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India's Overall Balance of Payments : October-December 2004

Date : Mar 31, 2005

STATEMENT I : INDIA'S OVERALL BALANCE OF PAYMENTS IN RUPEES

(Rs. crore)
	Apr-Jun 2004 PR			Jul-Sep 2004 PR			Oct-Dec 2004 P			Apr-Dec 2004 P
Item	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1	2	3	4	5	6	7	8	9	10	11	12	13
A.CURRENT ACCOUNT
I. MERCHANDISE	80095	110225	-30130	87125	132565	-45440	93387	146447	-53060	260607	389237	-128630
II.INVISIBLES (a+b+c)	82397	42422	39975	72695	46063	26632	82955	54490	28465	238047	142975	95072
a) Services	49323	33034	16289	44423	34920	9503	54656	43848	10808	148402	111802	36600
i) Travel	3861	5459	-1598	4865	6315	-1450	5373	6992	-1619	14099	18766	-4667
ii) Transportation	5527	4283	1244	4473	4925	-452	5319	6250	-931	15319	15458	-139
iii) Insurance	1464	1347	117	951	623	328	1506	1075	431	3921	3045	876
iv) G.n.i.e.	772	296	476	369	268	101	585	328	257	1726	892	834
v) Miscellaneous	37699	21649	16050	33765	22789	10976	41873	29203	12670	113337	73641	39696
of which : Software Services	17918	561	17357	19138	577	18561	20543	1048	19495	57599	2186	55413
b) Transfers	28073	404	27669	22581	512	22069	22539	490	22049	73193	1406	71787
i) Official	386	31	355	822	9	813	611	63	548	1819	103	1716
ii) Private	27687	373	27314	21759	503	21256	21928	427	21501	71374	1303	70071
c) Income	5001	8984	-3983	5691	10631	-4940	5760	10152	-4392	16452	29767	-13315
i) Investment Income	4826	7772	-2946	5576	9306	-3730	5634	8475	-2841	16036	25553	-9517
ii) Compensation of Employees	175	1212	-1037	115	1325	-1210	126	1677	-1551	416	4214	-3798
Total Current Account	162492	152647	9845	159820	178628	-18808	176342	200937	-24595	498654	532212	-33558
(I+II)
B. CAPITAL ACCOUNT
1. Foreign Investment	41672	38077	3595	41286	34781	6505	59098	36285	22813	142056	109143	32913
(a+b)
a) Foreign Direct Investment (i+ii)	5881	2649	3232	7197	2677	4520	5449	3269	2180	18527	8595	9932
i. In India	5881	13	5868	7197	32	7165	5449	0	5449	18527	45	18482
Equity	3780	13	3767	5004	32	4972	3345	0	3345	12129	45	12084
Reinvested Earnings	2038	0	2038	2096	0	2096	2041	0	2041	6175	0	6175
Other Capital	63	0	63	97	0	97	63	0	63	223	0	223
ii. Abroad	0	2636	-2636	0	2645	-2645	0	3269	-3269	0	8550	-8550
Equity	0	1769	-1769	0	1643	-1643	0	1700	-1700	0	5112	-5112
Reinvested Earnings	0	786	-786	0	808	-808	0	787	-787	0	2381	-2381
Other Capital	0	81	-81	0	194	-194	0	782	-782	0	1057	-1057
b) Portfolio Investment	35791	35428	363	34089	32104	1985	53649	33016	20633	123529	100548	22981
In India	35791	35428	363	34089	32104	1985	53649	33016	20633	123529	100548	22981
Abroad	0	0	0	0	0	0	0	0	0	0	0	0
2.Loans	31535	17025	14510	29519	22830	6689	37404	24221	13183	98458	64076	34382
(a+b+c)
a) External Assistance	2263	1940	323	2917	1569	1348	4199	2563	1636	9379	6072	3307
i) By India	0	0	0	0	0	0	0	0	0	0	0	0
ii) To India	2263	1940	323	2917	1569	1348	4199	2563	1636	9379	6072	3307
b) Commercial Borrowings	10564	4346	6218	10331	5858	4473	11515	3453	8062	32410	13657	18753
(MT & LT)
i) By India	754	157	597	1191	222	969	2032	877	1155	3977	1256	2721
ii) To India	9810	4189	5621	9140	5636	3504	9483	2576	6907	28433	12401	16032
c) Short Term
To India	18708	10739	7969	16271	15403	868	21690	18205	3485	56669	44347	12322
3. Banking Capital	19466	14556	4910	15205	19830	-4625	16416	9015	7401	51087	43401	7686
(a+b)
a) Commercial Banks	18344	13779	4565	15205	19701	-4496	16416	8732	7684	49965	42212	7753
i) Assets	4009	162	3847	2770	6176	-3406	7576	5724	1852	14355	12062	2293
ii) Total Liabilities	14335	13617	718	12435	13525	-1090	8840	3008	5832	35610	30150	5460
of which: Non-Resident Deposits	8755	12284	-3529	10173	12698	-2525	2423	2176	247	21351	27158	-5807
b) Others	1122	777	345	0	129	-129	0	283	-283	1122	1189	-67
4. Rupee Debt Service	0	1244	-1244	0	9	-9	0	81	-81	0	1334	-1334
5. Other Capital	9388	8041	1347	8867	2229	6638	13089	1416	11673	31344	11686	19658
Total Capital Account	102061	78943	23118	94877	79679	15198	126007	71018	54989	322945	229640	93305
(1 to 5)
C. Errors & Omissions	817	0	817	684	0	684	0	746	-746	755	0	755
D. Overall Balance	265370	231590	33780	255381	258307	-2926	302349	272701	29648	822354	761852	60502
(Total Capital Account,
Current Account and
Errors & Omissions (A+B+C))
E. Monetary Movements	0	33780	-33780	2926	0	2926	0	29648	-29648	0	60502	-60502
(i+ii)
i) I.M.F.	0	0	0	0	0	0	0	0	0	0	0	0
ii) Foreign Exchange Reserves	0	33780	-33780	2926	0	2926	0	29648	-29648	0	60502	-60502
( Increase - / Decrease +)

STATEMENT II: INDIA'S OVERALL BALANCE OF PAYMENTS IN DOLLARS ( Concld.)

(US $ million)
	April-June 2004 PR			Jul-Sep 2004 PR			Oct-Dec 2004 P			Apr-Dec 2004
Item	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1	2	3	4	5	6	7	8	9	10	11	12	13
A.CURRENT ACCOUNT
I. MERCHANDISE	17840	24551	-6711	18875	28719	-9844	20770	32571	-11801	57485	85841	-28356
II.INVISIBLES (a+b+c)	18353	9449	8904	15749	9979	5770	18450	12119	6331	52552	31547	21005
a) Services	10986	7358	3628	9624	7565	2059	12156	9752	2404	32766	24675	8091
i) Travel	860	1216	-356	1054	1368	-314	1195	1555	-360	3109	4139	-1030
ii) Transportation	1231	954	277	969	1067	-98	1183	1390	-207	3383	3411	-28
iii) Insurance	326	300	26	206	135	71	335	239	96	867	674	193
iv) G.n.i.e.	172	66	106	80	58	22	130	73	57	382	197	185
v) Miscellaneous	8397	4822	3575	7315	4937	2378	9313	6495	2818	25025	16254	8771
of which : Software Services	3991	125	3866	4146	125	4021	4569	233	4336	12706	483	12223
b) Transfers	6253	90	6163	4892	111	4781	5013	109	4904	16158	310	15848
i) Official	86	7	79	178	2	176	136	14	122	400	23	377
ii) Private	6167	83	6084	4714	109	4605	4877	95	4782	15758	287	15471
c) Income	1114	2001	-887	1233	2303	-1070	1281	2258	-977	3628	6562	-2934
i) Investment Income	1075	1731	-656	1208	2016	-808	1253	1885	-632	3536	5632	-2096
ii) Compensation of Employees	39	270	-231	25	287	-262	28	373	-345	92	930	-838
Total Current Account	36193	34000	2193	34624	38698	-4074	39220	44690	-5470	110037	117388	-7351
(I+II)
B. CAPITAL ACCOUNT
1. Foreign Investment	9282	8481	801	8944	7535	1409	13144	8070	5074	31370	24086	7284
(a+b)
a) Foreign Direct Investment (i+ii)	1310	590	720	1559	580	979	1212	727	485	4081	1897	2184
i. In India	1310	3	1307	1559	7	1552	1212	0	1212	4081	10	4071
Equity	842	3	839	1084	7	1077	744	0	744	2670	10	2660
Reinvested Earnings	454	0	454	454	0	454	454	0	454	1362	0	1362
Other Capital	14	0	14	21	0	21	14	0	14	49	0	49
ii. Abroad	0	587	-587	0	573	-573	0	727	-727	0	1887	-1887
Equity	0	394	-394	0	356	-356	0	378	-378	0	1128	-1128
Reinvested Earnings	0	175	-175	0	175	-175	0	175	-175	0	525	-525
Other Capital	0	18	-18	0	42	-42	0	174	-174	0	234	-234
b) Portfolio Investment	7972	7891	81	7385	6955	430	11932	7343	4589	27289	22189	5100
In India	7972	7891	81	7385	6955	430	11932	7343	4589	27289	22189	5100
Abroad	0	0	0	0	0	0	0	0	0	0	0	0
2.Loans	7024	3792	3232	6395	4946	1449	8319	5387	2932	21738	14125	7613
(a+b+c)
a) External Assistance	504	432	72	632	340	292	934	570	364	2070	1342	728
i) By India	0	0	0	0	0	0	0	0	0	0	0	0
ii) To India	504	432	72	632	340	292	934	570	364	2070	1342	728
b) Commercial Borrowings	2353	968	1385	2238	1269	969	2561	768	1793	7152	3005	4147
(MT & LT)
i) By India	168	35	133	258	48	210	452	195	257	878	278	600
ii) To India	2185	933	1252	1980	1221	759	2109	573	1536	6274	2727	3547
c) Short Term
To India	4167	2392	1775	3525	3337	188	4824	4049	775	12516	9778	2738
3. Banking Capital	4336	3242	1094	3294	4296	-1002	3651	2005	1646	11281	9543	1738
(a+b)
a) Commercial Banks	4086	3069	1017	3294	4268	-974	3651	1942	1709	11031	9279	1752
i) Assets	893	36	857	600	1338	-738	1685	1273	412	3178	2647	531
ii) Liabilities	3193	3033	160	2694	2930	-236	1966	669	1297	7853	6632	1221
of which : Non-Resident Deposits	1950	2736	-786	2204	2751	-547	539	484	55	4693	5971	-1278
b)Others	250	173	77	0	28	-28	0	63	-63	250	264	-14
4. Rupee Debt Service	0	277	-277	0	2	-2	0	18	-18	0	297	-297
5. Other Capital	2091	1791	300	1921	483	1438	2911	315	2596	6923	2589	4334

Total Capital Account	22733	17583	5150	20554	17262	3292	28025	15795	12230	71312	50640	20672
(1 to 5)
C. Errors & Omissions	181	0	181	148	0	148	0	166	-166	163	0	163
D. Overall Balance	59107	51583	7524	55326	55960	-634	67245	60651	6594	181512	168028	13484
(Total Capital Account,
Current Account and
Errors & Omissions (A+B+C))
E. Monetary Movements	0	7524	-7524	634	0	634	0	6594	-6594	0	13484	-13484
(i+ii)
i) I.M.F.	0	0	0	0	0	0	0	0	0	0	0	0
ii) Foreign Exchange Reserves	0	7524	-7524	634	0	634	0	6594	-6594	0	13484	-13484
( Increase - / Decrease +)

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