Rupees crore

US $ million

Item

2002-03

2001-02

2000-01

2002-03

2001-02

2000-01

1

2

3

4

5

6

7

A.

Current Account

1.

Exports, f.o.b.

2,56,352

2,14,351

2,05,287

53,000

44,915

44,894

2.

Imports, c.i.f.

3,16,702

2,74,778

2,70,663

65,474

57,618

59,264

3.

Trade Balance

-60,350

-60,427

-65,376

-12,474

-12,703

-14,370

4.

Invisibles, net

78,275

64,161

48,975

16,182

13,485

10,780

a) ‘Non-Factor’ Services

29,995

21,960

11,401

6,206

4,577

2,478

of which, Software Exports

46,427

36,036

29,014

9,600

7,556

6,341

b) Income

-23,617

-17,467

-22,384

-4,882

-3,601

-4,832

c) Private Transfers

69,924

57,821

58,412

14,448

12,125

12,798

d) Official Transfers

1,973

1,847

1,546

410

384

336

5.

Current Account Balance

17,925

3,734

-16,401

3,708

782

-3,590

B.

Capital Account

1.

Foreign Investment, net (a+b)

21,918

31,877

27,245

4,555

6,692

5,862

a. Direct Investment of which * :

17,412

22,588

15,413

3,611

4,741

3,272

i. In India

22,575

29,192

18,414

4,660

6,131

4,029

Equity

13,091

18,658

10,964

2,700

4,095

2,400

Re-invested earnings

7,250

8,710

6,175

1,498

1,646

1,350

Other Capital

2,234

1,824

1,275

462

390

279

ii. Abroad

-5,163

-6,604

-3,001

-1,049

-1,390

-757

Equity

-2,051

-2,701

-1,586

-424

-570

-344

Re-invested earnings

-2,600

-3,329

-1,076

-519

-699

-339

Other Capital

-512

-574

-339

-106

-121

-74

b. Portfolio Investment

4,506

9,289

11,832

944

1,951

2,590

In India

4,679

9,617

12,609

979

2,020

2,760

Abroad

-173

-328

-777

-35

-69

-170

2.

External Assistance, Net

-11,745

5,418

2,001

-2,460

1,117

410

Disbursements

13,392

16,073

13,528

2,773

3,352

2,942

Amortisation

-25,137

-10,655

-11,527

-5,233

-2,235

-2,532

3.

Commercial Borrowings, net

-8,283

-7,476

17,577

-1,698

-1,576

3,737

Disbursements

13,219

12,896

41,845

2,737

2,696

9,052

Amortisation

-21,502

-20,372

-24,268

-4,435

-4,272

-5,315

4.

Short Term Credit, net

4,715

-4,236

321

979

-891

105

5.

Banking Capital of which,

39,800

26,671

3,517

8,243

5,592

811

NRI Deposits, net

13,602

13,127

10,567

2,808

2,754

2,317

6.

Rupee Debt Service

-2,303

-2,458

-2,763

-474

-519

-617

7.

Other Capital, net @

16,921

793

-1,223

3,493

158

-290

8.

Total Capital Account

61,023

50,589

46,675

12,638

10,573

10,018

C.

Errors & Omissions

3,068

2,269

-2,612

634

402

-572

D.

Overall Balance [A(5)+B(8)+C]

82,016

56,592

27,662

16,980

11,757

5,856

E.

Monetary Movements (F+G)

-82,016

-56,592

-27,662

-16,980

-11,757

-5,856

F.

IMF, Net

0

0

-115

0

0

-26

G.

Reserves and Monetary Gold

-82,016

-56,592

-27,547

-16,980

-11,757

-5,830

(Increase-, Decrease +)

* : Data on Foreign Direct Investment (FDI) are revised since 2000-01 with expanded coverage to approach international best practices. FDI data for previous years would not be comparable with these figures.
@ Comprises mainly of leads and lags in export receipts. Other items included are funds held abroad, India’s subscription to international institutions, quota payment to IMF, and residual item of other capital transaction not included elsewhere.
Note :
1. Gold and silver brought by returning Indians have been included under imports, with a contra entry in private transfer receipts
2. Data on exports and imports differ from those given by DGCI&S on account of differences in coverage, valuation and timing.