(US$ million)

A.

CURRENT ACCOUNT

I. MERCHANDISE

1,89,001

3,08,520

-1,19,519

1,82,442

3,00,644

-1,18,203

II. INVISIBLES (a+b+c)

1,67,819

76,214

91,604

1,63,430

83,408

80,022

a) Services

1,05,963

52,047

53,916

96,045

60,029

36,016

i) Travel

10,894

9,425

1,469

11,859

9,343

2,517

ii) Transportation

11,310

12,820

-1,509

11,178

11,933

-756

iii) Insurance

1,422

1,130

292

1,591

1,285

306

iv) G.n.i.e.

389

793

-404

441

525

-84

v) Miscellaneous

81,947

27,879

54,069

70,977

36,944

34,033

of which:

–

–

–

–

–

–

Software Services

46,300

2,564

43,736

49,705

1,468

48,237

Business Services

18,602

15,318

3,285

11,321

18,049

-6,728

Financial Services

4,428

2,958

1,469

3,693

4,642

-950

Communication Services

2,298

1,087

1,211

1,228

1,355

-127

b) Transfers

47,547

2,749

44,798

54,363

2,318

52,045

i) Official

645

413

232

727

473

254

ii) Private

46,903

2,336

44,567

53,636

1,845

51,791

c) Income

14,309

21,419

-7,110

13,022

21,061

-8,038

i) Investment Income

13,483

20,109

-6,626

12,108

19,355

-7,248

ii) Compensation of Employees

825

1,309

-484

915

1,705

-791

Total Current Account (I+II)

3,56,820

3,84,735

-27,914

3,45,872

3,84,052

-38,181

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

1,71,660

1,63,318

8,342

1,98,653

1,48,291

50,362

a) Foreign Direct Investment (i+ii)

43,006

20,634

22,372

38,484

20,518

17,966

i) In India

41,903

166

41,738

37,746

4,637

33,109

Equity

32,096

166

31,930

27,146

4,241

22,905

Reinvested Earnings

9,030

–

9,030

8,669

–

8,669

Other Capital

777

–

777

1,931

396

1,535

ii) Abroad

1,103

20,468

-19,365

738

15,881

-15,143

Equity

1,103

13,283

-12,181

738

10,609

-9,871

Reinvested Earnings

–

1,084

-1,084

–

1,084

-1,084

Other Capital

–

6,100

-6,100

–

4,188

-4,188

b) Portfolio Investment

1,28,654

1,42,685

-14,030

1,60,169

1,27,773

32,396

i) In India

1,28,512

1,42,365

-13,853

1,59,897

1,27,521

32,376

of which:

FIIs

1,27,349

1,42,365

-15,016

1,56,570

1,27,521

29,049

ADR/GDRs

1,162

–

1,162

3,328

–

3,328

ii) Abroad

142

319

-177

272

252

20

2. Loans (a+b+c)

62,217

53,902

8,314

74,163

61,716

12,447

a) External Assistance

5,230

2,792

2,439

5,897

3,007

2,890

i) By India

71

417

-347

51

422

-371

ii) To India

5,159

2,374

2,785

5,846

2,585

3,261

b) Commercial Borrowings

15,222

7,361

7,861

15,003

13,003

2,000

i) By India

1,997

783

1,214

973

1,505

-531

ii) To India

13,225

6,578

6,647

14,029

11,498

2,531

c) Short Term to India

41,765

43,750

-1,985

53,264

45,706

7,558

i) Suppliers’ Credit > 180 days & Buyers’ Credit

38,815

38,352

463

48,571

43,914

4,657

ii) Suppliers’ Credit up to 180 days

2,950

5,398

-2,448

4,693

1,792

2,901

3. Banking Capital (a+b)

65,207

68,453

-3,245

61,499

59,416

2,083

a) Commercial Banks

65,094

67,868

-2,774

60,893

58,966

1,927

i) Assets

25,823

28,725

-2,902

17,097

15,259

1,838

ii) Liabilities

39,270

39,142

128

43,796

43,707

88

of which: Non-Resident Deposits

37,147

32,858

4,290

41,355

38,433

2,922

b) Others

114

585

-471

606

449

157

4. Rupee Debt Service

–

100

-100

–

97

-97

5. Other Capital

16,685

22,602

-5,916

11,451

24,613

-13,162

Total Capital Account (1 to 5)

3,15,770

3,08,375

7,395

3,45,766

2,94,132

51,634

C.

Errors & Omissions

440

–

440

–

12

-12

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

6,73,030

6,93,109

-20,080

6,91,638

6,78,197

13,441

E.

Monetary Movements (i+ii)

20,080

–

20,080

–

13,441

-13,441

i) I.M.F.

–

–

–

–

–

–

ii) Foreign Exchange Reserves (Increase - / Decrease +)

20,080

–

20,080

–

13,441

-13,441

of which: SDR allocation

–

–

–

–

5,160

-5,160

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

A.

CURRENT ACCOUNT

I. MERCHANDISE

2,50,468

3,81,061

-1,30,593

3,09,774

4,99,533

-1,89,759

II. INVISIBLES (a+b+c)

1,98,248

1,13,600

84,647

2,19,229

1,07,625

1,11,604

a) Services

1,32,880

84,064

48,816

1,42,325

78,227

64,098

i) Travel

15,275

11,108

4,167

18,462

13,762

4,699

ii) Transportation

14,271

13,880

391

18,241

16,382

1,859

iii) Insurance

1,948

1,400

549

2,632

1,497

1,134

iv) G.n.i.e.

535

820

-285

478

780

-302

v) Miscellaneous

1,00,851

56,856

43,995

1,02,513

45,806

56,707

of which:

Software Services

55,460

2,194

53,265

62,212

1,256

60,957

Business Services

24,050

27,765

-3,715

25,910

26,788

-878

Financial Services

6,508

7,483

-975

5,967

7,984

-2,018

Communication Services

1,562

1,152

410

1,600

1,557

43

b) Transfers

56,265

3,125

53,140

66,761

3,267

63,494

i) Official

647

631

16

632

607

25

ii) Private

55,618

2,494

53,125

66,129

2,660

63,469

c) Income

9,102

26,412

-17,309

10,144

26,131

-15,988

i) Investment Income

7,986

24,384

-16,398

7,676

24,141

-16,465

ii) Compensation of Employees

1,116

2,028

-912

2,468

1,991

477

Total Current Account (I+II)

4,48,716

4,94,661

-45,945

5,29,003

6,07,158

-78,155

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

2,89,416

2,49,763

39,652

2,34,618

1,95,387

39,231

a) Foreign Direct Investment (i+ii)

35,464

26,104

9,360

49,007

26,947

22,061

i) In India

32,902

7,018

25,884

46,552

13,599

32,952

Equity

20,304

6,514

13,791

35,852

13,019

22,833

Reinvested Earnings

11,939

–

11,939

8,205

–

8,205

Other Capital

658

504

154

2,494

580

1,914

ii) Abroad

2,562

19,086

-16,524

2,456

13,348

-10,892

Equity

2,562

10,537

-7,975

2,456

6,330

-3,874

Reinvested Earnings

–

1,084

-1,084

–

1,208

-1,208

Other Capital

–

7,465

-7,465

–

5,809

-5,809

b) Portfolio Investment

2,53,952

2,23,660

30,293

1,85,610

1,68,440

17,170

i) In India

2,53,175

2,21,704

31,471

1,84,747

1,67,338

17,409

of which:

FIIs

2,51,125

2,21,704

29,422

1,84,150

1,67,338

16,812

ADR/GDRs

2,049

–

2,049

597

–

597

ii) Abroad

777

1,956

-1,179

863

1,102

-239

2. Loans (a+b+c)

1,07,726

79,289

28,437

1,40,990

1,21,683

19,307

a) External Assistance

7,882

2,941

4,941

5,646

3,350

2,296

i) By India

76

102

-26

70

226

-157

ii) To India

7,806

2,840

4,967

5,576

3,124

2,452

b) Commercial Borrowings

24,113

11,606

12,506

32,590

22,247

10,344

i) By India

1,840

1,513

328

3,669

2,465

1,204

ii) To India

22,272

10,094

12,179

28,922

19,782

9,140

c) Short Term to India

75,732

64,742

10,990

1,02,754

96,087

6,668

i) Suppliers’ Credit > 180 days & Buyers’ Credit

72,086

64,742

7,344

99,247

95,412

3,836

ii) Suppliers’ Credit up to 180 days

3,646

–

3,646

3,507

675

2,832

3. Banking Capital (a+b)

92,323

87,361

4,962

89,904

73,678

16,226

a) Commercial Banks

90,621

86,189

4,433

89,478

73,429

16,049

i) Assets

35,369

38,666

-3,297

13,635

14,228

-592

ii) Liabilities

55,252

47,523

7,730

75,842

59,201

16,641

of which: Non-Resident Deposits

49,252

46,014

3,238

64,287

52,370

11,918

b) Others

1,702

1,172

529

426

249

177

4. Rupee Debt Service

–

68

-68

–

79

-79

5. Other Capital

9,890

20,885

-10,994

13,296

20,224

-6,929

Total Capital Account (1 to 5)

4,99,355

4,37,366

61,989

4,78,808

4,11,052

67,755

C.

Errors & Omissions

–

2,993

-2,993

–

2,432

-2,432

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

9,48,071

9,35,021

13,050

10,07,811

10,20,643

-12,831

E.

Monetary Movements (i+ii)

–

13,050

-13,050

12,831

–

12,831

i) I.M.F.

–

–

–

–

–

–

ii) Foreign Exchange Reserves (Increase - / Decrease +)

–

13,050

-13,050

12,831

–

12,831

of which: SDR allocation

–

–

–

–

–

–

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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)

–

2,235

-2,235

4,734

–

4734

i) I.M.F.

–

–

–

–

–

–

ii) Foreign Exchange Reserves (Increase - / Decrease +)

–

2,235

-2,235

4,734

–

4734

of which: SDR allocation

–

–

–

–

–

–

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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)

17,881

–

17,881

–

300

-300

i) I.M.F.

–

–

–

–

–

–

ii) Foreign Exchange Reserves (Increase - / Decrease +)

17,881

–

17,881

–

300

-300

of which: SDR allocation

–

–

–

–

–

–

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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

–

–

–

–

–

–

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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

–

–

–

–

–

–

No. 41: India’s Overall Balance of Payments (Contd.)

(US$ million)

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