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40. India's Overall Balance of Payments
Date : Mar 12, 2012

(` Billion)

 

Item

2007-08 (R)

2008-09 (R)

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

6,680

10,357

-3,677

8,580

14,054

-5,474

 

II. INVISIBLES (a+b+c)

5,981

2,939

3,042

7,704

3,506

4,198

 

a) Services

3,630

2,068

1,562

4,880

2,396

2,484

 

i) Travel

455

372

83

502

433

69

 

ii) Transportation

402

463

-61

521

585

-65

 

iii) Insurance

66

42

24

65

52

13

 

iv) G.n.i.e.

13

15

-2

18

38

-20

 

v) Miscellaneous

2,694

1,176

1,518

3,774

1,287

2,487

 

of which

 

 

 

 

 

 

 

Software Services

1,620

135

1,485

2,122

116

2,006

 

Business Services

674

665

10

855

709

146

 

Financial Services

129

126

4

204

136

69

 

Communication Services

97

35

62

105

50

55

 

b) Transfers

1,777

93

1,685

2,169

126

2,043

 

i) Official

30

21

10

30

19

11

 

ii) Private

1,747

72

1,675

2,139

107

2,032

 

c) Income

573

778

-205

655

984

-329

 

i) Investment Income

555

734

-180

617

924

-307

 

ii) Compensation of Employees

18

44

-26

38

60

-22

 

Total Current Account (I+II)

12,661

13,296

-635

16,284

17,560

-1,276

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

10,865

9,121

1,744

7,755

7,405

351

 

a) Foreign Direct Investment (i+ii)

1,499

861

638

1,965

964

1,001

 

i) In India

1,399

5

1,394

1,914

8

1,906

 

Equity

1,077

4

1,073

1,462

8

1,454

 

Reinvested Earnings

309

309

415

415

 

Other Capital

12

12

37

37

 

ii) Abroad

100

857

-756

51

956

-905

 

Equity

100

680

-579

51

620

-569

 

Reinvested Earnings

44

-44

50

-50

 

Other Capital

133

-133

287

-287

 

b) Portfolio Investment

9,366

8,260

1,106

5,790

6,441

-650

 

i) In India

9,357

8,257

1,100

5,783

6,425

-642

 

of which

 

 

 

 

 

 

 

FIIs

9,079

8,257

822

5,735

6,425

-691

 

ADR/GDRs

266

266

49

49

 

ii) Abroad

9

3

7

7

15

-8

 

2. Loans (a+b+c)

3,303

1,668

1,635

2,854

2,506

348

 

a) External Assistance

170

86

85

244

129

115

 

i) By India

1

1

3

19

-16

 

ii) To India

169

84

85

241

110

131

 

b) Commercial Borrowings

1,219

309

911

708

343

365

 

i) By India

64

65

-1

92

36

56

 

ii) To India

1,155

243

912

616

307

309

 

c) Short Term to India

1,914

1,274

639

1,901

2,034

-133

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

1,712

1,274

438

1,778

1,777

2

 

ii) Suppliers’ Credit up to 180 days

202

202

123

257

-135

 

3. Banking Capital (a+b)

2,240

1,768

472

2,954

3,146

-192

 

a) Commercial Banks

2,237

1,751

486

2,948

3,119

-170

 

i) Assets

784

507

276

1,148

1,306

-158

 

ii) Liabilities

1,453

1,244

209

1,801

1,813

-12

 

of which: Non-Resident Deposits

1,181

1,174

7

1,710

1,506

204

 

b) Others

3

17

-14

6

27

-22

 

4. Rupee Debt Service

5

-5

5

-5

 

5. Other Capital

1,171

737

434

761

973

-212

 

Total Capital Account (1 to 5)

17,579

13,300

4,279

14,324

14,034

290

C.

Errors & Omissions

52

52

15

15

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

30,293

26,596

3,697

30,673

31,644

-971

E.

Monetary Movements (i+ii)

3,697

-3,697

971

971

 

i) I.M.F.

  ii) Foreign Exchange Reserves (Increase - / Decrease +)

3,697

-3,697

971

971

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

2009-10 (R)

2010-11 (PR)

Credit

Debit

Net

Credit

Debit

Net

7

8

9

10

11

12

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

8,633

14,232

-5,600

11,395

17,351

-5,956

 

II. INVISIBLES (a+b+c)

7,746

3,944

3,803

9,025

5,170

3,855

 

a) Services

4,546

2,834

1,712

6,047

3,825

2,223

 

i) Travel

560

442

118

695

506

189

 

ii) Transportation

529

564

-35

650

632

18

 

iii) Insurance

76

61

15

89

64

25

 

iv) G.n.i.e.

21

25

-4

24

37

-13

 

v) Miscellaneous

3,347

1,742

1,605

4,590

2,586

2,004

 

of which

 

 

 

 

 

 

 

Software Services

2,352

70

2,282

2,524

100

2,424

 

Business Services

538

853

-316

1,095

1,264

-169

 

Financial Services

177

219

-42

297

341

-44

 

Communication Services

59

64

-6

71

52

19

 

b) Transfers

2,593

110

2,483

2,563

142

2,421

 

i) Official

34

22

12

29

29

1

 

ii) Private

2,546

87

2,459

2,533

113

2,420

 

c) Income

620

1,000

-380

415

1,203

-789

 

i) Investment Income

577

920

-343

364

1,111

-747

 

ii) Compensation of Employees

43

81

-37

51

92

-41

 

Total Current Account (I+II)

16,379

18,176

-1,797

20,420

22,521

-2,101

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

9,434

7,034

2,400

13,159

11,336

1,823

 

a) Foreign Direct Investment (i+ii)

1,831

971

860

1,616

1,187

429

 

i) In India

1,796

218

1,578

1,500

319

1,181

 

Equity

1,293

200

1,093

926

296

630

 

Reinvested Earnings

411

411

544

544

 

Other Capital

92

18

74

30

23

7

 

ii) Abroad

35

753

-718

116

868

-752

 

Equity

35

503

-469

116

480

-363

 

Reinvested Earnings

51

-51

49

-49

 

Other Capital

198

-198

339

-339

 

b) Portfolio Investment

7,603

6,063

1,540

11,543

10,149

1,394

 

i) In India

7,590

6,051

1,539

11,508

10,061

1,447

 

of which

 

 

 

 

 

 

 

FIIs

7430

6051

1379

11414

10061

1353

 

ADR/GDRs

160

160

94

94

 

ii) Abroad

13

12

1

35

88

-53

 

2. Loans (a+b+c)

3,499

2,920

580

4,907

3,611

1,296

 

a) External Assistance

279

143

136

359

134

225

 

i) By India

2

20

-18

3

5

-1

 

ii) To India

276

123

154

355

129

226

 

b) Commercial Borrowings

706

611

95

1,098

528

570

 

i) By India

46

71

-25

84

69

14

 

ii) To India

660

540

120

1,014

459

555

 

c) Short Term to India

2,515

2,166

349

3,450

2,949

502

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

2,296

2,079

217

3,284

2,949

335

 

ii) Suppliers’ Credit up to 180 days

219

87

132

167

167

 

3. Banking Capital (a+b)

2,921

2,823

98

4,193

3,973

220

 

a) Commercial Banks

2,893

2,801

92

4,116

3,919

197

 

i) Assets

815

726

89

1,599

1,755

-156

 

ii) Liabilities

2,078

2,075

3

2,516

2,164

353

 

of which: Non-Resident Deposits

1,964

1,822

142

2,243

2,095

148

 

b) Others

28

22

7

77

54

23

 

4. Rupee Debt Service

5

-5

3

-3

 

5. Other Capital

546

1,178

-632

447

950

-503

 

Total Capital Account (1 to 5)

16,400

13,960

2,440

22,706

19,873

2,833

C.

Errors & Omissions

1

-1

137

-137

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

32,779

32,137

642

43,126

42,531

595

E.

Monetary Movements (i+ii)

642

-642

595

-595

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

642

-642

595

-595

 

of which: SDR allocation

250

-250


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Apr-Jun 2008 (R)

Jul-Sep 2008 (R)

Credit

Debit

Net

Credit

Debit

Net

13

14

15

16

17

18

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

2,393

3,443

-1,050

2,348

4,061

-1,713

 

II. INVISIBLES (a+b+c)

1,666

758

908

2,054

878

1,176

 

a) Services

984

514

470

1,270

592

678

 

i) Travel

104

90

14

122

119

3

 

ii) Transportation

109

139

-30

133

164

-31

 

iii) Insurance

15

9

5

17

13

3

 

iv) G.n.i.e.

5

5

1

4

4

-1

 

v) Miscellaneous

750

271

479

994

292

703

 

of which

 

 

 

 

 

 

 

Software Services

503

35

468

531

30

501

 

Business Services

170

134

36

237

171

65

 

Financial Services

26

26

73

42

31

 

Communication Services

21

9

12

32

13

19

 

b) Transfers

533

27

506

603

36

567

 

i) Official

6

4

2

2

4

-2

 

ii) Private

527

23

504

601

32

569

 

c) Income

149

216

-67

181

250

-68

 

i) Investment Income

142

202

-60

169

235

-67

 

ii) Compensation of Employees

6

14

-7

13

14

-2

 

Total Current Account (I+II)

4,059

4,201

-142

4,402

4,939

-537

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

2,236

2,038

197

2,301

2,088

212

 

a) Foreign Direct Investment (i+ii)

538

165

373

434

165

270

 

i) In India

528

1

527

420

2

418

 

Equity

427

1

426

320

2

318

 

Reinvested Earnings

94

94

99

99

 

Other Capital

7

7

2

2

 

ii) Abroad

10

164

-154

14

162

-149

 

Equity

10

105

-95

14

122

-108

 

Reinvested Earnings

11

-11

12

-12

 

Other Capital

48

-48

29

-29

 

b) Portfolio Investment

1,698

1,873

-175

1,866

1,924

-57

 

i) In India

1,697

1,871

-174

1,866

1,923

-57

 

of which

 

 

 

 

 

 

 

FIIs

1,656

1,871

-216

1,860

1,923

-63

 

ADR/GDRs

42

42

6

6

 

ii) Abroad

1

2

-1

1

1

 

2. Loans (a+b+c)

662

404

258

714

601

112

 

a) External Assistance

39

27

12

49

29

20

 

i) By India

1

4

-4

1

5

-4

 

ii) To India

38

23

15

48

25

23

 

b) Commercial Borrowings

115

53

62

156

81

75

 

i) By India

17

8

9

23

6

17

 

ii) To India

98

45

53

133

75

58

 

c) Short Term to India

508

324

184

508

491

18

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

386

324

62

508

428

81

 

ii) Suppliers’ Credit up to 180 days

123

123

63

-63

 

3. Banking Capital (a+b)

916

804

112

716

617

100

 

a) Commercial Banks

916

797

119

716

617

100

 

i) Assets

477

439

39

289

226

63

 

ii) Liabilities

439

359

80

427

391

37

 

of which: Non-Resident Deposits

379

345

34

402

390

11

 

b) Others

6

-6

 

4. Rupee Debt Service

1

-1

 

5. Other Capital

193

542

-349

209

336

-127

 

Total Capital Account (1 to 5)

4,008

3,790

218

3,940

3,643

297

C.

Errors & Omissions

17

17

33

33

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

8,083

7,990

93

8,375

8,582

-207

E.

Monetary Movements (i+ii)

93

-93

207

207

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

93

-93

207

207

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Oct-Dec 2008 (R)

Jan-Mar 2009 (R)

Credit

Debit

Net

Credit

Debit

Net

19

20

21

22

23

24

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

1,923

3,629

-1,706

1,915

2,921

-1,006

 

II. INVISIBLES (a+b+c)

2,068

941

1,128

1,916

929

987

 

a) Services

1,376

639

738

1,250

651

599

 

i) Travel

143

95

48

133

130

4

 

ii) Transportation

134

158

-25

145

124

21

 

iii) Insurance

17

13

4

17

16

1

 

iv) G.n.i.e.

5

11

-7

4

18

-14

 

v) Miscellaneous

1,079

361

717

950

363

588

 

of which

 

 

 

 

 

 

 

Software Services

550

28

521

539

23

516

 

Business Services

237

174

63

212

230

-18

 

Financial Services

54

36

18

51

31

20

 

Communication Services

27

13

14

25

15

10

 

b) Transfers

536

41

495

497

21

476

 

i) Official

14

5

9

8

6

2

 

ii) Private

522

36

486

489

15

473

 

c) Income

156

261

-105

169

258

-88

 

i) Investment Income

146

244

-98

160

242

-82

 

ii) Compensation of Employees

9

16

-7

9

16

-6

 

Total Current Account (I+II)

3,991

4,570

-579

3,832

3,850

-19

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

1,842

1,982

-140

1,377

1,295

81

 

a) Foreign Direct Investment (i+ii)

545

402

143

448

233

215

 

i) In India

535

1

533

431

3

428

 

Equity

399

1

398

316

3

313

 

Reinvested Earnings

110

110

112

112

 

Other Capital

26

26

3

3

 

ii) Abroad

10

400

-390

17

230

-213

 

Equity

10

206

-195

17

188

-171

 

Reinvested Earnings

13

-13

13

-13

 

Other Capital

181

-181

28

-28

 

b) Portfolio Investment

1,297

1,581

-284

929

1,063

-134

 

i) In India

1,296

1,578

-282

925

1,054

-129

 

of which

 

 

 

 

 

 

 

FIIs

1,295

1,578

-283

924

1,054

-130

 

ADR/GDRs

1

1

 

ii) Abroad

1

3

-2

4

9

-5

 

2. Loans (a+b+c)

771

752

19

707

749

-41

 

a) External Assistance

82

37

45

73

35

38

 

i) By India

1

5

-4

1

5

-4

 

ii) To India

82

32

50

73

30

43

 

b) Commercial Borrowings

263

84

179

174

125

49

 

i) By India

32

7

25

20

15

5

 

ii) To India

231

77

154

154

110

45

 

c) Short Term to India

425

631

-206

460

589

-129

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

425

505

-80

460

520

-61

 

ii) Suppliers’ Credit up to 180 days

126

-126

69

-69

 

3. Banking Capital (a+b)

723

965

-242

599

761

-162

 

a) Commercial Banks

723

944

-221

593

761

-168

 

i) Assets

253

368

-115

128

274

-145

 

ii) Liabilities

470

576

-106

465

487

-22

 

of which: Non-Resident Deposits

465

415

51

464

356

108

 

b) Others

21

-21

6

6

 

4. Rupee Debt Service

3

-3

 

5. Other Capital

154

34

120

205

60

144

 

Total Capital Account (1 to 5)

3,489

3,733

-244

2,888

2,869

19

C.

Errors & Omissions

50

-50

15

15

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

7,481

8,353

-872

6,734

6,719

15

E.

Monetary Movements (i+ii)

872

872

15

-15

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

872

872

15

-15

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Apr-June 2009 (R)

July-Sept 2009 (R)

Credit

Debit

Net

Credit

Debit

Net

25

26

27

28

29

30

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

1911

3193

-1282

2101

3534

-1433

 

II. INVISIBLES (a+b+c)

1889

809

1080

1960

973

988

 

a) Services

1094

534

559

1034

664

370

 

i) Travel

112

99

13

132

114

18

 

ii) Transportation

122

135

-13

124

108

17

 

iii) Insurance

19

15

4

19

16

2

 

iv) G.n.i.e.

5

5

5

6

-1

 

v) Miscellaneous

836

279

556

754

419

335

 

of which

 

 

 

 

 

 

 

Software Services

537

19

518

543

21

521

 

Business Services

126

161

-35

121

223

-102

 

Financial Services

54

41

14

35

55

-19

 

Communication Services

20

14

7

15

15

 

b) Transfers

651

23

628

697

28

669

 

i) Official

2

5

-3

8

5

3

 

ii) Private

649

18

631

688

22

666

 

c) Income

144

252

-108

230

282

-52

 

i) Investment Income

133

235

-102

220

265

-45

 

ii) Compensation of Employees

11

17

-6

10

17

-7

 

Total Current Account (I+II)

3799

4002

-203

4062

4507

-445

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

2,370

1,724

646

2,707

1,879

828

 

a) Foreign Direct Investment (i+ii)

485

243

242

559

200

359

 

i) In India

479

45

434

555

31

524

 

Equity

356

44

312

414

29

385

 

Reinvested Earnings

106

106

105

105

 

Other Capital

18

1

17

36

2

34

 

ii) Abroad

6

198

-192

5

169

-165

 

Equity

6

138

-132

5

103

-99

 

Reinvested Earnings

13

-13

13

-13

 

Other Capital

46

-46

53

-53

 

b) Portfolio Investment

1,884

1,481

403

2,148

1,679

469

 

i) In India

1,883

1,480

403

2,148

1,678

470

 

of which

 

 

 

 

 

 

 

FIIs

1,881

1,480

401

2,019

1,678

341

 

ADR/GDRs

2

2

129

129

 

ii) Abroad

1

1

1

-1

 

2. Loans (a+b+c)

640

709

-69

808

655

153

 

a) External Assistance

49

36

14

72

36

36

 

i) By India

1

5

-5

1

5

-4

 

ii) To India

49

30

18

71

31

40

 

b) Commercial Borrowings

96

118

-22

159

100

59

 

i) By India

12

16

-4

10

10

 

ii) To India

84

102

-17

149

90

59

 

c) Short Term to India

494

555

-61

578

519

58

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

494

468

26

532

519

13

 

ii) Suppliers’ Credit up to 180 days

87

-87

45

45

 

3. Banking Capital (a+b)

760

924

-164

801

587

214

 

a) Commercial Banks

760

913

-153

801

580

221

 

i) Assets

213

339

-126

297

84

213

 

ii) Liabilities

547

574

-27

504

497

7

 

of which: Non-Resident Deposits

545

456

89

501

450

51

 

b) Others

12

-12

7

-7

 

4. Rupee Debt Service

1

-1

 

5. Other Capital

27

252

-226

334

596

-262

 

Total Capital Account (1 to 5)

3,796

3,610

186

4,650

3,718

932

C.

Errors & Omissions

22

22

31

-31

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

7,618

7,612

6

8,712

8,256

456

E.

Monetary Movements (i+ii)

6

-6

456

-456

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

6

-6

456

-456

 

of which: SDR allocation

250

-250


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Oct-Dec 2009 (R)

Jan-Mar 2010 (R)

Credit

Debit

Net

Credit

Debit

Net

31

32

33

34

35

36

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

2200

3642

-1443

2421

3863

-1442

 

II. INVISIBLES (a+b+c)

1889

1014

874

2009

1148

861

 

a) Services

1140

746

394

1278

890

388

 

i) Travel

160

108

53

156

121

35

 

ii) Transportation

140

157

-17

143

164

-21

 

iii) Insurance

19

14

5

19

15

4

 

iv) G.n.i.e.

6

6

5

7

-2

 

v) Miscellaneous

803

461

342

954

583

372

 

of which

 

 

 

 

 

 

 

Software Services

616

16

600

657

14

643

 

Business Services

115

213

-98

175

256

-81

 

Financial Services

37

54

-17

51

70

-19

 

Communication Services

12

18

-6

11

18

-6

 

b) Transfers

638

30

608

607

29

578

 

i) Official

18

5

13

6

7

-1

 

ii) Private

608

24

583

601

23

578

 

c) Income

123

239

-116

123

228

-105

 

i) Investment Income

111

214

-103

113

205

-93

 

ii) Compensation of Employees

12

24

-13

11

23

-12

 

Total Current Account (I+II)

4089

4657

-568

4429

5010

-581

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

2,085

1,690

395

2,272

1,742

530

 

a) Foreign Direct Investment (i+ii)

416

286

130

370

243

128

 

i) In India

407

68

339

355

74

281

 

Equity

278

57

220

246

69

176

 

Reinvested Earnings

101

101

100

100

 

Other Capital

28

11

17

10

5

5

 

ii) Abroad

9

217

-208

15

169

-154

 

Equity

9

170

-161

15

92

-77

 

Reinvested Earnings

13

-13

12

-12

 

Other Capital

35

-35

64

-64

 

b) Portfolio Investment

1,669

1,404

265

1,902

1,499

403

 

i) In India

1,668

1,401

267

1,891

1,492

398

 

of which

 

 

 

 

 

 

 

FIIs

1,646

1,401

245

1,884

1,492

392

 

ADR/GDRs

22

22

7

7

 

ii) Abroad

1

3

-2

11

7

4

 

2. Loans (a+b+c)

936

670

265

1,116

886

230

 

a) External Assistance

77

37

39

81

34

47

 

i) By India

1

5

-4

1

5

-4

 

ii) To India

76

33

44

80

29

51

 

b) Commercial Borrowings

210

131

79

241

262

-21

 

i) By India

11

27

-16

14

18

-4

 

ii) To India

200

105

95

227

244

-17

 

c) Short Term to India

649

502

147

795

590

205

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

562

502

61

707

590

117

 

ii) Suppliers’ Credit up to 180 days

86

86

88

88

 

3. Banking Capital (a+b)

708

617

90

652

694

-41

 

a) Commercial Banks

680

614

66

652

694

-42

 

i) Assets

143

87

56

162

216

-54

 

ii) Liabilities

537

527

10

490

478

12

 

of which: Non-Resident Deposits

475

446

28

444

469

-25

 

b) Others

28

3

25

1

1

 

4. Rupee Debt Service

3

-3

 

5. Other Capital

75

156

-81

110

174

-64

 

Total Capital Account (1 to 5)

3,803

3,133

670

4,151

3,499

652

C.

Errors & Omissions

20

-20

27

27

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

7,891

7,809

82

8,607

8,509

98

E.

Monetary Movements (i+ii)

82

-82

98

-98

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

82

-82

98

-98

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Apr-June 2010 (PR)

July-Sept 2010 (PR)

Credit

Debit

Net

Credit

Debit

Net

37

38

39

40

41

42

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

2,523

3,979

-1,456

2,419

4,138

-1,719

 

II. INVISIBLES (a+b+c)

1,974

1,097

876

2,187

1,254

933

 

a) Services

1,216

776

440

1,461

909

552

 

i) Travel

135

105

29

157

128

29

 

ii) Transportation

143

143

152

164

-12

 

iii) Insurance

19

14

5

21

18

3

 

iv) G.n.i.e.

4

7

-2

6

10

-4

 

v) Miscellaneous

915

507

408

1,125

590

536

 

of which

 

 

 

 

 

 

 

Software Services

562

26

536

579

27

552

 

Business Services

220

269

-49

276

324

-48

 

Financial Services

56

64

-8

85

89

-4

 

Communication Services

15

11

4

19

12

7

 

b) Transfers

628

33

594

635

31

603

 

i) Official

3

6

-4

7

6

 

ii) Private

625

27

598

628

25

603

 

c) Income

130

288

-158

92

314

-222

 

i) Investment Income

120

266

-146

80

294

-214

 

ii) Compensation of Employees

10

22

-12

11

20

-9

 

Total Current Account (I+II)

4,497

5,076

-579

4,606

5,392

-786

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

2,437

2,068

369

3,181

2,123

1,058

 

a) Foreign Direct Investment (i+ii)

426

268

159

426

260

166

 

i) In India

413

105

308

399

51

348

 

Equity

273

104

169

253

48

205

 

Reinvested Earnings

136

136

139

139

 

Other Capital

3

1

2

7

3

4

 

ii) Abroad

13

163

-149

27

209

-182

 

Equity

13

98

-84

27

119

-92

 

Reinvested Earnings

12

-12

13

-13

 

Other Capital

53

-53

78

-78

 

b) Portfolio Investment

2,011

1,800

210

2,755

1,863

892

 

i) In India

2,006

1,794

212

2,748

1,853

895

 

of which

 

 

 

 

 

 

 

FIIs

1,955

1,794

161

2,725

1,853

872

 

ADR/GDRs

51

51

23

23

 

ii) Abroad

4

6

-2

7

10

-3

 

2. Loans (a+b+c)

1,071

660

411

1,239

930

309

 

a) External Assistance

146

35

112

59

32

27

 

i) By India

1

1

1

1

 

ii) To India

146

33

112

58

31

27

 

b) Commercial Borrowings

202

100

102

277

117

160

 

i) By India

8

11

-3

14

26

-12

 

ii) To India

194

89

104

263

91

172

 

c) Short Term to India

722

525

197

903

781

122

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

670

525

145

849

781

67

 

ii) Suppliers’ Credit up to 180 days

52

52

54

54

 

3. Banking Capital (a+b)

764

581

183

790

937

-147

 

a) Commercial Banks

764

580

184

790

909

-119

 

i) Assets

149

117

32

195

373

-178

 

ii) Liabilities

615

464

151

595

536

59

 

of which: Non-Resident Deposits

513

462

51

543

494

49

 

b) Others

1

-1

28

-28

 

4. Rupee Debt Service

1

-1

 

5. Other Capital

67

237

-170

16

231

-216

 

Total Capital Account (1 to 5)

4,339

3,547

791

5,225

4,221

1,004

C.

Errors & Omissions

41

-41

66

-66

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

8,836

8,665

171

9,831

9,678

153

E.

Monetary Movements (i+ii)

171

-171

153

-153

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

171

-171

153

-153

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

Oct-Dec 2010 (PR)

Jan-Mar 2011 (PR)

Credit

Debit

Net

Credit

Debit

Net

43

44

45

46

47

48

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

2,956

4,370

-1,414

3497

4864

-1367

 

II. INVISIBLES (a+b+c)

2,498

1,531

967

2366

1288

1078

 

a) Services

1,757

1,193

564

1614

947

667

 

i) Travel

199

128

71

205

145

60

 

ii) Transportation

167

179

-12

188

147

41

 

iii) Insurance

23

18

5

27

14

13

 

iv) G.n.i.e.

7

9

-2

7

13

-5

 

v) Miscellaneous

1,362

859

503

1187

629

558

 

of which

 

 

 

 

 

 

 

Software Services

661

32

630

721

15

707

 

Business Services

318

358

-40

281

313

-32

 

Financial Services

76

88

-12

80

100

-20

 

Communication Services

19

14

5

18

15

2

 

b) Transfers

647

38

609

654

40

614

 

i) Official

15

9

6

5

7

-2

 

ii) Private

632

29

603

649

33

616

 

c) Income

94

300

-206

99

301

-202

 

i) Investment Income

81

275

-194

82

276

-194

 

ii) Compensation of Employees

13

25

-13

16

25

-9

 

Total Current Account (I+II)

5,454

5,902

-448

5863

6151

-288

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

4,989

4,653

336

2,552

2,492

60

 

a) Foreign Direct Investment (i+ii)

423

369

54

341

290

51

 

i) In India

374

99

275

314

64

249

 

Equity

236

83

152

163

61

103

 

Reinvested Earnings

134

134

135

135

 

Other Capital

5

15

-11

15

4

12

 

ii) Abroad

49

271

-222

27

226

-198

 

Equity

49

150

-101

27

114

-86

 

Reinvested Earnings

12

-12

12

-12

 

Other Capital

109

-109

100

-100

 

b) Portfolio Investment

4,567

4,284

283

2,211

2,202

9

 

i) In India

4,560

4,229

332

2,193

2,185

8

 

of which

 

 

 

 

 

 

 

FIIs

4,550

4,229

321

2,184

2,185

-2

 

ADR/GDRs

10

10

10

10

 

ii) Abroad

6

55

-49

18

17

1

 

2. Loans (a+b+c)

1,194

908

286

1,403

1,113

290

 

a) External Assistance

87

35

52

66

32

34

 

i) By India

1

1

1

1

 

ii) To India

86

34

52

65

31

34

 

b) Commercial Borrowings

285

111

174

334

200

134

 

i) By India

26

10

16

36

22

13

 

ii) To India

259

101

158

299

178

120

 

c) Short Term to India

823

762

60

1,003

880

123

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

809

762

47

956

880

76

 

ii) Suppliers’ Credit up to 180 days

14

14

47

47

 

3. Banking Capital (a+b)

1,485

1,265

220

1,154

1,189

-35

 

a) Commercial Banks

1,481

1,265

216

1,081

1,164

-84

 

i) Assets

897

684

213

359

581

-223

 

ii) Liabilities

584

582

3

722

583

139

 

of which: Non-Resident Deposits

564

555

8

623

583

40

 

b) Others

4

4

73

25

48

 

4. Rupee Debt Service

2

-2

 

5. Other Capital

154

374

-221

210

107

103

 

Total Capital Account (1 to 5)

7,822

7,201

621

5,320

4,904

416

C.

Errors & Omissions

5

5

36

-36

D.

Overall Balance (Total Current Account, Capital
Account and Errors & Omissions (A+B+C))

13,282

13,103

179

11,182

11,090

92

E.

Monetary Movements (i+ii)

179

-179

92

-92

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

179

-179

92

-92

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Contd.)

(` Billion)

 

Item

April-June 2011 (PR)

July-September 2011 (P)

Credit

Debit

Net

Credit

Debit

Net

49

50

51

52

53

54

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

3,323

5,193

-1,870

3506

5517

-2011

 

II. INVISIBLES (a+b+c)

2,310

1,152

1,158

2485

1248

1237

 

a) Services

1,505

811

695

1571

860

710

 

i) Travel

184

156

29

213

164

49

 

ii) Transportation

194

179

15

201

166

35

 

iii) Insurance

25

13

12

28

19

9

 

iv) G.n.i.e.

6

9

-3

7

8

-1

 

v) Miscellaneous

1,096

454

642

1122

503

619

 

of which

 

 

 

 

 

 

 

Software Services

696

14

682

696

14

682

 

Business Services

239

279

-39

249

293

-44

 

Financial Services

57

79

-22

72

103

-30

 

Communication Services

16

19

-2

18

14

4

 

b) Transfers

695

37

658

776

35

741

 

i) Official

2

7

-4

6

7

-1

 

ii) Private

693

31

662

770

28

741

 

c) Income

110

305

-195

139

352

-214

 

i) Investment Income

84

286

-203

106

330

-224

 

ii) Compensation of Employees

26

18

8

33

22

10

 

Total Current Account (I+II)

5,633

6,345

-712

5991

6765

-774

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

2,995

2,527

468

2427

2281

146

 

a) Foreign Direct Investment (i+ii)

818

464

355

448

247

201

 

i) In India

800

204

596

431

98

333

 

Equity

612

189

423

272

92

180

 

Reinvested Earnings

122

122

125

125

 

Other Capital

66

15

51

34

6

28

 

ii) Abroad

18

260

-242

17

149

-133

 

Equity

18

63

-45

17

72

-56

 

Reinvested Earnings

12

-12

12

-12

 

Other Capital

185

-185

65

-65

 

b) Portfolio Investment

2,177

2,064

114

1979

2034

-55

 

i) In India

2,173

2,050

123

1958

2021

-63

 

of which

 

 

 

 

 

 

 

FIIs

2,161

2,050

111

1948

2021

-73

 

ADR/GDRs

12

12

9

9

 

ii) Abroad

4

14

-9

21

12

9

 

2. Loans (a+b+c)

1,448

1,133

315

1801

1334

467

 

a) External Assistance

55

38

17

49

35

15

 

i) By India

1

1

1

1

 

ii) To India

55

37

17

49

34

15

 

b) Commercial Borrowings

312

152

160

543

222

321

 

i) By India

15

14

1

51

21

30

 

ii) To India

297

138

159

492

201

291

 

c) Short Term to India

1,080

943

137

1209

1077

131

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

1,014

943

71

1150

1077

73

 

ii) Suppliers’ Credit up to 180 days

66

66

58

58

 

3. Banking Capital (a+b)

1,286

720

566

922

616

306

 

a) Commercial Banks

1,285

719

566

922

615

307

 

i) Assets

485

205

280

102

46

56

 

ii) Liabilities

799

513

286

820

569

251

 

of which: Non-Resident Deposits

558

507

51

691

563

128

 

b) Others

1

1

1

-1

 

4. Rupee Debt Service

1

-

1–

 

5. Other Capital

10

346

-336

152

227

-75

 

Total Capital Account (1 to 5)

5,740

4,728

1,012

5302

4458

844

C.

Errors & Omissions

56

-56

57

-57

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

11,373

11,129

243

11294

11281

13

E.

Monetary Movements (i+ii)

243

-243

13

-13

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

243

-243

13

-13

 

of which: SDR allocation


No. 40: India’s Overall Balance of Payments (Concld.)

(` Billion)

 

Item

Apr-Sept 2011 (P)

Apr-Sept 2010 (PR)

Credit

Debit

Net

Credit

Debit

Net

55

56

57

58

59

60

A.

CURRENT ACCOUNT

 

 

 

 

 

 

 

I. MERCHANDISE

6,829

10,710

-3,881

4942

8117

-3175

 

II. INVISIBLES (a+b+c)

4,795

2,400

2,395

4161

2351

1810

 

a) Services

3,076

1,671

1,405

2677

1685

992

 

i) Travel

397

319

78

292

233

59

 

ii) Transportation

395

345

50

295

307

-11

 

iii) Insurance

53

33

21

39

32

7

 

iv) G.n.i.e.

13

17

-4

10

16

-6

 

v) Miscellaneous

2,217

957

1,261

2040

1097

944

 

of which

 

 

 

 

 

 

 

Software Services

1,392

28

1,364

1141

53

1088

 

Business Services

488

572

-84

496

593

-97

 

Financial Services

129

181

-53

141

153

-12

 

Communication Services

34

33

1

34

23

11

 

b) Transfers

1,471

73

1,398

1262

65

1198

 

i) Official

8

13

-5

9

13

-4

 

ii) Private

1,463

59

1,403

1253

52

1201

 

c) Income

249

657

-409

222

602

-380

 

i) Investment Income

190

616

-427

200

560

-360

 

ii) Compensation of Employees

59

41

18

22

42

-20

 

Total Current Account (I+II)

11,624

13,111

-1,486

9103

10468

-1365

B.

CAPITAL ACCOUNT

 

 

 

 

 

 

 

1. Foreign Investment (a+b)

5,422

4,808

614

5,618

4,191

1,427

 

a) Foreign Direct Investment (i+ii)

1,266

711

555

852

528

324

 

i) In India

1,231

302

929

812

156

656

 

Equity

885

281

603

527

152

375

 

Reinvested Earnings

247

247

275

275

 

Other Capital

99

20

79

10

4

6

 

ii) Abroad

35

409

-374

40

372

-332

 

Equity

35

135

-100

40

216

-176

 

Reinvested Earnings

25

-25

25

-25

 

Other Capital

249

-249

131

-131

 

b) Portfolio Investment

4,156

4,097

59

4,765

3,663

1,102

 

i) In India

4,131

4,071

60

4,754

3,647

1,107

 

of which

 

 

 

 

 

 

 

FIIs

4,109

4,071

38

4,680

3,647

1,034

 

ADR/GDRs

22

22

74

74

 

ii) Abroad

25

26

-1

11

16

-5

 

2. Loans (a+b+c)

3,249

2,467

782

2,309

1,590

720

 

a) External Assistance

105

73

32

206

67

139

 

i) By India

2

2

-1

2

2

-1

 

ii) To India

103

71

32

204

64

140

 

b) Commercial Borrowings

855

374

481

479

217

262

 

i) By India

66

36

31

22

37

-15

 

ii) To India

789

338

450

457

180

277

 

c) Short Term to India

2,289

2,020

269

1,625

1,306

319

 

i) Suppliers’ Credit > 180 days & Buyers’ Credit

2,164

2,020

144

1,518

1,306

212

 

ii) Suppliers’ Credit up to 180 days

125

125

106

106

 

3. Banking Capital (a+b)

2,208

1,336

872

1,554

1,518

36

 

a) Commercial Banks

2,207

1,334

873

1,554

1,489

65

 

i) Assets

587

251

336

344

490

-146

 

ii) Liabilities

1,620

1,082

537

1,210

999

211

 

of which: Non-Resident Deposits

1,249

1,070

179

1,056

956

100

 

b) Others

1

2

-1

29

-29

 

4. Rupee Debt Service

1

-1

1

-1

 

5. Other Capital

163

573

-411

83

468

-385

 

Total Capital Account (1 to 5)

11,042

9,187

1,855

9,564

7,768

1,796

C.

Errors & Omissions

113

-113

107

-107

D.

Overall Balance (Total Current Account, Capital Account and Errors & Omissions (A+B+C))

22,666

22,410

256

18,667

18,343

324

E.

Monetary Movements (i+ii)

256

-256

324

-324

 

i) I.M.F.

 

ii) Foreign Exchange Reserves (Increase - / Decrease +)

256

-256

324

-324

 

of which: SDR allocation

Note: The comparable figures in new and old formats may not entirely agree due to rounding off. Total of subcomponents may not tally with aggregate due to rounding off.
P: Preliminary. PR: Partially Revised. R: Revised.


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