Table 2: India's Current Account | ||||||||||
(Million US | ||||||||||
Item | 2003-04(P) | 2002-03(R) | 2001-02R | 2000-01R | ||||||
Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | |||
A. Current Account | ||||||||||
1. Merchandise | 64723 | 80177 | 53774 | 64464 | 44703 | 56277 | 45452 | 57912 | ||
2. Invisibles | 52982 | 26967 | 41925 | 24890 | 36737 | 21763 | 32267 | 22473 | ||
a. Services | 24949 | 18358 | 20763 | 17120 | 17140 | 13816 | 16268 | 14576 | ||
a1. Travel | 4122 | 3511 | 3312 | 3341 | 3137 | 3014 | 3497 | 2804 | ||
a2. Transportation | 3260 | 2331 | 2536 | 3272 | 2161 | 3467 | 2046 | 3558 | ||
a3. Insurance | 420 | 363 | 369 | 350 | 288 | 280 | 270 | 223 | ||
a4. G.n.i.e. | 282 | 212 | 293 | 228 | 518 | 283 | 651 | 319 | ||
a5. Miscellaneous | 16865 | 11941 | 14253 | 9929 | 11036 | 6772 | 9804 | 7672 | ||
of which:Software Services | 12200 | 450 | 9600 | 737 | 7556 | 672 | 6341 | 591 | ||
b. Transfers | 23746 | 350 | 17640 | 802 | 16218 | 362 | 13317 | 211 | ||
b1. Official | 563 | 0 | 451 | 0 | 458 | 0 | 252 | 0 | ||
b2. Private | 23183 | 350 | 17189 | 802 | 15760 | 362 | 13065 | 211 | ||
c. Income | 4287 | 8259 | 3522 | 6968 | 3379 | 7585 | 2682 | 7686 | ||
c1. Investment income | 4132 | 7423 | 3405 | 6949 | 3254 | 7098 | 2554 | 7218 | ||
c2. Compensation to | 155 | 836 | 117 | 19 | 125 | 487 | 128 | 468 | ||
employees | ||||||||||
Total Current Account (1+2) | 117705 | 107144 | 95699 | 89354 | 81440 | 78040 | 77719 | 80385 | ||
(Million US | ||||||||||
Item | 1999-00 R | 1998-99R | 1997-98R | 1996-97R | 1995-96R | |||||
Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | |
A. Current Account | ||||||||||
1. Merchandise | 37542 | 55383 | 34298 | 47544 | 35680 | 51187 | 34133 | 48948 | 32311 | 43670 |
2. Invisibles | 30312 | 17169 | 25770 | 16562 | 23244 | 13237 | 21530 | 11209 | 17676 | 12216 |
a. Services | 15709 | 11645 | 13186 | 11021 | 9429 | 8110 | 7599 | 6748 | 7357 | 7543 |
a1. Travel | 3036 | 2139 | 2993 | 1743 | 2914 | 1437 | 2878 | 858 | 2713 | 1167 |
a2. Transportation | 1707 | 2410 | 1925 | 2680 | 1836 | 2522 | 1953 | 2394 | 2011 | 2163 |
a3. Insurance | 231 | 122 | 224 | 112 | 240 | 183 | 217 | 153 | 179 | 143 |
a4. G.n.i.e. | 582 | 270 | 597 | 325 | 276 | 160 | 72 | 178 | 13 | 218 |
a5. Miscellaneous | 10153 | 6704 | 7447 | 6161 | 4163 | 3808 | 2479 | 3165 | 2441 | 3846 |
of which:Software Services | ||||||||||
b. Transfers | 12672 | 34 | 10649 | 62 | 12254 | 45 | 12858 | 81 | 8890 | 39 |
b1. Official | 382 | 0 | 308 | 1 | 379 | 0 | 423 | 13 | 351 | 6 |
b2. Private | 12290 | 34 | 10341 | 61 | 11875 | 45 | 12435 | 68 | 8539 | 33 |
c. Income | 1931 | 5490 | 1935 | 5479 | 1561 | 5082 | 1073 | 4380 | 1429 | 4634 |
c1. Investment income | 1783 | 5478 | 1893 | 5462 | 1561 | 5020 | 1073 | 4380 | 1429 | 4634 |
c2. Compensation to | 148 | 12 | 42 | 17 | 0 | 62 | 0 | 0 | 0 | 0 |
employees | ||||||||||
Total Current Account (1+2) | 67854 | 72552 | 60068 | 64106 | 58924 | 64424 | 55663 | 60157 | 49987 | 55886 |
Source: RBI Bulletin (2005) April and various issues |