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Date : Mar 28, 2000

India's Balance of Payments in US Dollars

								(US $ Million)
		Apr-Jun 1999PR			Jul-Sept 1999			Oct-Dec. 1999

	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net

1	17	18	19	20	21	22	23	24	25
A.CURRENT ACCOUNT
I. MERCHANDISE	8148	12305	-4157	9660	13034	-3374	10172	13976	-3804

II.INVISIBLES (a+b+c)	6343	4192	2151	6765	4843	1922	7508	4333	3175

a) Services	3076	2915	161	3191	3316	-125	3737	3070	667

i) Travel	671	556	115	662	520	142	809	552	257
ii) Transportation	361	522	-161	475	716	-241	430	642	-212
iii) Insurance	48	27	21	62	18	44	70	41	29
iv) G.n.i.e.	154	71	83	105	69	36	162	61	101
v) Miscellaneous	1842	1739	103	1887	1993	-106	2266	1774	492

b) Transfers	2808	7	2801	3095	11	3084	3306	8	3298

vi) Official	57	0	57	66	0	66	126	0	126
vii) Private	2751	7	2744	3029	11	3018	3180	8	3172

c) Income	459	1270	-811	479	1516	-1037	465	1255	-790
I) Investment Income	442	1267	-825	426	1510	-1084	429	1255	-826
II)Compensation of employees	17	3	14	53	6	47	36	0	36

Total Current Account	14491	16497	-2006	16425	17877	-1452	17680	18309	-629
(I+II)

B.CAPITAL ACCOUNT
1. Foreign Investment	2004	664	1340	2915	1849	1066	2542	1803	739
(a+b)
a) In India	1996	645	1351	2904	1806	1098	2468	1722	746
i. Direct	454	2	452	649	1	648	400	0	400
ii. Portfolio	1542	643	899	2255	1805	450	2068	1722	346
b) Abroad	8	19	-11	11	43	-32	74	81	-7

2. Loans	2628	2487	141	3283	3016	267	2913	2730	183
(a+b+c)
a) External Assistance	440	459	-19	718	591	127	929	577	352
i) By India	0	2	-2	0	3	-3	0	4	-4
ii) To India	440	457	-17	718	588	130	929	573	356

b) Commercial Borrowings	627	631	-4	957	885	72	601	787	-186
(MT & LT)
i) By India	6	0	6	0	0	0	14	0	14
ii) To India	621	631	-10	957	885	72	587	787	-200

c) Short Term
To India	1561	1397	164	1608	1540	68	1383	1366	17

3. Banking Capital	3107	1852	1255	2256	2099	157	3397	2132	1265
(a+b)
a) Commercial Banks	2714	1849	865	2255	1896	359	3394	1841	1553
i) Assets	708	404	304	558	573	-15	1256	320	936
ii) Liabilities	14	64	-50	58	5	53	84	25	59
iii) Non-Resident Deposits	1992	1381	611	1639	1318	321	2054	1496	558
b) Others	393	3	390	1	203	-202	3	291	-288

4. Rupee Debt Service	0	518	-518	0	3	-3	0	49	-49

5. Other Capital	1141	542	599	579	684	-105	599	566	33

Total Capital Account	8880	6063	2817	9033	7651	1382	9451	7280	2171
(1....5)

C. Errors & Omissions	647	0	647	0	443	-443	560	0	560

D. Overall Balance	24018	22560	1458	25458	25971	-513	27691	25589	2102
(Total Capital Account,
Current Account and
Errors & Omissions (A+B+C)

E. Monetary Movements	0	1458	-1458	591	78	513	0	2102	-2102
(i+ii+iii)
i) I.M.F.	0	78	-78	0	78	-78	0	78	-78
iii) Foreign Exchange Reserves	0	1380	-1380	591	0	591	0	2024	-2024
( Increase - / Decrease +)

PR: Partialy Revised.