. |
139 |
201 |
-63 |
147 |
179 |
-32 |
| |
1.A.b.13 Others n.i.e. |
1561 |
344 |
1217 |
1490 |
540 |
950 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
2,462 |
6,816 |
-4354 |
3,027 |
7,698 |
-4671 |
| |
1.B.1 Compensation of employees |
589 |
409 |
180 |
711 |
489 |
222 |
| |
1.B.2 Investment income |
1873 |
6407 |
-4534 |
2316 |
7209 |
-4893 |
| |
1.B.2.1 Direct investment |
1058 |
6344 |
-5285 |
1001 |
7152 |
-6151 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
695 |
3,990 |
-3295 |
699 |
4,882 |
-4183 |
| |
1.B.2.1.2 Interest |
364 |
2354 |
-1990 |
302 |
2270 |
-1968 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
56 |
-56 |
– |
53 |
-53 |
| |
1.B.2.4 Reserve assets |
815 |
7 |
807 |
1315 |
4 |
1311 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
15,491 |
685 |
14807 |
16,819 |
622 |
16196 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
15,491 |
712 |
14,779 |
16,819 |
622 |
16,196 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
14,875 |
588 |
14,287 |
16,227 |
530 |
15,697 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
7,372 |
588 |
6,784 |
8,064 |
530 |
7,534 |
| |
1.C.1.2 Other current transfers |
616 |
124 |
492 |
592 |
93 |
499 |
2 |
Capital Account (2.1+2.2) |
49 |
320 |
-271 |
407 |
163 |
244 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
2 |
174 |
-172 |
271 |
11 |
260 |
| |
2.2 Capital transfers |
46 |
146 |
-99 |
136 |
152 |
-16 |
| |
2.2.1 General government |
46 |
146 |
-99 |
136 |
152 |
-16 |
| |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
| |
2.2.1.2 Other capital transfers |
46 |
146 |
-99 |
136 |
152 |
-16 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Contd.) |
(US$ million) |
Item |
April-June 2011 (PR) |
July-September 2011 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
31 |
32 |
33 |
34 |
35 |
36 |
3 Financial Account (3.1 to 3.5) |
128380 |
111022 |
17358 |
115556 |
97660 |
17896 |
3.1 Direct Investment (3.1A+3.1B) |
18298 |
10367 |
7931 |
9781 |
5401 |
4381 |
3.1.A Direct Investment in India |
17894 |
4559 |
13335 |
9415 |
2137 |
7278 |
3.1.1 Equity and investment fund shares |
16426 |
4226 |
12200 |
8679 |
2015 |
6664 |
3.1.1.1 Equity other than reinvestment of earnings |
13696 |
4226 |
9470 |
5949 |
2015 |
3933 |
3.1.1.1.1 Direct investor in direct investment enterprises |
13696 |
4226 |
9470 |
5949 |
2015 |
3933 |
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 |
2730 |
– |
2730 |
2730 |
– |
2730 |
3.1.2 Debt instruments |
1468 |
333 |
1135 |
736 |
122 |
615 |
3.1.2.1 Direct investor in direct investment enterprises |
1468 |
333 |
1135 |
736 |
122 |
615 |
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 |
404 |
5808 |
-5404 |
366 |
3264 |
-2898 |
3.1.1 Equity and investment fund shares |
404 |
1675 |
-1271 |
366 |
1854 |
-1488 |
3.1.1.1 Equity other than reinvestment of earnings |
404 |
1404 |
-1000 |
366 |
1583 |
-1217 |
3.1.1.1.1 Direct investor in direct investment enterprises |
404 |
1404 |
-1000 |
366 |
1583 |
-1217 |
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 |
3.1.2 Debt instruments |
– |
4133 |
-4133 |
– |
1409 |
-1409 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
4133 |
-4133 |
– |
1409 |
-1409 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
48423 |
46160 |
2264 |
43022 |
44422 |
-1401 |
3.2A Portfolio Investment in India |
48,329 |
45,857 |
2472 |
42,564 |
44,152 |
-1589 |
3.2.1 Equity and investment fund shares |
33320 |
31652 |
1668 |
30286 |
32005 |
-1719 |
3.2.2 Debt securities |
15009 |
14205 |
804 |
12277 |
12147 |
130 |
3.2.B Portfolio Investment by India |
94 |
303 |
-208 |
458 |
270 |
188 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
61659 |
49052 |
12607 |
62753 |
47561 |
15192 |
3.4.1 Other equity (ADRs/GDRs) |
278 |
– |
278 |
205 |
|
205 |
3.4.2 Currency and deposits |
12520 |
11364 |
1155 |
15089 |
12328 |
2760 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
31 |
27 |
5 |
– |
26 |
-26 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
12488 |
11337 |
1151 |
15088 |
12302 |
2786 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
24468 |
8993 |
15476 |
17997 |
6747 |
11250 |
3.4.3A Loans to India |
24111 |
8650 |
15461 |
16861 |
6254 |
10607 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
16248 |
4739 |
11509 |
5056 |
1137 |
3919 |
3.4.3.3 General government (External Assistance) |
1219 |
831 |
388 |
1063 |
734 |
330 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
6644 |
3080 |
3564 |
10742 |
4383 |
6358 |
3.4.3B Loans by India |
357 |
343 |
14 |
1136 |
493 |
643 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
18 |
24 |
-6 |
18 |
24 |
-6 |
3.4.3.4 Other sectors |
339 |
319 |
21 |
1118 |
469 |
649 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
24165 |
21096 |
3069 |
26405 |
23534 |
2871 |
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 |
24165 |
21096 |
3069 |
26405 |
23534 |
2871 |
3.4.6 Other accounts receivable/payable—other |
228 |
7599 |
-7371 |
3058 |
4952 |
-1894 |
3.4.7 Special drawing rights |
|
|
|
|
|
|
3.5 Reserve assets |
– |
5442 |
-5442 |
– |
276 |
-276 |
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) |
– |
5442 |
-5442 |
– |
276 |
-276 |
3.5.4.1 Currency, deposits and securities |
– |
5442 |
-5442 |
– |
276 |
-276 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
128380 |
111022 |
17358 |
115556 |
97660 |
17896 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
50244 |
37855 |
12389 |
39789 |
36145 |
3644 |
3.0.2 Debt instruments |
77630 |
60125 |
17505 |
72503 |
56287 |
16217 |
3.0.3 Other financial assets and liabilities |
506 |
13042 |
-12535 |
3263 |
5229 |
-1965 |
4 Net errors and omissions |
|
1254 |
-1254 |
|
1248 |
-1248 |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Concld.) |
(US$ million) |
Item |
April-September 2011 (P) |
April-September 2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
37 |
38 |
39 |
40 |
41 |
42 |
1 |
Current Account (1.A+1.B+1.C) |
256144 |
288870 |
-32725 |
196818 |
226335 |
-29517 |
| |
1.A Goods and Services (1.A.a+1.A.b) |
218346 |
273049 |
-54703 |
164782 |
212144 |
-47362 |
| |
1.A.a Goods (1.A.a.1 to 1.A.a.3) |
151048 |
236674 |
-85626 |
107245 |
176213 |
-68968 |
| |
1.A.a.1 General merchandise on a BOP basis |
150909 |
208034 |
-57125 |
107331 |
161866 |
-54536 |
| |
1.A.a.1.1 Re-exports |
– |
– |
– |
– |
– |
– |
| |
1.A.a.2 Net exports of goods under merchanting |
139 |
– |
139 |
-86 |
– |
-86 |
| |
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 |
– |
28640 |
-28640 |
– |
14347 |
-14347 |
| |
1.A.b Services (1.A.b.1 to 1.A.b.13) |
67299 |
36375 |
30923 |
57537 |
35930 |
21606 |
| |
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 |
8732 |
7670 |
1062 |
6440 |
6701 |
-261 |
| |
1.A.b.3.1 Sea transport |
3480 |
4847 |
-1366 |
3014 |
3853 |
-838 |
| |
1.A.b.3.2 Air transport |
1552 |
2224 |
-671 |
1129 |
2297 |
-1168 |
| |
1.A.b.3.3 Other modes of transport |
3692 |
556 |
3136 |
2270 |
508 |
1762 |
| |
1.A.b.3.4 Postal and courier services |
7 |
44 |
-37 |
27 |
43 |
-16 |
| |
1.A.b.4 Travel |
8775 |
7060 |
1715 |
6328 |
5054 |
1274 |
| |
1.A.b.4.1 Business |
– |
3562 |
-3562 |
– |
1862 |
-1862 |
| |
1.A.b.4.2 Personal |
– |
3498 |
-3498 |
– |
3192 |
-3192 |
| |
1.A.b.4.2.1 Health-related |
– |
22 |
-22 |
– |
46 |
-46 |
| |
1.A.b.4.2.2 Education-related |
– |
961 |
-961 |
– |
989 |
-989 |
| |
1.A.b.4.2.3 Other |
– |
2515 |
-2515 |
– |
2156 |
-2156 |
| |
1.A.b.5 Construction |
381 |
522 |
-141 |
295 |
482 |
-186 |
| |
1.A.b.5.1 Construction abroad |
381 |
294 |
88 |
295 |
276 |
19 |
| |
1.A.b.5.2 Construction in the reporting economy |
– |
229 |
-229 |
– |
205 |
-205 |
| |
1.A.b.6 Insurance and pension services |
1181 |
721 |
460 |
851 |
696 |
155 |
| |
1.A.b.6.1 Direct insurance |
1097 |
246 |
851 |
778 |
320 |
458 |
| |
1.A.b.6.2 Reinsurance |
59 |
423 |
-364 |
58 |
340 |
-282 |
| |
1.A.b.6.3 Auxiliary insurance services |
25 |
52 |
-27 |
14 |
36 |
-21 |
| |
1.A.b.6.4 Pension and standardized guarantee services |
– |
– |
– |
– |
– |
– |
| |
1.A.b.7 Financial services |
2844 |
4006 |
-1162 |
3047 |
3310 |
-263 |
| |
1.A.b.7.1 Explicitly charged and other financial services |
2844 |
4006 |
-1162 |
3047 |
3310 |
-263 |
| |
1.A.b.7.2 Financial intermediation services indirectly measured |
– |
– |
– |
– |
– |
– |
| |
1.A.b.8 Charges for the use of intellectual property n.i.e. |
118 |
1299 |
-1181 |
61 |
1126 |
-1064 |
| |
1.A.b.9 Telecommunications, computer, and information services |
31623 |
1571 |
30053 |
25687 |
1768 |
23919 |
| |
1.A.b.9.1 Telecommunications services |
811 |
681 |
130 |
715 |
464 |
251 |
| |
1.A.b.9.2 Computer services |
30761 |
610 |
30151 |
24782 |
1160 |
23621 |
| |
1.A.b.9.3 Information services |
52 |
281 |
-229 |
190 |
144 |
47 |
| |
1.A.b.10 Other business services |
10115 |
12104 |
-1989 |
10221 |
12232 |
-2011 |
| |
1.A.b.10.1 Research and development services |
346 |
74 |
272 |
456 |
117 |
339 |
| |
1.A.b.10.2 Professional and management consulting services |
4740 |
4633 |
107 |
4510 |
5384 |
-874 |
| |
1.A.b.10.3 Technical, trade-related, and other business services |
5029 |
7398 |
-2369 |
5255 |
6731 |
-1476 |
| |
1.A.b.11 Personal, cultural, and recreational services |
192 |
159 |
34 |
106 |
176 |
-70 |
| |
1.A.b.11.1 Audiovisual and related services |
58 |
49 |
9 |
49 |
84 |
-35 |
| |
1.A.b.11.2 Other personal, cultural, and recreational services |
134 |
109 |
25 |
57 |
92 |
-36 |
| |
1.A.b.12 Government goods and services n.i.e. |
285 |
380 |
-95 |
219 |
348 |
-129 |
| |
1.A.b.13 Others n.i.e. |
3051 |
884 |
2167 |
4282 |
4039 |
243 |
| |
1.B Primary Income (1.B.1 to 1.B.3) |
5488 |
14514 |
-9025 |
4829 |
13067 |
-8238 |
| |
1.B.1 Compensation of employees |
1299 |
898 |
402 |
474 |
917 |
-443 |
| |
1.B.2 Investment income |
4189 |
13616 |
-9427 |
4355 |
12150 |
-7795 |
| |
1.B.2.1 Direct investment |
2059 |
13496 |
-11436 |
2197 |
11933 |
-9736 |
| |
1.B.2.1.1 Income on equity and investment fund shares |
1394 |
8872 |
-7478 |
743 |
8572 |
-7828 |
| |
1.B.2.1.2 Interest |
665 |
4624 |
-3958 |
1453 |
3361 |
-1908 |
| |
1.B.2.2 Portfolio investment |
– |
– |
– |
– |
– |
– |
| |
1.B.2.3 Other investment |
– |
109 |
-109 |
– |
209 |
-209 |
| |
1.B.2.4 Reserve assets |
2130 |
11 |
2118 |
2158 |
8 |
2150 |
| |
1.B.3 Other primary income |
– |
– |
– |
– |
– |
– |
| |
1.C Secondary Income (1.C.1+1.C.2) |
32310 |
1307 |
31003 |
27208 |
1125 |
26083 |
| |
1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs |
32310 |
1334 |
30976 |
27208 |
1125 |
26083 |
| |
1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) |
31102 |
1118 |
29984 |
26270 |
929 |
25341 |
| |
Of which: |
|
|
|
|
|
|
| |
1.C.1.1.1 Workers’ remittances |
15435 |
1118 |
14317 |
12899 |
929 |
11970 |
| |
1.C.1.2 Other current transfers |
1208 |
216 |
991 |
938 |
196 |
742 |
2 |
Capital Account (2.1+2.2) |
456 |
483 |
-27 |
211 |
283 |
-72 |
| |
2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets |
274 |
185 |
88 |
12 |
5 |
7 |
| |
2.2 Capital transfers |
183 |
298 |
-115 |
199 |
278 |
-79 |
| |
2.2.1 General government |
183 |
298 |
-115 |
199 |
278 |
-79 |
| |
2.2.1.1 Debt forgiveness |
– |
– |
– |
– |
– |
– |
| |
2.2.1.2 Other capital transfers |
183 |
298 |
-115 |
199 |
278 |
-79 |
| |
2.2.2 Financial corporations, nonfinancial corporations, households, and NPISHs |
– |
– |
– |
– |
– |
– |
Statement 1: Standard Presentation of BoP in India as per BPM6 (Concld.) |
(US$ million) |
Item |
April-September 2011 (P) |
April-September 2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
37 |
38 |
39 |
40 |
41 |
42 |
3 Financial Account (3.1 to 3.5) |
243936 |
208682 |
35254 |
207477 |
175565 |
31912 |
3.1 Direct Investment (3.1A+3.1B) |
28079 |
15768 |
12311 |
18506 |
11467 |
7040 |
3.1.A Direct Investment in India |
27309 |
6696 |
20613 |
17634 |
3399 |
14235 |
3.1.1 Equity and investment fund shares |
25105 |
6241 |
18863 |
17412 |
3312 |
14100 |
3.1.1.1 Equity other than reinvestment of earnings |
19645 |
6241 |
13403 |
11442 |
3312 |
8130 |
3.1.1.1.1 Direct investor in direct investment enterprises |
19645 |
6241 |
13403 |
11442 |
3312 |
8130 |
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 |
5460 |
– |
5460 |
5970 |
– |
5970 |
3.1.2 Debt instruments |
2204 |
455 |
1749 |
222 |
87 |
135 |
3.1.2.1 Direct investor in direct investment enterprises |
2204 |
455 |
1749 |
222 |
87 |
135 |
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 |
770 |
9072 |
-8301 |
872 |
8067 |
-7195 |
3.1.1 Equity and investment fund shares |
770 |
3529 |
-2759 |
872 |
5229 |
-4357 |
3.1.1.1 Equity other than reinvestment of earnings |
770 |
2987 |
-2217 |
872 |
4687 |
-3815 |
3.1.1.1.1 Direct investor in direct investment enterprises |
770 |
2987 |
-2217 |
872 |
4687 |
-3815 |
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 |
– |
542 |
-542 |
– |
542 |
-542 |
3.1.2 Debt instruments |
– |
5543 |
-5543 |
– |
2838 |
-2838 |
3.1.2.1 Direct investor in direct investment enterprises |
– |
5543 |
-5543 |
– |
2838 |
-2838 |
3.1.2.2 Direct investment enterprises in direct investor (reverse investment) |
– |
– |
– |
– |
– |
– |
3.1.2.3 Between fellow enterprises |
– |
– |
– |
– |
– |
– |
3.2 Portfolio Investment |
91445 |
90582 |
863 |
101716 |
79526 |
22190 |
3.2A Portfolio Investment in India |
90893 |
90009 |
883 |
101472 |
79174 |
22298 |
3.2.1 Equity and investment fund shares |
63606 |
63657 |
-51 |
68698 |
57029 |
11669 |
3.2.2 Debt securities |
27287 |
26352 |
934 |
32773 |
22145 |
10629 |
3.2.B Portfolio Investment by India |
552 |
573 |
-21 |
245 |
352 |
-107 |
3.3 Financial derivatives (other than reserves) and employee stock options |
– |
– |
– |
– |
– |
– |
3.4 Other investment |
124412 |
96613 |
27799 |
87254 |
77541 |
9713 |
3.4.1 Other equity (ADRs/GDRs) |
483 |
– |
483 |
1606 |
– |
1606 |
3.4.2 Currency and deposits |
27608 |
23693 |
3916 |
22926 |
21389 |
1537 |
3.4.2.1 Central bank (Rupee Debt Movements; NRG) |
32 |
53 |
-21 |
2 |
628 |
-626 |
3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) |
27577 |
23640 |
3937 |
22924 |
20761 |
2163 |
3.4.2.3 General government |
– |
– |
– |
– |
– |
– |
3.4.2.4 Other sectors |
– |
– |
– |
– |
– |
– |
3.4.3 Loans (External Assistance, ECBs and Banking Capital) |
42465 |
15739 |
26725 |
25675 |
17662 |
8012 |
3.4.3A Loans to India |
40972 |
14904 |
26068 |
25154 |
16813 |
8341 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
21303 |
5876 |
15428 |
10811 |
11508 |
-698 |
3.4.3.3 General government (External Assistance) |
2282 |
1564 |
718 |
4444 |
1395 |
3049 |
3.4.3.4 Other sectors (External Commercial Borrowings) |
17386 |
7464 |
9922 |
9899 |
3909 |
5990 |
3.4.3B Loans by India |
1493 |
836 |
657 |
521 |
850 |
-329 |
3.4.3.1 Central bank |
– |
– |
– |
– |
– |
– |
3.4.3.2 Deposit-taking corporations, except the central bank |
– |
– |
– |
– |
– |
– |
3.4.3.3 General government |
35 |
48 |
-13 |
38 |
51 |
-13 |
3.4.3.4 Other sectors |
1457 |
788 |
670 |
483 |
799 |
-316 |
3.4.4 Insurance, pension, and standardized guarantee schemes |
– |
– |
– |
– |
– |
– |
3.4.5 Trade credit and advances |
50569 |
44630 |
5940 |
35245 |
28307 |
6937 |
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 |
50569 |
44630 |
5940 |
35245 |
28307 |
6937 |
3.4.6 Other accounts receivable/payable—other |
3287 |
12552 |
-9265 |
1802 |
10182 |
-8380 |
3.4.7 Special drawing rights |
|
|
|
– |
– |
– |
3.5 Reserve assets |
– |
5719 |
-5719 |
– |
7030 |
-7030 |
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) |
– |
5719 |
-5719 |
– |
7030 |
-7030 |
3.5.4.1 Currency, deposits and securities |
– |
5719 |
-5719 |
– |
7030 |
-7030 |
3.5.4.2 Financial derivatives |
– |
– |
– |
– |
– |
– |
3.5.4.3 Other claims |
– |
– |
– |
– |
– |
– |
3 Total assets/liabilities |
243936 |
208682 |
35254 |
207477 |
175565 |
31912 |
Of which: (by instrument): |
|
|
|
|
|
|
3.0.1 Equity and investment fund shares |
90033 |
74000 |
16033 |
87227 |
65923 |
21304 |
3.0.2 Debt instruments |
150133 |
116411 |
33722 |
116842 |
92429 |
24413 |
3.0.3 Other financial assets and liabilities |
3770 |
18270 |
-14501 |
3408 |
17213 |
-13804 |
4 Net errors and omissions |
|
2501 |
-2501 |
|
2323 |
-2323 |
Note: The comparable figures in new and old formats may not entirely agree due to rounding off. Total of subcomponents may not tally with aggregate due to rounding off.
P: Preliminary. PR: Partially Revised. R: Revised. |
Annex 1: India’s Overall Balance of Payments |
(US$ million) |
Item |
2007-08 (R) |
2008-09 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
1 |
2 |
3 |
4 |
5 |
6 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
| |
I. MERCHANDISE |
1,66,162 |
2,57,629 |
-91,467 |
1,89,001 |
3,08,520 |
-1,19,519 |
| |
II. INVISIBLES (a+b+c) |
1,48,875 |
73,144 |
75,731 |
1,67,819 |
76,214 |
91,604 |
| |
a) Services |
90,342 |
51,490 |
38,853 |
1,05,963 |
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 |
81,947 |
27,879 |
54,069 |
| |
of which |
|
|
|
|
|
|
| |
Software Services |
40,300 |
3,358 |
36,942 |
46,300 |
2,564 |
43,736 |
| |
Business Services |
16,772 |
16,553 |
219 |
18,602 |
15,318 |
3,285 |
| |
Financial Services |
3,217 |
3,133 |
84 |
4,428 |
2,958 |
1,469 |
| |
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 |
21,419 |
-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) |
3,15,037 |
3,30,774 |
-15,737 |
3,56,820 |
3,84,735 |
-27,914 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
| |
1. Foreign Investment (a+b) |
2,71,122 |
2,27,796 |
43,326 |
1,71,660 |
1,63,318 |
8,342 |
| |
a) Foreign Direct Investment (i+ii) |
37,321 |
21,429 |
15,893 |
43,006 |
20,634 |
22,372 |
| |
i) In India |
34,844 |
116 |
34,728 |
41,903 |
166 |
41,738 |
| |
Equity |
26,865 |
108 |
26,757 |
32,096 |
166 |
31,930 |
| |
Reinvested Earnings |
7,679 |
– |
7,679 |
9,030 |
– |
9,030 |
| |
Other Capital |
300 |
8 |
292 |
777 |
– |
777 |
| |
ii) Abroad |
2,477 |
21,312 |
-18,835 |
1,103 |
20,468 |
-19,365 |
| |
Equity |
2,477 |
16,899 |
-14,422 |
1,103 |
13,283 |
-12,181 |
| |
Reinvested Earnings |
– |
1,084 |
-1,084 |
– |
1,084 |
-1,084 |
| |
Other Capital |
– |
3,330 |
-3,330 |
– |
6,100 |
-6,100 |
| |
b) Portfolio Investment |
2,33,800 |
2,06,367 |
27,433 |
1,28,654 |
1,42,685 |
-14,030 |
| |
i) In India |
2,33,564 |
2,06,294 |
27,270 |
1,28,512 |
1,42,365 |
-13,853 |
| |
of which |
|
|
|
|
|
|
| |
FIIs |
2,26,621 |
2,06,294 |
20,327 |
1,27,349 |
1,49,366 |
-15,017 |
| |
ADR/GDRs |
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 |
62,217 |
53,902 |
8,314 |
| |
a) External Assistance |
4,241 |
2,126 |
2,114 |
5,230 |
2,792 |
2,439 |
| |
i) By India |
23 |
28 |
-4 |
71 |
417 |
-347 |
| |
ii) To India |
4,217 |
2,098 |
2,119 |
5,159 |
2,374 |
2,785 |
| |
b) Commercial Borrowings |
30,293 |
7,684 |
22,609 |
15,222 |
7,361 |
7,861 |
| |
i) By India |
1,593 |
1,624 |
-31 |
1,997 |
783 |
1,214 |
| |
ii) To India |
28,700 |
6,060 |
22,640 |
13,225 |
6,578 |
6,647 |
| |
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 |
-3,245 |
| |
a) Commercial Banks |
55,735 |
43,623 |
12,112 |
65,094 |
67,868 |
-2,774 |
| |
i) Assets |
19,562 |
12,668 |
6,894 |
25,823 |
28,725 |
-2,902 |
| |
ii) Liabilities |
36,173 |
30,955 |
5,217 |
39,270 |
39,142 |
128 |
| |
of which: Non-Resident Deposits |
29,400 |
29,222 |
179 |
37,147 |
32,858 |
4,290 |
| |
b) Others |
79 |
432 |
-353 |
114 |
585 |
-471 |
| |
4. Rupee Debt Service |
– |
122 |
-122 |
– |
100 |
-100 |
| |
5. Other Capital |
29,229 |
18,261 |
10,969 |
16,685 |
22,602 |
-5,916 |
| |
Total Capital Account (1 to 5) |
4,38,357 |
3,31,772 |
1,06,585 |
3,15,770 |
3,08,375 |
7,395 |
C. |
Errors & Omissions |
1,316 |
– |
1,316 |
440 |
– |
440 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
7,54,710 |
6,62,546 |
92,164 |
6,73,030 |
6,93,109 |
-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 |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
2009-10 (R) |
2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
7 |
8 |
9 |
10 |
11 |
12 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
| |
I. MERCHANDISE |
1,82,442 |
3,00,644 |
-1,18,203 |
2,50,468 |
3,81,061 |
-1,30,593 |
| |
II. INVISIBLES (a+b+c) |
1,63,430 |
83,408 |
80,022 |
1,98,248 |
1,13,600 |
84,647 |
| |
a) Services |
96,045 |
60,029 |
36,016 |
1,32,880 |
84,064 |
48,816 |
| |
i) Travel |
11,859 |
9,343 |
2,517 |
15,275 |
11,108 |
4,167 |
| |
ii) Transportation |
11,178 |
11,933 |
-756 |
14,271 |
13,880 |
391 |
| |
iii) Insurance |
1,591 |
1,285 |
306 |
1,948 |
1,400 |
549 |
| |
iv) G.n.i.e. |
441 |
525 |
-84 |
535 |
820 |
-285 |
| |
v) Miscellaneous |
70,977 |
36,944 |
34,033 |
1,00,851 |
56,856 |
43,995 |
| |
of which |
|
|
|
|
|
|
| |
Software Services |
49,705 |
1,468 |
48,237 |
55,460 |
2,194 |
53,265 |
| |
Business Services |
11,321 |
18,049 |
-6,728 |
24,050 |
27,765 |
-3,715 |
| |
Financial Services |
3,693 |
4,642 |
-950 |
6,508 |
7,483 |
-975 |
| |
Communication Services |
1,228 |
1,355 |
-127 |
1,562 |
1,152 |
410 |
| |
b) Transfers |
54,363 |
2,318 |
52,045 |
56,265 |
3,125 |
53,140 |
| |
i) Official |
727 |
473 |
254 |
647 |
631 |
16 |
| |
ii) Private |
53,636 |
1,845 |
51,791 |
55,618 |
2,494 |
53,125 |
| |
c) Income |
13,022 |
21,061 |
-8,038 |
9,102 |
26,412 |
-17,309 |
| |
i) Investment Income |
12,108 |
19,355 |
-7,248 |
7,986 |
24,384 |
-16,398 |
| |
ii) Compensation of Employees |
915 |
1,705 |
-791 |
1,116 |
2,028 |
-912 |
| |
Total Current Account (I+II) |
3,45,872 |
3,84,052 |
-38,181 |
4,48,716 |
4,94,661 |
-45,945 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
| |
1. Foreign Investment (a+b) |
1,98,653 |
1,48,291 |
50,362 |
2,89,416 |
2,49,763 |
39,652 |
| |
a) Foreign Direct Investment (i+ii) |
38,484 |
20,518 |
17,966 |
35,464 |
26,104 |
9,360 |
| |
i) In India |
37,746 |
4,637 |
33,109 |
32,902 |
7,018 |
25,884 |
| |
Equity |
27,146 |
4,241 |
22,905 |
20,304 |
6,514 |
13,791 |
| |
Reinvested Earnings |
8,669 |
– |
8,669 |
11,939 |
– |
11,939 |
| |
Other Capital |
1,931 |
396 |
1,535 |
658 |
504 |
154 |
| |
ii) Abroad |
738 |
15,881 |
-15,143 |
2,562 |
19,086 |
-16,524 |
| |
Equity |
738 |
10,609 |
-9,871 |
2,562 |
10,537 |
-7,975 |
| |
Reinvested Earnings |
– |
1,084 |
-1,084 |
– |
1,084 |
-1,084 |
| |
Other Capital |
– |
4,188 |
-4,188 |
– |
7,465 |
-7,465 |
| |
b) Portfolio Investment |
1,60,169 |
1,27,773 |
32,396 |
2,53,952 |
2,23,660 |
30,293 |
| |
i) In India |
1,59,897 |
1,27,521 |
32,376 |
2,53,175 |
2,21,704 |
31,471 |
| |
of which |
|
|
|
|
|
|
| |
FIIs |
1,56,570 |
1,27,521 |
29,049 |
2,51,125 |
2,21,704 |
29,422 |
| |
ADR/GDRs |
3,328 |
– |
3,328 |
2,049 |
– |
2,049 |
| |
ii) Abroad |
272 |
252 |
20 |
777 |
1,956 |
-1,179 |
| |
2. Loans (a+b+c) |
74,163 |
61,716 |
12,447 |
1,07,726 |
79,289 |
28,437 |
| |
a) External Assistance |
5,897 |
3,007 |
2,890 |
7,882 |
2,941 |
4,941 |
| |
i) By India |
51 |
422 |
-371 |
76 |
102 |
-26 |
| |
ii) To India |
5,846 |
2,585 |
3,261 |
7,806 |
2,840 |
4,967 |
| |
b) Commercial Borrowings |
15,003 |
13,003 |
2,000 |
24,113 |
11,606 |
12,506 |
| |
i) By India |
973 |
1,505 |
-531 |
1,840 |
1,513 |
328 |
| |
ii) To India |
14,029 |
11,498 |
2,531 |
22,272 |
10,094 |
12,179 |
| |
c) Short Term to India |
53,264 |
45,706 |
7,558 |
75,732 |
64,742 |
10,990 |
| |
i) Suppliers’ Credit > 180 days & Buyers’ Credit |
48,571 |
43,914 |
4,657 |
72,086 |
64,742 |
7,344 |
| |
ii) Suppliers’ Credit up to 180 days |
4,693 |
1,792 |
2,901 |
3,646 |
– |
3,646 |
| |
3. Banking Capital (a+b) |
61,499 |
59,416 |
2,083 |
92,323 |
87,361 |
4,962 |
| |
a) Commercial Banks |
60,893 |
58,966 |
1,927 |
90,621 |
86,189 |
4,433 |
| |
i) Assets |
17,097 |
15,259 |
1,838 |
35,369 |
38,666 |
-3,297 |
| |
ii) Liabilities |
43,796 |
43,707 |
88 |
55,252 |
47,523 |
7,730 |
| |
of which: Non-Resident Deposits |
41,355 |
38,433 |
2,922 |
49,252 |
46,014 |
3,238 |
| |
b) Others |
606 |
449 |
157 |
1,702 |
1,172 |
529 |
| |
4. Rupee Debt Service |
– |
97 |
-97 |
– |
68 |
-68 |
| |
5. Other Capital |
11,451 |
24,613 |
-13,162 |
9,890 |
20,885 |
-10,994 |
| |
Total Capital Account (1 to 5) |
3,45,766 |
2,94,132 |
51,634 |
4,99,355 |
4,37,366 |
61,989 |
C. |
Errors & Omissions |
– |
12 |
-12 |
– |
2,993 |
-2,993 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
6,91,638 |
6,78,197 |
13,441 |
9,48,071 |
9,35,021 |
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.) |
(US$ million) |
Item |
Apr-Jun 2008 (R) |
Jul-Sep 2008 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
13 |
14 |
15 |
16 |
17 |
18 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
57,454 |
82,655 |
-25,200 |
53,630 |
92,752 |
-39,121 |
II. INVISIBLES (a+b+c) |
39,985 |
18,186 |
21,799 |
46,919 |
20,062 |
26,857 |
a) Services |
23,616 |
12,344 |
11,271 |
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 |
11,501 |
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 |
869 |
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 |
1,00,841 |
-3,401 |
1,00,549 |
1,12,814 |
-12,264 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
53,674 |
48,936 |
4,737 |
52,550 |
47,702 |
4,848 |
a) Foreign Direct Investment (i+ii) |
12,906 |
3,962 |
8,944 |
9,920 |
3,761 |
6,159 |
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 |
3,940 |
-3,705 |
316 |
3,709 |
-3,393 |
Equity |
236 |
2,519 |
-2,283 |
316 |
2,775 |
-2,460 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
1,151 |
-1,151 |
– |
662 |
-662 |
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 |
ADR/GDRs |
999 |
– |
999 |
136 |
– |
136 |
ii) Abroad |
22 |
52 |
-29 |
13 |
22 |
-10 |
2. Loans (a+b+c) |
15,900 |
9,705 |
6,195 |
16,305 |
13,739 |
2,566 |
a) External Assistance |
940 |
656 |
284 |
1,122 |
673 |
449 |
i) By India |
18 |
104 |
-87 |
18 |
104 |
-87 |
ii) To India |
923 |
551 |
371 |
1,104 |
569 |
535 |
b) Commercial Borrowings |
2,754 |
1,271 |
1,483 |
3,574 |
1,859 |
1,715 |
i) By India |
403 |
190 |
213 |
532 |
138 |
393 |
ii) To India |
2,351 |
1,080 |
1,270 |
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 to 180 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 |
4,644 |
13,015 |
-8,371 |
4,776 |
7,682 |
-2,906 |
Total Capital Account (1 to 5) |
96,206 |
90,978 |
5,228 |
89,992 |
83,212 |
6,780 |
C. Errors & Omissions |
408 |
– |
408 |
750 |
– |
750 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
1,94,053 |
1,91,818 |
2,235 |
1,91,291 |
196025 |
-4,734 |
E. Monetary Movements (i+ii) |
– |
2235 |
-2235 |
4734 |
– |
4734 |
i) I.M.F. |
– |
– |
– |
– |
– |
– |
ii) Foreign Exchange Reserves (Increase - / Decrease +) |
– |
2235 |
-2235 |
4734 |
– |
4734 |
of which: SDR allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
Oct-Dec 2008 (R) |
Jan-Mar 2009 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
19 |
20 |
21 |
22 |
23 |
24 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
39,436 |
74,428 |
-34,994 |
38,481 |
58,686 |
-20,205 |
II. INVISIBLES (a+b+c) |
42,416 |
19,294 |
23,123 |
38,498 |
18,673 |
19,826 |
a) Services |
28,228 |
13,099 |
15,129 |
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 |
417 |
iii) Insurance |
347 |
268 |
80 |
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 |
11,804 |
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 |
-362 |
Financial Services |
1,112 |
740 |
372 |
1,028 |
633 |
395 |
Communication Services |
547 |
257 |
291 |
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) |
81,852 |
93,722 |
-11,871 |
76,979 |
77,359 |
-380 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
37,774 |
40,654 |
-2,879 |
27,662 |
26,026 |
1,636 |
a) Foreign Direct Investment (i+ii) |
11,177 |
8,236 |
2,941 |
9,003 |
4,675 |
4,328 |
i) In India |
10,966 |
29 |
10,937 |
8,662 |
63 |
8,599 |
Equity |
8,182 |
29 |
8,153 |
6,352 |
63 |
6,289 |
Reinvested Earnings |
2,258 |
– |
2,258 |
2,258 |
– |
2,258 |
Other Capital |
526 |
– |
526 |
52 |
– |
52 |
ii) Abroad |
210 |
8,207 |
-7,996 |
341 |
4,612 |
-4,271 |
Equity |
210 |
4,217 |
-4,007 |
341 |
3,772 |
-3,432 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
3,719 |
-3,719 |
– |
569 |
-569 |
b) Portfolio Investment |
26,598 |
32,418 |
-5,820 |
18,658 |
21,350 |
-2,692 |
i) In India |
26,568 |
32,355 |
-5,786 |
18,580 |
21,169 |
-2,588 |
of which |
|
|
|
|
|
|
FIIs |
26,561 |
32,355 |
-5,794 |
18,560 |
21,169 |
-2,609 |
ADR/GDRs |
7 |
– |
7 |
20 |
– |
20 |
ii) Abroad |
29 |
63 |
-34 |
78 |
182 |
-104 |
2. Loans (a+b+c) |
15,802 |
15,419 |
383 |
14,210 |
15,039 |
-829 |
a) External Assistance |
1,692 |
759 |
933 |
1,477 |
704 |
773 |
i) By India |
18 |
104 |
-87 |
18 |
104 |
-87 |
ii) To India |
1,674 |
655 |
1,019 |
1,459 |
600 |
859 |
b) Commercial Borrowings |
5,395 |
1,724 |
3,671 |
3,499 |
2,508 |
991 |
i) By India |
662 |
148 |
514 |
399 |
306 |
93 |
ii) To India |
4,733 |
1,576 |
3,157 |
3,100 |
2,201 |
898 |
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 |
3,150 |
693 |
2,458 |
4,114 |
1,212 |
2,903 |
Total Capital Account (1 to 5) |
71,557 |
76,551 |
-4,995 |
58,016 |
57,634 |
382 |
C. Errors & Omissions |
– |
1,016 |
-1,016 |
298 |
– |
298 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
1,53,408 |
1,71,289 |
-17,881 |
1,35,293 |
1,34,993 |
300 |
E. Monetary Movements (i+ii) |
17881 |
– |
17881 |
– |
300 |
-300 |
i) I.M.F. |
– |
– |
– |
– |
– |
– |
ii) Foreign Exchange Reserves (Increase - / Decrease +) |
17881 |
– |
17881 |
– |
300 |
-300 |
of which: SDR allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
Apr-June 2009 (R) |
July-Sept 2009 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
25 |
26 |
27 |
28 |
29 |
30 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
39,166 |
65,447 |
-26,280 |
43,403 |
72,994 |
-29,592 |
II. INVISIBLES (a+b+c) |
38,710 |
16,582 |
22,128 |
40,488 |
20,092 |
20,396 |
a) Services |
22,414 |
10,954 |
11,460 |
21,352 |
13,704 |
7,648 |
i) Travel |
2,297 |
2,035 |
262 |
2,719 |
2,357 |
362 |
ii) Transportation |
2,501 |
2,777 |
-276 |
2,570 |
2,221 |
350 |
iii) Insurance |
388 |
314 |
74 |
384 |
341 |
44 |
iv) G.n.i.e. |
100 |
103 |
-3 |
100 |
130 |
-29 |
v) Miscellaneous |
17,127 |
5,725 |
11,403 |
15,578 |
8,656 |
6,922 |
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 |
-2,109 |
Financial Services |
1,116 |
835 |
282 |
732 |
1,135 |
-403 |
Communication Services |
418 |
278 |
140 |
307 |
313 |
-6 |
b) Transfers |
13,345 |
469 |
12,876 |
14,386 |
569 |
13,817 |
i) Official |
47 |
110 |
-63 |
169 |
108 |
60 |
ii) Private |
13,298 |
360 |
12,939 |
14,217 |
460 |
13,757 |
c) Income |
2,951 |
5,159 |
-2,208 |
4,750 |
5,819 |
-1,069 |
i) Investment Income |
2,723 |
4,808 |
-2,085 |
4,544 |
5,477 |
-933 |
ii) Compensation of Employees |
227 |
351 |
-124 |
205 |
342 |
-137 |
Total Current Account (I+II) |
77,876 |
82,028 |
-4,152 |
83,890 |
93,086 |
-9,196 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
48,575 |
35,337 |
13,239 |
55,911 |
38,808 |
17,103 |
a) Foreign Direct Investment (i+ii) |
9,950 |
4,980 |
4,970 |
11,551 |
4,126 |
7,425 |
i) In India |
9,825 |
926 |
8,900 |
11,455 |
632 |
10,824 |
Equity |
7,290 |
900 |
6,390 |
8,547 |
597 |
7,950 |
Reinvested Earnings |
2,167 |
– |
2,167 |
2,167 |
– |
2,167 |
Other Capital |
368 |
26 |
342 |
741 |
35 |
707 |
ii) Abroad |
125 |
4,054 |
-3,929 |
95 |
3,494 |
-3,399 |
Equity |
125 |
2,837 |
-2,713 |
95 |
2,131 |
-2,035 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
946 |
-946 |
– |
1,092 |
-1,092 |
b) Portfolio Investment |
38,625 |
30,357 |
8,268 |
44,360 |
34,683 |
9,678 |
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 |
ADR/GDRs |
43 |
– |
43 |
2,664 |
– |
2,664 |
ii) Abroad |
23 |
25 |
-2 |
4 |
28 |
-24 |
2. Loans (a+b+c) |
13,111 |
14,528 |
-1,417 |
16,688 |
13,530 |
3,158 |
a) External Assistance |
1,014 |
729 |
285 |
1,477 |
741 |
736 |
i) By India |
13 |
105 |
-93 |
13 |
105 |
-93 |
ii) To India |
1,001 |
623 |
378 |
1,464 |
635 |
829 |
b) Commercial Borrowings |
1,972 |
2,418 |
-446 |
3,283 |
2,068 |
1,215 |
i) By India |
244 |
333 |
-89 |
206 |
215 |
-9 |
ii) To India |
1,728 |
2,085 |
-357 |
3,077 |
1,853 |
1,224 |
c) Short Term to India |
10,126 |
11,382 |
-1,256 |
11,928 |
10,721 |
1,206 |
i) Suppliers’ Credit > 180 days & Buyers’ Credit |
10,126 |
9,590 |
536 |
10,994 |
10,721 |
272 |
ii) Suppliers’ Credit up to 180 days |
– |
1,792 |
-1,792 |
934 |
– |
934 |
3. Banking Capital (a+b) |
15,577 |
18,942 |
-3,365 |
16,544 |
12,132 |
4,411 |
a) Commercial Banks |
15,577 |
18,704 |
-3,127 |
16,544 |
11,989 |
4,555 |
i) Assets |
4,368 |
6,946 |
-2,578 |
6,131 |
1,730 |
4,402 |
ii) Liabilities |
11,209 |
11,758 |
-549 |
10,412 |
10,259 |
153 |
of which: Non-Resident Deposits |
11,172 |
9,354 |
1,817 |
10,342 |
9,295 |
1,047 |
b) Others |
– |
238 |
-238 |
– |
143 |
-143 |
4. Rupee Debt Service |
– |
23 |
-23 |
– |
1 |
-1 |
5. Other Capital |
545 |
5,169 |
-4,625 |
6,899 |
12,315 |
-5,416 |
Total Capital Account (1 to 5) |
77,808 |
73,999 |
3,809 |
96,041 |
76,786 |
19,255 |
C. Errors & Omissions |
458 |
– |
458 |
– |
641 |
-641 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
1,56,143 |
1,56,028 |
115 |
1,79,931 |
1,70,513 |
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 |
– |
– |
– |
– |
5160 |
-5160 |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
Oct-Dec 2009 (R) |
Jan- Mar 2010 (R) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
31 |
32 |
33 |
34 |
35 |
36 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
47,170 |
78,100 |
-30,929 |
52,702 |
84,104 |
-31,401 |
II. INVISIBLES (a+b+c) |
40,495 |
21,749 |
18,745 |
43,738 |
24,985 |
18,753 |
a) Services |
24,443 |
15,994 |
8,450 |
27,835 |
19,378 |
8,457 |
i) Travel |
3,440 |
2,312 |
1,127 |
3,403 |
2,638 |
766 |
ii) Transportation |
2,992 |
3,366 |
-375 |
3,115 |
3,570 |
-455 |
iii) Insurance |
395 |
305 |
90 |
423 |
326 |
97 |
iv) G.n.i.e. |
124 |
134 |
-9 |
116 |
159 |
-42 |
v) Miscellaneous |
17,493 |
9,876 |
7,617 |
20,778 |
12,686 |
8,092 |
of which |
|
|
|
|
|
|
Software Services |
13,197 |
333 |
12,865 |
14,297 |
307 |
13,990 |
Business Services |
2,413 |
4,571 |
-2,158 |
3,818 |
5,571 |
-1,753 |
Financial Services |
741 |
1,156 |
-415 |
1,103 |
1,517 |
-414 |
Communication Services |
259 |
381 |
-122 |
245 |
383 |
-139 |
b) Transfers |
13,416 |
638 |
12,777 |
13,217 |
642 |
12,575 |
i) Official |
385 |
113 |
271 |
127 |
142 |
-15 |
ii) Private |
13,031 |
525 |
12,506 |
13,090 |
500 |
12,590 |
c) Income |
2,636 |
5,118 |
-2,482 |
2,686 |
4,965 |
-2,279 |
i) Investment Income |
2,385 |
4,597 |
-2,212 |
2,455 |
4,473 |
-2,018 |
ii) Compensation of Employees |
251 |
520 |
-269 |
231 |
492 |
-261 |
Total Current Account (I+II) |
87,665 |
99,849 |
-12,184 |
96,441 |
1,09,089 |
-12,648 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
44,703 |
36,226 |
8,476 |
49,464 |
37,919 |
11,545 |
a) Foreign Direct Investment (i+ii) |
8,922 |
6,131 |
2,791 |
8,061 |
5,281 |
2,780 |
i) In India |
8,728 |
1,469 |
7,260 |
7,737 |
1,611 |
6,126 |
Equity |
5,956 |
1,233 |
4,724 |
5,353 |
1,512 |
3,841 |
Reinvested Earnings |
2,167 |
– |
2,167 |
2,167 |
– |
2,167 |
Other Capital |
605 |
236 |
369 |
217 |
99 |
118 |
ii) Abroad |
194 |
4,663 |
-4,469 |
324 |
3,671 |
-3,346 |
Equity |
194 |
3,640 |
-3,446 |
324 |
2,001 |
-1,677 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
752 |
-752 |
– |
1,398 |
-1,398 |
b) Portfolio Investment |
35,781 |
30,095 |
5,685 |
41,403 |
32,638 |
8,765 |
i) In India |
35,770 |
30,041 |
5,729 |
41,169 |
32,493 |
8,675 |
of which |
|
|
|
|
|
|
FIIs |
35,295 |
30,041 |
5,254 |
41,023 |
32,493 |
8,529 |
ADR/GDRs |
475 |
– |
475 |
146 |
– |
146 |
ii) Abroad |
11 |
55 |
-44 |
234 |
144 |
89 |
2. Loans (a+b+c) |
20,061 |
14,369 |
5,692 |
24,303 |
19,289 |
5,014 |
a) External Assistance |
1,646 |
803 |
843 |
1,760 |
735 |
1,025 |
i) By India |
13 |
105 |
-93 |
13 |
105 |
-93 |
ii) To India |
1,633 |
697 |
936 |
1,748 |
630 |
1,118 |
b) Commercial Borrowings |
4,508 |
2,812 |
1,696 |
5,240 |
5,705 |
-465 |
i) By India |
227 |
570 |
-343 |
297 |
387 |
-90 |
ii) To India |
4,281 |
2,242 |
2,039 |
4,943 |
5,318 |
-375 |
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 |
1,939 |
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 |
-1,179 |
ii) Liabilities |
11,511 |
11,291 |
220 |
10,664 |
10,399 |
265 |
of which: Non-Resident Deposits |
10,177 |
9,568 |
608 |
9,665 |
10,215 |
-551 |
b) Others |
594 |
67 |
526 |
12 |
– |
12 |
4. Rupee Debt Service |
– |
– |
– |
– |
73 |
-73 |
5. Other Capital |
1,602 |
3,338 |
-1,736 |
2,405 |
3,791 |
-1,385 |
Total Capital Account (1 to 5) |
81,538 |
67,166 |
14,372 |
90,379 |
76,181 |
14,198 |
C. Errors & Omissions |
– |
421 |
-421 |
591 |
– |
591 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
1,69,203 |
1,67,435 |
1,767 |
1,87,411 |
1,85,270 |
2,141 |
E. Monetary Movements (i+ii) |
– |
1,767 |
-1,767 |
– |
2,141 |
-2,141 |
i) I.M.F. |
– |
– |
– |
– |
– |
– |
ii) Foreign Exchange Reserves (Increase - / Decrease +) |
– |
1,767 |
-1,767 |
– |
2,141 |
-2,141 |
of which: SDR allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
Apr-June 2010 (PR) |
July-Sept 2010 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
37 |
38 |
39 |
40 |
41 |
42 |
A. |
CURRENT ACCOUNT |
|
|
|
|
|
|
| |
I. MERCHANDISE |
55,301 |
87,209 |
-31,907 |
52,029 |
89,005 |
-36,975 |
| |
II. INVISIBLES (a+b+c) |
43,260 |
24,051 |
19,209 |
47,051 |
26,977 |
20,074 |
| |
a) Services |
26,650 |
17,014 |
9,636 |
31,425 |
19,543 |
11,881 |
| |
i) Travel |
2,949 |
2,307 |
642 |
3,379 |
2,747 |
632 |
| |
ii) Transportation |
3,143 |
3,134 |
9 |
3,270 |
3,524 |
-254 |
| |
iii) Insurance |
410 |
310 |
100 |
441 |
386 |
55 |
| |
iv) G.n.i.e. |
94 |
143 |
-49 |
125 |
205 |
-80 |
| |
v) Miscellaneous |
20,054 |
11,120 |
8,934 |
24,210 |
12,682 |
11,528 |
| |
of which |
|
|
|
|
|
|
| |
Software Services |
12,327 |
575 |
11,752 |
12,455 |
585 |
11,869 |
| |
Business Services |
4,819 |
5,892 |
-1,073 |
5,942 |
6,966 |
-1,024 |
| |
Financial Services |
1,228 |
1,404 |
-176 |
1,819 |
1,905 |
-87 |
| |
Communication Services |
325 |
241 |
83 |
417 |
266 |
152 |
| |
b) Transfers |
13,754 |
727 |
13,027 |
13,653 |
677 |
12,976 |
| |
i) Official |
59 |
141 |
-83 |
141 |
137 |
4 |
| |
ii) Private |
13,695 |
585 |
13,110 |
13,513 |
540 |
12,973 |
| |
c) Income |
2,855 |
6,310 |
-3,455 |
1,973 |
6,756 |
-4,783 |
| |
i) Investment Income |
2,628 |
5,828 |
-3,199 |
1,726 |
6,322 |
-4,596 |
| |
ii) Compensation of Employees |
227 |
482 |
-255 |
247 |
434 |
-188 |
| |
Total Current Account (I+II) |
98,561 |
1,11,260 |
-12,698 |
99,080 |
1,15,981 |
-16,901 |
B. |
CAPITAL ACCOUNT |
|
|
|
|
|
|
| |
1. Foreign Investment (a+b) |
53,410 |
45,331 |
8,079 |
68,418 |
45,662 |
22,756 |
| |
a) Foreign Direct Investment (i+ii) |
9,344 |
5,870 |
3,474 |
9,162 |
5,596 |
3,565 |
| |
i) In India |
9,050 |
2,302 |
6,748 |
8,584 |
1,097 |
7,487 |
| |
Equity |
5,991 |
2,278 |
3,713 |
5,452 |
1,034 |
4,418 |
| |
Reinvested Earnings |
2,985 |
– |
2,985 |
2,985 |
– |
2,985 |
| |
Other Capital |
75 |
24 |
50 |
148 |
63 |
85 |
| |
ii) Abroad |
294 |
3,568 |
-3,274 |
578 |
4,499 |
-3,922 |
| |
Equity |
294 |
2,138 |
-1,844 |
578 |
2,549 |
-1,971 |
| |
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 |
59,256 |
40,065 |
19,191 |
| |
i) In India |
43,972 |
39,320 |
4,652 |
59,106 |
39,854 |
19,251 |
| |
of which |
|
|
|
|
|
|
| |
FIIs |
42,858 |
39,320 |
3,538 |
58,614 |
39,854 |
18,759 |
| |
ADR/GDRs |
1,114 |
– |
1,114 |
492 |
– |
492 |
| |
ii) Abroad |
94 |
141 |
-47 |
151 |
211 |
-60 |
| |
2. Loans (a+b+c) |
23,465 |
14,464 |
9,000 |
26,644 |
19,997 |
6,647 |
| |
a) External Assistance |
3,210 |
758 |
2,452 |
1,272 |
688 |
584 |
| |
i) By India |
19 |
25 |
-6 |
19 |
25 |
-6 |
| |
ii) To India |
3,191 |
733 |
2,458 |
1,253 |
662 |
590 |
| |
b) Commercial Borrowings |
4,429 |
2,200 |
2,229 |
5,953 |
2,508 |
3,445 |
| |
i) By India |
185 |
243 |
-58 |
297 |
556 |
-259 |
| |
ii) To India |
4,244 |
1,957 |
2,287 |
5,656 |
1,952 |
3,703 |
| |
c) Short Term to India |
15,825 |
11,506 |
4,319 |
19,420 |
16,801 |
2,618 |
| |
i) Suppliers’ Credit > 180 days & Buyers’ Credit |
14,681 |
11,506 |
3,175 |
18,252 |
16,801 |
1,450 |
| |
ii) Suppliers’ Credit up to 180 days |
1,144 |
– |
1,144 |
1,168 |
– |
1,168 |
| |
3. Banking Capital (a+b) |
16,745 |
12,743 |
4,002 |
16,992 |
20,154 |
-3,163 |
| |
a) Commercial Banks |
16,743 |
12,719 |
4,024 |
16,992 |
19,551 |
-2,559 |
| |
i) Assets |
3,263 |
2,558 |
705 |
4,195 |
8,025 |
-3,831 |
| |
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 |
1,478 |
5,197 |
-3,719 |
337 |
4,974 |
-4,637 |
| |
Total Capital Account (1 to 5) |
95,098 |
77,751 |
17,347 |
1,12,391 |
90,788 |
21,603 |
C. |
Errors & Omissions |
– |
908 |
-908 |
– |
1,413 |
-1,413 |
D. |
Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
1,93,659 |
1,89,918 |
3,741 |
2,11,471 |
2,08,182 |
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 (Contd.) |
(US$ million) |
Item |
Oct-Dec 2010 (PR) |
Jan-Mar 2011 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
43 |
44 |
45 |
46 |
47 |
48 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
65,898 |
97,421 |
-31,522 |
77,240 |
1,07,427 |
-30,188 |
II. INVISIBLES (a+b+c) |
55,678 |
34,133 |
21,545 |
52,259 |
28,440 |
23,819 |
a) Services |
39,160 |
26,591 |
12,569 |
35,645 |
20,915 |
14,730 |
i) Travel |
4,429 |
2,857 |
1,572 |
4,518 |
3,198 |
1,321 |
ii) Transportation |
3,713 |
3,984 |
-271 |
4,144 |
3,238 |
907 |
iii) Insurance |
507 |
403 |
104 |
590 |
301 |
289 |
iv) G.n.i.e. |
150 |
195 |
-45 |
165 |
277 |
-111 |
v) Miscellaneous |
30,360 |
19,152 |
11,208 |
26,227 |
13,902 |
12,325 |
of which |
|
|
|
|
|
|
Software Services |
14,743 |
709 |
14,034 |
15,936 |
326 |
15,610 |
Business Services |
7,085 |
7,986 |
-900 |
6,203 |
6,921 |
-717 |
Financial Services |
1,684 |
1,961 |
-276 |
1,777 |
2,213 |
-436 |
Communication Services |
424 |
304 |
121 |
396 |
341 |
55 |
b) Transfers |
14,422 |
844 |
13,578 |
14,436 |
877 |
13,559 |
i) Official |
341 |
199 |
141 |
107 |
154 |
-47 |
ii) Private |
14,081 |
645 |
13,436 |
14,329 |
723 |
13,606 |
c) Income |
2,096 |
6,698 |
-4,601 |
2,177 |
6,647 |
-4,470 |
i) Investment Income |
1,811 |
6,133 |
-4,323 |
1,820 |
6,100 |
-4,280 |
ii) Compensation of Employees |
286 |
564 |
-279 |
357 |
547 |
-190 |
Total Current Account (I+II) |
1,21,576 |
1,31,553 |
-9,977 |
1,29,498 |
1,35,867 |
-6,369 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
1,11,219 |
1,03,727 |
7,492 |
56,369 |
55,044 |
1,325 |
a) Foreign Direct Investment (i+ii) |
9,424 |
8,231 |
1,193 |
7,534 |
6,407 |
1,127 |
i) In India |
8,340 |
2,200 |
6,141 |
6,928 |
1,419 |
5,508 |
Equity |
5,253 |
1,861 |
3,392 |
3,610 |
1,341 |
2,269 |
Reinvested Earnings |
2,985 |
– |
2,985 |
2,985 |
– |
2,985 |
Other Capital |
103 |
339 |
-236 |
333 |
78 |
255 |
ii) Abroad |
1,084 |
6,031 |
-4,948 |
606 |
4,987 |
-4,381 |
Equity |
1,084 |
3,337 |
-2,253 |
606 |
2,513 |
-1,907 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
2,423 |
-2,423 |
– |
2,203 |
-2,203 |
b) Portfolio Investment |
1,01,795 |
95,496 |
6,299 |
48,835 |
48,637 |
198 |
i) In India |
1,01,656 |
94,265 |
7,391 |
48,441 |
48,265 |
176 |
of which |
|
|
|
|
|
|
FIIs |
1,01,423 |
94,265 |
7,158 |
48,231 |
48,265 |
-34 |
ADR/GDRs |
233 |
– |
233 |
210 |
– |
210 |
ii) Abroad |
139 |
1,232 |
-1,092 |
393 |
372 |
21 |
2. Loans (a+b+c) |
26,619 |
20,243 |
6,376 |
30,998 |
24,584 |
6,414 |
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 |
755 |
1,160 |
1,446 |
689 |
757 |
b) Commercial Borrowings |
6,347 |
2,470 |
3,877 |
7,383 |
4,428 |
2,955 |
i) By India |
570 |
222 |
347 |
788 |
491 |
297 |
ii) To India |
5,778 |
2,248 |
3,530 |
6,595 |
3,937 |
2,659 |
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 |
25,483 |
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 |
185 |
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 |
8,347 |
-4,920 |
4,649 |
2,367 |
2,282 |
Total Capital Account (1 to 5) |
1,74,368 |
1,60,519 |
13,849 |
1,17,499 |
1,08,308 |
9,191 |
C. Errors & Omissions |
118 |
– |
118 |
– |
791 |
-791 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
2,96,061 |
2,92,072 |
3,989 |
2,46,997 |
2,44,966 |
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 1: India’s Overall Balance of Payments (Contd.) |
(US$ million) |
Item |
April-June 2011 (PR) |
July-September 2011 (P) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
| |
49 |
50 |
51 |
52 |
53 |
54 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
74,317 |
1,16,144 |
-41,827 |
76,592 |
1,20,529 |
-43,938 |
II. INVISIBLES (a+b+c) |
51,670 |
25,776 |
25,894 |
54,290 |
27,261 |
27,029 |
a) Services |
33,671 |
18,130 |
15,540 |
34,308 |
18,788 |
15,520 |
i) Travel |
4,125 |
3,482 |
643 |
4,650 |
3,578 |
1,072 |
ii) Transportation |
4,329 |
4,002 |
327 |
4,396 |
3,624 |
772 |
iii) Insurance |
566 |
298 |
268 |
615 |
423 |
192 |
iv) G.n.i.e. |
139 |
201 |
-63 |
147 |
179 |
-32 |
v) Miscellaneous |
24,513 |
10,147 |
14,366 |
24,501 |
10,985 |
13,516 |
of which |
|
|
|
|
|
|
Software Services |
15,558 |
302 |
15,256 |
15,202 |
307 |
14,895 |
Business Services |
5,356 |
6,234 |
-879 |
5,439 |
6,411 |
-972 |
Financial Services |
1,267 |
1,764 |
-497 |
1,577 |
2,242 |
-665 |
Communication Services |
360 |
415 |
-55 |
390 |
309 |
80 |
b) Transfers |
15,537 |
830 |
14,707 |
16,955 |
775 |
16,180 |
i) Official |
46 |
146 |
-99 |
136 |
152 |
-16 |
ii) Private |
15,491 |
685 |
14,807 |
16,819 |
622 |
16,196 |
c) Income |
2,462 |
6,816 |
-4,354 |
3,027 |
7,698 |
-4,671 |
i) Investment Income |
1,873 |
6,407 |
-4,534 |
2,316 |
7,209 |
-4,893 |
ii) Compensation of Employees |
589 |
409 |
180 |
711 |
489 |
222 |
Total Current Account (I+II) |
1,25,987 |
1,41,921 |
-15,934 |
1,30,882 |
1,47,790 |
-16,909 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
66,999 |
56,527 |
10,472 |
53,008 |
49,823 |
3,185 |
a) Foreign Direct Investment (i+ii) |
18,298 |
10,367 |
7,931 |
9,781 |
5,401 |
4,381 |
i) In India |
17,894 |
4,559 |
13,335 |
9,415 |
2,137 |
7,278 |
Equity |
13,696 |
4,226 |
9,470 |
5,949 |
2,015 |
3,933 |
Reinvested Earnings |
2,730 |
– |
2,730 |
2,730 |
– |
2,730 |
Other Capital |
1,468 |
333 |
1,135 |
736 |
122 |
615 |
ii) Abroad |
404 |
5,808 |
-5,404 |
366 |
3,264 |
-2,898 |
Equity |
404 |
1,404 |
-1,000 |
366 |
1,583 |
-1,217 |
Reinvested Earnings |
– |
271 |
-271 |
– |
271 |
-271 |
Other Capital |
– |
4,133 |
-4,133 |
– |
1,409 |
-1,409 |
b) Portfolio Investment |
48,701 |
46,159 |
2,541 |
43,227 |
44,422 |
-1,196 |
i) In India |
48,607 |
45,857 |
2,750 |
42,769 |
44,152 |
-1,384 |
of which |
|
|
|
|
|
|
FIIs |
48,329 |
45,857 |
2,472 |
42,564 |
44,152 |
-1,589 |
ADR/GDRs |
278 |
– |
278 |
205 |
– |
205 |
ii) Abroad |
94 |
303 |
-208 |
458 |
270 |
188 |
2. Loans (a+b+c) |
32,385 |
25,350 |
7,035 |
39,345 |
29,144 |
10,202 |
a) External Assistance |
1,237 |
855 |
382 |
1,081 |
758 |
324 |
i) By India |
18 |
24 |
-6 |
18 |
24 |
-6 |
ii) To India |
1,219 |
831 |
388 |
1,063 |
734 |
330 |
b) Commercial Borrowings |
6,984 |
3,399 |
3,585 |
11,860 |
4,852 |
7,007 |
i) By India |
339 |
319 |
21 |
1,118 |
469 |
649 |
ii) To India |
6,644 |
3,080 |
3,564 |
10,742 |
4,383 |
6,358 |
c) Short Term to India |
24,165 |
21,096 |
3,069 |
26,405 |
23,534 |
2,871 |
i) Suppliers’ Credit > 180 days & Buyers’ Credit |
22,682 |
21,096 |
1,586 |
25,130 |
23,534 |
1,596 |
ii) Suppliers’ Credit up to 180 days |
1,483 |
– |
1,483 |
1,275 |
– |
1,275 |
3. Banking Capital (a+b) |
28,767 |
16,103 |
12,664 |
20,144 |
13,465 |
6,679 |
a) Commercial Banks |
28,736 |
16,077 |
12,659 |
20,144 |
13,439 |
6,705 |
i) Assets |
10,858 |
4,595 |
6,263 |
2,223 |
1,006 |
1,217 |
ii) Liabilities |
17,878 |
11,482 |
6,396 |
17,921 |
12,433 |
5,488 |
of which: Non-Resident Deposits |
12,488 |
11,337 |
1,151 |
15,088 |
12,302 |
2,786 |
b) Others |
31 |
27 |
5 |
– |
26 |
-26 |
4. Rupee Debt Service |
– |
31 |
-31 |
– |
1 |
-1 |
5. Other Capital |
230 |
7,742 |
-7,512 |
3,330 |
4,963 |
-1,633 |
Total Capital Account (1 to 5) |
1,28,382 |
1,05,753 |
22,629 |
1,15,827 |
97,395 |
18,432 |
C. Errors & Omissions |
– |
1,252 |
-1,252 |
– |
1,247 |
-1,247 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
2,54,369 |
2,48,926 |
5,442 |
2,46,709 |
2,46,433 |
276 |
E. Monetary Movements (i+ii) |
– |
5,442 |
-5,442 |
– |
276 |
-276 |
i) I.M.F. |
– |
– |
– |
– |
– |
– |
ii) Foreign Exchange Reserves (Increase - / Decrease +) |
– |
5,442 |
-5,442 |
– |
276 |
-276 |
of which: SDR allocation |
– |
– |
– |
– |
– |
– |
Annex 1: India’s Overall Balance of Payments (Concld.) |
(US$ million) |
Item |
April-September 2011-12 (P) |
April-September 2010-11 (PR) |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
55 |
56 |
57 |
58 |
59 |
60 |
A. CURRENT ACCOUNT |
|
|
|
|
|
|
I. MERCHANDISE |
1,50,909 |
2,36,674 |
-85,765 |
1,07,331 |
1,76,213 |
-68,883 |
II. INVISIBLES (a+b+c) |
1,05,960 |
53,037 |
52,923 |
90,311 |
51,028 |
39,283 |
a) Services |
67,979 |
36,919 |
31,060 |
58,075 |
36,558 |
21,517 |
i) Travel |
8,775 |
7,060 |
1,715 |
6,328 |
5,054 |
1,274 |
ii) Transportation |
8,725 |
7,626 |
1,099 |
6,413 |
6,658 |
-245 |
iii) Insurance |
1,181 |
721 |
460 |
851 |
696 |
155 |
iv) G.n.i.e. |
285 |
380 |
-95 |
219 |
348 |
-129 |
v) Miscellaneous |
49,013 |
21,132 |
27,881 |
44,264 |
23,802 |
20,462 |
of which |
|
|
|
|
|
|
Software Services |
30,761 |
610 |
30,151 |
24,782 |
1,160 |
23,621 |
Business Services |
10,795 |
12,646 |
-1,851 |
10,761 |
12,858 |
-2,097 |
Financial Services |
2,844 |
4,006 |
-1,162 |
3,047 |
3,310 |
-263 |
Communication Services |
749 |
724 |
25 |
742 |
507 |
235 |
b) Transfers |
32,492 |
1,605 |
30,887 |
27,407 |
1,404 |
26,004 |
i) Official |
183 |
298 |
-115 |
199 |
278 |
-79 |
ii) Private |
32,310 |
1,307 |
31,003 |
27,208 |
1,125 |
26,083 |
c) Income |
5,488 |
14,514 |
-9,025 |
4,829 |
13,067 |
-8,238 |
i) Investment Income |
4,189 |
13,616 |
-9,427 |
4,355 |
12,150 |
-7,795 |
ii) Compensation of Employees |
1,299 |
898 |
402 |
474 |
917 |
-443 |
Total Current Account (I+II) |
2,56,869 |
2,89,711 |
-32,842 |
1,97,642 |
2,27,241 |
-29,599 |
B. CAPITAL ACCOUNT |
|
|
|
|
|
|
1. Foreign Investment (a+b) |
1,20,007 |
1,06,350 |
13,657 |
1,21,828 |
90,993 |
30,836 |
a) Foreign Direct Investment (i+ii) |
28,079 |
15,768 |
12,311 |
18,506 |
11,467 |
7,040 |
i) In India |
27,309 |
6,696 |
20,613 |
17,634 |
3,399 |
14,235 |
Equity |
19,645 |
6,241 |
13,403 |
11,442 |
3,312 |
8,130 |
Reinvested Earnings |
5,460 |
– |
5,460 |
5,970 |
– |
5,970 |
Other Capital |
2,204 |
455 |
1,749 |
222 |
87 |
135 |
ii) Abroad |
770 |
9,072 |
-8,301 |
872 |
8,067 |
-7,195 |
Equity |
770 |
2,987 |
-2,217 |
872 |
4,687 |
-3,815 |
Reinvested Earnings |
– |
542 |
-542 |
– |
542 |
-542 |
Other Capital |
– |
5,543 |
-5,543 |
– |
2,838 |
-2,838 |
b) Portfolio Investment |
91,927 |
90,582 |
1,346 |
1,03,322 |
79,526 |
23,796 |
i) In India |
91,375 |
90,009 |
1,366 |
1,03,078 |
79,174 |
23,904 |
of which |
|
|
|
|
|
|
FIIs |
90,892 |
90,009 |
883 |
1,01,472 |
79,174 |
22,298 |
ADR/GDRs |
483 |
– |
483 |
1,606 |
– |
1,606 |
ii) Abroad |
552 |
573 |
-21 |
245 |
352 |
-107 |
2. Loans (a+b+c) |
71,731 |
54,493 |
17,237 |
50,109 |
34,461 |
15,647 |
a) External Assistance |
2,318 |
1,612 |
705 |
4,482 |
1,446 |
3,036 |
i) By India |
35 |
48 |
-13 |
38 |
51 |
-13 |
ii) To India |
2,282 |
1,564 |
718 |
4,444 |
1,395 |
3,049 |
b) Commercial Borrowings |
18,843 |
8,251 |
10,592 |
10,382 |
4,708 |
5,674 |
i) By India |
1,457 |
788 |
670 |
483 |
799 |
-316 |
ii) To India |
17,386 |
7,464 |
9,922 |
9,899 |
3,909 |
5,990 |
c) Short Term to India |
50,569 |
44,630 |
5,940 |
35,245 |
28,307 |
6,937 |
i) Suppliers’ Credit > 180 days & Buyers’ Credit |
47,811 |
44,630 |
3,182 |
32,933 |
28,307 |
4,625 |
ii) Suppliers’ Credit up to 180 days |
2,758 |
– |
2,758 |
2,312 |
– |
2,312 |
3. Banking Capital (a+b) |
48,912 |
29,568 |
19,344 |
33,737 |
32,898 |
839 |
a) Commercial Banks |
48,880 |
29,515 |
19,365 |
33,735 |
32,270 |
1,465 |
i) Assets |
13,081 |
5,601 |
7,480 |
7,458 |
10,584 |
-3,126 |
ii) Liabilities |
35,799 |
23,915 |
11,884 |
26,277 |
21,686 |
4,591 |
of which: Non-Resident Deposits |
27,577 |
23,640 |
3,937 |
22,924 |
20,761 |
2,163 |
b) Others |
32 |
53 |
-21 |
2 |
628 |
-626 |
4. Rupee Debt Service |
– |
32 |
-32 |
– |
16 |
-16 |
5. Other Capital |
3,560 |
12,705 |
-9,145 |
1,814 |
10,171 |
-8,356 |
Total Capital Account (1 to 5) |
2,44,209 |
2,03,148 |
41,061 |
2,07,489 |
1,68,539 |
38,950 |
C. Errors & Omissions |
– |
2,500 |
-2,500 |
– |
2,320 |
-2,320 |
D. Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C)) |
5,01,078 |
4,95,359 |
5,719 |
4,05,130 |
3,98,100 |
7,030 |
E. Monetary Movements (i+ii) |
– |
5,719 |
-5,719 |
– |
7,030 |
-7,030 |
i) I.M.F. |
– |
– |
– |
– |
– |
– |
ii) Foreign Exchange Reserves (Increase - / Decrease +) |
– |
5,719 |
-5,719 |
– |
7,030 |
-7,030 |
of which: SDR allocation |
– |
– |
– |
– |
– |
– |
Note: The comparable figures in new and old formats may not entirely agree due to rounding off. Total of subcomponents may not tally with aggregate due to rounding off.
P: Preliminary. PR: Partially Revised. R: Revised. |
Attachment I : Invisibles by Category |
(US $ million) |
Items |
2009-10 R |
2010-11 PR |
2009-10 R |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
I. Invisibles Receipts ( A+B+C) |
163,430 |
198,248 |
38,710 |
40,488 |
40,495 |
43,738 |
A. Services |
96,045 |
132,880 |
22,414 |
21,352 |
24,443 |
27,835 |
1) Travel |
11,859 |
15,275 |
2,297 |
2,719 |
3,440 |
3,403 |
2) Transportation |
11,178 |
14,271 |
2,501 |
2,570 |
2,992 |
3,115 |
3) Insurance |
1,591 |
1,948 |
388 |
384 |
395 |
423 |
4) GNIE |
441 |
535 |
100 |
100 |
124 |
116 |
5) Miscellaneous |
70,977 |
100,851 |
17,127 |
15,578 |
17,493 |
20,778 |
of which: |
|
|
|
|
|
|
Software Services |
49,705 |
55,460 |
11,004 |
11,207 |
13,197 |
14,297 |
B. Transfers |
54,363 |
56,265 |
13,345 |
14,386 |
13,416 |
13,217 |
1) Official Transfers |
727 |
647 |
47 |
169 |
385 |
127 |
2) Private Transfers |
53,636 |
55,618 |
13,298 |
14,217 |
13,031 |
13,090 |
C. Income |
13,022 |
9,102 |
2,951 |
4,750 |
2,636 |
2,686 |
1) Investment Income |
12,108 |
7,986 |
2,723 |
4,544 |
2,385 |
2,455 |
2) Compensation of Employees |
915 |
1,116 |
227 |
205 |
251 |
231 |
II. Invisibles Payments ( A+B+C) |
83,408 |
113,600 |
16,582 |
20,092 |
21,749 |
24,985 |
A. Services |
60,029 |
84,064 |
10,954 |
13,704 |
15,994 |
19,378 |
1) Travel |
9,343 |
11,108 |
2,035 |
2,357 |
2,312 |
2,638 |
2) Transportation |
11,933 |
13,880 |
2,777 |
2,221 |
3,366 |
3,570 |
3) Insurance |
1,285 |
1,400 |
314 |
341 |
305 |
326 |
4) GNIE |
525 |
820 |
103 |
130 |
134 |
159 |
5) Miscellaneous |
36,944 |
56,856 |
5,725 |
8,656 |
9,876 |
12,686 |
of which: |
|
|
|
|
|
|
Software Services |
1,468 |
2,194 |
391 |
438 |
333 |
307 |
B. Transfers |
2,318 |
3,125 |
469 |
569 |
638 |
642 |
1) Official Transfers |
473 |
631 |
110 |
108 |
113 |
142 |
2) Private Transfers |
1,845 |
2,494 |
360 |
460 |
525 |
500 |
C. Income |
21,061 |
26,412 |
5,159 |
5,819 |
5,118 |
4,965 |
1) Investment Income |
19,355 |
24,384 |
4,808 |
5,477 |
4,597 |
4,473 |
2) Compensation of Employees |
1,705 |
2,028 |
351 |
342 |
520 |
492 |
Net Invisibles ( I - II) |
80,022 |
84,648 |
22,128 |
20,396 |
18,745 |
18,753 |
Attachment I : Invisibles by Category (Concld.) |
(US $ million) |
Items |
2010-11 PR |
2011-12 |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
Apr-Jun PR |
Jul-Sep P |
1 |
8 |
9 |
10 |
11 |
12 |
13 |
I. Invisibles Receipts ( A+B+C) |
43,260 |
47,051 |
55,678 |
52,259 |
51,670 |
54,290 |
A. Services |
26,650 |
31,425 |
39,160 |
35,645 |
33,671 |
34,308 |
1) Travel |
2,949 |
3,379 |
4,429 |
4,518 |
4,125 |
4,650 |
2) Transportation |
3,143 |
3,270 |
3,713 |
4,144 |
4,329 |
4,396 |
3) Insurance |
410 |
441 |
507 |
590 |
566 |
615 |
4) GNIE |
94 |
125 |
150 |
165 |
139 |
147 |
5) Miscellaneous |
20,054 |
24,210 |
30,360 |
26,227 |
24,513 |
24,501 |
of which: |
|
|
|
|
|
|
Software Services |
12,327 |
12,455 |
14,743 |
15,936 |
15,558 |
15,202 |
B. Transfers |
13,754 |
13,653 |
14,422 |
14,436 |
15,537 |
16,955 |
1) Official Transfers |
59 |
141 |
341 |
107 |
46 |
136 |
2) Private Transfers |
13,695 |
13,513 |
14,081 |
14,329 |
15,491 |
16,819 |
C. Income |
2,855 |
1,973 |
2,096 |
2,177 |
2,462 |
3,027 |
1) Investment Income |
2,628 |
1,726 |
1,811 |
1,820 |
1,873 |
2,316 |
2) Compensation of Employees |
227 |
247 |
286 |
357 |
589 |
711 |
II. Invisibles Payments ( A+B+C) |
24,051 |
26,977 |
34,133 |
28,440 |
25,776 |
27,261 |
A. Services |
17,014 |
19,543 |
26,591 |
20,915 |
18,130 |
18,788 |
1) Travel |
2,307 |
2,747 |
2,857 |
3,198 |
3,482 |
3,578 |
2) Transportation |
3,134 |
3,524 |
3,984 |
3,238 |
4,002 |
3,624 |
3) Insurance |
310 |
386 |
403 |
301 |
298 |
423 |
4) GNIE |
143 |
205 |
195 |
277 |
201 |
179 |
5) Miscellaneous |
11,120 |
12,682 |
19,152 |
13,902 |
10,147 |
10,985 |
of which: |
|
|
|
|
|
|
Software Services |
575 |
585 |
709 |
326 |
302 |
307 |
B. Transfers |
727 |
677 |
844 |
877 |
830 |
775 |
1) Official Transfers |
141 |
137 |
199 |
154 |
146 |
152 |
2) Private Transfers |
585 |
540 |
645 |
723 |
685 |
622 |
C. Income |
6,310 |
6,756 |
6,698 |
6,647 |
6,816 |
7,698 |
1) Investment Income |
5,828 |
6,322 |
6,133 |
6,100 |
6,407 |
7,209 |
2) Compensation of Employees |
482 |
434 |
564 |
547 |
409 |
489 |
Net Invisibles ( I - II) |
19,209 |
20,074 |
21,545 |
23,819 |
25,894 |
27,029 |
Attachment I A: Invisibles Receipts by Category of Transactions |
(US $ million) |
Items |
2009-10
R |
2010-11
PR |
2009-10 R |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
I. Invisibles Receipts ( A+B+C) |
163430 |
198248 |
38710 |
40488 |
40495 |
43738 |
A) SERVICES |
96045 |
132880 |
22414 |
21352 |
24443 |
27835 |
1) TRAVEL ACCOUNT |
|
|
|
|
|
|
Tourist Expenses in India |
11859 |
15275 |
2297 |
2719 |
3440 |
3403 |
TOTAL |
11859 |
15275 |
2297 |
2719 |
3440 |
3403 |
2) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
a ) Sea Transport |
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
609 |
649 |
153 |
175 |
157 |
124 |
ii) Operating expenses of foreign companies in India |
788 |
765 |
256 |
143 |
186 |
203 |
iii) Charter hire charges |
140 |
116 |
28 |
34 |
26 |
52 |
b) Air Transport |
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
420 |
530 |
118 |
46 |
125 |
131 |
ii) Operating expenses of foreign companies in India |
66 |
56 |
16 |
33 |
11 |
6 |
iii) Charter hire charges |
12 |
20 |
1 |
2 |
8 |
1 |
c) Freight on exports |
7967 |
10361 |
1711 |
1911 |
2099 |
2246 |
d) Others |
1177 |
1773 |
218 |
226 |
381 |
352 |
TOTAL ( a to d) |
11178 |
14270 |
2501 |
2570 |
2992 |
3115 |
3) INSURANCE ACCOUNT |
|
|
|
|
|
|
a) Insurance on export |
1040 |
1354 |
224 |
250 |
274 |
292 |
b) Premium |
|
|
|
|
|
|
i) Life |
46 |
50 |
24 |
5 |
6 |
11 |
ii) Non-life |
99 |
124 |
17 |
32 |
24 |
26 |
iii) Reinsurance from foreign companies |
212 |
126 |
73 |
43 |
57 |
39 |
c) Commission on Business received from foreign companies |
24 |
33 |
7 |
6 |
7 |
4 |
d) Others |
169 |
263 |
42 |
48 |
28 |
51 |
TOTAL ( a to d) |
1591 |
1949 |
388 |
384 |
396 |
423 |
4) Government Not Included Elsewhere |
|
|
|
|
|
|
a) Maintenance of foreign embassies and diplomatic missions in India |
279 |
387 |
67 |
70 |
73 |
69 |
b) Maintenance of international and regional institutions in India |
162 |
147 |
33 |
30 |
52 |
47 |
TOTAL ( a to b) |
441 |
534 |
100 |
100 |
125 |
116 |
5) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
a) Communication services |
1229 |
1562 |
418 |
307 |
259 |
245 |
b) Construction services |
589 |
676 |
149 |
150 |
188 |
102 |
c) Financial services |
3736 |
6508 |
1116 |
732 |
785 |
1103 |
d) Software services |
49705 |
55461 |
11004 |
11207 |
13197 |
14297 |
e) News agency services |
351 |
605 |
89 |
83 |
99 |
80 |
f) Royalties, copyright and license fees |
202 |
193 |
69 |
47 |
45 |
41 |
g) Business services (i to xii) |
11323 |
24049 |
2586 |
2504 |
2415 |
3818 |
i) Merchanting services |
316 |
1223 |
29 |
66 |
82 |
139 |
ii) Trade related services |
1688 |
5356 |
360 |
315 |
346 |
667 |
iii) Operational Leasing Services |
423 |
829 |
105 |
100 |
93 |
125 |
iv) Legal services |
609 |
439 |
118 |
165 |
172 |
154 |
v) Accounting / Auditing services |
224 |
301 |
46 |
58 |
55 |
65 |
vi) Business Management & consultancy services |
3776 |
9184 |
954 |
837 |
746 |
1239 |
vii) Advertising/ trade fair |
568 |
703 |
106 |
121 |
135 |
206 |
viii) Research & Development services |
565 |
878 |
106 |
145 |
94 |
220 |
ix) Architectural Engineering & other technical services |
1380 |
2013 |
367 |
288 |
301 |
424 |
x) Agricultural Mining & on-site processing services |
196 |
286 |
19 |
34 |
76 |
67 |
xi) Maintanence of offices abroad services |
1507 |
2777 |
358 |
346 |
309 |
494 |
xii) Environmental services |
71 |
60 |
18 |
29 |
6 |
18 |
h) Personal, Cultural & Recreational services |
527 |
227 |
95 |
139 |
115 |
178 |
i) Refunds/rebates |
597 |
507 |
131 |
128 |
170 |
168 |
j) Other services |
2717 |
11062 |
1470 |
281 |
220 |
746 |
TOTAL (a to j) |
70976 |
100850 |
17127 |
15578 |
17493 |
20778 |
Attachment I A: Invisibles Receipts by Category of Transactions (Contd.) |
(US $ million) |
Items |
2009-10
R |
2010-11
PR |
2009-10 |
Apr-Jun R |
Jul-Sep R |
Oct-Dec R |
Jan-Mar R |
|
8 |
9 |
10 |
11 |
12 |
13 |
B) TRANSFERS |
54364 |
56265 |
13345 |
14386 |
13416 |
13217 |
I) OFFICIAL TRANSFERS |
|
|
|
|
|
|
i) Donations received from Non- residents |
67 |
75 |
19 |
17 |
15 |
16 |
ii) Grant under PL 480 II |
4 |
– |
– |
– |
– |
4 |
iii) Grants from other Governments |
656 |
573 |
28 |
151 |
370 |
107 |
TOTAL ( i to iii) |
727 |
648 |
47 |
168 |
385 |
127 |
II) PRIVATE TRANSFERS |
|
|
|
|
|
|
i) Inward remittance from Indian workers abroad for family maintenance etc. |
28406 |
27408 |
7184 |
7493 |
6813 |
6916 |
ii) Local withdrawals/redemptions from non-resident deposits |
23228 |
26151 |
5568 |
6250 |
5741 |
5729 |
iii) Gold and silver brought through passenger baggage |
85 |
36 |
39 |
17 |
13 |
16 |
iv) Personal gifts/donations to charitable/ religious institutions in India. |
1858 |
2025 |
507 |
458 |
464 |
429 |
TOTAL (i to iv) |
53637 |
55620 |
13298 |
14218 |
13031 |
13090 |
C) INCOME ACCOUNT |
13023 |
9101 |
2951 |
4750 |
2636 |
2686 |
I) Compensation of Employees |
|
|
|
|
|
|
Wages received by Indians working on foreign contracts |
914 |
1117 |
227 |
205 |
251 |
231 |
II) Investment Income |
|
|
|
|
|
|
i) Interest received on loans to non-residents |
4138 |
1721 |
380 |
2104 |
1003 |
651 |
ii) Dividend/profit received by Indians on foreign investment |
349 |
283 |
83 |
97 |
64 |
105 |
Of which: |
|
|
|
|
|
|
Dividend received by Indians on foreign investment |
224 |
156 |
38 |
75 |
43 |
68 |
Profit received by Indians on foreign investment |
125 |
127 |
45 |
22 |
21 |
37 |
iii) Reinvested Earning |
1084 |
1084 |
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 |
57 |
42 |
19 |
7 |
26 |
5 |
v) Interest received on overdraft of VOSTRO accounts of foreign correspondents/branches by the ADs |
16 |
12 |
1 |
12 |
1 |
2 |
vi) Payment of taxes by the non-residents/refund of taxes by foreign governments to Indians |
552 |
679 |
53 |
41 |
113 |
345 |
vii) Interest/discount earnings etc. earnings on RBI investment |
5900 |
4142 |
1915 |
2010 |
902 |
1073 |
viii) Interest/remuneration on SDR holdings |
10 |
20 |
1 |
1 |
4 |
4 |
TOTAL (i to viii) |
12108 |
7985 |
2723 |
4543 |
2384 |
2456 |
Attachment I A: Invisibles Receipts by Category of Transactions (Contd.) |
(US $ million) |
Items |
2010-11 PR |
2011-12 |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
Apr-Jun PR |
Jul-Sep P |
|
14 |
15 |
16 |
17 |
18 |
19 |
I. Invisibles Receipts ( A+B+C) |
43260 |
47051 |
55678 |
52259 |
51670 |
54290 |
A) SERVICES |
26650 |
31425 |
39160 |
35645 |
33671 |
34308 |
1) TRAVEL ACCOUNT |
|
|
|
|
|
|
Tourist Expenses in India |
2949 |
3379 |
4429 |
4518 |
4125 |
4650 |
TOTAL |
2949 |
3379 |
4429 |
4518 |
4125 |
4650 |
2) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
a ) Sea Transport |
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
133 |
185 |
178 |
153 |
205 |
219 |
ii) Operating expenses of foreign companies in India |
182 |
203 |
205 |
175 |
275 |
187 |
iii) Charter hire charges |
28 |
35 |
27 |
26 |
41 |
34 |
b) Air Transport |
|
|
|
|
|
|
i) Surplus remitted by Indian companies operating abroad |
138 |
122 |
122 |
148 |
153 |
193 |
ii) Operating expenses of foreign companies in India |
8 |
10 |
19 |
19 |
38 |
39 |
iii) Charter hire charges |
– |
7 |
7 |
6 |
1 |
3 |
c) Freight on exports |
2258 |
2311 |
2680 |
3112 |
3044 |
3114 |
d) Others |
396 |
397 |
475 |
505 |
573 |
606 |
TOTAL ( a to d) |
3143 |
3270 |
3713 |
4144 |
4329 |
4395 |
3) INSURANCE ACCOUNT |
|
|
|
|
|
|
a) Insurance on export |
295 |
302 |
350 |
407 |
398 |
407 |
b) Premium |
|
|
|
|
|
|
i) Life |
20 |
7 |
10 |
13 |
29 |
45 |
ii) Non-life |
25 |
25 |
43 |
31 |
30 |
44 |
iii) Reinsurance from foreign companies |
29 |
29 |
37 |
31 |
29 |
33 |
c) Commission on Business received from foreign companies |
7 |
8 |
7 |
11 |
7 |
20 |
d) Others |
34 |
71 |
60 |
98 |
74 |
67 |
TOTAL ( a to d) |
410 |
442 |
507 |
591 |
567 |
616 |
4) Government Not Included Elsewhere |
|
|
|
|
|
|
a) Maintenance of foreign embassies and diplomatic missions in India |
65 |
90 |
106 |
126 |
100 |
112 |
b) Maintenance of international and regional institutions in India |
29 |
35 |
44 |
39 |
39 |
35 |
TOTAL ( a to b) |
94 |
125 |
150 |
165 |
139 |
147 |
5) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
a) Communication services |
325 |
417 |
424 |
396 |
360 |
390 |
b) Construction services |
122 |
173 |
128 |
253 |
253 |
137 |
c) Financial services |
1228 |
1819 |
1684 |
1777 |
1267 |
1577 |
d) Software services |
12327 |
12455 |
14743 |
15936 |
15558 |
7506 |
e) News agency services |
82 |
108 |
322 |
93 |
30 |
24 |
f) Royalties, copyright and license fees |
35 |
27 |
25 |
106 |
40 |
78 |
g) Business services (i to xii) |
4819 |
5942 |
7085 |
6203 |
5355 |
5441 |
i) Merchanting services |
183 |
356 |
330 |
354 |
332 |
348 |
ii) Trade related services |
1226 |
1299 |
1638 |
1193 |
740 |
716 |
iii) Operational Leasing Services |
175 |
127 |
299 |
228 |
198 |
189 |
iv) Legal services |
124 |
122 |
74 |
119 |
117 |
129 |
v) Accounting / Auditing services |
51 |
62 |
68 |
120 |
80 |
106 |
vi) Business Management & consultancy services |
1605 |
2279 |
2747 |
2553 |
2005 |
1910 |
vii) Advertising/ trade fair |
134 |
134 |
243 |
192 |
222 |
171 |
viii) Research & Development services |
170 |
286 |
224 |
198 |
159 |
187 |
ix) Architectural Engineering & other technical services |
513 |
483 |
551 |
466 |
636 |
693 |
x) Agricultural Mining & on-site processing services |
78 |
54 |
77 |
77 |
36 |
16 |
xi) Maintanence of offices abroad services |
535 |
725 |
825 |
692 |
814 |
951 |
xii) Environmental services |
25 |
15 |
9 |
11 |
16 |
25 |
h) Personal, Cultural & Recreational services |
49 |
56 |
52 |
70 |
87 |
1231 |
i) Refunds/rebates |
9 |
209 |
132 |
157 |
8 |
149 |
j) Other services |
1058 |
3003 |
5765 |
1236 |
1555 |
7968 |
TOTAL ( a to j) |
20054 |
24209 |
30360 |
26227 |
24513 |
24501 |
Attachment I A: Invisibles Receipts by Category of Transactions (Contd.) |
(US $ million) |
Items |
2010-11 PR |
2011-12 |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
Apr-Jun PR |
Jul-Sep P |
|
20 |
21 |
22 |
23 |
24 |
25 |
B) TRANSFERS |
13754 |
13653 |
14422 |
14436 |
15537 |
16955 |
I) OFFICIAL TRANSFERS |
|
|
|
|
|
|
i) Donations received from Non- residents |
25 |
18 |
22 |
10 |
19 |
19 |
ii) Grant under PL 480 II |
– |
– |
– |
– |
– |
– |
iii) Grants from other Governments |
34 |
123 |
319 |
97 |
27 |
117 |
TOTAL ( i to iii) |
59 |
141 |
341 |
107 |
46 |
136 |
II) PRIVATE TRANSFERS |
|
|
|
|
|
|
i) Inward remittance from Indian workers abroad for family maintenance etc. |
6900 |
5999 |
7227 |
7282 |
7372 |
8064 |
ii) Local withdrawals/redemptions from non-resident deposits |
6319 |
7052 |
6346 |
6434 |
7503 |
8164 |
iii) Gold and silver brought through passenger baggage |
5 |
6 |
9 |
16 |
18 |
15 |
iv) Personal gifts/donations to charitable/ religious institutions in India. |
471 |
456 |
500 |
598 |
598 |
577 |
TOTAL (i to iv) |
13695 |
13513 |
14082 |
14330 |
15491 |
16820 |
C) INCOME ACCOUNT |
2855 |
1973 |
2096 |
2177 |
2462 |
3027 |
I) Compensation of Employees |
|
|
|
|
|
|
Wages received by Indians working on foreign contracts |
227 |
247 |
286 |
357 |
589 |
711 |
II) Investment Income |
|
|
|
|
|
|
i) Interest received on loans to non-residents |
1313 |
112 |
159 |
137 |
202 |
205 |
ii) Dividend/profit received by Indians on foreign investment |
38 |
60 |
67 |
118 |
276 |
141 |
Of which: |
|
|
|
|
|
|
Dividend received by Indians on foreign investment |
15 |
47 |
40 |
54 |
35 |
45 |
Profit received by Indians on foreign investment |
23 |
13 |
27 |
64 |
241 |
96 |
iii) Reinvested Earning |
271 |
271 |
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 |
18 |
3 |
14 |
7 |
150 |
79 |
v) Interest received on overdraft of VOSTRO accounts of foreign correspondents/branches by the Ads |
4 |
3 |
1 |
4 |
7 |
12 |
vi) Payment of taxes by the non-residents/refund of taxes by foreign governments to Indians |
41 |
62 |
384 |
192 |
152 |
293 |
vii) Interest/discount earnings etc. earnings on RBI investment |
939 |
1211 |
908 |
1084 |
811 |
1304 |
viii) Interest/remuneration on SDR holdings |
4 |
4 |
6 |
6 |
4 |
11 |
TOTAL ( i to viii) |
2628 |
1726 |
1810 |
1819 |
1873 |
2316 |
Attachment I B: Invisibles Payments by Category of Transactions |
(US $ million) |
Items |
2009-10 R |
2010-11 PR |
2009-10 R |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Invisibles Payments ( A+B+C) |
83408 |
113600 |
16582 |
20092 |
21749 |
24985 |
A) SERVICES |
60030 |
84064 |
10954 |
13704 |
15994 |
19378 |
I) TRAVEL ACCOUNT |
|
|
|
|
|
|
i) Business |
3569 |
4978 |
826 |
771 |
861 |
1111 |
ii) Health Related |
29 |
59 |
7 |
7 |
8 |
7 |
iii) Education Related |
2252 |
1892 |
360 |
735 |
551 |
606 |
iv) Basic travel quota ( BTQ) |
2336 |
2780 |
621 |
521 |
577 |
617 |
v) Pilgrimage |
232 |
309 |
18 |
113 |
92 |
9 |
vi) Others |
924 |
1090 |
203 |
210 |
223 |
288 |
TOTAL ( i to vi) |
9342 |
11108 |
2035 |
2357 |
2312 |
2638 |
II) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
a. Sea Transport |
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
1209 |
1771 |
208 |
214 |
419 |
368 |
ii) Operating expenses of Indian companies abroad |
1670 |
962 |
423 |
217 |
721 |
309 |
iii) Charter hire charges |
97 |
93 |
20 |
17 |
24 |
36 |
iv) Freight on imports |
3265 |
4186 |
780 |
619 |
761 |
1105 |
v) Freight on Exports |
1019 |
1119 |
167 |
204 |
235 |
413 |
vi) Remittance of passage booking abroad |
6 |
11 |
1 |
2 |
1 |
2 |
b. Air Transport |
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
2452 |
3120 |
620 |
512 |
635 |
685 |
ii) Operating expenses of Indian companies abroad |
603 |
923 |
87 |
122 |
157 |
237 |
iii) Charter hire charges |
510 |
491 |
148 |
100 |
117 |
145 |
iv) Freight on imports |
112 |
152 |
33 |
14 |
27 |
38 |
v) Freight on Exports |
23 |
50 |
6 |
2 |
3 |
12 |
vi) Remittance of passage booking abroad |
38 |
41 |
11 |
9 |
12 |
6 |
c. Others |
933 |
962 |
274 |
190 |
255 |
214 |
TOTAL ( a to e) |
11933 |
13880 |
2777 |
2221 |
3366 |
3570 |
III) INSURANCE ACCOUNT |
|
|
|
|
|
|
a. Premium |
|
|
|
|
|
|
i) Life |
25 |
15 |
2 |
7 |
11 |
5 |
ii) Non-life |
117 |
128 |
44 |
30 |
20 |
23 |
iii) Reinsurance |
653 |
750 |
146 |
188 |
178 |
141 |
b. Commission on Business |
58 |
65 |
8 |
17 |
13 |
20 |
c. Others |
433 |
442 |
114 |
99 |
82 |
137 |
TOTAL ( a to c) |
1285 |
1400 |
314 |
341 |
304 |
326 |
IV) Government Not Included Elsewhere |
|
|
|
|
|
|
a. Maintenance of Indian embassies and diplomatic mission abroad |
358 |
531 |
54 |
88 |
100 |
116 |
b. Remittances by foreign embassies and mission in India |
167 |
288 |
48 |
42 |
34 |
43 |
TOTAL ( a to b) |
525 |
819 |
102 |
130 |
134 |
159 |
V) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
a) Communication services |
1355 |
1152 |
278 |
313 |
381 |
383 |
b) Construction services |
998 |
1157 |
267 |
259 |
182 |
290 |
c) Financial services |
4643 |
7483 |
835 |
1135 |
1156 |
1517 |
d) Software services |
1469 |
2195 |
391 |
438 |
333 |
307 |
e) News agency services |
639 |
467 |
91 |
71 |
378 |
99 |
f) Royalties, copyright and license fees |
2017 |
2424 |
414 |
409 |
578 |
616 |
g) Business services (i to xii) |
18050 |
27763 |
3295 |
4613 |
4571 |
5571 |
i) Merchanting services |
496 |
1068 |
124 |
123 |
93 |
156 |
ii) Trade related services |
1772 |
1878 |
440 |
487 |
362 |
483 |
iii) Operational Leasing Services |
907 |
1236 |
216 |
187 |
288 |
216 |
iv) Legal services |
193 |
158 |
53 |
46 |
54 |
40 |
v) Accounting / Auditing services |
179 |
274 |
29 |
41 |
90 |
19 |
vi) Business Management & consultancy services |
5376 |
10613 |
926 |
1398 |
1318 |
1734 |
vii) Advertising/ trade fair |
792 |
945 |
149 |
173 |
230 |
240 |
viii) Research & Development services |
319 |
249 |
51 |
56 |
89 |
123 |
ix) Architectural Engineering & other technical services |
4252 |
5127 |
523 |
1154 |
1108 |
1467 |
x) Agricultural Mining & on-site processing services |
191 |
131 |
86 |
34 |
25 |
46 |
xi) Maintanence of offices abroad services |
3573 |
6072 |
699 |
914 |
914 |
1046 |
xii) Environmental services |
3 |
12 |
– |
– |
– |
3 |
h) Personal, Cultural & Recreational services |
260 |
543 |
58 |
89 |
50 |
63 |
i) Refunds/rebates |
473 |
641 |
58 |
106 |
124 |
185 |
j) Other services |
7042 |
13031 |
39 |
1224 |
2124 |
3655 |
TOTAL ( a to j) |
36944 |
56856 |
5725 |
8656 |
9876 |
12686 |
Attachment I B: Invisibles Payments by Category of Transactions (Contd.) |
(US $ million) |
|
2009-10
R |
2010-11
PR |
2009-10 R |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
|
8 |
9 |
10 |
11 |
12 |
13 |
B) TRANSFERS |
2317 |
3125 |
469 |
569 |
638 |
642 |
i) OFFICIAL TRANSFERS |
|
|
|
|
|
|
Grants/donations from official sector |
473 |
631 |
110 |
108 |
113 |
142 |
TOTAL |
473 |
631 |
110 |
108 |
113 |
142 |
ii) PRIVATE TRANSFERS |
|
|
|
|
|
|
i) Remittance by non-residents towards family maintenance and savings |
1515 |
2078 |
289 |
373 |
441 |
412 |
ii) Personal gifts/donations to charitable/ religious institutions |
329 |
415 |
70 |
87 |
84 |
88 |
Of which: |
|
|
|
|
|
|
Remittance towards personal gifts and donations |
286 |
405 |
69 |
56 |
81 |
80 |
Remittance towards donations to religious and charitable institutions abroad |
41 |
9 |
1 |
31 |
2 |
7 |
Remittance towards grants and donations to other governments and charitable institutions established by the governments |
2 |
1 |
– |
– |
1 |
1 |
TOTAL ( i to ii) |
1844 |
2494 |
359 |
460 |
525 |
500 |
C) INCOME |
21061 |
26411 |
5159 |
5819 |
5118 |
4965 |
i) Compensation of Employees |
|
|
|
|
|
|
Payment of wages/salary to Non-residents working in India |
1705 |
2028 |
351 |
342 |
520 |
492 |
TOTAL |
1705 |
2028 |
351 |
342 |
520 |
492 |
ii) Investment Income |
|
|
|
|
|
|
i) Payment of interest on NRI deposits |
1599 |
1737 |
394 |
402 |
400 |
403 |
ii) Payment of interest on loans from non-residents |
4189 |
5071 |
1092 |
1148 |
933 |
1016 |
iii) Payment of dividend/profit to non-resident share holder |
3810 |
4681 |
872 |
1375 |
831 |
732 |
Of which: |
|
|
|
|
|
|
Payment of dividend to non-resident share holder |
3208 |
4337 |
608 |
1269 |
711 |
620 |
Payment of profit to non-resident share holder |
602 |
344 |
264 |
106 |
120 |
112 |
iv) Reinvested Earning |
8668 |
11940 |
2167 |
2167 |
2167 |
2167 |
v) Payment of interest on debentures, FRNs, CPs fixed deposits, Government securities etc. |
227 |
320 |
37 |
42 |
82 |
66 |
vi) Charges on SDRs |
9 |
19 |
1 |
1 |
3 |
4 |
vii) Interest paid on overdraft on VOSTRO a/c Holders/ OD on NOSTRO a/c |
656 |
397 |
189 |
272 |
126 |
69 |
viii) Payment of taxes by the Indians/refund of taxes by government to non-residents |
221 |
219 |
55 |
72 |
55 |
39 |
TOTAL ( i to viii) |
19355 |
24384 |
4807 |
5479 |
4597 |
4473 |
Attachment I B: Invisibles Payments by Category of Transactions (Contd.) |
(US $ million) |
Items |
2010-11 PR |
2011-12 |
Apr-Jun PR |
Jul-Sep PR |
Oct-Dec PR |
Jan-Mar PR |
Apr-Jun PR |
Jul-Sep P |
|
14 |
15 |
16 |
17 |
18 |
19 |
Invisibles Payments (A+B+C) |
24051 |
26977 |
34133 |
28440 |
25776 |
27261 |
A) SERVICES |
17014 |
19543 |
26591 |
20915 |
18130 |
18788 |
I) TRAVEL ACCOUNT |
|
|
|
|
|
|
i) Business |
855 |
1006 |
1251 |
1866 |
1869 |
1694 |
ii) Health Related |
41 |
6 |
7 |
5 |
10 |
11 |
iii) Education Related |
325 |
664 |
435 |
468 |
330 |
631 |
iv) Basic travel quota ( BTQ) |
802 |
669 |
714 |
595 |
895 |
733 |
v) Pilgrimage |
3 |
119 |
180 |
7 |
48 |
210 |
vi) Others |
281 |
283 |
270 |
256 |
331 |
299 |
TOTAL (i to vi) |
2307 |
2747 |
2857 |
3197 |
3483 |
3578 |
II) TRANSPORTATION ACCOUNT |
|
|
|
|
|
|
a. Sea Transport |
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
313 |
472 |
483 |
503 |
805 |
797 |
ii) Operating expenses of Indian companies abroad |
211 |
221 |
301 |
229 |
312 |
311 |
iii) Charter hire charges |
25 |
23 |
30 |
15 |
13 |
10 |
iv) Freight on imports |
944 |
1115 |
1213 |
914 |
996 |
905 |
v) Freight on Exports |
330 |
218 |
239 |
332 |
436 |
253 |
vi) Remittance of passage booking abroad |
1 |
6 |
2 |
2 |
8 |
1 |
b. Air Transport |
|
|
|
|
|
|
i) Surplus remitted by Foreign companies operating in India |
773 |
779 |
881 |
687 |
794 |
619 |
ii) Operating expenses of Indian companies abroad |
159 |
238 |
279 |
247 |
234 |
227 |
iii) Charter hire charges |
139 |
88 |
194 |
70 |
119 |
120 |
iv) Freight on imports |
26 |
35 |
56 |
35 |
34 |
39 |
v) Freight on Exports |
24 |
13 |
6 |
7 |
3 |
8 |
vi) Remittance of passage booking abroad |
8 |
12 |
15 |
6 |
10 |
17 |
c. Others |
181 |
304 |
285 |
192 |
238 |
318 |
TOTAL ( a to e) |
3134 |
3524 |
3984 |
3239 |
4002 |
3625 |
III) INSURANCE ACCOUNT |
|
|
|
|
|
|
a. Premium |
|
|
|
|
|
|
i) Life |
2 |
3 |
3 |
7 |
2 |
4 |
ii) Non-life |
25 |
24 |
30 |
49 |
19 |
25 |
iii) Reinsurance |
147 |
192 |
255 |
155 |
198 |
220 |
b. Commission on Business |
20 |
16 |
16 |
13 |
18 |
33 |
c. Others |
116 |
150 |
99 |
77 |
61 |
140 |
TOTAL ( a to c) |
310 |
385 |
403 |
301 |
298 |
422 |
IV) Government Not Included Elsewhere |
|
|
|
|
|
|
a. Maintenance of Indian embassies and diplomatic mission abroad |
99 |
133 |
107 |
192 |
116 |
101 |
b. Remittances by foreign embassies and mission in India |
44 |
72 |
88 |
84 |
86 |
78 |
TOTAL ( a to b) |
143 |
205 |
195 |
276 |
202 |
179 |
V) MISCELLANEOUS ACCOUNT |
|
|
|
|
|
|
a) Communication services |
241 |
266 |
304 |
341 |
415 |
309 |
b) Construction services |
345 |
136 |
220 |
456 |
203 |
315 |
c) Financial services |
1404 |
1905 |
1961 |
2213 |
1764 |
2242 |
d) Software services |
575 |
585 |
709 |
326 |
302 |
307 |
e) News agency services |
75 |
68 |
113 |
211 |
194 |
87 |
f) Royalties, copyright and license fees |
566 |
560 |
696 |
602 |
606 |
693 |
g) Business services (i to xii) |
5894 |
6966 |
7984 |
6919 |
6235 |
5955 |
i) Merchanting services |
284 |
343 |
242 |
199 |
211 |
331 |
ii) Trade related services |
496 |
362 |
501 |
519 |
580 |
544 |
iii) Operational Leasing Services |
301 |
282 |
354 |
299 |
332 |
247 |
iv) Legal services |
37 |
36 |
47 |
38 |
45 |
47 |
v) Accounting / Auditing services |
17 |
126 |
89 |
42 |
76 |
37 |
vi) Business Management & consultancy services |
2172 |
2632 |
2948 |
2861 |
2245 |
2424 |
vii) Advertising/ trade fair |
163 |
202 |
323 |
257 |
207 |
279 |
viii) Research & Development services |
66 |
51 |
79 |
53 |
48 |
26 |
ix) Architectural Engineering & other technical services |
1110 |
1366 |
1622 |
1029 |
1212 |
1260 |
x) Agricultural Mining & on-site processing services |
36 |
15 |
11 |
69 |
11 |
17 |
xi) Maintanence of offices abroad services |
1211 |
1550 |
1767 |
1544 |
1267 |
741 |
xii) Environmental services |
1 |
1 |
1 |
9 |
1 |
2 |
h) Personal, Cultural & Recreational services |
71 |
105 |
228 |
139 |
80 |
79 |
i) Refunds/rebates |
57 |
68 |
233 |
283 |
111 |
266 |
j) Other services |
1892 |
2023 |
6704 |
2412 |
237 |
731 |
TOTAL ( a to j) |
11120 |
12682 |
19152 |
13902 |
10147 |
10984 |
Attachment I B: Invisibles Payments by Category of Transactions (Contd.) |
(US $ million) |
Items |
2010-11 PR |
2011-12 |
Apr-Jun |
Jul-Sep |
Oct-Dec |
Jan-Mar |
Apr-Jun PR |
Jul-Sep P |
1 |
20 |
21 |
22 |
23 |
24 |
25 |
B) TRANSFERS |
727 |
677 |
844 |
877 |
830 |
775 |
i) OFFICIAL TRANSFERS |
|
|
|
|
|
|
Grants/donations from official sector |
141 |
137 |
199 |
154 |
146 |
152 |
TOTAL |
141 |
137 |
199 |
154 |
146 |
152 |
ii) PRIVATE TRANSFERS |
|
|
|
|
|
|
i) Remittance by non-residents towards family maintenance and savings |
486 |
443 |
540 |
609 |
565 |
530 |
ii) Personal gifts/donations to charitable/ religious institutions |
99 |
97 |
105 |
114 |
120 |
93 |
Of which: |
|
|
|
|
|
|
Remittance towards personal gifts and donations |
96 |
94 |
103 |
112 |
112 |
91 |
Remittance towards donations to religious and charitable institutions abroad |
3 |
3 |
2 |
1 |
7 |
1 |
Remittance towards grants and donations to other governments and charitable institutions established by the governments |
– |
– |
– |
1 |
1 |
1 |
TOTAL ( i to ii) |
585 |
540 |
645 |
723 |
685 |
623 |
C) INCOME |
6310 |
6756 |
6698 |
6647 |
6816 |
7698 |
i) Compensation of Employees |
|
|
|
|
|
|
Payment of wages/salary to Non-residents working in India |
482 |
434 |
564 |
547 |
409 |
489 |
TOTAL |
482 |
434 |
564 |
547 |
409 |
489 |
ii) Investment Income |
|
|
|
|
|
|
i) Payment of interest on NRI deposits |
416 |
423 |
417 |
481 |
503 |
531 |
ii) Payment of interest on loans from non-residents |
1042 |
1176 |
1272 |
1581 |
1837 |
1716 |
iii) Payment of dividend/profit to non-resident share holder |
|
|
|
|
|
|
Of which: |
|
|
|
|
|
|
Payment of dividend to non-resident share holder |
947 |
1352 |
1228 |
810 |
1076 |
1943 |
Payment of profit to non-resident share holder |
91 |
94 |
71 |
88 |
91 |
128 |
iv) Reinvested Earning |
2985 |
2985 |
2985 |
2985 |
2730 |
2730 |
v) Payment of interest on debentures, FRNs, CPs fixed deposits, Government securities etc. |
69 |
112 |
66 |
73 |
47 |
48 |
vi) Charges on SDRs |
4 |
4 |
5 |
6 |
7 |
4 |
vii) Interest paid on overdraft on VOSTRO a/c Holders/ OD on NOSTRO a/c |
232 |
102 |
23 |
40 |
23 |
28 |
viii) Payment of taxes by the Indians/refund of taxes by government to non-residents |
42 |
74 |
67 |
36 |
93 |
81 |
TOTAL ( i to viii) |
5828 |
6322 |
6134 |
6100 |
6407 |
7209 |
P: Preliminary. PR: Partially Revised. R: Revised. |
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