Annual Report

A. CURRENT ACCOUNT

1 Exports, f.o.b.

8633

11395

14825

182,442

250,468

309774

2 Imports, c.i.f.

14232

17351

23946

300,644

381,061

499533

3 Trade Balance

-5600

-5956

-9121

-118,203

-130,593

-189759

4 Invisibles, Net

3803

3855

5362

80,022

84,647

111604

a) ‘Non-Factor’ Services

1700

2223

3078

36,016

48,816

64098

of which :

Software Services

2352

2524

2992

49,705

55,460

62212

b) Income

-380

-789

-768

-8,038

-17,309

-15988

c) Private Transfers

2471

2420

3050

51,791

53,125

63469

d) Official Transfers

12

1

2

254

16

25

5 Current Account Balance

-1797

-2101

-3760

-38,181

-45,945

-78155

B. CAPITAL ACCOUNT

1 Foreign Investment, Net (a+b)

2400

1823

1887

50,362

39,652

39231

a) Direct Investment

860

429

1032

17,966

9,360

22061

of which :

i) In India

1578

1181

1550

33,109

25,884

32952

Equity

1093

630

1068

22,905

13,791

22833

Re-invested Earnings

411

544

393

8,669

11,939

8205

Other Capital

74

7

89

1,535

154

1914

ii) Abroad

-718

-752

-518

-15,143

-16,524

-10892

Equity

-469

-363

-183

-9,871

-7,975

-3874

Re-invested Earnings

-51

-49

-58

-1,084

-1,084

-1208

Other Capital

-198

-339

-277

-4,188

-7,465

-5809

b) Portfolio Investment

1540

1394

856

32,396

30,293

17170

In India

1539

1447

867

32,376

31,471

17409

Abroad

1

-53

-12

20

-1,179

-239

2 External Assistance, Net

136

225

113

2,890

4,941

2296

Disbursements

279

359

274

5,897

7,882

5646

Amortisation

143

134

161

3,007

2,941

3350

3 Commercial Borrowings, Net

95

570

479

2,000

12,506

10344

Disbursements

706

1098

1562

15,003

24,113

32590

Amortisation

611

528

1083

13,003

11,606

22247

4 Short Term Credit, Net

349

502

306

7,558

10,990

6668

5 Banking Capital

98

220

710

2,083

4,962

16226

of which :

NRI Deposits, Net

142

148

582

2,922

3,238

11918

6 Rupee Debt Service

-5

-3

-4

-97

-68

-79

7 Other Capital, Net @

-632

-503

-301

-13,162

-10,994

-6,929

8 Total Capital Account

2440

2833

3190

51,634

61,989

67,755

C. Errors & Omissions

-1

-137

-116

-12

-2993

-2432

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

642

595

-685

13,441

13,050

-12831

E. Monetary Movements (F+G)

-642

-595

685

-13,441

-13,050

12831

F. IMF, Net

0

0

0

0

0

G. Reserves and Monetary Gold (Increase -, Decrease +)

-642

-595

685

-13,441

-13,050

12831

of which : SDR allocation

-250

–

–

-5,160

–

–

P : Provisional. PR : Partially Revised. R : Revised.
@ : Includes delayed export receipts, advance payments against imports, net funds held abroad and advances received pending issue of shares under FDI.
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.