Appendix Table 2 : India's Overall Balance of Payments: Annual | (US $ million) | |||||||||||||||
Item | 2006-07(P) | 2005-06(PR) | 2004-05(R) | 2003-04(R) | 2002-03 | |||||||||||
Credit | Debt | Net | Credit | Debt | Net | Credit | Debt | Net | Credit | Debt | Net | Credit | Debt | Net | ||
(1) | (2) | (3) | (4) | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | (14) | (15) | (16) | |
1. Merchandise | 127090 | 191995 | -64905 | 105152 | 156993 | -51841 | 85206 | 118908 | -33702 | 66285 | 80003 | -13718 | 53774 | 64464 | -10690 | |
2. Invisibles | 119163 | 63867 | 55296 | 92294 | 49639 | 42655 | 69533 | 38301 | 31232 | 53508 | 25707 | 27801 | 41925 | 24890 | 17035 | |
a. Services | 81330 | 48603 | 32727 | 61404 | 37523 | 23881 | 43249 | 27823 | 15426 | 26868 | 16724 | 10144 | 20763 | 17120 | 3643 | |
a1. Travel | 9423 | 7235 | 2188 | 7853 | 6464 | 1389 | 6666 | 5249 | 1417 | 5037 | 3602 | 1435 | 3312 | 3341 | -29 | |
a2. Transportation | 8069 | 8857 | -788 | 6291 | 7841 | -1550 | 4683 | 4539 | 144 | 3207 | 2328 | 879 | 2536 | 3272 | -736 | |
a3. Insurance | 1200 | 641 | 559 | 1050 | 1028 | 22 | 870 | 722 | 148 | 419 | 363 | 56 | 369 | 350 | 19 | |
a4. G.n.i.e. | 273 | 417 | -144 | 309 | 506 | -197 | 401 | 411 | -10 | 240 | 212 | 28 | 293 | 228 | 65 | |
a5. Miscellaneous | 62365 | 31453 | 30912 | 45901 | 21684 | 24217 | 30629 | 16902 | 13727 | 17965 | 10219 | 7746 | 14253 | 9929 | 4324 | |
of which : Software Services | 31300 | 2502 | 28798 | 23600 | 1338 | 22262 | 17700 | 800 | 16900 | 12800 | 476 | 12324 | 9600 | 737 | 8863 | |
Business Services | 23459 | 20200 | 3259 | 12858 | 10496 | 2362 | ||||||||||
Financial Services | 3213 | 1832 | 1381 | 1704 | 1308 | 396 | ||||||||||
Communication Services | 2068 | 719 | 1349 | 2182 | 808 | 1374 | ||||||||||
b. Transfers | 28861 | 1446 | 27415 | 25228 | 944 | 24284 | 21691 | 906 | 20785 | 22736 | 574 | 22162 | 17640 | 802 | 16838 | |
b1. Official | 638 | 418 | 220 | 668 | 486 | 182 | 616 | 356 | 260 | 554 | 0 | 554 | 451 | 0 | 451 | |
b2. Private | 28223 | 1028 | 27195 | 24560 | 458 | 24102 | 21075 | 550 | 20525 | 22182 | 574 | 21608 | 17189 | 802 | 16387 | |
c. Income | 8972 | 13818 | -4846 | 5662 | 11172 | -5510 | 4593 | 9572 | -4979 | 3904 | 8409 | -4505 | 3522 | 6968 | -3446 | |
c1. Investment income | 8574 | 12856 | -4282 | 5486 | 10407 | -4921 | 4124 | 8219 | -4095 | 3774 | 7531 | -3757 | 3405 | 6949 | -3544 | |
c2. Compensation to employees | 398 | 962 | -564 | 176 | 765 | -589 | 469 | 1353 | -884 | 130 | 878 | -748 | 117 | 19 | 98 | |
Total Current Account (1+2) | 246253 | 255862 | -9609 | 197446 | 206632 | -9186 | 154739 | 157209 | -2470 | 119793 | 105710 | 14083 | 95699 | 89354 | 6345 | |
B. Capital Account | ||||||||||||||||
1. Foreign Investment (a+b) | 130035 | 114536 | 15499 | 76061 | 58837 | 17224 | 46934 | 33934 | 13000 | 32682 | 18938 | 13744 | 14001 | 9840 | 4161 | |
a. In India | 129063 | 102617 | 26446 | 75842 | 55687 | 20155 | 46899 | 31601 | 15298 | 32540 | 16862 | 15678 | 13928 | 7913 | 6015 | |
a1. Direct | 19531 | 89 | 19442 | 7722 | 61 | 7661 | 6052 | 65 | 5987 | 4322 | 0 | 4322 | 5095 | 59 | 5036 | |
a2. Portfolio | 109532 | 102528 | 7004 | 68120 | 55626 | 12494 | 40847 | 31536 | 9311 | 28218 | 16862 | 11356 | 8833 | 7854 | 979 | |
b. Abroad | 972 | 11919 | -10947 | 219 | 3150 | -2931 | 35 | 2333 | -2298 | 142 | 2076 | -1934 | 73 | 1927 | -1854 | |
2. Loans (a+b+c) | 50469 | 29340 | 21129 | 37529 | 31416 | 6113 | 30287 | 19378 | 10909 | 19667 | 24031 | -4364 | 11568 | 15418 | -3850 | |
a. External Assistance | 3728 | 1958 | 1770 | 3627 | 1945 | 1682 | 3809 | 1886 | 1923 | 3350 | 6208 | -2858 | 2878 | 6006 | -3128 | |
a1. By India | 16 | 36 | -20 | 20 | 104 | -84 | 24 | 128 | -104 | 24 | 128 | -104 | 0 | 32 | -32 | |
a2. To India | 3712 | 1922 | 1790 | 3607 | 1841 | 1766 | 3785 | 1758 | 2027 | 3326 | 6080 | -2754 | 2878 | 5974 | -3096 | |
b. Commercial Borrowings (MT and LT) | 21291 | 5207 | 16084 | 14547 | 11824 | 2723 | 9084 | 3890 | 5194 | 5228 | 8153 | -2925 | 3514 | 5206 | -1692 | |
b1. By India | 652 | 971 | -319 | 0 | 240 | -240 | 0 | 232 | -232 | 3 | 0 | 3 | 9 | 0 | 9 | |
b2. To India | 20639 | 4236 | 16403 | 14547 | 11584 | 2963 | 9084 | 3658 | 5426 | 5225 | 8153 | -2928 | 3505 | 5206 | -1701 | |
c. Short term (to India) | 25450 | 22175 | 3275 | 19355 | 17647 | 1708 | 17394 | 13602 | 3792 | 11089 | 9670 | 1419 | 5176 | 4206 | 970 | |
3. Banking Capital (a+b) | 36768 | 34681 | 2087 | 21658 | 20285 | 1373 | 14581 | 10707 | 3874 | 19222 | 13189 | 6033 | 18958 | 8533 | 10425 | |
a. Commercial Banks | 36358 | 34603 | 1755 | 20586 | 20144 | 442 | 14304 | 10325 | 3979 | 18887 | 12386 | 6501 | 18422 | 8287 | 10135 | |
a1. Assets | 14466 | 17361 | -2895 | 772 | 3947 | -3175 | 505 | 552 | -47 | 950 | 161 | 789 | 6089 | 976 | 5113 | |
a2. Liabilities | 21892 | 17242 | 4650 | 19814 | 16197 | 3617 | 13799 | 9773 | 4026 | 17937 | 12225 | 5712 | 12333 | 7311 | 5022 | |
of which: Non-resident deposits | 19473 | 15578 | 3895 | 17835 | 15046 | 2789 | 8071 | 9035 | -964 | 14281 | 10639 | 3642 | 10214 | 7236 | 2978 | |
b. Others | 410 | 78 | 332 | 1072 | 141 | 931 | 277 | 382 | -105 | 335 | 803 | -468 | 536 | 246 | 290 | |
4. Rupee Debt Service | 0 | 162 | -162 | 0 | 572 | -572 | 0 | 417 | -417 | 0 | 376 | -376 | 0 | 474 | -474 | |
5. Other Capital | 10129 | 3738 | 6391 | 6505 | 7243 | -738 | 6737 | 6081 | 656 | 4314 | 2615 | 1699 | 1841 | 1263 | 578 | |
Total Capital Account (1 to 5) | 227401 | 182457 | 44944 | 141753 | 118353 | 23400 | 98539 | 70517 | 28022 | 75885 | 59149 | 16736 | 46368 | 35528 | 10840 | |
C. Errors and Omissions | 1271 | 0 | 1271 | 838 | 0 | 838 | 607 | 0 | 607 | 602 | 0 | 602 | 0 | 200 | -200 | |
D. Overall Balance (A+B+C) | 474925 | 438319 | 36606 | 340037 | 324985 | 15052 | 253885 | 227726 | 26159 | 196280 | 164859 | 31421 | 142067 | 125082 | 16985 | |
E. Monetary Movements (1+2) | 0 | 36606 | -36606 | 0 | 15052 | -15052 | 0 | 26159 | -26159 | 0 | 31421 | -31421 | 0 | 16985 | -16985 | |
1. I.M.F | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2. Foreign Exchange Reserves | 0 | 36606 | -36606 | 0 | 15052 | -15052 | 0 | 26159 | -26159 | 0 | 31421 | -31421 | 0 | 16985 | -16985 | |
Increase (-ve)/Decrease (+ve) | ||||||||||||||||
PR: Partially Revised P : Preliminary R: Revised | ||||||||||||||||
Source: RBI ( 2007) : RBI Monthly Bulletin, September and Previous Issues. |