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Date : Oct 01, 2007

Table 144 : India’s Overall Balance of Payments – US Dollars

(US $ million)
Item				1990-91			1991-92			1992-93
				Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1				2	3	4	5	6	7	8	9	10
A. Current account
	1.	Merchandise		18477	27915	-9438	18266	21064	-2798	18869	24316	-5447
	2.	Invisibles (a+b+c)		7464	7706	-242	9502	7882	1620	9334	7413	1921
		a)	Services	4551	3571	980	5022	3815	1207	4730	3601	1129
			i) Travel	1456	392	1064	1977	465	1512	2098	385	1713
			ii) Transportation	983	1093	-110	939	1288	-349	982	1485	-503
			iii) Insurance	111	88	23	108	126	-18	158	146	12
			iv) G.n.i.e.	15	173	-158	17	120	-103	75	100	-25
			v) Miscellaneous	1986	1825	161	1981	1816	165	1417	1485	-68
		b)	Transfers	2545	15	2530	4258	16	4242	4228	13	4215
			i) Official	462	1	461	460	1	459	364	1	363
			ii) Private	2083	14	2069	3798	15	3783	3864	12	3852
		c)	Income	368	4120	-3752	222	4051	-3829	376	3799	-3423
	Total current account (1+2)			25941	35621	-9680	27768	28946	-1178	28203	31729	-3526
B.	Capital account
	1.	Foreign investment (a+b)		113	10	103	151	18	133	589	32	557
		a)	In India	113	10	103	151	18	133	589	32	557
			i) Direct	107	10	97	147	18	129	345	30	315
			ii) Portfolio	6	0	6	4	0	4	244	2	242
		b)	Abroad	-	-	-	-	-	-	-	-	-
	2.	Loans (a+b+c)		9432	3899	5533	9419	5437	3982	8671	8260	411
		a)	External assistance	3397	1193	2204	4367	1333	3034	3302	1446	1856
			i) By India	0	6	-6	0	5	-5	0	3	-3
			ii) To India	3397	1187	2210	4367	1328	3039	3302	1443	1859

		b)	Commercial borrowings	4282	2028	2254	3152	1690	1462	1179	1545	-366
			(MT & LT)
			i) By India	30	24	6	19	13	6	12	20	-8
			ii) To India	4252	2004	2248	3133	1677	1456	1167	1525	-358
		c)	Short term to India	1753	678	1075	1900	2414	-514	4190	5269	-1079
	3.	Banking capital (a+b)		10106	9424	682	10961	10394	567	11998	8172	3826
		a)	Commercial banks	7960	7056	904	9068	8930	138	10653	7723	2930
			i) Assets	425	789	-364	1336	1107	229	1234	161	1073
			ii) Liabilities	7535	6267	1268	7732	7823	-91	9419	7562	1857
			of which:
			Non-resident deposits	7348	5811	1537	7696	7406	290	9188	7187	2001
		b)	Others	2146	2368	-222	1893	1464	429	1345	449	896
	4.	Rupee debt service		0	1193	-1193	0	1240	-1240	0	878	-878
	5.	Other capital		3117	1186	1931	2808	2335	473	1359	1399	-40
	Total capital account (1 to 5)			22768	15712	7056	23339	19424	3915	22617	18741	3876
C.	Errors & omissions			132	0	132	0	138	-138	0	940	-940
D.	Overall balance (A+B+C)			48841	51333	-2492	51107	48508	2599	50820	51410	-590
E.	Monetary movements (i+ii)			3136	644	2492	1245	3844	-2599	1623	1033	590
	i)	I.M.F.		1858	644	1214	1245	460	785	1623	335	1288
	ii)	Foreign exchange reserves		1278	0	1278	0	3384	-3384	0	698	-698
		(Increase - / Decrease +)
(Continued)

(US $ million)
Item				1993-94			1994-95			1995-96			1996-97
			Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1			11	12	13	14	15	16	17	18	19	20	21	22
A. Current account
1.	Merchandise		22683	26739	-4056	26855	35904	-9049	32310	43670	-11359	34133	48948	-14815
2.	Invisibles (a+b+c)		11319	8422	2897	15554	9874	5680	17664	12217	5447	21405	11209	10196
	a)	Services	5264	4730	534	6135	5533	602	7344	7544	-200	7474	6748	726
		i) Travel	2222	497	1725	2365	818	1547	2712	1168	1544	2878	858	2020
		ii Transportation	1433	1765	-332	1696	1863	-167	2011	2169	-158	1953	2394	-441
		iii) Insurance	124	196	-72	152	181	-29	179	143	36	217	153	64
		iv) G.n.i.e.	30	153	-123	10	165	-155	13	218	-205	72	178	-106
		v) Miscellaneous	1455	2119	-664	1912	2506	-594	2430	3847	-1417	2354	3165	-811
	b)	Transfers	5660	27	5633	8533	24	8509	8891	39	8852	12858	81	12777
		i) Official	374	5	369	421	5	416	351	6	345	423	13	410
		ii) Private	5286	22	5264	8112	19	8093	8540	32	8507	12435	68	12367
	c)	Income	395	3665	-3270	886	4317	-3431	1430	4634	-3205	1073	4380	-3307
Total current account (1+2)			34002	35161	-1159	42409	45778	-3369	49974	55886	-5912	55538	60157	-4619
B. Capital account
1.	Foreign investment (a+b)		4609	376	4233	5763	956	4807	5644	1029	4615	7825	1861	5964
	a)	In India	4609	376	4233	5753	831	4922	5629	826	4804	7817	1663	6154
		i) Direct	651	65	586	1351	8	1343	2174	30	2143	2864	22	2842
		ii) Portfolio	3958	311	3647	4402	823	3579	3456	795	2660	4953	1641	3312
	b)	Abroad	0	0	0	10	125	-115	15	203	-188	8	198	-190
2.	Loans (a+b+c)		9970	8158	1812	10930	7895	3035	11331	9132	2200	17720	12925	4795
	a)	External assistance	3475	1580	1895	3193	1675	1518	2933	2066	868	3056	1955	1101
		i) By India	0	6	-6	2	10	-8	0	17	-17	0	8	-8
		ii) To India	3475	1574	1901	3191	1665	1526	2933	2049	884	3056	1947	1109
	b)	Commercial borrowings	3015	2329	686	4249	3125	1124	4261	2977	1284	7579	4723	2856
		(MT & LT)
		i) By India	102	24	78	97	3	94	9	0	9	8	0	8
		ii) To India	2913	2305	608	4152	3122	1030	4252	2977	1275	7571	4723	2848
	c)	Short term to India	3480	4249	-769	3488	3095	393	4137	4089	48	7085	6247	838
3.	Banking capital (a+b)		11501	9237	2264	7020	7354	-334	6453	5690	763	8018	5789	2229
	a)	Commercial banks	10614	8956	1658	6449	7075	-626	6172	5234	938	7632	5407	2225
		i) Assets	276	1120	-844	241	1203	-962	867	1252	-385	755	1625	-870
		ii) Liabilities	10338	7836	2502	6208	5872	336	5304	3982	1322	6877	3782	3095
		of which:
		Non-resident deposits	8851	7644	1207	5805	5633	172	4929	3824	1104	6775	3425	3350
	b)	Others	887	281	606	571	279	292	281	456	-175	386	382	4
4. Rupee debt service			0	1054	-1054	0	983	-983	0	952	-952	0	727	-727
5. Other capital			2873	1234	1639	2202	225	1977	748	3285	-2537	2629	2883	-254

Total capital account (1 to 5)			28953	20059	8894	25915	17413	8502	24176	20087	4089	36192	24185	12007
C. Errors & omissions			800	0	800	654	0	654	601	0	601	0	595	-595
D. Overall balance (A+B+C)			63755	55220	8535	68978	63191	5787	74752	75974	-1222	91730	84937	6793
E. Monetary movements (i+ii)			321	8856	-8535	0	5787	-5787	2937	1715	1222	0	6793	-6793
i)	I.M.F.		321	133	188	0	1143	-1143	0	1715	-1715	0	975	-975
ii)	Foreign exchange reserves		0	8723	-8723	0	4644	-4644	2937	0	2937	0	5818	-5818
(Increase - / Decrease +)

(US $ million)
Item					1997-98			1998-99			1999-2000
				Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1				23	24	25	26	27	28	29	30	31
A. Current account
1.	Merchandise			35680	51187	-15507	34298	47544	-13246	37542	55383	-17841
2.	Invisibles (a+b+c)			23244	13236	10008	25770	16562	9208	30312	17169	13143
	a)	Services		9429	8110	1319	13186	11021	2165	15709	11645	4064
		i) Travel		2914	1437	1477	2993	1743	1250	3036	2139	897
		ii) Transportation		1836	2522	-686	1925	2680	-755	1707	2410	-703
		iii) Insurance		240	183	57	224	112	112	231	122	109
		iv) G.n.i.e.		276	160	116	597	325	272	582	270	312
		v) Miscellaneous		4163	3808	355	7447	6161	1286	10153	6704	3449
	b)	Transfers		12254	45	12209	10649	62	10587	12672	34	12638
		i) Official		379	0	379	308	1	307	382	0	382
		ii) Private		11875	45	11830	10341	61	10280	12290	34	12256
	c)	Income		1561	5081	-3520	1935	5479	-3544	1931	5490	-3559
		i) Investment	income	1561	5020	-3459	1893	5462	-3569	1783	5478	-3695
		ii) Compensation of employees		0	61	-61	42	17	25	148	12	136
Total current account (1+2)				58924	64423	-5499	60068	64106	-4038	67854	72552	-4698
B. Capital account
1.	Foreign investment (a+b)			9266	3913	5353	5892	3580	2312	12240	7123	5117
	a)	In India		9169	3779	5390	5743	3331	2412	12121	6930	5191
		i) Direct		3596	34	3562	2518	38	2480	2170	3	2167
		ii) Portfollo		5573	3745	1828	3225	3293	-68	9951	6927	3024
	b)	Abroad		97	134	-37	149	249	-100	119	193	-74
2.	Loans (a+b+c)			17301	12502	4799	14771	10353	4418	13060	11459	1601
	a)	External assistance		2885	2000	885	2726	1927	799	3074	2183	891
		i) By India		0	22	-22	0	21	-21	0	10	-10
		ii) To India		2885	1978	907	2726	1906	820	3074	2173	901
	b)	Commercial borrowings		7382	3372	4010	7231	2864	4367	3207	2874	333
		(MT & LT)
		i) By India		11	0	11	5	0	5	20	0	20
		ii) To India		7371	3372	3999	7226	2864	4362	3187	2874	313
	c)	Short term to India		7034	7130	-96	4814	5562	-748	6779	6402	377
3.	Banking capital (a+b)			8910	9803	-893	8898	8199	699	10659	8532	2127
	a)	Commercial banks		8164	9424	-1260	7469	7916	-447	10259	7955	2304
		i) Assets		580	2775	-2195	1344	2741	-1397	2653	1863	790
		ii) Liabilities		7584	6649	935	6125	5175	950	7606	6092	1514
		of which :
		Non-resident deposits		7532	6407	1125	6001	5040	961	7405	5865	1540
	b)	Others		746	379	367	1429	283	1146	400	577	-177

4.	Rupee debt service			0	767	-767	0	802	-802	0	711	-711
5.	Other capital			3815	2463	1352	4611	2801	1810	4572	2262	2310
Total capital account (1 to 5)				39292	29448	9844	34172	25735	8437	40531	30087	10444
C. Errors & omissions				166	0	166	0	177	-177	656	0	656
D. Overall balance (A+B+C)				98382	93871	4511	94240	90018	4222	109041	102639	6402
E. Monetary movements (i+ii)				0	4511	-4511	0	4222	-4222	0	6402	-6402
i)	I.M.F.			0	618	-618	0	393	-393	0	260	-260
ii)	Foreign exchange reserves			0	3893	-3893	0	3829	-3829	0	6142	-6142
	(Increase -/ Decrease +)

US DOLLARS (Contd.)
(US $ million)
Item						2000-01			2001-02			2002-03
					Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1					32	33	34	35	36	37	38	39	40
A. Current account
1.	Merchandise				45452	57912	-12460	44703	56277	-11574	53774	64464	-10690
2.	Invisibles (a+b+c)				32267	22473	9794	36737	21763	14974	41925	24890	17035
	a)	Services			16268	14576	1692	17140	13816	3324	20763	17120	3643
		i)	Travel		3497	2804	693	3137	3014	123	3312	3341	-29
		ii)	Transportation		2046	3558	-1512	2161	3467	-1306	2536	3272	-736
		iii)	Insurance		270	223	47	288	280	8	369	350	19
		iv)	G.n.i.e.		651	319	332	518	283	235	293	228	65
		v)	Miscellaneous		9804	7672	2132	11036	6772	4264	14253	9929	4324
			of which: Software services		6341	591	5750	7556	672	6884	9600	737	8863
	b)	Transfers			13317	211	13106	16218	362	15856	17640	802	16838
		i)	Official		252	0	252	458	0	458	451	0	451
		ii)	Private		13065	211	12854	15760	362	15398	17189	802	16387
	c)	Income			2682	7686	-5004	3379	7585	-4206	3522	6968	-3446
		i)	Investment	income	2554	7218	-4664	3254	7098	-3844	3405	6949	-3544
		ii)	Compensation of employees		128	468	-340	125	487	-362	117	19	98
Total Current account (1+2)					77719	80385	-2666	81440	78040	3400	95699	89354	6345
B. Capital account
1.	Foreign investment (a+b)				17720	11858	5862	15488	8802	6686	14001	9840	4161
	a)	Foreign direct Investment (i + ii)			4101	829	3272	6229	1495	4734	5168	1951	3217
		i)	In India		4031	0	4031	6130	5	6125	5095	59	5036
			Equity		2399	0	2399	4096	5	4091	2825	59	2766
			Reinvested	earnings	1352	0	1352	1644	0	1644	1832	0	1832
			Other capital		280	0	280	390	0	390	438	0	438
		ii)	Abroad		70	829	-759	99	1490	-1391	73	1892	-1819
			Equity		70	414	-344	99	669	-570	73	684	-611
			Reinvested	earnings	0	340	-340	0	700	-700	0	1104	-1104
			Other capital		0	75	-75	0	121	-121	0	104	-104
	b)	Portfolio investment			13619	11029	2590	9259	7307	1952	8833	7889	944
		In India			13619	10859	2760	9259	7238	2021	8833	7854	979
		Abroad			0	170	-170	0	69	-69	0	35	-35
2.	Loans (a+b+c)				23806	18542	5264	11601	12862	-1261	11568	15418	-3850
	a)	External assistance			2941	2531	410	3352	2235	1117	2878	6006	-3128
		i)	By India		0	17	-17	0	87	-87	0	32	-32
		ii)	To India		2941	2514	427	3352	2148	1204	2878	5974	-3096
	b)	Commercial borrowings			9621	5318	4303	2687	4272	-1585	3514	5206	-1692
		(MT & LT)
		i)	By India		0	5	-5	3	0	3	9	0	9
		ii)	To India		9621	5313	4308	2684	4272	-1588	3505	5206	-1701
	c)	Short term to India			11244	10693	551	5562	6355	-793	5176	4206	970

3.	Banking capital (a+b)				9744	11705	-1961	13870	11006	2864	18958	8533	10425
	a)	Commercial banks			9423	11305	-1882	13385	10725	2660	18422	8287	10135
		i)	Assets		206	4380	-4174	1267	1711	-444	6089	976	5113
		ii)	Liabilities		9217	6925	2292	12118	9014	3104	12333	7311	5022
			of which:
			Non-resident deposits		8988	6672	2316	11435	8681	2754	10214	7236	2978
	b)	Others			321	400	-79	485	281	204	536	246	290

4.	Rupee debt service				0	617	-617	0	519	-519	0	474	-474

5.	Other capital				2856	2564	292	2298	1517	781	1841	1263	578

Total capital account (1 to 5)					54126	45286	8840	43257	34706	8551	46368	35528	10840

C. Errors & omissions					0	305	-305	0	194	-194	0	200	-200

D. Overall balance (A+B+C)					131845	125976	5868	124697	112940	11757	142067	125082	16985

E. Monetary movements (i+ii)					1448	7316	-5868	0	11757	-11757	0	16985	-16985
i)	I.M.F.				0	26	-26	0	0	0	0	0	0
ii)	Foreign exchange reserves				1448	7290	-5842	0	11757	-11757	0	16985	-16985
	(Increase - / Decrease +)

(US $ million)
Item					2003-04			2004-05			2005-06 PR			2006-07 P
				Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1				41	42	43	44	45	46	47	48	49	50	51	52
A. Current account
1.	Merchandise			66285	80003	-13718	85206	118908	-33702	105152	156993	-51841	127090	191995	-64905
2.	Invisibles (a+b+c)			53508	25707	27801	69533	38301	31232	92294	49639	42655	119163	63867	55296
	a)	Services		26868	16724	10144	43249	27823	15426	61404	37523	23881	81330	48603	32727
		i)	Travel	5037	3602	1435	6666	5249	1417	7853	6464	1389	9423	7235	2188
		ii)	Transportation	3207	2328	879	4683	4539	144	6291	7841	-1550	8069	8857	-788
		iii)	Insurance	419	363	56	870	722	148	1050	1028	22	1200	641	559
		iv)	G.n.i.e.	240	212	28	401	411	-10	309	506	-197	273	417	-144
		v)	Miscellaneous	17965	10219	7746	30629	16902	13727	45901	21684	24217	62365	31453	30912
			of which: Software services	12800	476	12324	17700	800	16900	23600	1338	22262	31300	2502	28798
			Business services	.	.	.	5167	7318	-2151	12858	10496	2362	23459	20200	3259
			Financial services	.	.	.	512	832	-320	1704	1308	396	3213	1832	1381
			Communication services	.	.	.	1384	738	646	2182	808	1374	2068	719	1349
	b)	Transfers		22736	574	22162	21691	906	20785	25228	944	24284	28861	1446	27415
		i)	Official	554	0	554	616	356	260	668	486	182	638	418	220
		ii)	Private	22182	574	21608	21075	550	20525	24560	458	24102	28223	1028	27195
	c)	Income		3904	8409	-4505	4593	9572	-4979	5662	11172	-5510	8972	13818	-4846
		i)	Investment income	3774	7531	-3757	4124	8219	-4095	5486	10407	-4921	8574	12856	-4282
		ii)	Compensation of employees	130	878	-748	469	1353	-884	176	765	-589	398	962	-564
Total Current account (1+2)				119793	105710	14083	154739	157209	-2470	197446	206632	-9186	246253	255862	-9609
B. Capital account
1.	Foreign investment (a+b)			32682	18938	13744	46934	33934	13000	76061	58837	17224	130035	114536	15499
	a)	Foreign direct Investment (i+ii)		4464	2076	2388	6087	2374	3713	7941	3211	4730	20414	11977	8437
		i)	In India	4322	0	4322	6052	65	5987	7722	61	7661	19531	89	19442
			Equity	2229	0	2229	3779	65	3714	5820	61	5759	16065	89	15976
			Reinvested earnings	1460	0	1460	1904	0	1904	1676	0	1676	2936	0	2936
			Other capital	633	0	633	369	0	369	226	0	226	530	0	530
		ii)	Abroad	142	2076	-1934	35	2309	-2274	219	3150	-2931	883	11888	-11005
			Equity	142	1264	-1122	35	1672	-1637	219	2060	-1841	883	10281	-9398
			Reinvested earnings	0	552	-552	0	248	-248	0	364	-364	0	736	-736
			Other capital	0	260	-260	0	389	-389	0	726	-726	0	871	-871
	b)	Portfolio investment		28218	16862	11356	40847	31560	9287	68120	55626	12494	109621	102559	7062
		In India		28218	16862	11356	40847	31536	9311	68120	55626	12494	109532	102528	7004
		Abroad		0	0	0	0	24	-24	0	0	0	89	31	58

2.	Loans (a+b+c)			19667	24031	-4364	30287	19378	10909	37529	31416	6113	50469	29340	21129
	a)	External assistance		3350	6208	-2858	3809	1886	1923	3627	1945	1682	3728	1958	1770
		i)	By India	24	128	-104	24	128	-104	20	104	-84	16	36	-20
		ii)	To India	3326	6080	-2754	3785	1758	2027	3607	1841	1766	3712	1922	1790
	b)	Commercial borrowings		5228	8153	-2925	9084	3890	5194	14547	11824	2723	21291	5207	16084
		(MT & LT)
		i)	By India	3	0	3	0	232	-232	0	240	-240	652	971	-319
		ii)	To India	5225	8153	-2928	9084	3658	5426	14547	11584	2963	20639	4236	16403
	c)	Short term to India		11089	9670	1419	17394	13602	3792	19355	17647	1708	25450	22175	3275

3.	Banking capital (a+b)			19222	13189	6033	14581	10707	3874	21658	20285	1373	36768	34681	2087
	a)	Commercial banks		18887	12386	6501	14304	10325	3979	20586	20144	442	36358	34603	1755
		i)	Assets	950	161	789	505	552	-47	772	3947	-3175	14466	17361	-2895
		ii)	Liabilities	17937	12225	5712	13799	9773	4026	19814	16197	3617	21892	17242	4650
			of which:
			Non-resident deposits	14281	10639	3642	8071	9035	-964	17835	15046	2789	19473	15578	3895
	b)	Others		335	803	-468	277	382	-105	1072	141	931	410	78	332

4.	Rupee debt service			0	376	-376	0	417	-417	0	572	-572	0	162	-162

5.	Other capital			4314	2615	1699	6737	6081	656	6505	7243	-738	10129	3738	6391

Total capital account (1 to 5)				75885	59149	16736	98539	70517	28022	141753	118353	23400	227401	182457	44944

C. Errors & omissions				602	0	602	607	0	607	838	0	838	1271	0	1271

D. Overall balance (A+B+C)				196280	164859	31421	253885	227726	26159	340037	324985	15052	474925	438319	36606

E. Monetary movements (i+ii)				0	31421	-31421	0	26159	-26159	0	15052	-15052	0	36606	-36606
i)	I.M.F.			0	0	0	0	0	0	0	0	0	0	0	0
ii)	Foreign exchange reserves			0	31421	-31421	0	26159	-26159	0	15052	-15052	0	36606	-36606
(Increase - / Decrease +) PR : Partially Revised. P : Preliminary. Also see Notes on Tables.