| TABLE
1: INDIA'S OVERALL BALANCE OF PAYMENTS | |
US $ million |
| Item |
April-June 2004 PR |
July-September 2004 P |
April-September 2004 P |
| | Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| A. CURRENT ACCOUNT
| | I.
MERCHANDISE | 18,189 |
23,329 |
5,140 |
16,262 |
28,563 |
12,301 |
34,451 |
51,892 |
17,441 |
| II. INVISIBLES (a+b+c) |
18,029 |
9,730 |
8,299 |
15,444 |
9,562 |
5,882 |
33,473 |
19,292 |
14,182 |
| a) Services |
10,206 |
7,422 |
2,784 |
9,158 |
7,216 |
1,943 |
19,364 |
14,638 |
4,727 |
| i) Travel |
860 |
1,142 |
-282 |
1,054 |
1,291 |
-237 |
1,914 |
2,433 |
-519 |
| ii) Transportation |
1,293 |
954 |
339 |
977 |
1,067 |
-90 |
2,270 |
2,021 |
250 |
| iii) Insurance |
350 |
300 |
50 |
210 |
135 |
75 |
559 |
435 |
125 |
| iv) G.n.i.e. |
190 |
66 |
124 |
82 |
58 |
24 |
273 |
124 |
148 |
| v) Miscellaneous |
7,513 |
4,960 |
2,553 |
6,835 |
4,665 |
2,170 |
14,348 |
9,625 |
4,723 |
| of which : Software
Services | 3,501 |
125 |
3,375 |
3,637 |
125 |
3,512 |
7,137 |
250 |
6,887 |
| b) Transfers |
6,606 |
90 |
6,516 |
4,968 |
111 |
4,856 |
11,574 |
202 |
11,372 |
| i) Official |
89 |
7 |
81 |
179 |
2 |
177 |
267 |
9 |
258 |
| ii) Private |
6,518 |
83 |
6,435 |
4,789 |
109 |
4,679 |
11,307 |
192 |
11,114 |
| c) Income |
1,217 |
2,218 |
-1,001 |
1,318 |
2,235 |
-916 |
2,535 |
4,452 |
-1,917 |
| i) Investment Income |
1,174 |
1,979 |
-806 |
1,292 |
1,981 |
-689 |
2,465 |
3,960 |
-1,495 |
| ii) Compensation of
Employees | 43 |
238 |
-195 |
26 |
254 |
-228 |
70 |
492 |
-423 |
| Total Current Account
(I+II) | 36,218 |
33,059 |
3,159 |
31,706 |
38,125 |
6,419 |
67,924 |
71,184 |
3,259 |
| B. CAPITAL ACCOUNT |
| 1. Foreign Investment
(a+b) | 9,410 |
8,558 |
852 |
9,289 |
7,588 |
1,702 |
18,699 |
16,145 |
2,554 |
| a) Foreign Direct Investment
(i+ii) | 1,437 |
667 |
771 |
1,904 |
633 |
1,271 |
3,341 |
1,299 |
2,042 |
| i. In India |
1,350 |
3 |
1,347 |
1,856 |
7 |
1,849 |
3,207 |
10 |
3,196 |
| Equity |
842 |
3 |
839 |
1,084 |
7 |
1,077 |
1,926 |
10 |
1,915 |
| Reinvested Earnings |
454 |
0 |
454 |
454 |
0 |
454 |
908 |
0 |
908 |
| Other Capital |
55 |
0 |
55 |
319 |
0 |
319 |
373 |
0 |
373 |
| ii. Abroad |
87 |
664 |
-576 |
48 |
626 |
-578 |
135 |
1,289 |
-1,154 |
| Equity |
87 |
394 |
-307 |
48 |
356 |
-308 |
135 |
750 |
-615 |
| Reinvested Earnings |
0 |
250 |
-250 |
0 |
250 |
-250 |
0 |
500 |
-500 |
| Other Capital |
0 |
20 |
-20 |
0 |
20 |
-20 |
0 |
40 |
-40 |
| b) Portfolio Investment |
7,972 |
7,891 |
81 |
7,385 |
6,955 |
430 |
15,357 |
14,846 |
512 |
| In India |
7,972 |
7,891 |
81 |
7,385 |
6,955 |
430 |
15,357 |
14,846 |
512 |
| Abroad |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 | |
2.Loans (a+b+c) |
7,270 |
3,848 |
3,422 |
6,334 |
5,313 |
1,020 |
13,604 |
9,161 |
4,443 |
| a) External Assistance |
504 |
432 |
72 |
632 |
341 |
291 |
1,135 |
772 |
363 |
| i) By India |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 | |
ii) To India |
504 |
432 |
72 |
632 |
340 |
291 |
1,135 |
772 |
363 |
| b) Commercial Borrowings
(MT & LT) | 2,599 |
1,024 |
1,575 |
2,178 |
1,632 |
545 |
4,777 |
2,657 |
2,120 |
| i) By India |
168 |
35 |
134 |
258 |
48 |
209 |
426 |
83 |
343 |
| ii) To India |
2,431 |
990 |
1,441 |
1,920 |
1,584 |
336 |
4,351 |
2,574 |
1,777 |
| c) Short Term To India |
4,167 |
2,392 |
1,775 |
3,525 |
3,340 |
184 |
7,692 |
5,732 |
1,960 |
| 3. Banking Capital (a+b) | 5,229 |
4,136 |
1,094 |
2,846 |
3,635 |
789 |
8,076 |
7,770 |
305 |
| a) Commercial Banks |
4,979 |
3,963 |
1,016 |
2,846 |
3,607 |
-761 |
7,825 |
7,570 |
255 |
| i) Assets |
1,786 |
929 |
856 |
568 |
1,267 |
-699 |
2,353 |
2,196 |
157 |
| ii) Liabilities |
3,193 |
3,033 |
160 |
2,279 |
2,340 |
-61 |
5,472 |
5,373 |
99 |
| of which: Non-Resident
Deposits | 1,950 |
2,736 |
-786 |
1,755 |
2,219 |
-464 |
3,705 |
4,955 |
-1,250 |
| b) Others |
250 |
173 |
78 |
0 |
28 |
-28 |
250 |
201 |
50 |
| 4. Rupee Debt Service |
0 |
277 |
277 |
0 |
2 |
2 |
0 |
279 |
279 |
| 5. Other Capital |
1,045 |
1,922 |
877 |
4,399 |
457 |
3,942 |
5,444 |
2,379 |
3,065 |
| Total Capital Account
(1 to 5) | 22,954 |
18,740 |
4,214 |
22,868 |
16,995 |
5,873 |
45,822 |
35,735 |
10,087 |
| C. Errors & Omissions |
150 |
0 |
150 |
0 |
88 |
88 |
62 |
0 |
62 |
| D. Overall Balance
(A+B+C) | 59,322 |
51,799 |
7,524 |
54,575 |
55,208 |
634 |
113,809 |
106,919 |
6,890 |
| [Total Current Account,
Capital | |
Account and Errors and Omissions |
| E. Monetary Movements
(i+ii) | 0 |
7,524 |
-7,524 |
634 |
0 |
634 |
0 |
6,890 |
-6,890 |
| i) I.M.F. |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 | |
ii) Foreign Exchange Reserves |
0 |
7,524 |
-7,524 |
634 |
0 |
634 |
0 |
6,890 |
-6,890 |
| ( Increase - / Decrease
+) | | PR:
Partially Revised. P: Preliminary. |
| TABLE
2: INDIA'S OVERALL BALANCE OF PAYMENTS | |
Rs. Crore |
| Item |
April-June 2004 |
July-September 2004 |
April-September 2004 P |
| | Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| A. CURRENT ACCOUNT
| | I.
MERCHANDISE | 81,660 |
104,737 |
23,077 |
75,065 |
131,846 |
56,781 |
156,725 |
236,583 |
79,858 |
| II. INVISIBLES (a+b+c) |
80,945 |
43,684 |
37,262 |
71,288 |
44,136 |
27,152 |
152,233 |
87,820 |
64,414 |
| a) Services |
45,821 |
33,321 |
12,500 |
42,274 |
33,307 |
8,967 |
88,096 |
66,628 |
21,467 |
| i) Travel |
3,859 |
5,126 |
-1,267 |
4,867 |
5,959 |
-1,092 |
8,726 |
11,086 |
-2,359 |
| ii) Transportation |
5,807 |
4,283 |
1,524 |
4,509 |
4,923 |
-414 |
10,316 |
9,206 |
1,110 |
| iii) Insurance |
1,570 |
1,347 |
223 |
968 |
622 |
346 |
2,538 |
1,969 |
569 |
| iv) G.n.i.e. |
855 |
296 |
558 |
380 |
269 |
111 |
1,235 |
566 |
669 |
| v) Miscellaneous |
33,731 |
22,269 |
11,462 |
31,550 |
21,533 |
10,017 |
65,281 |
43,802 |
21,479 |
| of which : Software
Services | 15,716 |
563 |
15,154 |
16,786 |
576 |
16,211 |
32,503 |
1,138 |
31,364 |
| b) Transfers |
29,661 |
405 |
29,256 |
22,930 |
514 |
22,415 |
52,590 |
919 |
51,671 |
| i) Official |
398 |
33 |
365 |
825 |
9 |
816 |
1,223 |
42 |
1,182 |
| ii) Private |
29,262 |
372 |
28,890 |
22,105 |
505 |
21,599 |
51,367 |
877 |
50,489 |
| c) Income |
5,464 |
9,957 |
-4,494 |
6,084 |
10,315 |
-4,230 |
11,548 |
20,272 |
-8,724 |
| i) Investment Income |
5,269 |
8,887 |
-3,618 |
5,963 |
9,143 |
-3,180 |
11,232 |
18,030 |
-6,798 |
| ii) Compensation of
Employees | 194 |
1,070 |
-876 |
121 |
1,172 |
-1,051 |
316 |
2,242 |
-1,926 |
| Total Current Account
(I+II) | 162,605 |
148,421 |
14,185 |
146,353 |
175,982 |
29,628 |
308,958 |
324,402 |
15,444 |
| B. CAPITAL ACCOUNT |
| 1. Foreign Investment
(a+b) | 42,246 |
38,421 |
3,825 |
42,878 |
35,024 |
7,854 |
85,124 |
73,444 |
11,679 |
| a) Foreign Direct Investment
(i+ii) | 6,454 |
2,994 |
3,460 |
8,789 |
2,920 |
5,868 |
15,242 |
5,914 |
9,328 |
| i. In India |
6,062 |
15 |
6,047 |
8,569 |
32 |
8,537 |
14,631 |
47 |
14,584 |
| Equity |
3,779 |
15 |
3,765 |
5,002 |
32 |
4,970 |
8,782 |
47 |
8,735 |
| Reinvested Earnings |
2,038 |
0 |
2,038 |
2,095 |
0 |
2,095 |
4,133 |
0 |
4,133 |
| Other Capital |
245 |
0 |
245 |
1,472 |
0 |
1,472 |
1,717 |
0 |
1,717 |
| ii. Abroad |
392 |
2,979 |
-2,587 |
220 |
2,888 |
-2,668 | 612 |
5,867 |
-5,256 |
| Equity |
392 |
1,768 |
-1,376 |
220 |
1,643 |
-1,423 |
612 |
3,411 |
-2,800 |
| Reinvested Earnings |
0 |
1,121 |
-1,121 |
0 |
1,153 |
-1,153 |
0 |
2,274 |
-2,274 |
| Other Capital |
0 |
90 |
-90 |
0 |
92 |
-92 |
0 |
182 |
-182 |
| b) Portfolio Investment |
35,792 |
35,427 |
365 |
34,089 |
32,103 |
1,986 |
69,881 |
67,530 |
2,351 |
| In India |
35,792 |
35,427 |
365 |
34,089 |
32,103 |
1,986 |
69,881 |
67,530 |
2,351 |
| Abroad |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 | |
2.Loans (a+b+c) |
32,642 |
17,276 |
15,366 |
29,236 |
24,525 |
4,710 |
61,877 |
41,801 |
20,076 |
| a) External Assistance |
2,261 |
1,938 |
323 |
2,915 |
1,572 |
1,343 |
5,176 |
3,510 |
1,666 |
| i) By India |
0 |
0 |
0 |
0 |
1 |
-1 |
0 |
1 |
-1 |
| ii) To India |
2,261 |
1,938 |
323 |
2,915 |
1,571 |
1,344 |
5,176 |
3,509 |
1,667 |
| b) Commercial Borrowings
(MT & LT) | 11,671 |
4,599 |
7,072 |
10,052 |
7,535 |
2,517 |
21,722 |
12,134 |
9,589 |
| i) By India |
756 |
155 |
601 |
1,189 |
222 |
967 |
1,945 |
377 |
1,568 |
| ii) To India |
10,914 |
4,443 |
6,471 |
8,863 |
7,313 |
1,550 |
19,777 |
11,756 |
8,021 |
| c) Short Term To India |
18,710 |
10,739 |
7,971 |
16,269 |
15,418 |
851 |
34,979 |
26,157 |
8,822 |
| 3. Banking Capital (a+b) |
23,478 |
18,567 |
4,911 |
13,139 |
16,778 |
3,640 |
36,616 |
35,345 |
1,271 |
| a) Commercial Banks |
22,353 |
17,791 |
4,562 |
13,139 |
16,651 |
-3,512 |
35,492 |
34,441 |
1,050 |
| i) Assets |
8,016 |
4,172 |
3,844 |
2,620 |
5,849 |
-3,229 |
10,637 |
10,021 |
615 |
| ii) Liabilities |
14,337 |
13,618 |
718 |
10,518 |
10,802 |
-283 |
24,855 |
24,420 |
435 |
| of which: Non-Resident
Deposits | 8,754 |
12,283 |
-3,529 |
8,102 |
10,244 |
-2,142 |
16,857 |
22,527 |
-5,671 |
| b) Others |
1,124 |
776 |
348 |
0 |
128 |
-128 |
1,124 |
904 |
220 |
| 4. Rupee Debt Service |
0 |
1,244 |
1,244 |
0 |
10 |
10 |
0 |
1,254 |
1,254 |
| 5. Other Capital |
4,690 |
8,628 |
3,938 |
20,306 |
2,112 |
18,195 |
24,996 |
10,740 |
14,256 |
| Total Capital Account
(1 to 5) | 103,055 |
84,136 |
18,920 |
105,559 |
78,449 |
27,109 |
208,614 |
162,585 |
46,029 |
| C. Errors & Omissions |
675 |
0 |
675 |
0 |
406 |
406 |
269 |
0 |
269 |
| D. Overall Balance
(A+B+C) | 266,335 |
232,556 |
33,779 |
251,912 |
254,837 |
2,926 |
517,841 |
486,987 |
30,853 |
| [Total Current Account,
Capital | | Account
and Errors and Omissions | | E.
Monetary Movements (i+ii) | 0 |
33,779 |
-33,779 |
2,926 |
0 |
2,926 |
0 |
30,853 |
-30,853 |
| i) I.M.F. |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 | |
ii) Foreign Exchange Reserves |
0 |
33,779 |
-33,779 |
2,926 |
0 |
2,926 |
0 |
30,853 |
-30,853 |
| ( Increase -
/ Decrease +) | | PR:
Partially Revised. P: Preliminary. |
|