(` Billion)

A.

CURRENT ACCOUNT

I. MERCHANDISE

4,150

6,448

-2,298

3,516

5,528

-2,012

II. INVISIBLES (a+b+c)

2,922

1,520

1,403

2,329

1,101

1,228

a) Services

1,860

1,093

767

1,523

789

734

i) Travel

190

168

22

165

155

11

ii) Transportation

230

198

32

195

179

16

iii) Insurance

29

13

15

25

13

12

iv) G.n.i.e.

9

9

0

6

9

-3

v) Miscellaneous

1,403

705

698

1,131

433

698

of which:

Software Services

857

34

823

668

14

655

Business Services

412

419

-7

258

264

-6

Financial Services

71

78

-7

57

79

-22

Communication Services

23

6

17

16

19

-2

b) Transfers

946

45

901

695

38

657

i) Official

2

10

-8

2

6

-4

ii) Private

944

35

909

693

32

661

c) Income

116

381

-265

111

274

-162

i) Investment Income

78

355

-277

85

256

-171

ii) Compensation of Employees

38

26

11

26

18

8

Total Current Account (I+II)

7,072

7,968

-895

5,845

6,629

-784

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

2,374

2,248

125

2,953

2,426

527

a) Foreign Direct Investment (i+ii)

458

228

229

776

362

414

i) In India

411

75

336

758

204

554

Equity

265

56

209

601

189

412

Reinvested Earnings

124

0

124

92

–

92

Other Capital

22

19

3

65

15

50

ii) Abroad

47

153

-106

18

158

-140

Equity

47

71

-24

18

69

-51

Reinvested Earnings

0

16

-16

–

14

-14

Other Capital

0

66

-66

–

75

-75

b) Portfolio Investment

1,916

2,020

-104

2,177

2,064

114

i) In India

1,903

1,990

-87

2,173

2,050

123

of which:

FIIs

1,898

1,990

-92

2,161

2,050

111

ADR/GDRs

5

0

5

12

–

12

ii) Abroad

13

30

-17

4

14

-9

2. Loans (a+b+c)

2,004

1,670

334

1,439

1,150

289

a) External Assistance

30

40

-10

55

40

16

i) By India

1

4

-3

1

3

-2

ii) To India

29

36

-7

55

37

17

b) Commercial Borrowings

340

287

53

304

167

136

i) By India

58

51

7

15

14

1

ii) To India

282

237

46

288

153

136

c) Short Term to India

1,634

1,343

291

1,080

943

137

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

1,634

1,308

327

1,014

943

71

ii) Suppliers’ Credit up to 180 days

0

36

-36

66

–

66

3. Banking Capital (a+b)

1,481

970

510

1,286

720

566

a) Commercial Banks

1,480

965

515

1,285

719

566

i) Assets

432

144

288

485

205

280

ii) Liabilities

1,047

820

227

799

513

286

of which: Non-Resident Deposits

1,046

692

354

558

507

51

b) Others

1

6

-4

1

1

–

4. Rupee Debt Service

0

1

-1

–

1

-1

5. Other Capital

172

222

-50

75

387

-312

Total Capital Account (1 to 5)

6,031

5,113

918

5,753

4,684

1,070

C.

Errors & Omissions

6

0

6

–

42

-42

D.

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

13,109

13,081

28

11,598

11,355

243

E.

Monetary Movements (i+ii)

0

28

-28

–

243

-243

i) I.M.F.

-

-

-

–

–

–

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

0

28

-28

–

243

-243

of which: SDR allocation

–

–

–

–

–

–

P: Preliminary; PR: Partially Revised

No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

A.

CURRENT ACCOUNT

I. MERCHANDISE

3,642

5,680

-2,038

3,636

6,117

-2,481

II. INVISIBLES (a+b+c)

2,385

1,212

1,174

2,896

1,432

1,464

a) Services

1,494

854

641

1,913

1,089

823

i) Travel

194

162

32

258

180

78

ii) Transportation

206

166

40

240

226

13

iii) Insurance

29

19

9

41

22

18

iv) G.n.i.e.

7

8

-1

7

9

-2

v) Miscellaneous

1,059

499

560

1,367

651

716

of which:

Software Services

638

14

624

821

16

805

Business Services

280

291

-11

347

354

-7

Financial Services

72

97

-25

82

111

-29

Communication Services

18

14

4

23

17

6

b) Transfers

750

35

714

867

31

836

i) Official

6

7

-1

18

8

10

ii) Private

743

28

715

849

24

825

c) Income

141

323

-181

117

312

-195

i) Investment Income

109

301

-192

87

284

-197

ii) Compensation of Employees

33

21

11

30

28

2

Total Current Account (I+II)

6,027

6,892

-865

6,533

7,549

-1,016

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

2,527

2,285

242

2,536

2,186

349

a) Foreign Direct Investment (i+ii)

548

252

297

531

279

253

i) In India

532

98

434

480

130

350

Equity

419

92

327

364

128

236

Reinvested Earnings

94

–

94

104

–

104

Other Capital

18

6

13

12

2

10

ii) Abroad

17

154

-137

51

148

-97

Equity

17

75

-58

51

71

-20

Reinvested Earnings

–

14

-14

–

15

-15

Other Capital

–

65

-65

–

62

-62

b) Portfolio Investment

1,979

2,034

-55

2,004

1,907

97

i) In India

1,958

2,021

-63

1,994

1,895

99

of which:

FIIs

1,948

2,021

-73

1,990

1,895

95

ADR/GDRs

9

–

9

4

–

4

ii) Abroad

21

12

9

10

13

-2

2. Loans (a+b+c)

1,706

1,317

389

1,792

1,710

82

a) External Assistance

49

36

13

112

44

69

i) By India

1

3

-2

1

3

-2

ii) To India

49

34

15

112

41

71

b) Commercial Borrowings

448

204

244

399

415

-17

i) By India

51

21

30

72

46

26

ii) To India

397

182

215

327

369

-42

c) Short Term to India

1,209

1,077

131

1,281

1,251

29

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

1,150

1,077

73

1,281

1,217

64

ii) Suppliers’ Credit up to 180 days

58

–

58

–

34

-34

3. Banking Capital (a+b)

938

615

323

822

1,102

-279

a) Commercial Banks

922

615

307

822

1,095

-273

i) Assets

102

46

56

20

141

-121

ii) Liabilities

820

569

251

802

954

-152

of which: Non-Resident Deposits

691

563

128

800

630

169

b) Others

16

–

16

–

6

-6

4. Rupee Debt Service

–

–

–

–

–

–

5. Other Capital

217

275

-58

281

41

240

Total Capital Account (1 to 5)

5,388

4,492

896

5,430

5,039

391

C.

Errors & Omissions

–

18

-18

–

27

-27

D.

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

11,415

11,403

13

11,963

12,616

-653

E.

Monetary Movements (i+ii)

–

13

-13

653

–

653

i) I.M.F.

–

–

–

–

–

–

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

–

13

-13

653

–

653

of which: SDR allocation

–

–

–

–

–

–

No. 40: India’s Overall Balance of Payments (Concld.)

(` Billion)

A.

CURRENT ACCOUNT

I. MERCHANDISE

4,031

6,621

-2,590

14,825

23,946

-9,121

II. INVISIBLES (a+b+c)

2,925

1,429

1,496

10,535

5,173

5,362

a) Services

1,914

1,033

881

6,844

3,766

3,078

i) Travel

275

163

112

892

659

233

ii) Transportation

235

217

19

876

788

88

iii) Insurance

32

17

15

127

72

55

iv) G.n.i.e.

2

11

-8

23

37

-15

v) Miscellaneous

1,370

626

744

4,927

2,210

2,717

of which:

Software Services

865

17

848

2,992

60

2,932

Business Services

362

381

-19

1,247

1,290

-42

Financial Services

75

96

-20

287

383

-97

Communication Services

20

25

-5

77

75

2

b) Transfers

896

51

845

3,207

155

3,052

i) Official

5

8

-3

31

29

2

ii) Private

891

43

848

3,176

126

3,050

c) Income

114

344

-230

484

1,252

-768

i) Investment Income

85

315

-231

366

1,156

-790

ii) Compensation of Employees

29

29

1

118

96

22

Total Current Account (I+II)

6,955

8,050

-1,094

25,360

29,120

-3,760

B.

CAPITAL ACCOUNT

1. Foreign Investment (a+b)

3,196

2,428

768

11,212

9,325

1,887

a) Foreign Direct Investment (i+ii)

465

396

68

2,320

1,289

1,032

i) In India

430

218

212

2,200

650

1,550

Equity

307

214

92

1,691

624

1,068

Reinvested Earnings

103

–

103

393

–

393

Other Capital

21

4

16

116

27

89

ii) Abroad

34

178

-144

120

638

-518

Equity

34

89

-54

120

303

-183

Reinvested Earnings

–

15

-15

–

58

-58

Other Capital

–

74

-74

–

277

-277

b) Portfolio Investment

2,732

2,031

700

8,892

8,036

856

i) In India

2,726

2,017

709

8,851

7,983

867

of which:

FIIs

2,725

2,017

707

8823

7983

840

ADR/GDRs

2

–

2

28

–

28

ii) Abroad

6

14

-9

41

53

-12

2. Loans (a+b+c)

1,827

1,690

138

6,765

5,867

897

a) External Assistance

56

41

15

274

161

113

i) By India

1

3

-2

3

11

-8

ii) To India

55

38

17

270

150

121

b) Commercial Borrowings

412

297

115

1,562

1,083

479

i) By India

41

39

2

178

121

58

ii) To India

371

258

113

1,383

962

421

c) Short Term to India

1,359

1,352

8

4,929

4,624

306

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

1,322

1,352

-30

4,767

4,589

178

ii) Suppliers’ Credit up to 180 days

38

–

38

162

34

128

3. Banking Capital (a+b)

1,232

1,131

101

4,278

3,568

710

a) Commercial Banks

1,229

1,127

103

4,259

3,556

703

i) Assets

8

294

-286

615

687

-72

ii) Liabilities

1,221

832

389

3,643

2,869

774

of which: Non-Resident Deposits

1,056

822

234

3,105

2,523

582

b) Others

2

5

-2

20

12

7

4. Rupee Debt Service

–

2

-2

–

4

-4

5. Other Capital

69

239

-170

641

942

-301

Total Capital Account (1 to 5)

6,325

5,491

834

22,896

19,706

3,190

C.

Errors & Omissions

–

28

-28

–

116

-116

D.

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

13,280

13,568

-288

48,256

48,941

-685

E.

Monetary Movements (i+ii)

288

–

288

685

–

685

i) I.M.F.

–

–

–

–

–

–

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

288

–

288

685

–

685

of which: SDR allocation

–

–

–

–

–

–