India's Balance of Payments Concepts, Compilation and Recent Scenario 1950-51 To 2003-04

Indias Balance of Payments
Concepts, Compilation and Recent Scenario

1950-51 to 2003-04
EPW Research Foundation*

February 2005
* An original note on the subject was published in the Economic and Political Weekly (EPW) of November
13-20, 1993. The same has been thoroughly revised and updated by Ms. Shilpa Jain for publication on
the website www.epwrf.res.in Mrs. Rema K. Nair undertook page-making.
Contents
Section No.
Title
II
III
Page No.
List of Exhibits and Appendices
Key Concepts
Current and Capital Accounts
Merchandise on FOB/ CIF basis
Invisibles
Capital Account
Sources of BOP Data

Difference between RBI Balance of payments data and customs data
Apparent gaps in BOP data
An Overview of Indias Balance of Payments
10
Notes
12
List of Text Tables

Text Table
1:
2:
3:
4:
Indias Foreign Trade:

A Comparison of DGCI & S and RBI Data
Foreign Exchange Reserves:

1950-51 to 2003-04
14
Financing of Current Account Deficits:

1950-51 to 2003-04
15
Balance of Payments-Selected Indicators:

1950-51 to 2001-02
17
List of Exhibits and Appendices

Title
Page No.
Exhibits
Exhibit
A:
B:
Estimation of Invisible Accounts A Comparison of RBI Classification with the IMF Classification (IMF BOP MANUAL)
Estimation of Invisible Accounts A Comparison of RBI Classification with the IMF Classification (IMF BOP Yearbook)
Appendices
Appendix
1:
Balance of Payments:
1950-51 to 1989-90 (Rs. Crore / Dollar Million)
1990-91 to 2003-04 (Rs. Crore)
1990-91 to 2003-04 (US Dollar Million)
19
23
26
Break-up of Invisibles on Current Account

Travel Account
29
35
(i)
(ii)
Transportation Account :
1956-57 to 1989-90 (Rs. Crore)
1990-91 to 2001-02 (Rs. Crore/ Dollar Million)
36
38
(i)
(ii)
Insurance Account :
1956-57 to 1996-97 (Rs. Crore)
40
41
(i)
(ii)
Investment Income Account :

1956-57 to 1996-97 (Rs. Crore)
42
45
(i)
(ii)
Government not included elsewhere Account :

1956-57 to 1989-90 (Rs. Crore)
46
47
(i)
(ii)
Miscellaneous Account :
1956-57 to 1989-90 (Rs. Crore)
48
50
(i)
(ii)
Official Transfer Payments Account :

1956-57 to 1989-90 (Rs. Crore)
52
54
(i)
(ii)
Private Transfer Payments Account :

1956-57 to 1989-90 (Rs. Crore)
55
57
Foreign Inevestment
Private Foreign Investment
Foreign Investment Inflows
58
59
NRI Deposits
A Inflows under FCNR and NR(E)RA Accounts
NRI Deposits Outstanding
60
61
2:
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
3:
(A),(B)
(C)
4:
5:
External Transactions as per CSOs

National Account Statistics
62
Indias Balance of Payments

Concepts, Compilation and Recent Scenario: 1950-51 to 2003-04
I
Key Concepts
balance of payments statement is essentially a double entry system of record for a given period
of an economys two-way international transactions in the form of goods and services, receipts
and payments of incomes, transfers without quid pro quo and financial claims and liabilities. With
a view to standardising the concepts and definitions, classificatory schemes and conventions applied in
the compilation of balance of payment statistics by various countries, the International Monetary Fund (IMF)
has prescribed a Balance of Payment Manual.1 India, as in the case of other member countries of the IMF,
has adopted the same as a conceptual and methodological basis for compiling her balance of payment account.
However, there exist some departures from the IMF framework due to the constraints of data availability
and to take account of the countrys institutional structure.2
Principally, the balance of payment (BOP) account records transactions between a resident economic entity
and the rest of the world. Though the resident status of an individual is conceived in terms of the permanence
of interest within a given territory, the rule of thumb adopted for recognition of such permanence is a stay
of one year or more. Tourist and commercial travellers, employees of foreign governments and international
bodies on a mission of less than one year and seasonal workers from foreign countries, are all considered
as residents of the economy in which they normally live. Major exceptions to this are the official diplomatic
and consular representatives, members of armed forces and other government personnel of a foreign country
stationed in a given country who are treated (together with their dependents) as non-residents for the country
of their posting or as residents of the country they represent.
Current and Capital Accounts
In BOP accounting, transactions relating to goods, services and income, and current transfers constitute
the current account, while those relating to claims and liabilities of a financial nature and capital transfers
and acquisition or disposals of non-produced, non-financial assets which go to finance the deficit on current
account, or to absorb its surplus, form the capital account. The sum of these current and capital account
transactions together constitutes the basic balance on BOP and theoretically it should be finally rounded
up. The double-entry accounting should be closed with the help of: a) purchase and repurchase from the
IMF essentially as a multilateral agency for the countries BOP support, b) allocation of the IMFs Special
Drawing Rights (SDRs) intended to supplement the relatively inadequate international reserves and also
to serve as a principle reserve asset of the international monetary system, and finally, c) the build-up or
drawdown of the countrys own reserve assets. Incidentally, the objective of SDRs serving as a principal
reserve asset was scuttled in the midst of the controversy regarding the justification or otherwise for additional
reserve assets.
The above is the theoretical position; in reality, due to myriad discrepancies arising from differences
in timing, coverage, valuation and possible inaccurate estimation (which also includes clandestine capital
flight through various devices), the credit side of the double entry accounting does not exactly match the
sum of all debit entries. Therefore, the balancing act is performed by an item called errors and omissionsa negative sign in it implying an overstatement of receipts and an understatement of payments, generally
a combination of both, and the positive sign signifying the reverse. It is very often found that in years
of large depreciation of the rupee, the errors and omissions remain negative.
Balance of Payments
Merchandise on FOB / CIF basis

The transactions relating to goods, services and income, constituting the current account on the BOP,
are functionally classified in two broad categories: merchandise and invisibles. As per the IMF Manual,
imports and exports of goods (merchandise) should be presented under free-on-board (f.o.b. basis), that
is, without including freight and insurance costs. Such freight and insurance paid to foreign shipping and
air carriers should be treated as an outgo (debit) under the invisible sub-items, transportation and insurance
services, while that earned by domestic carriers has to be treated as receipts (credit) under the same subitems. However, the BOP data put out by the Indian authorities (Reserve Bank of India as well as the
Government of India) make a major departure from the IMF manual in that while they present exports
on an FOB basis they set out imports on CIF (cost, insurance and freight) basis on the ground of the nature
of data availability, that is, while exports declarations are uniformally on f.o.b. basis, import invoices do
not distinguish between the cost of merchandise and freight and insurance. Incidentally, it is found that
many other countries conduct periodical sample studies of import invoices, which facilitate such a distinction
and estimate the proportion of freight, insurance and other distributive services in the total CIF value of
imports and thus apply the results for deriving the f.o.b. values of total imports also. Besides, the IMF
in its Year Book on Balance of Payment Statistics, presenting uniform BoP data for its member countries,
publishes Indias BOP with merchandise imports also on a f.o.b. basis.3 The IMF apparently has a method
of using global adjustment to the import data for converting c.i.f. into f.o.b. Interestingly, the RBI did conduct
such surveys in the past for converting into f.o.b. basis those export invoices which were on c.i.f. or c.i.
basis. Apparently a 1948 survey, which indicated that freight and insurance elements constituted of about
four per cent of the c.i.f. values of exports, is broadly considered valid for quite some years as per subsequent
surveys.4 Though, since October 1983 the relevant forms specify the f.o.b. value of exports the above survey
results are required to be used to estimate the freight and insurance components (i.e., under invisbles) now
on the given basis of fob value.
Foreign trade data relate to merchandise trade through all the recognized seaport, airports, land customs
stations and inland container depots of India. Data on exports, which include re-exports, relate to fob values
and imports relate to c.i.f. values. Exports are based on the general system of recording, according to which
re-exports relate to Indian merchandise previously imported into India.
The item Non-Monetary Gold Movement has been deleted from invisibles in conformity with IMF Manual
on BOP (4th edition) from May 1993 onwards; these entries have been included under merchandise. Similarly,
in accordance with the provisions of IMF Manual on BOP (5th edition), gold purchased from the government
of India by RBI has been excluded from the BOP statistics. Data from the earlier period have been amended
by making suitable adjustments in other capital receipts and foreign exchange reserves. Imports relate
to foreign merchandise whether intended for home consumption, bonding or re-exploration. Trade balance
is defined as the difference between total exports and total imports (both merchandise).
Invisibles
As distinguished from the visibles (merchandise) transactions, the invisibles account comprises costs
of services, income and transfer payments (ie, payments and remittances unrequited or without quid pro
quo or without any repayment obligations). The IMF manual classifies non-merchandise current account
transactions into as many as thirteen items and also obtains from the reporting country authorities and
publishes (supplemented by its own estimates) in its BOP yearbook fairly disaggregated information on
a number of countries. Exhibits I(A) and I(B) provide listings of current account transactions as per the
IMF Manual and as per the BOP yearbook, respectively; these also carry alongside the Indian system of
classifications. It is true that many other countries do not possess such detailed data and hence they club
certain items together and publish data on fewer heads. In the regular dissemination of BOP data, the Indian
authorities now provide the invisibles account data under seven broad heads.
Within the above broad heads, however, the Reserve Bank of India has now begun to provide many more
details, which may be seen in disaggregated data presented in Appendix Tables 2(A) to 2(H). With a view
Balance of Payments
to disseminating more disaggregated data on Indias trade and services, the RBI has published such statistics
separately for the period 1956-57 to 1998-99 in its monthly bulletins of March and April 1992 and in its
comprehensive publication Balance of Payments: 1948-49 to 1988-89 (July 1993); this practice has been
continued thereafter on an annual basis. Apart from some broad details presented in Appendix Table 2A,
attempts have been made to cull out more disaggregated data on invisibles from the above studies which
are presented in eight separate sets in Appendix Tables 2(A) to 2(H). As may be observed from these
disaggregated data, India has now begun to provide many more details; earlier income consisted only of
investment income whereas now one more sub-category compensation of employees is added, in accordance
with the IMFs Balance of Payments Manual (5th edition), 1993, under the head income with effect from
1997-98. Earlier, the Indian practice was to record compensation of employees under the head servicesmiscellaneous. Since 1990-91, the value of defense related imports are recorded under imports (merchandise
debit) with credits financing such imports shown under loans (external commercial borrowings) to India
in the capital account. Based on the recommendations of a high-level committee in their Reports of Policy
Group and Task Force on External Debt Statistics of India, 1992, interest payments on defense debt owed
to the general currency area (GCA) are recorded under investment income (debit) and principal repayments
under debit to Loans (external commercial borrowings) to India.
The IMF classifies transfers as current transfers and capital transfers. Transfers basically represent
receipts and payments without quid pro quo. Current transfers include those of general government (eg,
current international cooperation between different governments, payments of current taxes on income and
wealth, etc.) and other transfers (eg, workers remittances, premiums-less service charges), and claims on
non-life insurance. Definitionally, capital transfers should include:
(i) Transfer of ownership of fixed asset or
(ii) The forgiveness of a liability by a creditor when no counter-part is received in return, or
(iii) A transfer of cash when linked to, or conditional on, the acquisition or disposal of a fixed asset
(eg investment grant) by one or both parties to the transaction.
Finally, capital transfer should result in a commensurate change in the stocks of assets of one or both
parties to the transaction. Due to non-availability of data, the RBI is unable to provide such segregation
into current and capital transfers; instead it has segregated transfers into private and official. The term
transfers is used in Indias Balance of Payments in the same sense as unrequited transfers. Unrequited
transactions are transations such as gifts, grants, taxes, etc. where one transactor provides something of
economic value to another but doesnot receive a quid pro quo on which economic value can be assigned
in return. The economic value that is lacking on one side has to be balanced by an entry which is referred
to as unrequited transfers.
Government not included elsewhere represents remittances towards maintenances of foreign embassies,
diplomatic missions and international/ regional institutions.
Miscellaneous services encompass communication services, software services, construction services,
royalties, copyrights and licence fees, news agency services and others. Because of the emergence of software
services as a highly focused and dynamic area of export activity in the 1990s, it is shown as a separate
sub-item under Miscellaneous since 2000-01.
Investment incometransactions are in the form of interest, dividend, profit and others for servicing of
capital transactions. Investment income receipts comprise interest received on loans to non-residents,
dividend/profit received by Indians on foreign investments, reinvested earnings of Indian FDI companies
abroad, interest received on debentures, floating rate notes (FRNs), commercial papers (CPs), fixed deposits
and funds held abroad by ADs out of foreign currency loans/export proceeds, payments of taxes by nonresidents/refunds of taxes by foreign governments and interest/discount earnings on RBI holding of foreign
assets. Investment income payments comprise payment of interest on non-received deposits, payment of
interest on loans from non- residents, payment of dividend/profit to non-resident shareholders, reinvested
earnings of the FDI companies, payments of interest on debentures, FRNs, CPs, fixed deposits, government
securities, charges on SDRs and others.
Undistributed income or retained earnings of an enterprise held by non-residents are conceived of as a
payment of income to the foreign investor and simultaneous reinvestment of that income by the foreign
Balance of Payments
investor in the same resident direct investment enterprise. Such income is recorded as a component of foreign
investment income payment in the current account matched by the flow of foreign investment in the capital
account.
Even so, while the Indian classification of current transactions is found to be fairly comprehensive, some
loss of information in it relating to the following items is noticed:
(i)
As explained earlier, data on insurance and freight on imports, which would constitute part
of the items transportation and insurance, are in fact included under merchandise.
(ii)
Under the Indian classification, transactions relating to the life insurance business of the Life
Insurance Corporation of India or those relating to the general insurance business of the Indian
general insurance companies abroad for domestic hazards in those countries are clubbed under
the item insurance which also covers the insurance of merchandise trade. The IMF classification
places this under a separate item called other goods, services and income.
Expenditures of diplomatic missions in India or those of Indian missions abroad are not presented separately
in the Indian data, whereas the IMF publishes such data under the head other foreign official, NIE even
for India separately.
Capital Account
Though the IMF manual distinguishes a large number of items under the capital account, India, as in
the case of many other countries, has dovetailed the accounting classification to fit into its own institutional
structure and analytical needs. Until the end of the 1980s, key sectors distinguished under the capital account
were: (i) private capital, (ii) banking capital, and (iii) official capital.
Private capital was sub-divided into (i) long-term and (ii) short-term, with loans of original maturity of
one year or less constituting the relevant dividing line. Long-term private capital, as published in the regular
BOP data, covered foreign investments (both direct and portfolio), long-term loans, foreign currency deposits
(FCNR and NRE) and an estimated portion of the unclassified receipts allocated to capital account. Banking
capital essentially covered movements in the external financial assets and liabilities of commercial and
co-operative banks authorised to deal in foreign exchange. Official capital transactions, other than those
with the IMF and movements in RBIs holdings of foreign currency assets and monetary gold (SDRs are
held by the government), were classified into (i) loans, (ii) amortisation, and (iii) miscellaneous receipts
and payments. In the data base created here, statistical series on BOP for the period 1950-51 to 1989-90
are in this format (See Appendix Table 1A). Independent data published by the RBI give disaggregation
of FDI by approval categories and that of portfolio investments by types of flow. In FDI, there are three
sources of approvals: government [Secretariat of Industrial Approvals (SIA) and Foreign Investment
Promotion Board (FIPB)]; RBI; and NRI investments (See Appendix Table 3B). Likewise, RBI puts out
data on NRI deposits under different categories of deposits (Appendix Tables 4A and 4B).
For the subsequent period, from 1990-91 onwards, the classification adopted is as follows:
(i)
Foreign investment, which is bifurcated into Foreign Direct Investment (FDI) and portfolio
investment. The FDI in India could be in the form of inflow of investment (credit) and outflow
in the form of disinvestments (debit) or abroad in the reverse manner. The portfolio investment5,
on the other had, comes in the form of Foreign Institutional Investors (FIIs), offshore funds
and Global Depository Receipts (GDRs) and American Depository Receipts (ADRs). The data
on acquisition of shares (acquisition of shares of Indian companies by non-residents under section
5 of FEMA, 1999) has been included as part of foreign direct investment since January 1996.
(ii)
Loans, which are further classified into external assistance, medium and long-term commercial
borrowings and short-term borrowings, with loans of original maturity of one-year or less
constituting the relevant dividing line. The principal repayment of the defense debt to the General
Currency Area (GCA) is shown under the debit to loans (external commercial borrowing to
India) for the general currency area since 1990-91.
(iii)
Banking capital comprises external assets and liabilities of commercial and government banks
authorized to deal in foreign exchange, and movement in balance of foreign central banks and
Balance of Payments
international institutions like, World Bank, IDA, ADB and IFC maintained with RBI. An
important component of banking capital is non-resident (NRI) deposits.
(iv)
Rupee debt service contains interest payment on, and principal re-payment of, debt for the
erstwhile rupee payments area (RPA). (This is done based on the recommendation of high-level
committee on balance of payments.)
(v)
Other capital is a residual item and broadly includes delayed exports receipts, funds raised and
held abroad by Indian corporate, Indias subscriptions to international institutions and quota
payments to IMF. Delayed export receipts essentially arises from the leads and lags between
the physical shipment of goods recorded by the customs and receipt of funds through banking
channel. It also includes rupee value of gold acquisition by the RBI (monetization of gold).
(vi)
Movement in Reserves comprises changes in the foreign currency assets held by the RBI and
SDR balances held by the government of India. These are recorded after excluding changes
on account of valuation. Valuation changes arise because foreign currency assets are expressed
in US dollar terms and they include the effect of appreciation/depreciation of non-US currencies
(such as Euro, Sterling, Yen and others) held in reserves. Furthermore, this item does not include
reserve position with IMF.
As per the earlier classification, institutional character of the Indian creditor/debtor formed the dividing
line for capital account transaction, whereas now it is the functional nature of the capital transaction that
dominates the classification.
FDI to and by India up to 1999-2000 comprised mainly equity capital. In line with international best
practices, the coverage of FDI has been expanded since 2000-01 to include, besides equity capital, reinvested
earnings (retained earnings of FDI companies) and other direct capital (inter-capital debt transactions
between related entities). Data on equity capital include equity of unincorporated bodies. Reinvested earnings
for the latest year (2003-04) are estimated as average of the previous two years as these data are available
with time-lag of a year. In view of the above revision, FDI data are not comparable with similar data for
the previous years (Appendix Table 3C). In terms of standard practise of BOP compilation, the above revision
of FDI data would not affect Indias overall position as the accretion to the foreign exchange reserves would
not undergo any change. The composition of BOP, however, would undergo changes. These changes relate
to investment income, external commercial borrowings and errors and omissions. In case of reinvested
earnings, there is a contra-entry (payments) of equal magnitude under investment income in the current
account. Other Capital reported as part of FDI inflow has been carved out from the figure reported under
external commercial borrowings by the same amount. Other Capital by Indian companies abroad and equity
capital of unincorporated entities have been adjusted against errors and omissions for 2000-01 and 2001-02.
II
Sources of BOP Data
The compilation of BOP data are considerably facilitated by two important prescriptions under foreign
exchange regulations, which are a universal feature in the governance of transactions in foreign exchange,
and which therefore have continued in India even after external sector liberalisation and replacement of
the Foreign Exchange Regulation Act (FERA), 1973 by the Foreign Exchange Management Act (FEMA),
1999. The prescriptions are: (i) all foreign exchange transactions are required to be channelled through
the banking system; and (ii) the authorised dealers (ADs) are required to submit various returns to the
RBI on those transactions (RBI 1987).
The compilation is thus done on the basis of such statistical returns submitted by ADs to the RBI. The
most important return is the well-known R returns, which covers export receipts, import payments, and
also non-merchandise transactions (current and capital) beyond a cut-off limit; this cut-off limit prescribed
for the supplementary statement of receipts in respect of purposes other than exports, was varied from time
to time; it was Rs 1 lakh and above for some time up to January 2001 but was raised to $ 10,000 and
above thereafter. These R return schedules, including the supplementary statement of receipts, for nonmerchandise transactions are now obtained from about 2,000 AD branches in electronic form. All of the
Balance of Payments
R returns data cover forex transactions including their purpose-wise classification up to and above the cutoff limit referred to above, and for the transactions below the limit, only total amount is given. Therefore,
to capture such purpose-wise classification in respect of the balance of forex transactions below the cutoff limit of $10,000 now (about Rs 50,000), a sample survey of unclassified receipts is undertaken on a
quarterly basis. Thirdly, data on a number of what are called non-R return items, that is, items dealt with
directly by the government such as defence-related purchases and other official transactions, are supplemented from government sources and major diplomatic missions abroad (Washington, London and Tokyo).
Finally, there are three more other sources which supplement the above BOP data:
(i)
a foreign currency gross provisional return (FCGPR) on capital account transactions including
all investment flows;
(ii)
a BAL statement on balances in NRE deposit accounts; and
(iii) information, through fortnightly section 42(2) returns of banks, on their Nostro balances (normally
in credit) and Vostro balances (normally in debt).
In addition, there is yet another class of surveys on Indias foreign liabilities and assets, which has
finally culminated into a more comprehensive survey on international investment position (IIP). Earlier
this survey of foreign assets and liabilities was periodically undertaken to fill the gap in the capital
transactions of the private sector; this survey was also used to obtain data on direct investment flows on
a non-cash basis such as shares allotted to non-residents against import of plant and equipment or against
technical know-how fees, and direct investors portion of reinvested earnings. Now, the Indian government
has accepted Special Data Dissemination Standards (SDDS)6 prescribed by IMF in the aftermath of the
financial crisis of 1997-98, according to which, the IIP, amongst others, has become the focus of attention
on account of its comprehensive coverage and the feasibility of assessing the impact of policies on the
composition of capital flows (RBIs Annual Report, 2002-03, p.112). Under the SDDS, India was committed
to compile the IIP for the period ending March 2002. Accordingly, annual IIP of India for the years March
1997 to March 2002 have been placed on RBIs website.
Apparent gaps in balance of payments data: (i)
(ii)
(iii)
(iv)
As pointed out earlier, there is the need to present import data in fob terms and thus give the
valuesof freight and insurance under invisibles more accurately.
IMF publications classify data on invisibles under 15 heads, whereas Indian BOP is generally
reported under 7 heads. Now that the RBI has begun collecting substantially more disaggregated
data, BOP classification may be expanded (Exhibit IA).
RBI was conducting sporadic studies on currency-wise pattern of exports and imports and
invisibles. It is hoped that these will be continued and that an analysis of the available data
may be undertaken more regularly such as once in two years.
Detailed dissemination of FDI inflows by sectors and by projects is needed. The advisory group
on data dissemination had in fact highlighted this requirement. Currently, the Secretariat of
Industrial Approvals (GoI) publishes in their SIA Newsletter (monthly) census list of FDI
approvals with brief details on individual proposals and some consolidated data on actual inflows.
RBI may attempt publishing similar data on the progress achieved in actual inflow of FDI and
technical collaborations, along with individual profiles for major cases of inflows and projects
under implementation.
Difference between RBI balance of payments data and customs data.

As repeatedly reported by the RBI, a phenomenon in the external trade statistics of India has been the
significant divergence between the merchandise transactions, particularly on imports, as revealed by the
customs data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCI and S)
and the BOP data published by the RBI on payment basis (see Table 1 below). Apart from valuation and
timing differences as between the customs data based on the shipment of goods and the booking of, say,
Royalties and licence fees
Other business services
Personal, cultural and

recreational services
Government services n.i.e.
10
11
Official transfers
Private transfers
Brief Description
Includes sea transport and air tranport and
other transport for passenger and freight traffic.
Covers travel for business or personal purpose.
Cover work performed on construction projects and
installations by employees of an enterprise in
locations outside the economic territory of the
enterprise.
Include telecommunications in turn including
transmission of sound, images, other
information by various modes and their
maintenance and postal and courier services.
Cover the provision of insurance to non-residents
by resident enterprises covering freight and direct
insurance (life, accident, health etc. insurance).
Include intermediary service fees associated with
the line of credit, leasing etc. It also covers
commisssions related to transactions in securities.
Include computer data and news-related
service transaction covering data bases,
data processing, hardware consultancy.
Cover receipts/payments due to sale of trademarks,
copyrights, patents, franchises due to the use of
produced originals such as films, manuscripts.
Services; operational leasing services; and miscellaneous business, professional, technical services.
Include services associated with the production of
motion pictures on films or video-tape, radio and
television programmes
Covers services associated with government
sectors or international or regional
organisations and not classified elsewhere.
Covers wages, salaries, other benefits in
cash or in kind of border, seasonal and
non-resident workers in embassies
Consists of direct and portfolio income, and
other income
Includes current international cooperation
between governments, payments of current
taxes on income and wealth
Includes workers remittances, claims on
nomn-life insurance etc.
Nomenclature
Brief Description
Categry 11 under Services as per IMF specification.
G.n.i.e.
Private transfers
Official transfers
Income
Categry 2 under Transfers as per IMF specification.
Categry 1 under Transfers as per IMF specification.
Includes cateory 3,4,6,7,8,9,10 under Services as per

IMF specification.
Categry 1 and 2 under Income as per IMF specification.
Categry 5 under Services as per IMF specification.
Insurance
Miscellaneous
Category 2 under Services as per IMF specification.
Category 1under Services as per IMF specification.
Travel
Transportation
II. Indian Classification of Invisibles
The recording of transportation and insurance transactions on a gross basis and their reclassification from merchandise to invisibles form part of the ongoing efforts to refine and
disaggregate the balance of payments statistics.
Source: IMF, Balance of Pyments Statistics, Yearbook, Volume 35, Part I, 1984
Note:
Transfers:-
Investment income
Computer and information

services
Financial services
Compensation of
employees
Insurance services
Communication services
2
3
Income:-
Travel
Construction services
Nomenclature
Transportation
No.
Category
Services:-
I . IMF Classification of Invisibles
EXHIBIT A: ESTIMATION OF INVISIBLE ACCOUNTS - A COMPARISON OF RBI CLASSIFCATION WITH THE IMF CLASSIFICATION (IMF BOP Manual)
7
Balance of Payments
Passenger services
Port services
Travel
Re-invested earnings
on direct investment
abroad
Other direct
investment income
(distributed earnings)
Other investment
income of resident
official, including
interofficial
Other investment
income of foreign
official excluding
interofficial
Other investment
income (private to
private)
Inter-official, n.i.e.
5 and 6
7 and 8
9 and 10
11 and 12
13 and 14
15 and 16
17 and 18
19 and 20
21 and 22
This should cover value of services obtained/

rendered under aid programmes which are financed
by grants and which has a contra entry under
item no 39 below.
Covers:
(i) Dividends on portfolio investment
income in equities
(ii) Interest earned/paid on bank deposits
(iii) Debentures and other debt securities
(iv) This item also covers interest paid on foreign
debt by public enterprises and also corporations
whose debt is guaranteed by local governments
Foreign official interest income paid to a nonofficial organisation (credit) and a private
organisation paying interest to a foreign official
organisation (debit)
this should include interest income receivable on

foreign currency assets held abroad and also interest paid on foreign debt held by government and
government owned public utilities and agencies.
this section covers distributed earnings of

foreign controlled companies or profits remitted
in the case of branches or interest payments
made to principals.
Share of undistributed earnings of companies with

foreign shareholdings. This includes earnings of
branches of foreign companies unremitted
(including banking companies)
Tourists and other temporary visitorss foreign

exchange expenditure
Bunkers, supplies of jet fuel, and repair services

at ports and airports
Passenger fares
Freight and insurance charges on exports and

inports
Brief Description
Shipment
Nomenclature
3 and 4
Item Nos.
(Credit and Debit)
Other transfers of
resident official
Other transfers of
foreign official
43 and 44
Interofficial transfers
39 and 40
41 and 42
Other private
transfers
Workers remittances
Migrants transfer
(Contd)
This covers claims received from foreign social

security institution, pensions and scholarships, etc.
on the debit side, paymnts by private individuals
and organisations to foreign governments (foreign
social security institutions) and consular and
visa-fee payments.
This includes some transfers to resident governments like taxes from non-residents (like foreign
company registration fees) or on the debt side
official transfers to private entities abroad like
pension payments.
On the receipts side, contra-entries for all grants

for technical assistance; also cancellation of
debt is included in this item. Debits include
actual grant figures.
Personal remittances of a special nature such as

pensions and social security receipts/payments
and all gilts
Remittance of workers I.e. those who are for

regular employment but either than those in
business. Also personal remittance by persons
employed under technical assistance.
Remittance received /paid from/for temporary

migrants abroad other than those seeking
employment or initial arrivals
This will cover:

(i) value added from re-exports
(ii) local expenses of offshore companies
(iii) motion picture film rental and management fees
(iv) net transactions from life insurance corporations
i.e all non-merchandise insurance and non-trade
services obtained from abroad.
other goods, services

and incomes, Nie.
Receipts/payments for patents and royalties.
Personal income earned/ remitted in respect of

workers who stay outside the country of their
residence for less than one year I.e. for
temporary employment.
All foreign embassy receipts and payments for

diplomatic missions abroad including expenditures
incurred by UN agencies and the agencies like
the World Bank, IMF and ADB.
A miscellaneous category (like sale of embassy

buildings, for instance)
Brief Description
Property income, Nie
Labour income, Nie.
Other resident
official, Nie
Other resident
official, Nie
Nomenclature
37 and 38
35 and 36
33 and 34
31 and 32
29 and 30
27 and 28
25 and 26
23 and 24
Item Nos.
(Credit and Debit)
EXHIBIT B: ESTIMATION OF INVISIBLE ACCOUNTS - A COMPARISON OF RBI CLASSIFCATION WITH THE IMF CLASSIFICATION (IMF BOP Yearbook)
Balance of Payments
8
Item numbers 3 and 4 (insurance component only).This item

also includes surplus funds received by Indian Insurance
companies from abroad (Item numbers 31 and 32)
3 Insurance
Note:
The recording of transportation and insurance transactions on a gross basis and their reclassification from merchandise to invisibles from part of the ongoing efforts to refine and disaggregate the balance of payments statistics.
Source: IMF, Balance of Payments Statistics, Yearbook, Volume 35, Part I, 1984
(ii) Private
(I) Official
Item numbers 21 and 22, 23 and 24, 39 and 40, 41 and 42

and 43 and 44
Item numbers 33 and 34, 35 and 36, 37 and 38.
Item no 29 and 30
6. Miscellaneous
7 Transfer Payments
Item numbers 23 and 24 and 25 and 26
5 Government N.i.e.
Compensation to employees
Item numbers 11 and 12, 13, 14 ,15 and 16, 17and 18 and 19
and 20
Item numbers 27 and 28
Item numbers 3 and 4 (freight component only) and also 5

and 6 (passenger fares) and item numbers 7 and 8 (port
services)
2 Transportation
Investment Income
Item numbers 9 and 10 (including the relevant share from

unclassified receipts
1 Travel
4. Income :
Corresponding Item Nos in above IMF Classification
Nomenclature
II. RBI Classification
EXHIBIT B: ESTIMATION OF INVISIBLE ACCOUNTS - A COMPARISON OF RBI CLASSIFCATION WITH THE IMF CLASSIFICATION (IMF BOP Yearbook) (Concluded)
9
Balance of Payments
Balance of Payments 10
imports on payments basis, a major cause for the difference in merchandise imports is that customs (DGCI
and S) data do not cover import of defence stores including defence equipment, while the RBI data cover
the same as and when these imports are paid for. Besides, RBI data have a lead in payments in regard
to imports under external assistance and commercial borrowings as the RBI records them when the payments
are made to suppliers while the DGCI and S data cover them when the goods arrive in the country in accordance
with the recommendations of the report of the technical group on reconciling balance of payments and
DGCI and S data sources on merchandise trade. Data on gold and silver brought in by the Indians returning
from transfer receipts since 1992-93 abroad have been included under import payments with contra entry
under private transfer receipts.
As the data in text Table 1 shows, the differences between the two sources have got widened, particularly
in the latter half of the last decade when defence purchases seems to have got expanded; it is quiet likely
that leads and lags between shipments and payment receipts may have also got widened.
Table 1: Indias Foreign Trade : A Comparison of DGCI & S and RBI Data
(Rupees, Crore)
Exports
DGCI and S
(1)
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
1990-91
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
(2)
6711
7806
8803
9771
11744
10895
12452
15674
20232
27658
32558
69751
82674
106353
118817
130101
139753
159561
203571
209018
255137
291582
RBI
(3)
6666
7766
9137
10169
11959
11578
13315
16396
20647
28229
33153
71146
84329
108481
121194
132703
144436
165993
205287
214351
254022
288769
Imports
Difference
(2-3)
(4)
45
40
-334
-398
-215
-683
-863
-722
-415
-571
-595
-1395
-1655
-2128
-2377
-2602
-4683
-6432
-1716
-5333
1115
2813
DGCI and S
(5)
12549
13608
14293
15831
17134
19658
20096
22244
28235
35328
43193
73101
89971
122678
138920
154176
178332
215236
230873
245200
297206
353976
RBI
(6)
12876
14260
15856
17093
18680
21164
22669
25693
34202
40642
50086
83869
112749
146542
173753
190508
199914
240112
270663
274778
316450
365641
Trade Balance
Difference
(5-6)
(7)
DGCI and S
-327
-652
-1563
-1262
-1546
-1506
-2573
-3449
-5967
-5314
-6893
-10768
-22778
-23864
-34833
-36332
-21582
-24876
-39790
-29578
-19244
-11665
(8)
-5838
-5802
-5490
-6060
-5390
-8763
-7644
-6570
-8003
-7670
-10635
-3350
-7297
-16325
-20103
-24075
-38579
-55675
-27302
-36182
-42069
-62394
RBI
(9)
-6210
-6494
-6719
-6924
-6721
-9586
-9354
-9297
-13555
-12413
-16933
-12723
-28420
-38061
-52559
-57805
-55478
-74119
-65376
-60427
-62428
-76872
Difference
(8-9)
(10)
372
692
1229
864
1331
823
1710
2727
5552
4743
6298
9373
21123
21736
32456
33730
16899
18444
38074
24245
20359
14478
Sources : Various issues of RBI Bulletin
III
An Overview of Indias Balance of Payments
Appendix Tables 1(A) to 5 present a detailed account of all the major components of Indias balance
of payments for about 54 years since 1950-51. A few special tables amongst them give further details
of some important sub-categories of invisibles and capital transactions. A text Table 2, depicts a profile
of end-year foreign exchange reserves including annual transactions with the IMF. A separate table presents
rest of the world account transactions as tabulated by the Central Statistical Organisation (CSO) in its
National Accounts Statistics (Appendix Table 6). A few analytical tables such as the one on financing of
current account deficit (Table 3) and another on selected indicators of BOP (Table 4) are also presented
as text tables. They make an attempt to provide a perspective of macro analysis that is possible of BOP
statistics. Apart from exports and imports of goods and services, the table on rest of the world account
provides data on (a) compensation of employees from, and to, the rest of the world; and (b) property and
entrepreneurial income similarly from, and to, the rest of the world. The objective of this note is to present
these data for use by research scholars and others and not to provide any detailed analysis. However,
11 Balance of Payments
opportunity is taken to make a few observations on what these mass of data reveal
essentially as a lead for their users.
First, there has occurred a quantum leap in
the proportion of Indias exports in GDP. For
over three decades, merchandise exports had
constituted around 4 to 5 per cent of GDP but
this has jumped to about 8 to 9 per cent in
the 1990s (Table 4 in the text) and over 10
per percent in the latest two years. Further,
it is revealed that inclusive of exports of
services, the rise in the ratio of goods and
services to GDP has been much sharper, from
about a range of 8-9 per cent to 18-19 per cent.
Significantly, the rise in export earnings has
been accompanied by similar sizeable increase
in imports as percentage of GDP. Although
the physical trade to GDP ratio has not shown
Graph 1
Export and Import as Percentage of GDP
30
25
Percentage
20
15
10
30
25
20
15
10
5
2003-04
2001-02
1999-00
1997-98
1995-96
1993-94
Years
Total Merchandise as % to GDP
2003-04
2001-02
1999-00
1997-98
1995-96
1993-94
1991-92
1989-90
1987-88
1985-86
1983-84
1981-82
1979-80
1977-78
1975-76
Graph 3
Financing CAD
80000
70000
60000
50000
30000
20000
10000
2002-03
2000-01
1998-99
1996-97
1994-95
1992-93
1990-91
1988-89
1986-87
1984-85
1982-83
1980-81
1978-79
1976-77
1974-75
1972-73
1968-69
1966-67
1964-65
1962-63
0
-10000
1960-61
Rs Crore
40000
1970-71
1991-92
1989-90
1987-88
1985-86
1983-84
1981-82
1979-80
1977-78
1975-76
1973-74
1971-72
1969-70
1967-68
1965-66
1963-64
0
1961-62
Imports as % to GDP
any significant expansion in the second half

of the 1990s, the ratio has significantly improved in this millenium. On the other hand,
exports of services as percentage of GDP has
witnessed a more rapid and continuous rise.
It has grown from about 2.5-3.5 per cent for
about two decades until the early 1990s to 5
per cent in 1995-96 and to 8.8 per cent in 200304, the most commendable feature being that
the growth in exports of both goods and services have come about despite around 8 per
cent appreciation of the rupee against the dollar
in these two years; of course, in REER terms,
there has not been any change in the value of
the rupee.
Secondly, the current account deficit a
crucial macro economic indicator has faced
Graph 2
Percentages
1973-74
Years
Exports as % to GDP
Total Merchandise as % to GDP
a chequered trend. As percentage of GDP,

it was around 2 per cent during the high
investment phases of the second and third
five-year plan periods (1956-57 to 1965-66)
and also during the decade of the 1980s.
Interestingly, the 1990s in particular have
shown the lowest relative current account
deficit so much so that by 2001-02, there
has arisen a current account surplus, which
has continued has continued till the first
quarter of 2004-05. Earlier, such a surplus
was experienced in the mid-1970s when the
national economy had similarly experienced
an investment famine.
1971-72
1969-70
1967-68
1965-66
1963-64
1961-62
-20000
Years
External assistance
Commercial Borrowings
Foreign Investments
NRI Deposits
2001-02
Thirdly, again, in the financing of current

Graph 4
deficit (text Table 3 and Graph 3), there has
Import Cover
occurred a significant change in the relative
60000
12.0
importance of various sources of finance
in this respect. While the role of external
50000
10.0
assistance has declined in the 1990s, the
importance of private investment flows,
40000
8.0
NRI deposits and commercial borrowings,
30000
6.0
has increased. Separate information provided on the first two items of investment
20000
4.0
flows [Appendix Tables 3A, 3B and 3C]
and NRI deposits (Appendix Tables 4A
10000
2.0
and 4B) speak of their importance in absolute numbers.
0
0.0
Finally, above all, it is the phenomenal
expansion in foreign currency assets in the
1990s that stands out. As indicated in the
Years
text Table 2, the countrys foreign exchange
Forex Reserves
Import Cover
reserves had generally remained low after
the sterling balances were brought down in the early phase of planning. The years when the reserves formed
more than three months import requirements, as in the 1970s and the early 1980s, were periods of considerable
recessionary conditions in Indian industry; in the early 1980s the reserves were also supported by the IMF drawals.
The same phenomena of recession as well as IMF and other exceptional drawings were prevalent in the
early 1990s; thereafter the foreign exchange reserves began to rise. But, the increases in reserves that have
occurred after 1995-96 or thereabout are of a different genre. Not only have there been no IMF borrowings
(in fact all repurchase obligations have been cleared), the recessionary conditions have not been as severe
as in, for instance, in the 1970s. In fact, inflows have been quite sizeable as a result of reduced merchandise
deficits, rapid increases in private inward remittances, and higher capital flows - all of which could not
probably have been absorbed even if the tempo of investment was stepped up.
Notes
[Acknowledment: An original note on the subject was published in the Economic and Political Weekly (EPW) of November
13-20, 1993. The same has been thoroughly revised and updated by Ms. Shilpa Jain for publication on the website
www.epwrf.res.in Mrs. Rema K. Nair undertook page-making.]
1
2
3
4
5
International Monetary Fund, Balance of Payments Manual, Fourth Edition, 1971.

The Reserve Bank of India has compiled and published its own manual setting out the concepts and methodology, the main
constitutents of BoP and source of data used. See Reserve Bank of India (1987), Balance of Payments Compilation Manual,
October, 1987.
See International Monetary Fund, Balance of Payments Statistics (various yearbook volumes)
See RBI,op cit, pp 21-22.
Portfolio investment mainly includes FIIs investment, funds raised through GDRs/ADRs by Indian companies and through
offshore funds. Data on investment abroad, hitherto reported, have been split into equity capital and portfolio investment since
2000-01.
A detailed note on the SDDS has been published by the EPW Research Foundation (2003) ; it is: International Reserve,
Foreign Currency Liquidity and External Debt: Data template, Economic and Political Weekly, September 30, 2003.
Symbols and Abbreviations
1. The following symbols have been used throughout the article.

..
= data not available
-, 0
= nil or negligible
.
= Denotes data not available separately and has been clubbed elsewhere.
2.
f.o.b. = free on board
c.i.f- cost, insurance and freight.
3.
NR(E)RA = Non-Resident (External) Rupee Account
4.
FCNR (B) = Foreign Currency Non-Resident (Banks)
5.
FCNR (A) = Foreign Currency Non-Resident (Accounts)
SDRs
(2)
92
112
194
226
230
229
211
192
170
381
545
497
444
291
248
181
161
232
Year
(1)
1950-51
1951-52
1952-53
1953-54
1954-55
1955-56
1956-57
1957-58
1958-59
1959-60
1960-61
1961-62
1962-63
1963-64
1964-65
1965-66
1966-67
1967-68
1968-69
1969-70
1970-71
1971-72
1972-73
1973-74
1974-75
1975-76
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
Foreign
Currency
Assets
118
118
118
118
118
118
118
118
118
118
118
118
118
118
134
116
183
183
183
183
183
183
183
183
183
183
188
193
220
225
226
226
226
226
246
274
274
911
747
763
792
774
785
563
303
261
245
186
180
177
188
116
182
296
356
394
546
438
480
479
581
610
1492
2863
4500
5220
5164
4822
3355
4265
5498
6817
7384
7645
(In Rs Crore)
(3)
(4)
Gold
1029
865
881
910
892
903
681
421
379
363
304
298
295
306
250
298
479
539
577
821
733
857
888
994
1022
1886
3243
4863
5821
5934
5545
4025
4782
5972
7243
7819
8151
(5)
Total
123
148
269
297
296
293
234
217
200
470
662
603
473
291
230
145
131
179
(6)
SDRs
Foreign
Currency
Assets
247
247
247
247
247
247
247
247
247
247
247
247
247
247
281
243
243
243
243
243
243
264
293
293
304
281
290
319
377
375
370
335
324
320
325
417
471
1914
1568
1603
1664
1626
1648
1184
637
548
515
390
377
372
395
243
383
395
475
526
728
584
661
629
736
782
1657
3240
5305
6421
6324
5850
3582
4281
5099
5482
5972
5924
(In US Dollar Million)

(7)
(8)
Gold
2161
1815
1850
1911
1873
1895
1431
884
795
762
637
624
619
642
524
626
638
718
769
1094
975
1194
1219
1325
1379
2172
3747
5824
7268
7361
6823
4390
4896
5649
5952
6520
6574
(9)
Total
Repurchases
17
17
7
6
24
11
61
24
48
36
43
43
59
125
153.8
303
249
207
55 $
5 $$
72(a)
156(b)
253 c)
672(d)
(In Rs Crore)
(11)
61
35
119
12
48
66
89
68
62
485
207
274 @
637@@
1893@@
1414@@
219@@
-
(10)
Drawings
48
48
48
30
13
6
61
95
95
71
61
119
131
107
107
137
313
338
279
154
59
557
804
492
210
268
901
2867
4444
4888
5285
5548
(12)
126
72
249
25
99
137
126
89
79
608
239
342
692
1968
1376
201
-
(13)
OutDrawings
standing
Repurchase
Obligations
36
36
15
12
50
23
127
50
100
75
57
58
78
167
205
336
333
256
145
16
40
70
134
209
521
100
100
100
64
28
13
128
200
200
150
128
250
275
225
225
288
418
450
372
205
75
715
896
559
249
327
964
2876
4150
3932
4290
4291

(14)
(15)
RepurOutchases
standing
#
Repurchase
Obligations
Transactions with the IMF
Table 2: Foreign Exchange Reserves : 1950-51 to 2003-04
Foreign Exchange Reserves
(16)
-
Reserve
Position
in the
Fund
(Contd)
19.0
10.8
16.7
18.4
15.5
14.0
7.4
4.1
4.4
4.7
3.3
3.5
3.2
2.9
2.1
2.6
2.7
3.1
3.9
6.2
4.8
5.0
5.2
4.4
2.9
4.2
7.4
9.9
9.2
7.3
5.0
3.4
3.6
4.1
4.5
4.5
4.4
(17)
Reserves
in terms
of no of
months of
Imports
125
161
184
200
233
55
339
23
280
7
4
34
16
11
50
19
10
1987-88
1988-89
1989-90
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
274
274
281
6828
9039
10549
12794
13752
15658
14557
13394
12559
12973
12711
14868
16785
18216
7287
6605
5787
4388
14578
20140
47287
66005
58446
80368
102507
125412
152924
184482
249118
341476
466215
7686
7040
6252
11416
23850
30744
60420
79780
74384
94932
115905
138005
165913
197204
264036
358280
484441
(5)
Total
97
103
107
102
90
18
108
7
82
2
1
8
4
2
10
4
2
(6)
SDRs
Foreign
Currency
Assets
(In Rs Crore)
(3)
(4)
Gold
Foreign
Currency
Assets
508
473
487
3496
3499
3380
4078
4370
4561
4054
3391
2960
2974
2725
3047
3534
4198
5618
4226
3368
2236
5631
6434
15068
20809
17044
22367
25975
29522
35058
39554
51049
71890
107448

(7)
(8)
Gold
6223
4802
3962
5834
9220
9832
19254
25186
21687
26423
29367
32490
38036
42281
54106
75428
111648
(9)
Total
Repurchases
1209(e)
1547(f)
1460(g)
1156(h)
1127(I)
868(j)
420(k)
3585(l)
5749(m)
3461(n)
2286(o)
1652(p)
-
4732
3696
2572
5132
8934
14986
15812
13545
8152
4714
2624
1220
-
(12)
1858
1240
1623
325
-
(13)
930
1070
873
647
460
335
134
1146
1710
977
615
102
-
3653
2365
1493
2623
3451
4799
5040
4300
2374
1313
664
287
-

(14)
(15)
RepurOutchases
standing
#
Repurchase
Obligations
Transactions with the IMF

OutDrawings
standing
Repurchase
Obligations
(In Rs Crore )
(11)
3334 &
3205@@
4231
1007
-
(10)
Drawings
633.5
671.6
630.0
296
299
331
310
291
283
663
658
616
610
672
1311
(16)
Reserve
Position
in the
Fund
3.8
2.4
1.9
2.5
5.3
4.9
8.6
8.4
6.0
6.5
6.9
8.2
8.2
8.2
11.3
13.8
17.0
(17)
Reserves
in terms
of no of
months of
Imports
(Rupees, Crore)
denotes nil.
Excludes Rs. 544.53 crore under Trust Fund.
Drawals under Extended Fund Facility(EFF) of Stand-by Arrangement
Drawals of Rs. 2217.2 crore under Compensatory and Contingency Financing Facility and Rs. 987.5 crore under First Credit Tranche of Stand-by Arrangement
Includes voluntary repurchases of Rupees (Rs. 199 crore) and sales of Rupees by the IMF under its general Resource accout (Rs. 35.2 crore)
Sales of Rupees by the Fund.
Additionally, SDR 59.9 million in May 1979,SDR 59.9 million in July 1980 and SDR 34.5 million in March 1982 were used for repurchases of Rupees.
SDR 34.5 million were used for repurchases of dawals under Compensatory Financing Facility.
SDR 33.25 million and Rs. 117.85 crore in foreign currencies were used for repurchases
(i)
SDR 337.49 million were used for repurchases of drawals under EFF.
of drawals under CFF.
(j)
(c) SDR 66.5 million and SDRs 131.25 million were used for repurchases of drawals
(k) SDR 95.84 million were used for repurchases of drawals under EFF.
under CFF and EFF respectively.
(l)
(d) SDR 431.25 million were used for repurchases of drawals under EFF.
(m) SDR 237.49 million were used for repurchases of drawals under EFF.
(e) SDR 704.17 million were used for repurchases of drawals under EFF.
(n) SDR 678.38 million were used for repurchases of drawals under EFF.
(f) SDR 804.18 million were used for repurchases of drawals under EFF.
(o) SDR 499.29 million were used for repurchases of drawals under EFF.
(g) SDR 681.25 million were used for repurchases of drawals under EFF.
(p) SDR 212.46 million were used for repurchases of drawals under EFF.
(h) SDR 468.75 million were used for repurchases of drawals under EFF.
Notes:
1) Figures after 1965-66 are not comparable with those of the earlier years owing to devaluation of th rupee in June 1966.
2) Also figures for July 1991 are not comparable with those of earler periods due to the downward adjustment of the Rupee effected on July 1 & 3, 1991.
3) Drawals, Repurchase and Outstanding repurchase Obligations are calculated at the ruling rates of exchange.
4) Gold is valued at Rs. 53.58 per 10 grams up to May 1966 and at Rs. 84.39 per 10 grams of gold up to September 1990 and closer to international market price w.e.f. October 17,1990.
5) Foreign Exchange includes a) Foreign assets of the Reserve Bank of India b) Government balance held abroad up to 1955-56.
6) While reserves pertain to end period, repurchases are for the relevant period.
7) Import cover is arrived at by dividing total reserves with imports (both in $ million) and multiplying the result by 12.
Sources: Government of India, Economic Survey (various issues) and RBI, Annual Report (various issues)
(2)
(1)
- :
@
@@
&&
$
$$
#
(a)
(b)
SDRs
Year
Table 2: Foreign Exchange Reserves : 1950-51 to 2002-03 (Concluded)
-499
1971-72
894
1124
-238
-553
-2214
1977-78
1978-79
1979-80
1980-81
1975-76
1976-77
-956
-178
1974-75
1112
656
455
882
1270
1219
854
377
508
504
-312
-445
1970-71
469
645
1135 @@465
-234
1969-70
831
822
475
544
388
343
214
219
175
218
36
-10
1973-74
-410
1968-69
22
-10
1972-73
-843
-807
1966-67
1967-68
-468
-349
1963-64
-510
-354
1962-63
1965-66
-307
1964-65
-392
1961-62
-431
1960-61
-313
1956-57
1957-58
-327
1955-56
-186
1954-55
1959-60
27
48
1953-54
1958-59
60
1952-53
-5
47
39
(3)
-163
(1)
Net
1951-52
(2)
Year
1950-51
Current
Account
Deficit
(CAD)
50.2
118.6
191.2
78.5
142.1
684.8
89.3
41.0
120.8
101.8
113.3
200.4
157.3
103.0
97.5
93.1
116.2
111.2
96.9
69.7
55.9
94.1
66.7
8.4
8.6
85.7
166.7
20.8
36.7
28.8
12.8
(4)
Percent
of CAD
1804
1198
933
1360
1651
1553
1137
872
663
758
735
684
830
1027
966
560
622
446
396
274
257
187
226
115
30
35
60
(5)
Drawals
External Assistance
691
542
478
478
381
334
283
407
286
249
231
215
185
195
144
85
78
57
53
60
38
12
79**
11
11
13
13
13
(6)
Repayments
199
44
164
34
163
231
156
72
54
10
16
(7)
Net
-9
-8
-69
18
-130
-16
-17
-2
-4
(8)
Percent
of CAD
316
115
253
116
235
291
195
102
77
30
27
(9)
Drawals
Commercial Borrowing
117
71
89
83
72
60
40
29
23
21
11
(10)
Repayments
Financed by
178
162
156
200
167
36
(11)
Net
8.0
29.3
65.5
17.8
18.7
20.2
(12)
Percent
of CAD
NRI Deposits
383
42
-74
-288
-306
218
485
62
75
-79
-30
-59
24
46
30
-24
12
58
-11
-24
35
55
-7
-17
-17
(13)
Net
IMF and SDR

Allocations
Table 3: Financing of Current Account Deficits : 1950-51 to 2003-04
70
24
-10
-26
-8
69
52
30
44
36
24
28
37
31
18
47
26
30
28
52
10
21
24
(14)
Net
12.7
10.1
0.9
2.9
4.5
7.2
4.6
9.6
8.8
8.1
10.3
6.8
4.6
3.7
3.5
10.0
7.4
0.0
9.8
7.1
28.0
3.1
0.7
6.7
342.9
133.3
16.7
6.7
2.5
10.3
(15)
Percent
of CAD
Foreign
Investments
(16)
Net
Other
Capital
Movement
in Reserves
-177
-52
513
-396
-766
-688
-601
-14
-182
-43
-121
-166
-14
-93
35
-179
-30
-3
-1
97
-33
57
98
-11
-19
-5
-69
-53
-9
(Contd)
516
-369
-1000
-1546
-1396
-830
-7
-84
33
-95
89
-238
-38
-71
37
-48
56
-11
59
16
42
260
221
-11
18
-29
-17
165
-29
Net inclu- (Decrease+ /

ding errors Increase-)
and omissions
(17)
(18)
Rupee Debt
Service
(Rupees, Crore)
-5830
-6293
-10410
-9830
-17366
-2235
-12763
-3634
-10582
-19646
-16281
-20883
-16789
-20331
-11598
16426
30660
47952
1986-87
1987-88
1988-89
1989-90
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
-12500
-15020
2002
5409
3485
3915
3998
3461
4798
3356
5748
5964
3965
7395
3210
3090
1808
2945
1407
1676
1125
1183
746
(3)
Net
26.1
49.0
17.3
32.9
20.8
19.3
24.6
16.6
45.3
17.1
45.0
164.1
22.8
330.9
30.8
31.4
31.0
46.8
49.0
28.1
34.3
35.7
26.3
(4)
Percent
of CAD
15269
13902
13521
16070
11507
13339
10893
10826
10025
10101
10172
10904
6095
10715
4860
4998
3056
-4614
1953
2481
1775
1925
1367
(5)
Drawals
External Assistance
27769
28922
11519
10661
8022
9424
7071
7365
5227
6895
4424
4940
2129
3320
1650
1909
1249
1669
546
805
650
741
622
(6)
Repayments
-6942
-8220
20171
-7528
18578
1447
10004
14601
3238
4548
-1095
1905
4035
3807
2743
2958
2513
1266
1110
1167
732
785
146
(7)
Net
-14
-27
-174
-46
-111
-7
-61
-70
-31
-23
9
-52
-23
-170
-26
-30
-43
-20
-39
-20
-22
-24
-5
(8)
Percent
of CAD
30073
16976
44455
12845
30645
13910
26867
27254
13041
14440
3583
9137
7630
7852
4265
4823
4304
3208
1472
1827
943
1054
373
(9)
Drawals
Commercial Borrowing
37015
25196
24284
20373
12067
12463
16863
12653
9803
9892
4677
7232
3595
4045
1522
1865
1791
1942
362
660
211
269
227
(10)
Repayments
16869
14424
10561
13127
4060
6709
11894
4325
539
3821
6097
3780
2756
1008
3636
4000
1650
1840
879
1767
383
709
206
(11)
Net
35.2
47.0
91.1
79.9
24.2
33.0
73.1
20.7
5.1
19.4
47.8
104.0
15.9
45.1
34.9
40.7
28.3
29.2
30.6
29.7
11.7
21.4
7.3
(12)
Percent
of CAD
NRI Deposits
-115
-
-1652
-1122
-3461
-2286
-3585
-5749
3363
587
2178
2077
-1547
-1460
-672
-1209
59
-265
1895
1351
635
(13)
Net
183
339
517
683
249
563
(14)
Net
67592
20098
35054
31920
9737
22184
21162
19832
15088
15624
141.0
65.6
302.2
194.3
58.0
109.1
130.0
95.0
142.6
79.5
13.3
365.5
1.1
15.2
5.0
6.9
4.3
8.9
(15)
Percent
of CAD
Foreign
Investments
1699
13281
IMF and SDR

Allocations
Other
Capital
Movement
in Reserves
-1758
-2306
-2760
-2457
-3308
-3059
-2542
-2784
-3090
-3106
-2335
-3302
-2140
-2785
517
683
249
563
36371
45667
-14396
5045
2072
16675
-4681
-1987
7811
-9334
1768
8786
4096
-256
1572
886
-450
-69
342
904
-228
59
-513
-143994
-82037
-27528
-56593
-16593
-26648
-20759
-14367
-14575
9798
-2481
-27366
2293
-9351
1449
1232
732
956
-926
707
-625
-773
1618
Net inclu- (Decrease+ /

ding errors Increase-)
and omissions
(16)
(17)
(18)
Net
Rupee Debt
Service
(Rupees, Crore)
Includes silver dispatched to USA and delivered to the American embassy values at Rs. 64.8 crore during April-June 1957 and Rs. 9.6 crore during June-September 1957 in fulfilment of
lead-lease obligations.
#
Includes India Development Bonds
@ Other capital includes banking capital net of non-residents deposits but excludes short-term capital.
@@ The net figure as per latest data is -1123, which is after excluding certain prepayments.
Notes: * Receipts/disbursements for the year 1973-74 exclude Rs. 1664 crore as official grant receipts/amortisation under the agreement dated Feb.18, 1974 between the government of India
and USA.
Signs have been ignored in columns 4, 8, 12, 15
Source: RBI Bulletin, August 2004 and earlier issues
-2873
-5956
1984-85
1985-86
**
-2839
-3280
-3316
(1)
1982-83
1983-84
(2)
Year
1981-82
Current
Account
Deficit
(CAD)
Financed by
Table 3: Financing of Current Account Deficits : 1950-51 to 2002-03 (Concluded)
3.1
2.8
3.5
1963-64
1964-65
1965-66
1966-67
5.2
1976-77
1979-80
5.7
1975-76
5.4
5.0
1974-75
5.1
4.1
1973-74
1978-79
3.6
1972-73
1977-78
3.2
3.7
1971-72
3.1
3.6
1962-63
1970-71
3.5
1961-62
3.3
3.7
1960-61
1969-70
3.7
1959-60
3.4
4.0
1958-59
3.5
3.9
1957-58
1968-69
5.0
1956-57
1967-68
5.9
4.9
1955-56
4.8
5.6
1954-55
5.8
1952-53
1953-54
6.5
6.9
1951-52
(2)
(1)
1950-51
Export as
Percentage
in GDP
Year
8.1
7.1
5.9
6.1
6.4
5.8
4.4
4.0
4.2
4.0
3.7
4.6
5.6
6.4
4.9
5.4
5.5
5.6
5.5
6.4
5.9
6.9
9.2
8.5
7.1
6.5
5.2
6.1
9.1
6.5
(3)
Import as
Percentage
in GDP
8.6
12.2
11.3
11.8
11.5
9.9
8.0
7.7
7.4
7.1
7.0
8.1
9.1
9.8
7.8
8.5
9.1
9.09
9.20
10.12
10.0
10.8
14.2
13.4
13.0
12.0
10.0
11.9
16.0
13.1
(4)
2.4
1.8
1.7
1.3
1.2
0.4
2.5
-0.3
0.0
-0.1
-0.1
0.0
0.0
0.2
0.3
0.6
0.4
0.3
0.2
0.5
0.7
0.8
1.0
1.2
1.3
0.9
0.9
0.9
0.7
0.4
(5)
Net
3.6
2.9
2.7
2.5
2.2
1.3
3.5
1.0
1.1
1.1
1.0
1.2
1.2
1.5
1.3
1.5
1.5
1.5
1.3
1.5
1.6
1.7
1.9
2.1
2.4
1.9
1.7
1.9
1.7
1.4
(6)
Rec
Invisibles as
Percentage
of GDP
1.2
1.1
1.0
1.1
1.0
0.8
1.0
1.2
1.2
1.2
1.2
1.2
1.2
1.3
1.0
1.0
1.0
1.1
1.1
1.0
0.9
0.9
0.9
0.9
1.1
1.0
0.8
1.0
1.0
1.0
(7)
Pay
8.9
8.0
8.1
8.2
7.2
5.4
7.1
4.6
4.3
4.2
4.3
4.8
4.6
4.9
4.1
4.6
5.0
4.9
5.0
5.2
5.7
5.6
6.9
7.0
8.2
7.5
6.5
7.7
8.6
7.9
(8)
Exports of
Goods and
Services as
Percentage
of GDP
(2+6)
9.3
8.2
7.0
7.2
7.4
6.6
5.3
5.2
5.4
5.2
4.9
5.8
6.8
7.6
5.9
6.4
6.6
6.7
6.6
7.5
6.8
7.8
10.1
9.4
8.2
7.5
6.1
7.1
10.2
7.5
(9)
Imports of
Goods and
Services as
Percentage
of GDP
(3+7)
-0.5
-0.2
1.1
1.0
-0.2
-1.2
1.7
-0.6
-1.0
-1.0
-0.5
-1.1
-2.2
-2.7
-1.8
-1.8
-1.6
-1.8
-1.7
-2.3
-1.2
-2.2
-3.2
-2.4
0.1
0.1
0.4
0.6
-1.5
0.4
(10)
GDP
-2.2
-1.0
6.0
5.6
-1.3
-7.3
10.0
-3.8
-6.4
-6.3
-3.7
-8.0
-15.6
-15.9
-11.4
-12.6
-10.9
-12.1
-12.4
-15.9
-9.4
-18.3
-23.2
-16.1
0.5
0.6
5.5
7.3
-14.0
4.5
(11)
GDCF
Current
Account
Deficit as
Percentage
of:
Table 4: Balance of Payments-Selected Indicators : 1950-51 to 2001-02
Merchandise
as percentage
of GDP
622.1
929.4
-53.1
-34.7
664.6
134.6
-44.9
54.0
95.2
91.9
73.1
103.7
99.3
107.2
114.1
132.5
126.9
117.5
110.5
121.2
160.8
138.5
130.9
149.2
-1900.0
-1550.0
-108.3
-51.7
143.6
-7.7
(12)
Merchandise
Deficit as
Percentage
of Current
Account
Deficit
-83.9
-89.2
-288.4
-388.5
-84.9
-25.7
-322.7
85.7
5.1
9.1
36.3
-3.5
0.6
-6.6
-12.5
-24.4
-21.0
-14.9
-9.2
-17.3
-37.8
-27.6
-23.4
-33.0
-105.3
-106.5
-194.2
-300.0
-30.3
-1366.7
(13)
Net Invisibles
as Per Cent of
Merchandise
Deficit
51.22
50.18
185.59
245.81
38.38
18.26
30.98
66.07
24.42
24.7
57.3
21.6
9.0
8.1
13.4
6.8
10.6
9.6
12.1
9.5
18.7
12.8
11.0
13.7
43.6
54.8
92.3
167.7
20.5
1366.7
(14)
Merch.
Deficit
(Contd)
40.2
34.9
40.0
34.6
25.0
23.9
6.9
21.6
21.3
20.4
22.3
19.1
16.5
15.9
22.5
10.3
14.4
14.1
17.4
17.3
22.0
22.9
24.9
24.1
22.6
24.8
25.0
26.7
26.7
29.5
(15)
Inv.
Rec.
Gross Private
Transfer as
percentage
of:
17
Balance of Payments
10.7
2003-04
13.3
12.6
11.8
12.7
12.4
11.5
12.5
12.7
12.3
11.1
9.8
9.6
7.9
8.8
8.4
8.1
7.3
7.3
7.6
7.6
7.8
8.4
8.5
9.0
(3)
Import as
Percentage
in GDP
24.0
23.2
21.1
22.6
20.8
19.8
21.2
21.6
21.5
19.5
18.0
16.9
14.8
7.3
14.2
13.0
11.9
11.6
11.8
12.5
12.4
13.3
5.4
13.6
(4)
Merchandise
as percentage
of GDP
4.3
3.2
3.1
2.2
2.9
2.2
2.4
2.7
1.6
1.8
1.1
0.6
0.7
-0.1
0.2
0.5
0.8
1.1
1.3
1.6
1.6
1.8
2.2
2.8
(5)
Net
8.8
8.2
7.7
7.1
6.8
6.2
5.7
5.6
5.0
4.8
4.1
3.6
3.6
2.4
2.6
2.6
2.6
2.7
2.8
3.4
3.1
3.2
3.4
3.9
(6)
Rec
Invisibles as
Percentage
of GDP
4.5
4.9
4.6
4.9
3.8
4.0
3.2
2.9
3.5
3.1
3.1
3.0
2.9
2.4
2.4
2.1
1.8
1.5
1.5
1.8
1.5
1.4
1.2
1.2
(7)
Pay
19.5
18.7
17.0
17.0
15.2
14.5
14.4
14.4
14.1
13.1
12.4
10.9
10.5
8.2
8.4
7.5
7.2
6.9
7.0
8.2
7.8
8.1
8.0
8.6
(8)
Exports of
Goods and
Services as
Percentage
of GDP
(2+6)
* =
Estimated, Rec.:- Receipts
Pay.:- Payments , GDCF:- Gross Domestic Capital Formation.
- :Not Available, Exp.:-Exports, Imp.:-Imports
Notes:
GDP figures for 2000-01 are provisional.
GDP figures are taken at current market prices
GDP figures for 2001-02 are quick estimates.
In Columns 13 & 14, signs are ignored.
Sources: RBI, Report on Currency and Finance, (various issues), and RBI, Annual Report, (various issues).
9.3
9.9
2000-01
10.5
8.4
1999-00
2002-03*
8.3
1998-99
2001-02
8.7
1997-98
5.8
1990-91
8.9
5.8
1989-90
1996-97
4.9
1988-89
9.1
4.6
1987-88
8.3
4.3
1986-87
1995-96
4.2
1985.86.
1994-95
4.9
1984-85
8.3
4.6
1983-84
1993-94
4.9
1982-83
6.9
4.6
1981-82
7.3
4.6
1980-81
1992-93
(2)
(1)
1991-92
Export as
Percentage
in GDP
Year
17.7
17.5
16.3
17.6
16.2
15.5
15.8
15.6
15.8
14.2
12.8
12.6
10.8
11.2
10.7
10.2
9.0
8.8
9.1
9.4
9.3
9.8
9.6
10.1
(9)
Imports of
Goods and
Services as
Percentage
of GDP
(3+7)
1.7
1.2
0.7
-0.6
-1.0
-1.0
-1.4
-1.2
-1.7
-1.0
-0.4
-1.7
-0.3
-3.1
-2.3
-2.7
-1.8
-1.9
-2.1
-1.2
-1.5
-1.7
-1.7
-1.5
(10)
GDP
5.3
3.1
2.3
-4.1
-4.3
-5.6
-4.9
-6.2
-4.0
-1.8
-7.2
-1.5
-11.6
-9.5
-11.6
-7.9
-8.9
-9.9
-5.8
-8.1
-8.9
-8.4
-7.6
(11)
GDCF
Current
Account
Deficit as
Percentage
of:
148.8
168.6
334.6
489.2
380.5
330.4
276.8
322.8
193.7
268.5
350.1
135.1
290.6
97.5
109.0
117.1
147.7
160.4
160.9
233.9
208.8
204.8
228.7
280.5
(12)
Merchandise
Deficit as
Percentage
of Current
Account
Deficit
Table 4: Balance of Payments-Selected Indicators : 1950-51 to 2001-02 (Concluded)
167.2
-159.3
129.9
79.6
79.6
-69.7
-63.9
-69.0
-48.4
-62.8
-71.4
-26.0
-65.6
2.6
-8.3
-14.6
-32.3
-37.7
-37.9
-57.3
-52.1
-51.2
-56.3
-64.4
(13)
Net Invisibles
as Per Cent of
Merchandise
Deficit
151.40
168.30
139.80
107.10
68.87
78.40
76.00
84.11
75.59
89.63
130.33
65.32
145.04
22.07
30.81
28.54
38.01
31.98
22.07
44.37
38.24
36.18
32.08
34.41
(14)
Merch.
Deficit
42.4
42.9
43.9
41.1
40.5
40.1
50.9
58.1
48.4
52.2
46.7
41.6
40.2
27.9
30.6
35.4
38.1
36.1
26.9
36.2
38.4
40.1
36.8
37.7
(15)
Inv.
Rec.
Gross Private
Transfer as
percentage
of:
Memo Items :
Non-monetary gold
movement(Net)
0
73
1822
1748
-15
-61
-120
1031
1151
-45
164
82
1646
1564
-8
1355
1366
88
293
203
-8
176
182
-29
31
61
-25
17
17
0
-6
21
27
-36
27
63
46
80
34
0
0
0
-8
176
182
(4)
-163
909
1072
-233
730
964
71
179
108
43
122
79
-10
16
26
30
60
60
0
-1
12
13
-29
2
30
23
33
10
0
0
0
43
122
79
(3)
(2)
(1)
(1) Current Account(Net)

39
Receipts
786
Payments
747
(a) Merchandise
-4
Exports f o b
647
Imports c i f
650
(b) Invisibles (Net)
42
Receipts
140
Payments
97
(2) Capital Acount (Net)
-4
Receipts
84
Payments
87
(a) Private (Net)
-14
Receipts
15
Payments
29
(b) Official (Net)
-12
(I) Loans
8
Receipts
8
Payments
0
(ii) Amortisation
-3
Receipts
10
Payments
13
(iii) Miscellaneous
-17
Receipts
13
Payments
30
(c) Banking excluding RBI
22
Receipts
38
Payments
16
(3) IMF (SDR Allocation)
0
Receipts
0
Payments
0
(4) Capital Account, IMF and SDR Allocation -4
Receipts
84
Payments
87
(5) Total Current Account, Capital Account
IMF and SDR Allocation
35
Receipts
870
Payments
835
(6) Errors and Omissions
-7
(7) Reserves and Monetary Gold
-29
Rs Cr
$ Mn
-252
2165
2417
-95
345
-342
1909
2251
-489
1534
2025
150
376
226
90
256
166
-22
33
54
63
125
126
0
-3
25
27
-60
4
64
48
69
21
0
0
0
90
256
166
(5)
$ Mn
1951-52
Rs Cr
1950-51
-18
84
102
-26
17
60
795
735
-31
602
633
91
193
102
60
795
735
-6
22
28
29
35
35
0
-3
10
13
-3
8
11
-36
14
50
0
0
0
-18
84
102
(6)
Rs Cr
-37
176
214
-54
35
126
1671
1544
-65
1264
1330
192
406
214
126
1671
1544
-12
46
59
61
74
74
0
-7
20
27
-6
17
24
-76
30
105
0
0
0
-37
176
214
(7)
$ Mn
1952-53
1954-55
1955-56
(9)
100
1534
1435
-109
1134
1243
209
401
192
-8
132
139
-23
50
41
18
3
3
0
-6
17
24
21
27
6
-3
34
37
-36
0
36
-44
132
176
27
56
793 1666
767 1611
2
5
-29
-61
47
730
683
-52
540
592
100
191
91
-4
63
66
-11
24
19
9
2
2
0
-3
8
11
10
13
3
-1
16
17
-17
0
17
-21
63
84
(8)
-12
73
85
-18
11
6
801
795
-93
597
690
99
205
105
5
73
67
-5
27
31
17
1
1
0
11
22
11
6
7
12
4
17
13
-17
0
17
92
215
123
(10)
-25
153
178
-37
22
13
1683
1670
-195
1253
1449
208
430
221
11
153
142
-10
56
66
36
1
1
0
23
45
22
12
15
26
9
37
27
-36
0
36
193
451
258
(11)
28
982
954
-18
-11
7
890
896
-133
640
773
139
256
116
29
86
57
10
39
26
9
9
9
0
6
9
4
-6
8
14
9
23
14
-7
0
7
21
86
64
(12)
59
2063
2004
-37
-22
14
1869
1883
-279
1345
1624
292
538
245
60
180
120
22
83
54
19
20
20
0
12
20
8
-12
17
29
19
48
29
-15
0
15
45
180
135
(13)
Rs Cr $ Mn Rs Cr $ Mn Rs Cr $ Mn
1953-54
Appendix 1(A): Balance of Payments : 1950-51 to 1989-90
-221
1115
1336
0
-221
-313
901
1214
-467
635
1102
154
266
111
37
154
117
-22
37
59
72
30
30
0
3
7
3
38
55
18
-13
25
37
55
61
6
92
215
123
(14)
Rs Cr
-464
2343
2808
-1
-465
-657
1892
2549
-981
1334
2315
324
558
234
78
324
246
-46
78
124
150
64
64
0
7
15
6
80
116
37
-26
52
78
115
128
13
193
451
258
(15)
$ Mn
1956-57
-252
1283
1535
8
260
-431
918
1349
-565
669
1233
133
249
116
145
331
186
4
50
46
153
100
115
15
-73
6
79
125
137
11
-11
24
35
35
35
0
179
365
186
(16)
Rs Cr
-529
2695
3225
17
546
-906
1928
2834
-1186
1405
2591
280
523
243
304
695
391
7
104
97
320
210
242
32
-153
13
166
263
287
24
-23
50
73
74
72
0
377
767
391
(17)
$ Mn
1957-58
-13
1249
1262
-29
42
-327
829
1156
-453
576
1029
253
127
126
314
419
106
-20
34
54
329
226
226
0
28
36
7
75
93
18
5
31
26
0
0
0
314
419
106
(18)
Rs Cr
-28
2623
2651
-61
89
-687
1742
2429
-952
1211
2162
532
267
265
659
881
222
-42
72
114
691
474
474
0
60
75
15
158
196
38
10
64
54
0
0
0
659
881
222
(19)
$ Mn
1958-59
9
1327
1318
-25
16
-186
888
1073
-299
633
932
113
254
141
218
439
221
-5
43
48
210
187
187
0
-12
1
12
35
172
137
13
36
24
-24
0
24
194
439
245
(20)
(Contd)
19
2787
2769
-51
34
-390
1864
2254
-628
1330
1959
238
534
296
458
922
464
-10
91
101
442
393
393
0
-25
1
26
73
360
287
26
76
50
-50
0
50
408
922
514
(21)
Rs Cr $ Mn
1959-60
19
Balance of Payments
Memo Items :
Non-monetary gold
movement(Net)
0
-14
1513
1527
8
6
-111
2920
3032
-13
124
(24)
-1252
2844
1209
-338
668
1006
31
234
203
234
491
258
-4
33
36
242
274
274
0
-58
2
60
26
140
114
-4
43
47
58
119
61
292
611
318
(23)
-824
1870
2695
-998
1326
2324
174
546
372
735
1048
313
36
109
74
681
529
540
11
-74
6
80
225
303
78
21
92
71
0
0
0
714
1048
336
(22)
(1)

-392
Receipts
890
Payments
1283
(a) Merchandise
-475
Exports f o b
631
Imports c i f
1106
83
Receipts
260
Payments
177
350
Receipts
499
Payments
149
(a) Private (Net)
17
Receipts
52
Payments
35
(b) Official (Net)
324
(I) Loans
252
Receipts
257
Payments
5
(ii) Amortisation
-35
Receipts
3
Payments
38
(iii) Miscellaneous
107
Receipts
144
Payments
37
10
Receipts
44
Payments
34
0
Receipts
0
Payments
0
(4) Capital Account, IMF and SDR Allocation 340
Receipts
499
Payments
160
-53
Receipts
1390
Payments
1443
-6
59
Rs Cr
$ Mn
-30
3179
3208
16
13
-2630
5975
2540
-709
1404
2113
66
492
426
491
1032
541
-8
69
76
508
576
576
0
-122
4
127
54
294
239
-9
89
98
123
250
128
614
1283
668
(25)
$ Mn
1961-62
Rs Cr
1960-61
-8
1526
1535
6
2
-2112
965
1319
-416
681
1097
62
284
222
334
550
216
-1
45
46
327
396
396
0
-51
2
53
-18
60
78
8
47
39
12
12
0
346
561
216
(26)
Rs Cr
-17
3207
3224
12
5
-4437
2027
2771
-874
1430
2304
130
597
467
701
1154
453
-2
95
96
686
831
831
0
-107
4
111
-38
125
164
17
99
82
25
25
0
726
1179
453
(27)
$ Mn
1962-63
1964-65
1965-66
(29)
-6244
2369
3103
-932
1684
2616
197
685
487
921
1324
402
11
101
90
909
936
936
0
-116
4
120
89
165
76
2
118
116
-50
0
50
871
1324
452
(30)
-3832
1208
1676
-620
801
1420
152
407
255
461
848
388
5
49
44
472
594
594
0
-63
5
67
-59
158
217
-17
42
60
0
48
48
461
986
435
65
137
-7
1758 3692 2104
1692 3555 2111
-55 -115
-49
-11
-23
56
-2972
1128
1477
-443
802
1245
94
326
232
439
630
191
5
48
43
433
446
446
0
-55
2
57
42
78
36
1
56
55
-24
0
24
415
630
215
(28)
(32)
-4692
1129
1640
-583
785
1368
73
345
272
542
923
381
3
52
60
530
531
531
0
-73
2
74
72
270
199
8
56
48
30
66
36
571
988
417
-16
61
4419 2118
4435 2057
-103
-12
118
-48
-8050
2537
3520
-1302
1683
2983
319
854
535
968
1782
815
11
103
92
992
1248
1248
0
-132
9
142
-124
333
456
-36
89
125
0
100
101
968
2071
915
(31)
127
4449
4321
-26
-101
-9857
2372
3446
-1226
1648
2874
153
724
572
1138
1938
801
7
110
126
1114
1116
1116
0
-153
3
156
150
568
417
17
118
101
63
138
75
1200
2076
876
(33)
1963-64
-50
3041
3091
13
37
844
1546
2390
-905
1087
1991
61
460
399
748
1406
658
11
84
73
741
906
906
1
-127
2
128
-39
316
355
-4
98
102
46
89
43
794
1495
701
(34)
Rs Cr
-70
4294
4364
19
52
1191
2183
3374
-1277
1534
2811
86
649
563
1056
1985
929
15
118
103
1046
1279
1280
1
-179
3
181
-54
446
501
-5
139
144
65
126
61
1121
2111
990
(35)
$ Mn
1966-67
154
3382
3227
-84
-71
-808
1696
2503
-802
1260
2063
-5
436
441
938
1619
681
5
68
63
1278
980
987
7
176
2
178
122
415
293
6
147
141
24
68
43
962
1686
724
(36)
Rs Cr
206
4509
4303
-112
-94
-1077
2261
3337
-1070
1680
2750
-7
581
588
1250
2158
908
7
91
84
1704
1307
1316
9
235
3
237
163
553
390
8
196
187
33
90
58
1283
2248
966
(37)
$ Mn
1967-68
157
3067
2910
-119
-38
-410
1849
2260
-425
1367
1792
15
482
467
626
1218
592
9
71
62
635
806
811
5
-156
3
159
-15
280
294
-17
53
71
-59
0
59
568
1218
650
(38)
Rs Cr
210
4089
3880
-159
-51
-547
2466
3013
-567
1823
2390
19
643
623
835
1623
789
11
94
83
847
1075
1081
6
-208
4
213
-20
373
393
-23
71
94
-78
0
79
757
1623
867
(39)
$ Mn
1968-69
256
2979
2723
-18
-238
-234
1844
2078
-171
1405
1576
-63
439
502
521
1041
519
-3
79
82
509
654
661
7
-177
4
181
32
236
204
15
61
7
30
95
125
490
1135
645
(40)
(Contd)
342
3973
3631
-25
-317
-312
2459
2771
-227
1874
2101
-85
585
669
695
1387
692
-5
105
110
679
872
881
9
-236
6
241
42
314
272
20
81
9
40
126
167
654
1513
860
(41)
Rs Cr $ Mn
1969-70
Memo Items :
Non-monetary gold
movement(Net)
131
188
3375
3186
-93
-95
-29
4211
4241
-89
118
-499
2126
2635
-475
1581
2055
-24
546
570
499
2126
2625
26
121
95
583
681
728
47
-176
39
215
78
232
154
4
54
51
75
75
0
687
1248
561
17
(44)
(43)
-593
2552
3121
-541
1876
2416
-49
656
705
664
1580
916
5
138
132
658
934
951
17
-238
16
253
-38
413
451
0
62
62
-204
0
204
561
1679
1119
(42)
(1)

-445
Receipts
1914
Payments
2359
(a) Merchandise
-409
Exports f o b
1418
Imports c i f
1826
-37
Receipts
496
Payments
533
502
Receipts
1194
Payments
692
(a) Private (Net)
4
Receipts
104
Payments
100
(b) Official (Net)
497
(I) Loans
706
Receipts
719
Payments
13
(ii) Amortisation
-180
Receipts
12
Payments
191
(iii) Miscellaneous
-29
Receipts
312
Payments
341
0
Receipts
47
Payments
47
-154
Receipts
0
Payments
154
Receipts
1269
Payments
846
-22
Receipts
3183
Payments
3205
-67
89
Rs Cr
$ Mn
252
4505
4254
-125
-127
-666
2839
3518
-634
2110
2744
-32
728
761
666
2839
3505
35
161
126
778
909
971
63
-235
52
287
105
310
206
5
72
68
100
100
0
917
1667
749
(45)
$ Mn
1971-72
Rs Cr
1970-71
72
3640
3568
-105
33
-311
2508
2819
-168
1994
2161
-144
514
658
383
1132
749
34
135
101
337
599
665
66
-193
56
249
-68
195
264
11
81
69
0
0
0
383
1132
749
(46)
Rs Cr
93
4739
4646
-136
43
-405
3266
3671
-218
2596
2814
-187
670
857
499
1474
975
45
176
131
439
779
865
86
-251
73
324
-89
254
343
15
105
90
0
0
0
499
1474
975
(47)
$ Mn
1972-73
1974-75
1975-76
(49)
1457
5954
3195
-655
3025
3680
2112
2929
816
-1189
2006
3195
58
194
137
-1271
1116
1149
33
-2550
18
2568
163
540
376
24
106
81
80
80
0
-1109
2085
3195
(50)
-956
4180
5136
-1287
3195
4482
331
985
654
704
2044
1340
100
229
130
652
1184
1214
30
-237
13
249
-295
481
-295
-48
107
155
485
485
0
1189
2529
1340
271
348
233
6262 8039 6709
5991 7691 6476
-187 -240 -256
-84 -108
-7
1135
4638
2489
-510
2357
2867
1646
2281
636
-926
1563
2489
45
151
106
-990
869
895
26
-1986
14
2000
127
420
293
19
82
63
62
62
0
-864
1625
2489
(48)
(52)
-178
5995
6173
-1183
4180
5362
1005
1815
810
1003
2491
1488
40
197
156
936
1647
1730
83
-268
32
300
-443
400
843
27
132
105
218
218
0
1221
2709
1488
-205
6906
7111
-1362
4815
6178
1157
2091
933
1156
2870
1714
46
227
180
1078
1897
1993
96
-308
37
345
-510
461
971
31
152
121
251
251
0
1407
3121
1714
(53)
293 1043 1202

8449 8704 10027
8156 7661 8825
-322 -214
-246
-9 -830
-956
-1204
5264
6468
-1621
4024
5645
417
1241
824
887
2574
1688
125
288
163
821
1491
1529
38
-298
16
314
-371
606
-371
-60
135
195
611
611
0
1497
3185
1688
(51)
1973-74
996
8178
7182
-345
5723
6069
1341
227
1114
1212
2924
1713
51
459
207
1033
1898
1978
79
-332
48
379
-533
377
910
128
264
136
-341
0
341
871
2924
2054
(55)
$ Mn
1124
8208
7083
-597
5440
6038
1722
2767
1046
585
2433
1848
151
303
153
368
1335
1364
29
-445
9
454
-523
364
886
67
393
327
-288
0
288
297
2433
2136
(56)
Rs Cr
(58)
Rs Cr
(59)
$ Mn
1978-79
(60)
(Contd)
1622
266
323
319
394
12143 11377 13824 13055 16117
10521 11112 13502 12736 15724
142
734
892
51
62
-1764 -1000 -1215
-369 -456
-683
13209
13892
-4247
757
12041
3564
5415
1851
-683
13209
13892
76
314
238
1050
1482
1559
77
-638
6
644
207
622
415
-101
255
356
52
154
101
1077
2908
1832
(61)
Rs Cr $ Mn
1979-80
1309
-238
-289
-553
9367 8779 10667 10699
8084 9017 10956 11253
-682 -2212 -2688 -3440
6209 5594
6797
613
6890 7806
9485 9753
1965 1974
2399 2887
3158 3185
3870 4386
1193 1211
1471 1500
667
-238
-289
-553
2777 8779 10667 10699
2109 9017 10956 11253
172
117
143
62
346
332
403
254
174
214
260
192
419
469
569
851
1524
932
1132 1200
1557
996
1210 1262
33
64
78
62
-508
-436
-529
-517
10
19
23
5
518
455
553
522
-596
-28
-34
167
415
840
1020
504
1011
868
1054
337
76
-8
-10
-82
449
286
348
206
373
295
358
289
-328
-74
-90
42
0
126
153
124
329
200
243
82
339
503
612
872
2777 2599
3157 2356
2438 2095
2546 1484
(57)
$ Mn
1977-78
1676 1867 1421

9970 11103 10641
8294 9236 9219
-280
-312
125
-1396 -1555 -1546
894
7344
6450
-310
5140
5450
1204
204
1000
1088
2626
1538
46
412
186
928
1705
1776
71
-298
43
341
-479
339
818
115
237
123
-306
0
306
782
2626
1844
(54)
Rs Cr
1976-77
(62)
17
(67)
$ Mn
(68)
(69)
(70)
(71)
(72)
(73)
1985-86
(74)
Rs Cr
(75)
$ Mn
1986-87
(76)
Rs Cr
(77)
$ Mn
1987-88
20
Concluded
17
29
24
-10410
31573
41983
-13556
20647
34202
3146
10926
7781
10305
21284
10980
3250
6613
3363
7319
8437
8465
27
-3067
15
3082
1949
5493
3544
265
698
963
-1547
0
1547
8757
21284
12527
(78)
Rs Cr
-7188
21802
28990
-9361
14257
23617
2172
7545
5373
7116
14697
7582
2244
4566
2322
5054
5826
5845
19
-2118
10
2128
1346
3793
2447
-183
482
665
-1068
0
1068
6047
14697
8650
(79)
$ Mn
1988-89
-9830
40713
50543
-12413
28229
40642
2583
12484
9901
10777
27810
17032
3150
10110
6960
7568
8428
8436
8
-2990
14
3004
2130
8276
6145
59
974
914
-1460
0
1460
9318
27810
18492
(80)
-5904
24454
30358
-7456
16955
24411
1551
7498
5947
6473
16704
10230
1892
6072
4180
4546
5062
5067
5
-1796
8
1804
1279
4971
3691
35
585
549
-877
0
877
5597
16704
11107
(81)
Rs Cr $ Mn
1989-90
-7 -1653 -1141
-512 -308
33028 52857 36498 68523 41157
33034 54510 37640 69035 41465
-731
203
140
-720 -432
737 1449
1001 1232
740
(66)
Rs Cr
1984-85
-489 -1529 -1705

196
203 1053 1018
597
502 -1298 -1061
-603
-472
-9
21090 17097 19064 21744 22495 24498 23692 26339 22154 27517 22490 33550 26256 42824
21581 18625 20768 21578 22293 23445 22674 25742 21652 28815 23551 34152 26727 42832
-163
-90
-100
429
444
-280 -271
329
277
592
484
-129
-101
-948
653 1618 1804
-625
-647
-773 -748 -926
-779
707
578
732
573
956
(65)
$ Mn
1983-84
-4853
19802
24655
-7170
12464
19816
2317
7156
4840
5779
13226
7447
1734
3073
1339
3987
5269
5285
15
-286
6
2191
904
4620
3716
58
243
185
-932
0
932
4847
13226
8380
(64)
Rs Cr
1982-83
-2800 -2839 -3166 -3280 -3393 -3316 -3207 -2873 -2417 -5956 -4868 -5830 -4563 -6293
15598 13429 14974 15199 15724 17061 16500 20202 16992 19453 15899 21589 16895 25675
18397 16268 18140 18479 19118 20377 19707 23075 19409 25409 20767 27419 21458 31968
-7854 -6494 -7241 -6719 -6951 -6925 -6697 -6721 -5653 -9586 -7835 -9354 -7320 -9296
8429 7766 8660 9137 9453 10169 9835 11959 10059 11578 9463 13315 10420 16397
16284 1420 1583 15857 16405 17093 16531 18680 15712 21164 17298 22669 17741 25693
5054 3655 4076 3439 3558 3068 2967 3849 3237 3630 2967 3524 2758 3004
7169 5664 6316 6062 6271 6893 6666 8243 6933 7875 6436 8274 6475 9279
2114 2008 2239 2622 2713 3284 3176 4394 3696 4245 3470 4751 3718 6275
1825
676
754 1581 1636 3018 2919 3411 2869 4922 4023 5899 4617 7493
4999 2997 3342 4651 4812 6012 5814 5920 4979 8064 6591 11960 9360 17149
3174 2321 2588 3070 3176 2994 2896 2509 2110 3142 2568 6061 4743 9656
419
224
250
378
391
922
892 1092
918 2091 1709 2267 1774 2248
682
418
466
615
636 1188 1149 1467 1234 2617 2139 3222 2530 3984
262
194
216
237
245
266
257
375
315
526
430
966
756 1736
1388
465
519 1135 1174 1914 1851 2512 2113 2645 2162 3702 2897 5170
2456 1517 1692 2472 2257 2611 2525 3034 2552 3683 3010 6462 5057 6832
2492 1525 1700 2489 2575 2625 2539 3059 2573 3693 3018 6478 5070 6852
35
8
9
17
18
14
14
25
21
10
8
15
12
20
-835
-774
-863
-798
-826
-916 -886 -727
-611 -1152
-942 -2588 -2025 -2834
4
1
1
1
1
0
0
0
0
0
0
8
80
774
863
799
827
917
887
727
611 1152
942 2588 2025 2841
-233
-278
-310
-539
-558
219
212
205
172
114
93
-172
-135 1172
1275
697
777 1128 1167 1802 1743 1028
865 1000
817 1874 1467 5990
1507
975 1087 1666 1724 1583 1531
823
692
886
724 2074 1601 4818
16
-13
-14
68
70
182
176 -193
-162
186
152
-70
-55
75
546
358
399
418
432
396
383
367
309
755
617
376
294
315
530
371
414
350
362
214
207
560
471
568
464
446
349
240
335
635
708 1895 1960 1351 1307
59
50 -265
-217
-672
-526
-120
345
671
748 1895 1960 1425 1378
217
183
0
0
0
0
0
10
36
40
0
0
74
72
159
134
265
217
672
526 1209
2309 1310 1461 3476 3596 4369 4225 3469 2918 4658 3807 5227 4091 6284
5492 3668 4090 6545 6771 7437 7192 6137 5162 8064 6591 11960 9360 17149
3183 2357 2628 3070 3176 3068 2967 2668 2244 3407 2785 6733 5269 10865
(63)
$ Mn
Source : Reserve Bank of India Bulletin, 2003, and its various other issues.
Monograph on Indias Balance of Payments, July 1993.
Memo Items :
Non-monetary gold
movement(Net)

-2214
Receipts
12335
Payments
14548
(a) Merchandise
-6211
Exports f o b
6666
Imports c i f
12877
3997
Receipts
5669
Payments
1672
1443
Receipts
3953
Payments
2510
(a) Private (Net)
331
Receipts
539
Payments
207
(b) Official (Net)
1098
(i) Loans
1942
Receipts
1971
Payments
28
(ii) Amortisation
-660
Receipts
3
Payments
63
(iii) Miscellaneous
-184
Receipts
1008
Payments
1192
13
Receipts
432
Payments
419
265
Receipts
273
Payments
8
Receipts
4343
Payments
2517
-387
Receipts
16678
Payments
17066
-129
516
(1)
Rs Cr
1981-82
Appendix 1(A): Balance of Payments : 1950-51 to 1989-90 (Concluded)

1980-81
A) CURRENT ACCOUNT (I+II)

I) Merchandise (FoB/CIF)
II) Invisibles
B) Total Capital Account
1. Foreign Investment (I+II)
In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
a) External Assistance
i) By India
ii) To India
b) Commercial Borrowings
i) By India
ii) To India
c) Short term To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
of which:Non-Resident Deposits
b) Others
4. Rupee Debt Service
5. Other Capital
C. Errors & Omissions
D. Overall Balance (A+B+C)
E. Monetary Movements
i)
I.M.F.
ii)
46549
33153
13396
40851
201
201
191
10
16924
6095
6095
7684
54
7630
3145
18133
14282
763
13519
13184
3851
0
5593
235
87634
4471
2178
2293
Receipts
Net
63915 -17366
50086 -16933
13829
-433
28193 12658
19
183
19
172
19
172
0
10
6996
9928
2139
3956
11
-11
2129
3966
3639
4045
44
10
3595
4035
1216
1928
16910
1223
12661
1621
1415
-652
11244
2275
10427
2757
4249
-399
2140 -2140
2129
3464
238
92105 -4471
4471
2178
2293
Payments
1990-91
68372
44923
23449
57300
385
385
375
10
23219
10715
0
10715
7896
45
7851
4609
26772
22452
3397
19054
18972
4320
0
6923
125672
3205
3205
-
70607
51417
19190
47489
46
46
46
0
13294
3335
14
3320
4074
29
4045
5885
25422
21850
2838
19011
17965
3573
2785
5944
301
118398
10479
1127
9351
Receipts Payments
1991-92
-2235
-6494
4259
9811
339
339
329
10
9925
7380
-14
7395
3822
16
3806
-1276
1350
602
559
43
1007
747
-2785
979
-301
7274
-7274
2078
-9351
Net
81803
54761
27042
66044
1797
1797
1051
746
26639
10172
0
10172
3621
38
3583
12847
34257
29684
3783
25901
25191
4573
0
3351
4400
147843
4231
4231
-
94566
72000
22566
53917
98
98
92
6
25194
4434
11
4424
4740
62
4678
16020
22100
20728
485
20242
19094
1372
2335
4191
4645
148726
3348
869
2481
Net
-12763
-17239
4476
12127
1699
1699
959
740
1445
5738
-11
5748
-1119
-24
-1095
-3173
12157
8956
3298
-438
6097
3201
-2335
-840
-245
-883
883
3362
-2481
Receipts Payments
1992-93
106648
71147
35501
90820
14461
14461
242
12420
31276
1904
10904
9457
320
9137
10915
36070
33289
864
32425
27759
2781
9014
2510
199977
1007
1007
-
Receipts
Appendix 1(B): Balance of Payments : 1990-91 to 2003-04
110282
83870
26412
62915
1180
1179
1
204
975
25590
4955
15
4940
7308
76
7232
13328
288971
2891
3513
24578
23979
880
3302
3873
173198
27786
420
27366
Payments
1993-94
-3634
-12723
9089
27905
13281
13282
-1
38
11445
5686
-3051
-15
5964
2149
244
1905
-2413
-3E+05
30398
-29649
4067
3780
1900
-3302
5141
2510
26779
-26779
587
-27366
Net
133167
84329
48839
81360
18086
18058
28
4241
13817
34329
10030
4
10025
13347
306
13041
10953
22034
20244
756
19488
18224
1790
6912
2049
216576
4231
1623
Receipts
143749
112748
31001
54667
2998
2609
390
25
2584
24787
5257
29
5227
9813
11
9803
9717
23092
22216
3780
18436
17685
876
3090
701
198416
18160
3585
14575
Payments
1994-95
(Contd)
-10582
-28419
17838
26693
15088
15449
-362
4216
11233
9542
4773
-25
4798
3533
296
3238
1236
-1058
-1972
-3024
513
539
914
-3090
6211
2049
18160
-18160
3363
-2481
Net
(Rupees, Crore)
23
Balance of Payments

II) Invisibles
In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
i) By India
ii) To India
i) By India
ii) To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
b) Others
5. Other Capital
i) I.M.F.
ii) Foreign Exchange Reserves
167924
108481
59443
81603
19042
18994
48
7277
11717
38396
10101
10101
14470
30
14440
13824
21692
20787
2845
17942
16671
904
2474
1287
250853
9798
9798
Receipts
Net
187570 -19646
146542 -38061
41027 18416
67332 14271
3418 15624
2721 16273
697
-649
101
7176
2620
9097
30422
7974
6799
3302
54
-54
6746
3355
9892
4578
30
9892
4548
13730
94
19247
2445
17704
3083
4320 -1475
13384
4558
12850
3821
1543
-639
3106 -3106
11140 -8666
1287
254902 -4049
5749
4049
5749 -5749
9798
Payments
1995-96
197285
121194
76091
128559
27784
27751
33
10171
17581
62991
10893
10893
26897
30
26867
25201
28394
27052
2650
24402
24039
1342
9390
325844
-
Receipts
213566
173753
39813
85944
6622
5922
700
77
5845
46009
6924
29
6895
16863
16863
22222
20504
19146
5738
13409
12146
1358
2542
10267
2114
301624
24220
3461
20759
Payments
1996-97
-16281
-52559
36278
42615
21162
21829
-667
10094
11736
16982
3969
29
3998
10034
30
10004
2979
7890
7906
-3088
10993
11893
-16
-2542
-877
-2114
24220
-24220
-3461
-20759
Net
10827
27254
43
27211
26063
33056
30328
2093
28235
28041
2728
14458
931
365981
-
218948
132703
86245
146102
34444
34075
369
13317
20758
64144
10827
239831
190508
49323
109497
14612
14114
4988
124
13990
46697
7441
77
7364
12653
12653
26593
36243
34838
10214
24625
23716
1405
2784
9171
349328
16653
2286
14367
Receipts Payments
1997-98
-20883
-57805
36922
36605
19832
19961
-4619
13193
6768
17447
3386
-77
3463
14601
43
14558
-530
-3187
-4510
-8121
3610
4325
1323
-2784
5287
931
16653
-16653
-2286
-14367
Net
Appendix 1(B): Balance of Payments : 1990-91 to 2003-04
252895
144436
108459
143561
24825
24210
615
10550
13660
61972
11608
2
11506
30646
22
30624
19718
37525
31507
5713
26894
26267
6018
19339
143561
396456
-
Receipts
269684
199914
69770
107679
15088
14041
1047
162
13879
43009
8107
85
8022
12067
12067
22834
34396
33194
11421
21773
21207
1202
3308
11879
848
378211
18245
1652
16593
Payments
1998-99
-16789
-55478
38689
35882
9737
10169
-432
10388
-219
18963
3501
-83
3484
18579
22
18557
-3116
3129
-1687
-5708
5121
5060
4816
-3308
7460
142713
18245
-18245
-1652
-16593
Net
294202
162753
131449
175822
53125
52607
518
9409
43198
56646
13342
3
13339
13910
13823
29394
46212
44496
11486
33010
32133
1716
19839
2773
472797
-
Receipts
314533
240112
74421
130494
30941
30106
835
13
30093
49695
9471
47
9424
12463
12463
27761
36995
34486
8079
26407
25424
2509
3059
9804
445027
27770
1122
26648
Payments
1999-00
(Contd)
-20331
-77359
57028
45328
22184
22501
-317
9396
13105
6951
3871
-44
3915
1447
13823
-12463
1633
9217
10010
3407
6603
6709
-793
-3059
10035
2773
27770
-27770
-1122
-26648
Net
(Rupees, Crore)
355630
207852
147778
247491
80824
80501
320
18727
18404
10948
6177
1279
323
323
62097
62097
109271
13521
13521
44455
44455
51295
44448
43020
954
42066
41022
1428
12948
603121
6442
6442
367228
264589
102639
206881
45770
49485
4595
3803
3803
1906
1553
344
50277
49485
792
84812
11519
78
11441
24284
23
24261
49009
53592
51753
20137
31616
30461
1839
2760
11637
1369
575478
34085
115
33970
Payments
2000-01R
-11598
-56737
45139
40610
35054
31016
-4275
14924
18404
10948
6177
1279
-3480
-1583
-1553
-344
11820
12612
-792
24459
2002
-78
2080
20171
-23
20194
2286
-9144
-8733
-19183
10450
10561
-411
-2760
1311
-1369
27643
-27643
-115
-27528
Net
Source : Reserve Bank of India Bulletin, Aug 2004, and its various other issues.

II) Invisibles
In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
i) By India
ii) To India
i) By India
ii) To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
b) Others
5. Other Capital
i) I.M.F.
Receipts
388453
213345
175108
206404
73907
73435
472
29741
29269
19570
7841
1858
472
472
44166
44166
55418
16070
16070
12845
15
12830
26503
66113
63830
6121
57709
54464
2283
10966
594857
-
Receipts
372027
268300
103727
165324
41987
34574
7413
7111
24
24
7087
3176
3339
572
34876
34550
326
61302
10661
410
10251
20373
20373
30268
52335
50998
8046
42952
41337
1337
2457
7243
913
538264
56593
56593
Payments
2001-02 R
16426
-54955
71381
41080
31920
38861
-6941
22630
29245
19546
7841
1858
-6615
-2704
-3339
-572
9290
9616
-326
-5884
5409
-410
5819
-7528
15
-7543
-3765
13778
12832
-1925
14757
13127
946
-2457
3723
-913
56593
-56593
-56593
Net
462836
260079
202757
224237
67756
67401
356
25036
24681
13699
8866
2116
355
355
42720
42720
55899
13902
13902
16976
43
16933
25021
91681
89057
29443
59614
49439
2624
8901
687073
-
Receipts
432176
311776
120400
171871
47658
9329
9442
284
284
9158
3314
5342
502
38216
38045
171
74469
28922
157
28765
25196
25196
20351
41348
40157
4777
35380
35015
1191
2306
6090
989
605036
82037
82037
Payments
2002-03 R
Appendix 1(B): Balance of Payments : 1990-91 to 2003-04 (Concluded)
30660
-51697
82357
52366
20098
58072
356
15594
24397
13415
8866
2116
-8803
-2959
-5342
-502
4504
4675
-171
-18570
-15020
-157
-14863
-8220
43
-8263
4670
50333
48900
24666
24234
14424
1433
-2306
2811
3523
82037
-82037
-82037
Net
539870
296767
243103
360429
151408
150438
967
22427
21457
10948
8271
2238
970
970
128981
128981
96359
15269
15269
30073
14
30059
51017
89456
87902
9173
78729
65739
1554
23206
1463
901762
-
Receipts
491918
368102
123816
265850
83816
76989
6827
6733
10
10
6723
2257
4099
367
77083
76979
104
109118
27769
47
27722
37015
37015
44334
60800
57094
8224
48870
48870
3706
1756
10360
757768
143994
143994
Payments
2003-04 PR
47952
-71335
119287
94579
67592
73449
-5860
15694
21447
10938
8271
2243
-5753
-1287
-5403
-367
51898
52002
-103
-12759
-12500
47
-12453
-6942
16
-6956
6683
28656
30808
949
29859
16869
-2152
-1758
12846
1463
143994
-143994
-143994
Net
(Rupees, Crore)

II) Invisibles (a+b+c)
In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
i) By India
ii) To India
i) By India
ii) To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
b) Others
5. Other Capital
i) I.M.F.
25941
18477
7464
22766
113
113
107
..
..
..
..
..
..
..
..
6
..
..
9432
3397
3397
4282
30
4252
1753
10106
7960
425
187
7348
2146
3117
132
48839
3136
1858
1278
Receipts
35621
27915
7706
15710
10
10
10
..
..
..
..
..
..
..
..
0
..
..
3899
1193
6
1187
2028
24
2004
678
9424
7056
789
456
5811
2368
1193
1186
51331
644
644
Payments
1990-91 PR
-9680
-9438
-242
7056
103
103
97
..
..
..
..
..
..
..
..
6
..
..
5533
2204
-6
2210
2254
6
2248
1075
682
904
-364
-269
1537
-222
-1193
1931
132
-2492
2492
1214
1278
Net
27768
18266
9502
23334
151
151
147
..
..
..
..
..
..
..
..
4
..
..
9416
4366
4366
3152
19
3133
1898
10958
9065
1335
35
7695
1893
2809
51102
1245
1245
Receipts
28946
21064
7882
19424
18
18
18
..
..
..
..
..
..
..
..
..
..
5437
1335
6
1329
1689
12
1677
2413
10394
8929
1107
417
7405
1465
1240
2335
133
48503
459
459
3385
Payments
1991-92
-1178
-2798
1620
3910
133
133
129
..
..
..
..
..
..
..
..
4
..
..
3979
3031
-6
3037
1463
7
1456
-515
564
136
228
-382
290
428
-1240
474
-133
-2599
786
786
-3375
Net
28203
18869
9334
22617
589
589
345
..
..
..
..
..
..
..
..
244
..
..
8671
3302
3302
1179
12
1167
4190
11998
10653
1234
231
9188
1345
1359
50820
1623
1623
Receipts
31729
24316
7413
18741
32
32
30
..
..
..
..
..
..
..
..
2
..
..
8260
1446
3
1443
1545
20
1525
5259
8172
7723
161
375
7187
449
878
1399
940
51410
1033
335
698
Payments
1992-93
-3526
-5447
1921
3876
557
557
315
..
..
..
..
..
..
..
..
242
..
..
411
1856
-3
1859
-366
-8
-358
-1069
3826
2930
1073
-144
2001
896
-878
-40
-940
-590
590
1288
-698
Net
Appendix 1(C): Balance of Payments : 1990-91 to 2003-04
34002
22683
10319
28955
4611
4611
651
..
..
..
..
..
..
..
..
3960
..
..
9971
3476
3476
3015
102
2913
3480
11500
10614
276
1483
8850
886
2873
800
63757
321
321
Receipts
1993-94
35160
26739
8421
20060
376
376
65
..
..
..
..
..
..
..
..
311
..
..
8159
1580
5
1575
2330
24
2306
4249
9237
8956
1120
191
7645
281
1053
1235
55220
8858
134
8724
Payments
-1158
-4056
2898
8395
4235
4235
586
..
..
..
..
..
..
..
..
3649
..
..
1812
1896
-5
1901
685
78
607
-769
2263
1658
-844
1292
1205
605
-1053
1638
800
8537
-8537
187
-8724
Net
42409
26855
15554
25914
5763
5753
10
1351
..
..
..
..
..
..
..
..
4402
..
..
10930
3193
2
3191
4249
97
4152
3488
7020
6449
241
403
5805
571
2201
654
68977
Receipts
45778
35904
9874
17412
956
831
125
8
..
..
..
..
..
..
..
..
823
..
..
7895
1675
10
1665
3125
3
3122
3095
7354
7075
1203
239
5633
279
983
224
63190
5787
1143
4644
-3369
-9049
5680
8502
4807
4922
-115
1343
..
..
..
..
..
..
..
..
3579
..
..
3035
1518
-8
1526
1124
94
1030
393
-334
-626
-962
164
172
292
-983
1977
654
5787
-5787
-1143
-4644
Net
(Contd)
Payments
1994-95
(US Dollar Million)

In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
i) By India
ii) To India
i) By India
ii) To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
of which: Non-Resident Deposits
b) Others
5. Other Capital
i) I.M.F.
49987
32311
17676
24165
5632
5632
14
2162
..
..
..
..
..
..
..
..
3456
..
..
11332
2933
0
2933
4262
10
4252
4137
6453
6172
867
376
4929
281
748
600
74752
2936
2936
Receipts
55886
43670
12216
20087
1028
824
204
29
..
..
..
..
..
..
..
..
795
..
..
9131
2066
16
2050
2977
0
2977
4088
5691
5235
1251
158
3826
456
952
3285
75973
1715
-1715
Payments
1995-96
-5899
-11359
5460
4078
4604
4794
-190
2133
..
..
..
..
..
..
..
..
2661
..
..
2201
867
-16
883
1285
10
1275
49
762
937
-384
218
1103
-175
-952
-2537
600
-1221
1221
-1715
2936
Net
2629
91729
55538
34133
21405
36191
7824
7816
8
2863
..
..
..
..
..
..
..
..
4953
..
..
17720
3056
3056
7579
8
7571
7085
8018
7632
755
102
6775
386
Receipts
60157
48948
11209
24185
1861
1663
198
22
..
..
..
..
..
..
..
..
1641
..
..
12925
1955
8
1947
4723
4723
6247
5789
5407
1625
357
3425
382
727
2883
594
6793
6793
975
5818
Payments
1996-97
-4619
-14815
10196
12006
5963
6153
-190
2841
..
..
..
..
..
..
..
..
3312
..
..
4795
1101
-8
1109
2856
8
2848
838
2229
2225
-870
-255
3350
4
-727
-254
-594
84936
-6793
-975
-5818
Net
58924
35680
23244
39292
9266
9169
97
3596
..
..
..
..
..
..
..
..
5573
..
..
17301
2885
2885
7382
11
7371
7034
8910
8164
580
52
7532
746
3815
167
98383
Receipts
64424
51187
13237
29448
3913
3779
134
34
..
..
..
..
..
..
..
..
3745
..
..
12502
2000
22
1978
3372
3372
7130
9803
9424
2775
242
6407
379
767
2463
93872
4511
618
3893
Payments
1997-98 PR
-5500
-15507
10007
9844
5353
5390
-37
3562
..
..
..
..
..
..
..
..
1828
..
..
4799
885
-22
907
4010
11
3999
-96
-893
-1260
-2195
-190
1125
367
-767
1352
167
4511
-4511
-618
-3893
Net
Appendix 1(C): Balance of Payments : 1990-91 to 2003-04
64106
47544
16562
25735
3580
3331
249
38
..
..
..
..
..
..
..
..
3293
..
..
10353
1927
21
1906
2864
135
2864
5562
6717
6434
2741
92886
3558
283
802
2801
24253
305
5479
1935
Payments
60068
34298
25770
34170
5892
5743
149
2518
..
..
..
..
..
..
..
..
3225
..
..
14771
2726
2726
7231
124
5
7226
4814
8197
6768
1344
4511
5300
1429
3958
32818
Receipts
1998-99
-3544
-4038
-13246
9208
8435
2312
2412
-100
2480
..
..
..
..
..
..
..
..
-68
..
..
4418
799
-21
820
4367
-11
5
4362
-748
1480
334
-1397
-88375
1742
1146
-802
1157
8565
-305
Net
67854
37542
30312
40531
12240
12121
119
2170
..
..
..
..
..
..
..
..
9951
..
..
13060
3074
0
3074
3207
20
3187
6779
10659
10259
2653
201
7405
400
4572
656
109041
Receipts
Net
(Contd)
72552 -4698
55383 -17841
17169 13143
30087 10444
7123
5117
6930
5191
193
-74
3
2167
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
6927
3024
..
..
..
..
11459
1601
2183
891
10
-10
2173
901
2874
333
20
2874
313
6402
377
8532
2127
7955
2304
1863
790
227
-26
5865
1540
577
-177
711
-711
2262
2310
656
102639
6402
6402 -6402
260
-260
6142 -6142
Payments
1999-2000PR
(US Dollar Million)
27
Balance of Payments
77719
45452
32267
55542
17720
17650
70
4121
4031
2399
1352
280
70
70
13619
13619
23806
2941
0
2941
9621
0
9621
11244
9744
9423
206
9217
8988
321
0
2856
0
131845
1448
0
1448
80385
57912
22473
45524
11858
10859
999
829
829
414
340
75
11029
10859
170
18542
2531
17
2514
5318
5
5313
10693
11705
11305
4380
6925
6672
400
617
2564
305
125976
7316
26
7290
Payments
2000-01R
-2666
-12460
9794
10018
5862
6791
-929
3272
4031
2399
1352
280
-757
-344
-340
-75
2590
2760
-170
5264
410
-17
427
4303
-5
4308
551
-1961
-1882
-4174
2292
2316
-79
-617
292
-305
5869
-5868
-26
-5842
Net
81440
44703
36737
43257
15488
15389
99
6229
6130
4096
1644
390
99
99
9259
9259
11601
3352
0
3352
2687
3
2684
5562
13870
13385
1267
12118
11435
485
0
2298
0
124697
0
0
0
Receipts
78040
56277
21763
34706
8802
7243
1559
1495
5
5
1490
669
700
121
7307
7238
69
12862
2235
87
2148
4272
0
4272
6355
11006
10725
1711
9014
8681
281
519
1517
194
112940
11757
0
11757
Payments
2001-02 R
3400
-11574
14974
8551
6686
8146
-1460
4734
6125
4091
1644
390
-1391
-570
-700
-121
1952
2021
-69
-1261
1117
-87
1204
-1585
3
-1588
-793
2864
2660
-444
3104
2754
204
-519
781
-194
11757
-11757
0
-11757
Net
95699
53774
41925
46368
14001
13928
73
5168
5095
2825
1832
438
73
73
8833
8833
11568
2878
0
2878
3514
9
3505
5176
18958
18422
6089
12333
10214
536
0
1841
0
142067
0
0
0
Receipts
89354
64464
24890
35528
9840
7913
1927
1951
59
59
1892
684
1104
104
7889
7854
35
15418
6006
32
5974
5206
0
5206
4206
8533
8287
976
7311
7236
246
474
1263
200
125082
16985
0
16985
Payments
2002-03 R
6345
-10690
17035
10840
4161
6015
-1854
3217
5036
2766
1498
462
-1819
-611
-519
-106
944
979
-35
-3850
-3128
-32
-3096
-1692
9
-1701
970
10425
10135
5113
5022
2978
290
-474
578
-200
16985
-16985
0
-16985
Net
117705
64723
52982
78613
33105
32894
211
4887
4676
2389
1800
487
211
211
28218
28218
21008
3341
0
3341
6577
3
6574
11090
19470
19135
2007
17128
14281
335
0
5030
318
196636
0
0
0
Receipts
107144
80177
26967
58071
18329
16842
1487
1467
2
2
1749
493
1176
80
16862
16840
22
23856
6083
10
6073
8103
0
8103
9670
13239
12436
1797
10639
10639
803
376
2271
0
165215
31421
0
31421
Payments
2003-04 PR
10561
-15454
26015
20542
14776
16052
-1276
3420
4674
2387
1800
488
-1538
-282
-1176
-80
11356
11378
-22
-2848
-2742
-10
-2732
-1526
3
-1529
1420
6231
6699
210
6489
3642
-468
-376
2759
318
31421
-31421
0
-31421
Net
(US Dollar Million)
Includes repayment of US dollar 3035 million of government loans effected in Jan-Mar 2003
Data on Foreign Direct Investment (FDI) have been revised since 2000-01 with expanded coverage to approach international best practices. These data, therefore, are not comparable
with FDI data for previous years.
Sources: Reserve Bank of India Bulletins, August 2004 and various previous issues
*
Notes:

In India (Ii +IIi )
Abroad (Iii + IIii)
I. Direct
i) In India
Equity
Reinvested Earnings
Other Capital
ii) Abroad
Equity
Reinvested Earnings
Other Capital
II. Portfolio
i) In India
ii) Abroad
2. Loans
i) By India
ii) To India
i) By India
ii) To India
3. Banking Capital
a)Commercial Banks
i) Assets
ii) Liabilities
b) Others
5. Other Capital
i) I.M.F.
Receipts
Appendix 1(C): Balance of Payments : 1990-91 to 2003-04 (Concluded)
1952-53
-13
9
22
27
41
14
7
10
3
-18
11
29
-18
11
29
7
25
18
14
31
17
47
53
6
42
48
6
5
5
0
71
180
109
-25
11
36
46
63
17
11
17
6
-50
15
65
-50
15
65
8
40
32
23
57
34
78
90
13
74
86
13
4
4
0
90
294
204
(1) Foreign Travel (Net)

-12
1.1 Receipts
5
1.2 Payments
17
(2) Transportation (Net)
22
2.1 Receipts
30
2.2 Payments
8
(3) Insurance (Net)
5
3.1 Receipts
8
3.2 Payments
3
(4) Income (Net) 1+2
-24
A Receipts (4.1a+4.2a)
7
B Payments (4.1b+4.2b)
31
1. Investment income (net)
-24
4.1a Receipts
7
4.1b Payments
31
Of which: Interest and
service payments on
Foreign loans and credit
2. Compensation to employees (net) 4.2a Receipts
4.2b Payments
(5) Government (G.n.i.e)
4
5.1 Receipts
19
5.2 Payments
15
(6) Miscellaneous (Net)
11
6.1 Receipts
27
6.2 Payments
16
of which : software services (net) 6.1a Receipts
6.1b Payments
(7) Transfer Payments (Net)
37
Receipts
43
Payments
6
Private (Net)
35
Receipts
41
Payments
6
Official (Net)
2
Receipts
2
Payments
0
(8) Total (Net)
43
8.1 Receipts
140
8.2 Payments
97
(4)
15
53
38
29
65
36
99
211
13
88
101
13
11
110
0
150
379
229
-27
19
46
57
86
29
15
21
6
-38
23
61
-38
23
61
(5)
8
27
19
18
33
15
57
63
6
46
52
6
11
11
0
93
195
102
-1
9
10
13
34
21
6
10
4
-8
19
27
-8
19
27
(6)
17
57
40
37
69
32
119
132
13
96
109
13
23
23
0
194
409
215
-2
19
21
27
71
44
13
21
8
-17
40
57
-17
40
57
(7)
Rs.Cr US $ Mn Rs.Cr US $ Mn
(3)
Rs.Cr US $ Mn
1951-52
(2)
(1)
1950-51
1954-55
9
25
16
16
31
15
60
67
7
41
48
7
19
19
0
101
192
91
-6
7
13
21
33
12
4
8
4
-3
21
24
-3
21
24
(8)
19
53
34
33
65
32
126
141
15
86
101
15
40
40
0
213
404
191
-12
15
27
44
69
25
9
17
8
-6
44
50
-6
44
50
(9)
10
27
17
13
28
15
56
73
17
34
51
17
22
22
0
99
206
107
-4
9
13
25
36
11
4
8
4
-5
25
30
-5
25
30
(10)
21
57
36
27
59
32
117
153
36
71
107
36
46
46
0
209
434
225
-8
19
27
53
76
23
9
17
8
-10
53
63
-10
53
63
(11)
1953-54
10
23
13
13
34
21
89
110
21
37
58
21
52
52
0
154
206
112
0
12
12
23
38
15
5
10
5
0
30
30
0
30
30
(12)
21
48
27
27
71
44
187
231
44
78
122
44
109
109
0
293
539
235
0
25
25
48
80
32
10
21
11
0
63
63
0
63
63
(13)
Rs.Cr US $ Mn
1955-56
Appendix 2: Break-up of Invisibles on Current Account
11
24
13
13
37
24
85
101
16
48
64
16
37
37
0
154
266
112
3
15
12
30
46
16
3
10
7
9
33
24
9
33
24
(14)
23
50
27
28
78
50
234
212
34
100
134
34
78
78
0
324
559
235
7
32
25
63
97
34
6
21
15
19
69
50
19
69
50
(15)
Rs.Cr US $ Mn
1956-57
11
25
13
13
37
24
62
95
17
45
62
17
33
33
0
132
249
117
6
13
7
28
47
19
3
9
6
-6
23
29
-6
23
29
(16)
24
53
29
25
53
28
163
199
36
94
130
36
69
69
0
276
523
247
12
27
15
59
99
40
6
19
13
-13
48
61
-13
48
61
(17)
Rs.Cr US $ Mn
1957-58
24
39
15
8
37
29
77
94
17
41
58
17
36
36
0
125
253
128
4
12
8
27
45
18
5
10
5
-20
16
36
-20
16
36
(18)
(Contd)
50
82
32
17
78
61
162
198
36
86
122
36
76
76
0
262
533
271
8
25
17
57
95
38
10
21
11
-42
34
76
-42
34
76
(19)
Rs.Cr US $ Mn
1958-59
29
Balance of Payments
1961-62
3
15
12
20
45
25
2
8
6
-48
14
62
-48
14
62
(34)
30
51
21
2
37
35
28
45
17
28
45
17
0
0
0
83
260
177
8
29
21
49
95
46
6
17
11
-70
29
99
-70
29
99
78
103
25
2
63
61
164
198
34
84
118
34
80
80
0
237
534
297

4
1.1 Receipts
14
1.2 Payments
10
23
2.1 Receipts
45
2.2 Payments
22
(3) Insurance (Net)
3
3.1 Receipts
8
3.2 Payments
5
-33
14
47
-33
4.1a Receipts
14
4.1b Payments
47
service payments on
Foreign loans and credit
4.2b Payments
37
5.1 Receipts
49
5.2 Payments
12
1
6.1 Receipts
30
6.2 Payments
29
of which: software services (net)
6.1a Receipts
6.1b Payments
78
Receipts
94
Payments
16
Private (Net)
40
Receipts
56
Payments
16
Official (Net)
38
Receipts
38
Payments
0
(8) Total (Net)
113
8.1 Receipts
254
8.2 Payments
141
(22)
(71)
63
107
44
4
78
74
154
190
36
59
95
36
95
95
0
174
546
372
6
32
25
42
95
53
4
17
13
-101
29
130
-101
29
130
(23)
(46)
6
30
24
-3
36
39
71
87
16
25
41
16
46
46
0
32
235
203
4
15
11
21
48
27
1
7
6
-68
12
80
-68
12
80
(24)
(96)
13
63
50
-6
72
82
149
183
34
52
86
34
97
97
0
68
495
427
9
32
23
44
101
57
2
15
13
-113
25
138
-113
25
138
(25)
(21)
Rs.Cr US $ Mn
1960-61
(20)
(1)
1959-60
1963-64
(58)
25
50
25
-11
33
44
103
117
14
26
40
14
77
77
0
62
284
222
4
16
12
21
49
28
3
8
5
-83
11
94
-83
11
94
(26)
(122)
52
105
53
-23
69
92
217
246
29
55
84
29
162
162
0
131
597
466
9
34
25
44
103
59
6
17
11
-174
23
197
-174
23
197
(27)
(67)
46
70
24
-14
33
47
117
130
13
34
47
13
83
83
0
93
326
233
6
17
11
28
57
29
2
8
6
-92
11
103
-92
11
103
(28)
(77)
97
147
50
-30
69
99
246
273
27
72
99
27
174
174
0
196
685
489
13
36
23
59
120
61
4
17
13
-193
23
216
-193
23
216
(29)
(30)
(76)
81
96
15
-23
23
46
167
194.3
26.9
25
42
17
142
152
10
151
406
255
(150)
170
202
32
-49
48
97
350
407
57
52
88
36
298
319
21
316
853
537
17
38
21
53
120
67
4
15
11
-229
23
252
-229
23
252
(31)
Rs.Cr US $ Mn
1964-65
8
18
10
25
57
32
2
7
5
-108
11.4
119.7
-108.3
11
120
1962-63
(91)
30
46
16
-24
26
49
155
182.2
27.3
63
78
16
92
104
12
73
316
273
4
15
11
26
54
28
6
12
6
-124
10.9
135.1
-124.2
11
135
(32)
(170)
63
97
34
-48
55
103
323
382
59
130
164
34
193
218
25
152
727
575
9
32
23
54
113
59
12
25
13
-261
23
284
-261
23
284
(33)
Rs.Cr US $ Mn
1965-66
(148)
59
852
23
-12
50
62
161
198
37
53
73
20
108
125
17
60
459
399
3
18
15
35
81
46
7
12
5
-193
18
211
-193
18
211
(34)
(211)
96
134
38
-19
82
101
102
323
61
86
119
33
16
204
28
98
749
651
5
29
24
57
132
75
12
20
8
-315
29
344
-315
29
344
(35)
Rs.Cr US $ Mn
1966-67
(168)
56
81
25
-24
43
67
123
160
37
53
72
19
70
88
18
-5
437
442
11
26
15
34
94
60
6
13
7
-233
25
258
-233
25
258
(36)
(Contd)
(224)
75
108
33
-32
57
89
164
213
49
71
96
25
93
117
24
-6
582
588
15
35
20
45
125
80
8
17
9
-281
27
308
-281
27
308
(37)
Rs.Cr US $ Mn
1967-68
(190)
3
27
24
-23
44
67
152
183
31
84
98
14
68
85
17
-62
440
502
(253)
4
36
32
-30
59
89
202
244
42
112
131
19
90
113
23
-83
586
669
(204)
7
30
23
-47
31
78
210
229
210
88
101
13
122
128
6
-37
496
533
19
37
18
30
109
79
0
12
12
-254
49
303
-254
49
303
(271)
9
40
31
-63
41
14
280
306
280
117
135
17
163
171
8
-49
661
711
25
49
24
40
145
105
0
16
16
-339
65
404
-339
65
404
(43)
(245)
29
57
29
-10
79
89
245
287
42
102
123
21
143
164
21
20
641
621
29
49
20
40
136
96
0
17
17
-328
45
373
-328
45
373
(42)
22
37
15
30
102
72
0
13
13
-246
34
280
-246
34
280
17
36
19
45
132
87
5
12
17
-311
33
344
-311
33
344
(41)
(40)
(39)
(1)
(38)
1970-71

13
1.1 Receipts
27
1.2 Payments
14
34
2.1 Receipts
99
2.2 Payments
65
(3) Insurance (Net)
4
3.1 Receipts
13
3.2 Payments
9
-233
25
258
-233
4.1a Receipts
25
4.1b Payments
258
service payments on
Foreign loans and credit (184)
4.2b Payments
9
5.1 Receipts
22
5.2 Payments
43
-8
6.1 Receipts
59
6.2 Payments
67
6.1a Receipts
6.1b Payments
183
Receipts
215
Payments
32
Private (Net)
76
Receipts
92
Payments
16
Official (Net)
107
Receipts
123
Payments
16
(8) Total (Net)
15
8.1 Receipts
481
8.2 Payments
466
1969-70
Rs.Cr US $ Mn
1968-69
1972-73
(199)
5
29
24
-31
48
79
220
274
220
104
116
12
116
158
42
-24
546
570
13
33
19
43
111
68
-6
14
19
-269
37
306
-269
37
306
(44)
(267)
7
39
32
-42
64
106
296
368
296
140
156
16
156
212
56
-33
731
764
18
44
26
57
149
92
-8
18
26
-361
49
410
-361
49
410
(45)
(218)
8
31
23
-35
47
82
107
229
107
99
111
11
8
118
110
-144
514
658
20
39
19
50
121
71
4
16
12
-298
31
329
-298
31
329
(46)
(291)
11
40
19
-45
61
106
139
296
139
128
143
15
11
153
142
-187
664
851
25
50
25
64
156
92
5
21
16
-386
40
426
-386
40
426
(47)
1971-72
(241)
11
33
22
-42
49
91
1896
1925
1896
146
158
12
1750
1767
17
1646
2281
636
48
65
17
44
145
102
7
21
14
-318
44
362
-318
44
362
(48)
(308)
14
42
28
-53
62
115
2411
2448
2411
186
201
15
2225
2247
22
2093
2902
809
61
83
22
56
185
129
9
26
17
-405
56
461
-405
56
461
(49)
Rs.Cr US $ Mn
1973-74

1974-75
(217)
45
75
30
-17
83
100
367
383
367
229
235
6
138
148
10
331
985
654
88
103
15
85
218
133
12
26
14
-248
98
346
-248
98
346
(50)
(274)
56
94
38
-21
104
125
460
481
460
287
295
8
173
186
13
416
1236
820
110
129
19
107
273
166
16
33
17
-312
122
434
-312
122
434
(51)
Rs.Cr US $ Mn
1975-76
(199)
72
104
33
-20
151
171
919
940
919
441
454
13
478
486
8
1005
1815
810
187
209
22
61
256
196
11
36
24
-224
119
343
-224
119
343
(52)
(229)
83
121
38
-23
175
198
1061
1085
24
509
524
15
552
561
9
1162
2097
935
216
241
25
70
296
226
13
41
28
-258
138
396
-258
138
396
(53)
Rs.Cr US $ Mn
1976-77
(217)
755
762
7
-65
187
252
1138
1156
18
755
762
7
383
394
11
1204
2204
1000
237
276
38
47
295
248
2
32
30
-189
176
365
-189
176
365
(54)
(Contd)
(242)
37
93
56
-73
209
282
1274
1294
20
845
853
8
429
441
12
1347
2466
1119
265
308
43
53
330
277
2
35
33
-211
197
408
-211
197
408
(55)
Rs.Cr US $ Mn
31
Balance of Payments
1978-79
1979-80
359
423
65
45
280
235
-1
36
37
-127
331
458
-127
331
458
(268)
23
90
68
52
377
326
1625
1646
22
1093
1110
17
532
536
5
1974
3184
1211
384
436
52
76
328
252
5
41
36
-247
259
506
-247
259
506
(311)
39
91
52
20
322
302
1734
1756
22
1287
1295
8
447
461
14
2011
3233
1222

329
1.1 Receipts
373
1.2 Payments
44
65
2.1 Receipts
281
2.2 Payments
216
(3) Insurance (Net)
4
3.1 Receipts
35
3.2 Payments
31
-212
222
434
-212
4.1a Receipts
222
4.1b Payments
434
service payments on
2. Compensation to employees (net)
4.2a Receipts
4.2b Payments
33
5.1 Receipts
78
5.2 Payments
44
17
6.1 Receipts
275
6.2 Payments
258
6.1a Receipts
6.1b Payments
1484
Receipts
1502
Payments
19
Private (Net)
1102
Receipts
1108
Payments
7
Official (Net)
382
Receipts
394
Payments
12
(8) Total (Net)
1722
8.1 Receipts
2767
8.2 Payments
1046
(58)
(57)
(326)
27
110
83
63
460
397
1980
1706
26
1332
1352
20
648
354
6
2406
3882
1476
437
516
79
55
342
287
-1
44
45
-155
404
559
-155
404
559
(59)
(280)
-1
86
88
-33
529
562
2249
2269
21
1754
1762
8
495
507
13
2887
4386
1500
497
585
88
69
321
253
18
46
28
89
549
460
89
549
460
(60)
(346)
-2
107
109
-41
655
696
2784
2810
26
2172
2182
10
612
628
16
3573
5431
1858
615
724
109
85
398
313
22
57
35
110
680
570
110
680
570
(61)
(56)
(1)
1977-78
Rs.Cr US $ Mn
1981-82
(290)
41
88
47
88
751
663
2717
2733
16
2125
2137
12
592
596
4
3997
5667
1672
874
964
90
6
361
355
17
51
34
257
724
467
257
724
467
(62)
(355)
51
111
60
111
951
840
3442
3462
20
2692
2707
15
750
755
5
5063
7181
2118
1107
1221
114
8
457
449
22
65
43
325
917
592
325
917
592
(63)
(1121)
72
131
59
29
818
789
2514
2534
20
2066
2083
17
448
451
3
3655
5664
2008
920
1064
144
-85
398
483
15
55
40
191
666
475
191
666
475
(64)
(1533)
80
146
66
32
912
880
2805
2827
22
2305
2324
19
500
503
3
4078
7231
2239
1026
1186
161
-95
444
539
17
61
45
213
743
530
213
743
530
(65)
1980-81
(1200)
43
107
64
279
1077
798
2796
2817
21
2417
2431
14
379
386
7
3439
6062
2622
946
1131
185
-291
407
699
-11
58
69
-323
465
788
-323
465
788
(66)
(1949)
44
111
66
289
1114
826
2892
2914
22
2500
2515
15
392
399
7
3558
6271
2713
979
1170
191
-301
421
723
-11
60
71
-334
481
815
-334
481
815
(67)
Rs.Cr US $ Mn
1982-83

1983-84
(1503)
20
139
118
505
1615
1110
3030
3037
17
2638
2638
10
392
399
7
3609
6893
3284
834
1075
242
-276
440
715
39
114
75
-543
463
1006
-543
463
1006
(68)
(2560)
19
134
114
488
1561
1074
2931
2947
16
2552
2561
9
379
386
7
3489
6666
3176
807
1040
234
267
426
691
38
110
72
-525
448
973
-525
448
973
(69)
Rs.Cr US $ Mn
1984-85
(1313)
21
105
84
1064
2362
1298
3541
3560
19
2967
2982
15
574
578
4
3849
8243
4394
489
898
409
-274
644
918
5
89
84
-996
586
1582
-996
586
1582
(70)
(3536)
18
88
71
895
1987
1092
2979
2995
16
2496
2509
13
483
486
3
3237
6933
3696
411
755
344
-230
542
772
4
75
71
-838
493
1331
-838
493
1331
(71)
Rs.Cr US $ Mn
1985-86
(1372)
-7
116
124
899
2063
1164
3128
3156
28
2701
2716
15
427
440
13
3630
7830
4245
778
1189
412
212
604
816
-5
79
83
-950
669
1619
-950
669
1619
(72)
(Contd)
(1121)
-6
95
101
735
686
951
2557
2579
22
2208
2220
12
349
359
10
2967
6437
3470
636
972
336
-173
494
667
-4
64
68
-776
547
1323
-776
547
1323
(73)
Rs.Cr US $ Mn
967
1257
290
-47
538
585
-15
65
80
-978
501
1479
-978
501
1479
(1200)
-2
104
106
92
1254
1162
2740
2755
16
2329
2340
12
411
415
4
2758
6475
3718
(75)
(74)

1236
1.1 Receipts
1606
1.2 Payments
371
-60
2.1 Receipts
688
2.2 Payments
748
(3) Insurance (Net)
-19
3.1 Receipts
83
3.2 Payments
102
-1249
641
1890
-1249
4.1a Receipts
641
4.1b Payments
1890
service payments on
4.2a Receipts
4.2b Payments
-3
5.1 Receipts
133
5.2 Payments
136
118
6.1 Receipts
1603
6.2 Payments
1485
6.1a Receipts
6.1b Payments
3501
Receipts
3521
Payments
20
Private (Net)
2976
Receipts
2991
Payments
15
Official (Net)
525
Receipts
530
Payments
5
(8) Total (Net)
3524
8.1 Receipts
8274
8.2 Payments
4751
(1)
1986-87
Rs.Cr US $ Mn
1988-89
(77)
1055
1432
376
-190
680
870
-1
81
82
-1337
446
1783
-1337
446
1783
(1949) (1503)
-61
-47
121
93
182
40
-353
-272
1668 1286
2021 1558
4030 3109
4069 3138
37
29
3498 2698
3533 2725
34
26
532
411
536
413
3
3
3004 2317
9279 7156
6275 4840
1368
1856
488
-246
882
1128
-1
106
107
-1733
579
2312
-1733
579
2312
(76)
(2560)
-94
118
212
-169
2118
2287
4566
4598
33
3842
3865
24
724
733
9
3146
10926
7781
1467
2054
586
-187
1300
1487
41
136
95
-2478
603
3081
-2478
603
3081
(78)
(1768)
-65
82
147
-117
1462
1579
3153
3171
23
2653
2669
17
500
502
6
2172
7545
5373
1013
1418
405
-129
898
1027
28
94
66
-1711
416
2127
-1711
416
2127
(79)
1987-88
1990-91
(81)
1031
1433
403
-208
907
1115
35
119
84
-1990
413
2403
-1990
413
2403
(3536) (2124)
-159
-96
52
31
211
127
-64
-38
2924
1756
2988
1796
4695
2820
4726
2839
31
19
3798
2281
3824
2297
26
16
897
539
902
542
5
3
2583
1550
12484
7498
9901
5940
1716
2386
670
-346
1511
1857
58
198
140
-3316
688
4004
-3316
688
4004
(80)
(83)
1064
1456
392
-110
983
1093
23
111
88
-3752
368
4120
-3752
368
4120
(4958) (2763)
-283
-158
27
15
310
173
290
161
3565
1986
3275
1825
4539
2530
4567
2545
28
15
3712
2069
3737
2083
25
14
827
461
830
462
3
1
-433
-242
13396
7464
13829
7706
1910
2613
703
-196
1765
1961
40
199
159
-6733
660
7393
-6733
660
7393
(82)
1989-90
(6346)
-250
42
292
527
4840
4343
10522
10560
38
9382
9419
37
1140
1141
1
4259
23449
19190
3780
4892
1112
-882
2308
3190
-42
265
307
-9396
542
9938
-9396
542
9938
(84)
(2590)
-102
17
119
165
1981
1816
4243
4259
16
3783
3798
15
460
461
1
1620
9502
7882
1512
1977
465
-350
939
1289
-18
108
126
-3830
221
4051
-3830
221
4051
(85)
Rs.Cr US $ Mn
1991-92

1992-93
(87)
1713
2098
385
-503
982
1485
12
158
146
-3423
376
3799
-3423
376
3799
(2201) (10865)
-86
-25
220
75
306
100
-413
-68
4129
1417
4542
1485
12280
4215
12317
4228
37
13
11226
3852
11261
3864
35
12
1054
363
1056
364
2
1
4475
1912
27042
9334
22567
7413
4884
6061
1177
-1697
2851
4548
10
460
450
-10503
1004
11507
-10503
1004
11507
(86)
Rs.Cr US $ Mn
1993-94
(89)
1725
2222
497
-332
1433
1765
-71
124
195
-3270
395
3665
-3270
395
3665
(2912) (12851)
-387
-123
94
30
481
153
-2082
-664
4563
1455
6645
2119
17670
5633
17753
5660
83
27
16514
5265
16582
5287
68
22
1156
368
1171
373
15
5
9089
2898
35501 11319
26412
8421
5412
6971
1559
-1043
4494
5537
-1223
388
611
-10258
1238
11496
-10258
1238
11496
(88)
Rs.Cr US $ Mn
1994-95
(91)
1547
2365
818
-167
1696
1863
-29
152
181
-3431
886
4317
-3431
886
4317
(Contd)
(3045) (13811)
-491
-155
28
10
519
165
-1866
-594
6003
1912
7869
2506
26726
8509
26797
8533
71
24
25417
8093
25474
8112
57
19
1309
416
1323
421
14
5
17835
5680
48838
15554
31003
9874
4854
7424
2570
-524
5328
5852
-91
476
567
-10773
2782
13555
-10773
2782
13555
(90)
Rs.Cr US $ Mn
(93)
(94)
(95)
Source: RBI (2003), Handbook of Statistics on the Indian Economy.
(92)
(96)
(3542)
-340
128
468
332
651
319
2132
9804
7672
5750
6341
591
13106
13317
211
12854
13065
211
252
252
9794
32267
22473
(103)
(23100) (3045) (23804) (3186) (28237)

112
25
589
136
-1538
180
42
646
148
585
68
17
57
12
2123
1160
272
1356
312
1526
2520
597
2523
582
2986
1360
325
1167
270
1460
5361
1286 14987
3198
9634
31350
7447 44044 10122 44907
25989
6161 29057
6924
35273
- 26308
11064
2626 17412
4016
29013
1461
348
1600
138
2705
44542 10587 54789 12638 59967
44799 10649 54939 12672 60948
257
62
150
34
981
43242 10280 53132 12256 58811
43494 10341 53280 12290 59792
252
61
148
34
981
1300
307
1657
382 11156
1305
308
1659
382
1156
5
1
2
0
38689
9208 57028 12935 45139
108459 25770 131449 30324 147778
69770 16562 74421 17389 102639
897
3036
2139
-665
1745
2410
114
236
122
-3423
2079
5502
-3559
1931
5490
(101)
693
3497
2804
-1512
2046
3558
47
270
223
-5004
2682
7686
-4664
2554
7218
3898
13166
9268
-3050
7400
10450
479
1004
525
-14842
9019
23861
-15431
8373
23804
(100)
3323
16064
12741
-6808
9364
16172
230
1234
1004
-22733
12275
35008
-21195
11690
32885
1250
2993
1743
-755
1925
2680
112
224
112
-3519
1977
5496
-3544
1935
5479
(99)
(102)
(1)
(98)
2000-01
5277
2603
7326
-3157
8109
11266
473
945
472
-14855
8313
23168
-14967
8133
23100
1999-00
(97)
1998-99

5241
1546
7183 2020
5541
1477
1.1 Receipts
9150
2713
10232 2878 10880
2914
1.2 Payments
3909
1167
3049
858
5339
1437
-516
-158
-1555
-441
-2548
-686
2.1 Receipts
6764
2011
6942 1953
6805
1836
2.2 Payments
7280
2169
8497 2394
9353
2522
(3) Insurance (Net)
121
36
228
64
210
57
3.1 Receipts
599
179
771
217
890
240
3.2 Payments
478
143
543
153
680
183
-10716 -3205 -11767 -3307 -13204
-3521
4732
1429
3812 1073
5795
1561
15448
4634
15579 4380 18999
5082
-10716 -3205 -11767 -3307 -13204
-3521
4.1a Receipts
4732
1429
3812 1073
5795
1561
4.1b Payments
15448
4634
15579 4380 18999
5082
service payments on
Foreign loans and credit (3186) (16215) (15579) (2201) (18999) (2912)
4.2a Receipts
4.2b Payments
-680
-205
-379
-106
444
116
5.1 Receipts
44
13
257
72
1038
276
5.2 Payments
724
218
636
178
594
160
-4868 -1416
-2856
-811
1296
355
6.1 Receipts
8191
2430
8363 2354 15489
4163
6.2 Payments
13059
3846
11219 3165 14193
3808
6.1a Receipts
6570
1760
6.1b Payments
829
223
29833
8851
45425 12777 45183 12209
Receipts
29963
8890
45716 12858 45348 12254
Payments
130
39
291
81
165
45
Private (Net)
28660
8506
43969 12367 43765 11830
Receipts
28769
8539
44209 12435 43930 11875
Payments
109
33
240
68
165
45
Official (Net)
1173
345
1456
410
1418
379
Receipts
1194
351
1507
423
1418
379
Payments
21
6
51
13
0
0
(8) Total (Net)
18415
5449
36279 10196 36922 100007
8.1 Receipts
59443 17665
76093 21405 86245 23244
8.2 Payments
41028 12216
39814 11209 49323 13237
1997-98
Rs.Cr US $ Mn
1996-97
1995-96
Rs.Cr US $ Mn
Appendix 2: Break-up of Invisibles on Current Account (Concluded)

2001-02
(25778)
-1725
593
2318
1118
2467
1349
20257
52597
32340
32836
36038
3202
75560
77289
1729
73363
75092
1729
2197
2197
71381
175108
103727
639
14975
14336
-6160
10326
16486
35
1374
1339
-20068
16080
36148
-18343
15487
33830
(104)
(2870)
-362
125
487
235
518
283
4264
11036
6772
15856
16218
362
15856
16218
362
15398
15760
362
458
458
14974
36737
21763
123
3137
3014
-1306
2161
3467
8
288
280
-4206
3379
7585
-3844
3254
7098
(105)
Rs.Cr US $ Mn
2002-03
..
473
565
92
312
1417
1105
20967
48000
68967
42859
46424
3565
81403
85289
3886
79229
83115
3886
2174
2174
82357
202757
120400
-164
15991
16155
-3567
12261
15828
96
1783
1687
-16690
17049
33739
-17163
16484
33647
(106)
..
98
117
19
65
293
228
4324
14253
9929
8863
9600
737
16838
17640
802
16387
17189
802
451
451
0
17035
41925
24890
-29
3312
3341
-736
2536
3272
19
369
350
-3446
3522
6968
-3544
3405
6949
(107)
Rs.Cr US $ Mn
2003-04
..
-3126
(709)
3835
323
1299
976
22551
77379
54828
53912
55986
2074
107391
108999
1608
104819
106427
1608
2572
2572
119287
243103
123816
2762
18873
16111
4255
14958
10703
255
1927
1672
-18250
19668
37918
-15124
18959
34083
(108)
..
-681
(155)
(836)
70
282
212
4924
16865
11941
11750
12200
450
23396
23746
350
22833
23183
350
563
563
0
26015
52982
26967
611
4122
3511
929
3260
2331
57
420
363
-3972
4287
8259
-3291
4132
7423
(109)
Rs.Cr US $ Mn
5541.0
C. Travel Net (A-B)
1998-99
5278.0
7326.0
3687.0
40.0
218.0
1532.0
292.0
1557.0
12604.0
12604.0
(17)
1713
385
271
4
39
..
17
71
2098
1250
1743
877
9
52
363
69
373
2993
2993
(18)
(US $ Mn)
4883.4
1176.9
832.0
12.8
118.6
..
53.6
3920.0
6060.3
(Rs. Cr)
1512
465
284
23
58
..
21
100
1977
2098
(6)
5411.8
1558.5
1189.0
16.2
106.6
..
69.8
4100.0
6970.3
3898.0
9268.0
5490.0
13.0
263.0
1638.0
602.0
1262.0
13166.0
13166.0
(19)
897
2139
1268
3
61
379
137
291
3036
3036
(20)
1999-00PR
(US $ Mn)
1725
497
379
5
34
..
22
79
2222
2222
(8)
(US $ Mn)
1993-94
6970.3
(7)
(Rs. Cr)
(Rs. Cr)
(US $ Mn)
1992-93
6060.3
(5)
(Rs. Cr)
PR : Partially revised.
Sources: Reserve Bank of India Bulletin, May 2003, January 2001, April 1999
Monograph on Indias Balance of Payments, July 1993
1477
1437
5339.0
2914
10880.0
643
6
57
340
85
306
2914
(16)
10880.0
(15)
(US $ Mn)
3780.4
1997-98
(Rs. Cr)
1064
2391.0
21.0
210.0
1256.0
329.0
1132.0
1910.0
1111.5
392
B Payments
Business
Health Related
EducationRelated
Basic travel quota ( BTQ)
Pilgrimage
Others
(includes settlements of
international credit cards)
TOTAL-B
A Receipts
Tourist Expenses
in India
TOTAL-A
Item
C. Travel Net (A-B)
679.2
53.1
136.2
..
49.8
243.0
4891.9
1977
(4)
(US $ Mn)
1991-92
4891.9
(3)
(Rs. Cr)
247
5
43
..
11
97
1456
2612.5
(2)
1456
1990-91
(US $ Mn)
2612.5
(1)
B Payments
Business
443.8
Health Related
9.5
EducationRelated
77.8
Basic travel quota ( BTQ)
..
Pilgrimage
19.9
Others
171.4
(includes settlements of
international credit cards)
TOTAL-B
702.5
A Receipts
Tourist Expenses
in India
TOTAL-A
Item
(Rs. Cr)
1369.0
13136.0
7177.0
15.0
378.0
2977.0
819.0
1770.0
14505.0
14505.0
(21)
1547
818
578
5
48
..
32
187
2365
294
2874
1570
3
83
652
179
387
3168
3168
(22)
(US $ Mn)
2000-01
(Rs. Cr)
4854.3
2569.5
1815.3
16.7
149.7
..
100.2
2872.6
7423.8
2365
(10)
(US $ Mn)
1994-95
7423.8
(9)
(Rs. Cr)
Appendix 2(A): Travel Account : 1990-91 to 2001-02
3011.0
10869.0
6098.0
9.0
582.0
2293.0
333.0
1554.0
13880.0
13880.0
(23)
1546
1167
702
5
65
..
51
395
2713
628
2282
1281
2
122
483
69
325
2910
2910
(24)
(US $ Mn)
2001-02
(Rs. Cr)
5241.5
3908.8
2347.8
17.6
218.5
..
172.1
2657.6
9150.3
2713
(12)
(US $ Mn)
1995-96
9150.3
(11)
(Rs. Cr)
3011.0
10869.0
6098.0
9.0
582.0
2293.0
333.0
1554.0
13880.0
13880.0
(25)
628
2282
1281
2
122
483
69
325
2910
2910
(26)
(US $ Mn)
2020
858
320
4
24
..
64
510
2878
2001-02
(Rs. Cr)
7182.5
3049.3
1136.3
13.8
96.5
..
226.7
5935.9
10231.8
2878
(14)
(US $ Mn)
1996-97
10231.8
(13)
(Rs. Cr)
Net (A-B)
B Total
Payments
1 Remittances of surplus passage
fare and frieght collections to
foreign steamship owners
or operators abroad*
2 Operating expenses of Indian
steamship companies in India**
fare and frieght collections to foreign
airlines operator or owners abroad
air line companies in India
5 Operating expenses of foreign
steamship and air-line companies
6 Charter hire payments
7 Remittances of passage expenses
8 Freight payment on exports
9 Frieght payment on imports
10 Transportation payment
of oil-companies@
11 others
A Total
Receipts
fare and frieght collections by
Indian steamship owners or
operators abroad*
Indian airlines operator or
owners abroad
5 Estimated freight on exports
6 Transportation receipts
of oil companies***
7 Others
Item
23.4
..
1.8
25.0
..
1.1
..
..
..
..
..
..
6.9
..
2.0
..
..
..
..
..
..
2.7
..
3.1
30.1
28.4
19.0
2.1
1.9
16.1
8.0
8.4
47.4
11.5
9.5
46.2
10.7
(2)
10.6
(1)
..
..
27.1
18.0
4.3
..
..
..
3.4
..
..
..
..
2.3
8.0
45.1
4.7
23.6
21.5
5.7
..
..
..
1.4
..
..
..
..
3.3
11.1
45.1
4.9
24.6
..
..
..
22.6
..
8.3
7.3
(4)
9.4
8.4
(3)
20.0
24.6
5.8
..
..
..
3.9
..
..
..
..
2.9
12.0
44.6
4.9
24.5
..
..
..
8.1
7.1
(5)
21.1
26.5
5.7
..
..
..
3.1
..
..
..
..
3.2
14.5
47.6
5.1
26.0
..
..
..
7.1
9.4
(6)
21.5
27.8
9.0
..
..
..
3.0
..
..
..
..
3.3
12.5
49.3
6.4
25.9
..
..
..
9.3
7.7
(7)
28.5
28.9
8.1
..
..
..
2.4
..
..
..
..
5.6
12.8
57.4
6.5
30.4
..
..
..
8.8
11.7
(8)
24.3
32.2
0.7
1.1
1.1
3.3
6.5
0.3
0.1
3.7
15.4
56.5
4.6
31.4
1.9
..
..
8.9
9.7
(9)
1956-57 1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64 1964-65
25.7
27.9
0.9
1.3
1.8
1.5
5.7
0.1
3.8
12.8
53.6
2.8
31.0
3.3
..
..
8.2
8.3
(10)
35.0
46.4
0.8
3.3
3.9
2.2
8.6
0.3
5.5
21.8
81.4
2.3
42.8
5.6
..
..
15.6
15.1
(11)
34.4
59.7
2.4
6.7
0.2
1.5
7.5
11.0
6.3
24.1
94.1
2.7
49.6
5.6
..
..
18.6
17.6
(12)
34.1
65.0
1.0
9.9
1.5
8.5
9.9
0.1
10.3
23.8
99.1
4.0
53.9
4.8
..
..
17.1
19.3
(13)
29.5
72.3
0.5
13.2
1.7
10.0
9.5
0.3
10.5
26.6
101.8
8.1
55.4
3.9
..
..
17.3
17.1
(14)
30.1
78.4
0.5
11.4
0.1
3.0
13.6
11.0
0.1
11.3
27.4
108.5
12.1
55.3
5.1
..
..
16.1
19.9
(15)
43.0
68.3
1.1
5.6
2.8
8.7
9.5
0.1
11.9
28.6
111.3
5.3
61.3
5.5
17.1
22.1
(16)
(Contd)
49.6
71.3
3.0
2.7
2.2
11.1
3.9
0.4
14.1
33.9
120.9
4.4
74.5
6.1
20.0
15.9
(17)
1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73
Appendix 2 (Bi): Transportation Account: 1956-57 to 1989-90
Sources:
125.2
6.8
10.3
92.3
8.6
10.1
5.6
5.8
2.6
23.6
3.7
9.3
2.6
0.7
4.2
2.4
21.0
4.0
1.3
43.7
85.3
132.6
32.7
25.8
101.5
49.3
39.5
217.9
58.3
23.5
145.2
17.3
(19)
10.7
(18)
60.7
195.7
3.5
8.4
2.1
28.7
2.1
1.6
8.8
6.4
74.8
59.3
256.4
20.2
164.7
10.1
8.0
46.4
7.0
(20)
47.1
247.7
10.4
11.2
5.2
26.8
-
3.4
18.9
18.4
83.8
69.6
294.8
4.1
202.2
3.1
12.4
4.8
58.9
9.3
(21)
10.8
2.5
42.5
8.4
(22)
65.1
215.6
2.4
10.5
3.3
29.3
-
5.5
5.2
24.7
82.5
52.2
280.7
2.4
214.1
-
Reserve Bank of India Bulletin, May 2003, January 2001, April 1999
Net (A-B)
B Total
Payments
fare and frieght collections to
foreign steamship owners
or operators abroad*
fare and frieght collections to foreign
airlines operator or owners abroad
steamship and air-line companies
6 Charter hire payments
7 Remittances of passage expenses
8 Freight payment on exports
9 Frieght payment on imports
10 Transportation payment
of oil-companies@
11 others
A Total
Receipts
Indian steamship owners or
operators abroad*
Indian airlines operator or
owners abroad
5 Estimated freight on exports
6 Transportation receipts
of oil companies***
7 Others
Item
45.1
235.2
0.9
8.4
4.2
23.7
-
0.8
17.1
34.1
107.9
38.1
280.3
1.7
219.3
-
16.4
2.0
35.9
5.0
(23)
68.5
252.7
6.4
17.0
0.3
2.4
7.7
-
0.8
16.6
28.3
117.0
56.2
321.2
2.8
248.5
-
18.0
0.8
48.8
2.3
(24)
5.7
355.1
15.7
28.0
0.1
2.9
14.9
-
0.5
21.1
47.2
162.4
62.3
360.8
8.7
262.6
-
24.0
2.8
59.9
2.8
(25)
-84.8
482.5
20.4
35.7
0.2
1.4
27.1
-
3.4
31.8
69.4
218.2
74.9
397.7
21.3
305.9
-
6.3
1.0
59.5
3.7
(26)
-291.3
698.5
26.0
63.1
1.9
2.1
75.7
-
0.3
46.3
109.6
311.5
62.0
407.2
10.8
318.1
-
6.7
1.8
67.5
2.3
(27)
-275.6
715.2
11.9
70.5
0.4
4.1
103.5
-
0.2
4.7
123.8
335.0
61.1
439.6
5.7
378.0
-
11.3
0.2
41.0
3.4
(28)
-274.0
917.7
18.5
90.9
0.4
4.5
184.1
-
2.5
5.8
161.3
332.2
117.5
643.7
4.5
471.1
-
2.1
88.7
75.9
1.4
(29)
-212.2
816.1
22.3
32.5
10.6
151.1
-
14.0
2.5
191.7
305.7
85.7
603.9
1.5
456.0
-
2.2
93.7
49.5
1.0
(30)
-59.9
747.9
14.7
42.5
0.6
7.1
91.1
-
6.8
25.8
144.8
318.2
96.3
688.0
2.2
524.5
-
1.2
105.2
51.5
3.4
(31)
-246.3
1127.9
8.0
64.2
0.2
2.2
138.2
-
4.6
37.3
275.2
496.7
101.3
881.6
1.5
645.0
-
3.3
150.4
76.0
5.4
(32)
-186.7
1486.5
26.6
101.6
1.1
283.4
-
2.5
17.3
360.2
525.8
168.0
1299.8
5.5
808.3
-
6.0
360.8
107.8
11.4
(33)
-346.2
1856.7
11.8
119.8
0.6
353.4
-
10.2
24.5
518.5
562.0
255.9
1510.5
18.1
1098.6
-
6.0
208.6
173.9
5.3
(34)
1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90
Appendix 2 (Bi): Transportation Account: 1956-57 to 1989-90 (Concluded)
1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1980-81 1981-82
TOTAL-B
Transportation Net (A-B)
B. Payments
a. Sea Transport
Surplus remitted by Foreign
companies operating in India
Operating expenses of Indian
companies abroad
Charter hire charges
b. Air Transport
companies abroad
c. Freight on imports
d. Remittance of passage
booking abroad
e. Others
(includes port charges, bunker,
stevdoring, demurrage and
other port facilities)
TOTAL-A
a. Sea Transport
Surplus remitted by Indian
companies operating abroad
Operating expenses of foreign
companies in India
b. Air Transport
companies in India
c. Freight on exports
d. Others
stevedoring, demurrageand
other port facilities
A. Receipts
Item
273
68
..
146
1
14
490.6
121.5
..
262.8
1
25.5
1093
-110
332
596.5
1961
-196.4
207
371.4
983
..
709
3
..
1272.2
5.7
1764.6
149
7
..
7
108
267.7
12.7
..
11.8
194.5
1990-91
(Rs. Crore) (US $ Mn)
3189.8
-881.6
62.6
..
445.7
0.2
24.2
1073.2
752.3
767.6
2308.2
..
1715.3
38.2
316.7
12.9
..
25.8
199.3
..
11
81
1289
-350
26
..
180
0
10
434
304
311
939
..
697
16
129
5
1991-92
4547
-1696.6
..
702.8*
0.3
195.1
1256.6
1115.7
1129.9
2850.4
..
2088.1
0.9
618.3
4.9
..
3
135.2
..
230*
0
64
410
364
369
982
..
721
0
212
2
..
1
46
1485
-503
1992-93
5536.5
-1041.6
135.4
..
790.4
0.2
270.5
1657
849.3
1441.3
4494.9
..
2690.2
13.1
724
15.1
..
682.6
369.9
..
858
4
231
5
..
218
118
1765
-332
43
..
252
0
86
528
271
460
1433
1993-94
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn)
Appendix 2(Bii): Transportation Account : 1990-91to 2001-02
5851.8
-523.7
292.3
..
634.6
3.4
333.8
1346
962.4
1714.1
5328.1
..
3262
106.2
726.6
19.7
..
710.5
503.1
231
6
..
226
160
10
1863
-167
92
..
202
1
106
429
307
546
1696
..
1039
33
1994-95
7279.5
-515
388.1
..
819.4
1.2
503.2
1668.7
925.9
2332.1
6764.5
..
4136.7
222.6
713.8
657.1
..
303.9
730.4
11
211
196
..
91
216
12
(Contd)
2169
-158
116
..
244
0
150
497
276
695
2011
..
1230
67
1995-96
1996-97
546
180
..
169
4
146
1937.7
638.8
..
600.8
14
518.5
2394
-441
361
1281.1
8497.1
-1554.7
789
2800.5
1953
..
1303
60
..
4626.3
222.4
6942.4
265
81
..
55
189
14
940.8
287.9
..
194.2
670.8
13
16
9353
-2548
233
529
1004
430
779
2522
-686
60
144
268
114
208
610
179
663
2249
290
649
1836
19
966
114
252
81
49
47
308
1997-98
1070
2396
6805
72
3570
429
937
301
176
181
1139
15
11265
-3156
969
345
1584
332
966
3226
656
1353
1834
8109
374
4318
1311
700
251
104
207
844
17
167
60
25
49
201
18
2680
-755
229
177
380
31
232
769
155
319
388
1925
89
1026
308
1998-99
10450
-3050
625
324
1317
104
580
3561
501
1757
1681
7400
103
4617
673
781
87
181
262
696
19
2410
-703
144
75
304
24
134
821
116
406
387
1707
24
1065
155
180
20
42
61
161
20
1999-00PR
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn)
* includes frieght payment on exports also.

TOTAL-B
Transportation Net (A-B)
B. Payments
a. Sea Transport
companies abroad
b. Air Transport
companies abroad
c. Freight on imports
d. Remittance of passage
booking abroad
e. Others
stevdoring, demurrage and
other port facilities)
TOTAL-A
A. Receipts
a. Sea Transport
companies in India
b. Air Transport
companies in India
c. Freight on exports
d. Others
stevedoring, demurrageand
other port facilities
Item
Appendix 2(Bii): Transportation Account : 1990-91to 2001-02 (Concluded)
14461
-5711
324
307
2807
34
435
5936
720
2058
1841
8750
19
6177
658
804
89
214
250
539
21
176
20
47
55
118
22
3170
-1257
72
67
615
7
95
1299
161
450
404
1913
4
1350
143
2000-01
11346
-1936
433
234
2369
94
346
4074
826
1506
1464
9410
76
6498
723
835
41
250
322
665
23
175
9
52
68
137
24
2382
-413
91
49
497
20
73
854
175
315
308
1969
16
1361
152
2001-02
Appendix 2(Ci): Insurance Account : 1956-57 to 1996-67

(Rupees, Crore)
Year
Total
Total
Receipts
Life
Payments
Receipts
Marine
Payments
Receipts
Others
Payments
Receipts
Payments
Net
(7-8)
1956-57
0.9
1.2
3.9
0.9
5.6
4.8
10.4
6.9
3.5
1957-58
0.5
0.8
4.3
0.7
4.2
4.0
9.0
5.5
3.5
1958-59
0.3
0.4
3.9
0.8
5.6
4.2
9.8
5.4
4.4
1959-60
0.4
0.4
3.8
0.8
3.8
4.1
8.0
5.3
2.7
1960-61
0.2
0.6
3.9
0.8
4.0
4.4
8.1
5.8
2.3
1961-62
0.2
0.7
4.1
0.8
3.1
4.1
7.4
5.6
1.8
1962-63
0.2
0.5
3.9
0.8
3.5
3.6
7.6
4.9
2.7
1963-64
0.2
0.6
4.4
0.9
3.5
4.0
8.1
5.5
2.6
1964-65
0.1
0.4
4.4
1.1
2.8
3.4
7.3
4.9
2.4
1965-66
0.2
0.3
4.8
1.4
6.7
4.4
11.7
6.1
5.6
1966-67
0.1
0.4
7.2
1.1
4.4
3.7
11.7
5.2
6.5
1967-68
0.5
7.5
1.8
5.0
4.5
12.5
6.8
5.7
1968-69
0.1
0.8
8.0
3.3
4.9
5.0
13.0
9.1
3.9
1969-70
0.1
1.6
8.5
4.1
4.6
7.7
13.2
13.4
-0.2
1970-71
0.2
0.3
7.4
2.1
4.7
9.9
12.3
12.3
0.0
1971-72
0.3
0.6
8.0
4.7
5.2
13.9
13.5
19.2
-5.7
1972-73
0.4
1.2
10.3
1.9
5.7
9.2
16.4
12.3
4.1
1973-74
0.6
0.4
12.2
2.5
7.7
10.7
20.5
13.6
6.9
1974-75
0.6
16.7
2.8
9.3
10.5
26.0
13.9
12.1
1975-76
0.1
1.4
21.6
8.2
13.9
14.8
35.6
24.4
11.2
1976-77
0.2
0.8
26.7
9.1
4.7
19.8
31.6
29.7
1.9
1977-78
0.3
1.2
28.3
15.1
6.8
14.8
35.4
31.1
4.3
1978-79
0.4
6.1
28.9
12.2
6.9
18.8
36.2
37.1
-0.9
1979-80
0.2
2.2
32.7
7.3
13.2
18.5
46.1
28.0
18.1
1980-81
0.2
2.9
34.5
9.7
15.9
21.3
50.6
33.9
16.7
1981-82
0.8
3.1
40.7
8.4
13.2
28.6
54.7
40.1
14.6
1982-83
0.4
2.8
42.9
17.5
14.7
48.6
58.0
68.9
-10.9
1983-84
6.3
2.4
50.1
15.7
57.4
57.1
113.8
75.2
38.6
1984-85
0.4
5.8
61.9
20.8
26.5
57.5
88.8
84.1
4.7
1985-86
0.8
3.1
60.4
28.2
17.4
52.0
78.6
83.3
-4.7
1986-87
0.9
3.9
69.3
37.5
12.9
60.2
83.1
101.6
-18.5
1987-88
1.3
2.0
86.3
22.9
17.9
82.0
105.5
106.9
-1.4
1988-89
1.7
3.0
107.0
30.0
27.3
62.2
136.0
95.2
40.8
1989-90
8.4
4.4
146.3
24.5
43.2
110.8
197.9
139.7
58.2
1990-91
5.6
12.4
1.4
47.9
191.4
98.1
198.4
158.4
40.0
1991-92
10.0
8.5
2.9
67.9
251.8
230.4
264.7
306.8
-42.1
1992-93
7.8
19.5
1.0
122.2
450.6
307.2
459.4
448.9
10.5
1993-94
3.9
8.7
0.8
121.3
383.4
481.8
388.1
611.8
-223.7
1994-95
3.5
9.4
2.8
78.8
469.4
478.4
475.7
566.6
-90.9
1995-96
4.1
22.0
2.9
67.4
592.6
389.5
599.6
478.9
120.7
1996-97
6.0
46.3
12.9
112.4
752.2
383.9
771.1
542.6
228.5
Sources:
Sources:
680
210
4
197
333
12
134
890
183
57
1
54
89
3
36
240
1
38
5
0
12
19
1
50
5
132
184
683
472
473
2
93
192
6
179
945
15
72
2
34
78
744
1998-99
112
112
0
34
46
1
31
224
4
17
0
8
19
176
1998-99
1997-98
TOTAL-B
Insurance Net (A-B)
a. Premium
Life
Non-life
Reinsurance
b. Commission on Business
c. Others
(includes settlement of claims
on account of insurance and
reinsurance
B. Payments
TOTAL-A
c. Commission on Business
received from foreign companies
d. Others
(includes settlement of claims
on account of insurance and
re-insurance)
a. Insurance on export
b. Premium
Life
Non-life
Reinsurance from foreign companies
A. Receipts
Item
525
479
3
45
328
24
125
1004
2
93
3
31
43
832
1999-00
(Rs. Crore)
122
109
1
10
76
6
29
231
0
21
1
7
10
192
1999-00
(US $ Mn)
Appendix 2(Cii): Insurance Account : 1997-98 to 2001-02
562
614
1
43
344
1
173
1176
7
68
5
22
18
1056
2000-01
(Rs. Crore)
122
135
0
9
75
0
38
257
2
15
1
5
4
231
2000-01
(US $ Mn)
1208
71
3
123
780
11
291
1279
14
68
25
26
36
1110
2001-02
(Rs. Crore)
254
13
1
26
163
2
62
267
3
14
5
5
8
232
10
2001-02
(US $ Mn)
12
13
B
11
9
10
1
2
3
4
9
10
A
7
8
1
2
Receipts
Current profits
Dividends of foreign government
securities held by residents
Interest on foreign government
Interest on (non-banking)
private claims on non-residents
Interest on loans extended to non-residents
by official and semi-official institutions
Interest on overdrafts, loans, extended to
non-resident banks and on balances
held abroad by banks in India
Interest on holdings of SDRs
Taxes and tax refunds on profits,
dividends and interest
Income on real estate
Others
Total
of which:
Private investment income receipts
Government investment income receipts
Payments
Current profits
Dividends of foreign controlled companies*
Dividends of non-controlled companies
Interest on government securities
and obligations held by non-residents
Interest on obligations of private
individuals institutions other
than banking institutions
Interest on long-term loans received
from non-residents including international
institutions by official and private sectors**
Of which:
from foreign governments and
international institutions by:
(i) Official sector
(ii) Private sector
Interest on loans and overdrafts
obtained by banking institutions
Interest on balances held in India by
non-resident banks and official institutions
Charges on utitlisation of SDRs
Retained earnings of foreign
controlled rupee companies
Income on real estate owned by foreigners
Others
Total*
of which
Private investment income payments
Government investment income payments
Net (A-B)
Item
..
..
..
0.8
28.5
24.0
4.5
-5.2
19.9
4.0
8.9
..
..
1.1
23.9
..
..
4.5
2.6
..
4.0
2.7
..
..
7.1
..
6.7
..
11.8
8.8
..
..
7.1
16.2
6.4
26.4
9.0
7.1
..
..
..
..
23.3
..
..
..
..
..
..
..
(2)
..
..
32.8
..
..
..
..
..
..
..
(1)
27.1
9.1
-19.9
..
2.1
36.2
..
..
..
9.1
5.2
..
14.3
..
11.5
8.3
..
..
7.4
8.9
..
..
16.3
..
..
..
..
..
..
..
(3)
1958-59
30.2
17.1
-33.3
..
1.5
47.3
..
..
..
17.1
6.2
..
23.3
..
10.8
11.7
..
..
4.8
9.2
..
..
14.0
..
..
..
..
..
..
..
(4)
1959-60
35.2
26.7
-47.7
..
3.0
61.9
..
..
..
26.7
7.6
..
34.3
..
12.2
12.4
..
..
4.6
9.6
..
..
14.2
..
..
..
..
..
..
..
(5)
1960-61
37.3
43.1
-68.2
..
4.4
80.4
..
..
..
43.1
4.1
..
47.2
..
10.3
18.5
..
..
4.1
8.1
1.1
12.2
1.4
0.1
8.2
0.9
0.5
(6)
1961-62
40.9
53.5
-83.6
5.6
94.4
53.4
4.5
-
57.9
10.1
20.8
-
4.2
6.6
1.3
10.8
1.2
0.1
6.7
1.0
0.5
(7)
1962-63
40.5
62.4
-92.0
3.6
102.9
62.4
10.8
-
73.2
7.3
18.8
-
4.0
6.9
1.4
10.9
0.8
0.2
7.3
0.8
0.4
(8)
1963-64
43.5
76.2
-108.3
0.4
0.6
119.7
2.4
6.1
72.0
5.4
0.3
77.4
0.5
9.8
18.1
3.9
0.2
4.2
7.2
0.8
11.4
1.1
0.3
0.3
7.4
1.0
0.5
(9)
1964-65
Appendix 2(Di): Investment Income Account : 1956-57 to 1996-97

1956-57 1957-58
42.3
92.8
-124.2
0.1
0.7
135.1
2.3
7.2
86.0
8.4
0.5
94.4
0.5
9.8
17.2
2.2
0.2
4.5
6.4
0.2
0.9
10.9
1.6
0.3
0.2
6.5
0.7
0.5
(10)
1965-66
64.7
146.2
-192.6
0.5
0.5
210.9
1.2
11.2
135.3
14.8
1.0
150.1
1.8
15.5
24.7
4.1
0.3
4.2
14.1
0.8
18.3
0.8
0.3
0.2
14.2
0.9
1.1
(11)
1966-67
66.1
164.5
-210.6
3.2
230.6
1.5
10.6
154.2
15.6
1.3
169.8
2.5
8.9
29.3
3.4
0.1
4.9
15.1
0.9
20.0
1.4
0.3
0.4
15.1
0.9
1.0
(12)
1967-68
79.6
178.4
-232.6
1.5
258.0
17.0
2.1
11.4
167.6
17.2
0.4
184.8
2.6
8.0
25.2
4.8
0.2
4.4
21.0
1.2
25.4
1.2
0.2
0.3
21.0
0.8
0.7
(13)
(Contd)
94.1
185.8
-246.0
2.7
279.9
29.0
2.4
9.6
176.3
13.5
1.0
189.8
4.9
8.7
27.6
4.1
0.1
4.3
29.6
1.1
33.9
1.4
0.1
0.3
29.7
0.7
0.6
(14)
1968-69 1969-70
12
13
B
11
9
10
1
2
3
4
9
10
A
7
8
1
2
Receipts
Current profits
Others
Total
of which:
Payments
Current profits
Of which:
(i) Official sector
(ii) Private sector
Others
Total*
of which
Net (A-B)
Item
2.8
305.7
110.1
195.6
-269.1
107.0
196.3
-254.2
32.5
1.8
2.1
3.0
303.3
28.4
2.6
10.1
183.6
23.7
0.9
186.1
17.7
1.2
10.4
207.3
1.8
203.8
1.7
7.2
33.8
5.1
0.3
6.4
30.2
5.0
44.1
9.7
37.4
4.8
0.3
0.1
1.0
36.6
1.5
0.4
1.2
1.7
28.9
1.3
0.5
(16)
1.1
49.1
1.0
1.1
0.8
44.2
0.5
0.4
(15)
1970-71 1971-72
115.9
213.2
-297.9
5.3
329.1
33.6
2.2
9.6
203.5
26.8
0.7
230.3
0.6
7.6
34.4
4.7
0.1
6.5
24.7
0.1
1.2
31.2
0.7
0.2
3.0
0.1
23.9
1.1
0.9
(17)
1972-73
130.1
232.2
-318.2
0.1
0.9
362.3
47.2
3.7
2.1
11.6
216.4
27.2
0.5
243.6
1.1
14.0
32.3
5.2
-
7.0
37.1
2.1
44.1
2.8
1.2
0.2
4.6
0.1
32.0
0.6
0.5
(18)
1973-74
153.4
192.3
-248.1
1.2
345.7
73.4
7.5
2.7
0.3
185.2
49.5
1.1
234.7
2.2
4.2
15.8
2.5
0.1
12.1
85.5
3.5
97.6
2.8
2.2
0.3
6.4
0.1
80.0
1.2
1.1
(19)
1974-75
121.7
221.3
-223.8
1.0
343.0
43.3
39.0
1.2
0.8
180.8
36.5
1.4
217.3
2.0
11.5
21.2
3.7
0.6
18.1
101.1
8.4
119.2
8.0
1.5
0.5
4.9
0.3
91.2
3.7
0.7
(20)
1975-76
141.9
222.7
-188.9
0.3
0.4
364.6
37.1
13.2
5.8
1.3
208.0
36.7
2.8
244.7
2.1
7.0
41.2
7.3
1.4
13.8
161.9
1.6
175.7
8.8
0.9
0.2
7.0
0.6
150.7
4.8
1.1
(21)
1976-77
174.9
258.6
-211.4
4.1
433.5
54.3
12.8
3.3
0.7
243.3
32.2
2.9
275.5
2.1
6.3
48.4
19.5
3.6
12.7
209.4
2.9
222.1
7.4
1.0
1.1
14.1
0.2
192.3
1.8
1.3
(22)
1977-78
208.0
250.4
-127.2
5.4
458.4
57.5
12.3
18.9
0.7
236.6
39.8
19.9
276.4
4.7
4.9
43.0
11.4
3.3
12.0
319.2
0.1
2.0
331.2
6.0
2.0
0.8
13.7
304.3
2.0
0.3
(23)
1978-79
Appendix 2(Di): Investment Income Account : 1956-57 to 1996-97
193.0
267.2
89.1
0.1
7.2
460.2
63.1
18.5
2.3
0.2
248.2
33.8
29.5
282.0
3.3
2.5
32.0
18.9
0.6
7.8
541.5
2.0
549.3
13.2
1.2
0.2
8.6
522.1
1.7
0.3
(24)
1979-80
214.7
252.5
256.4
0.1
2.7
467.2
78.2
45.7
2.4
0.7
205.5
38.6
30.1
244.1
2.0
5.3
30.3
25.6
-
12.9
710.7
0.1
5.6
723.6
33.8
1.4
0.1
5.3
0.1
674.2
2.7
0.3
(25)
154.8
320.1
190.6
0.1
8.8
474.9
..
77.9
4.0
0.2
237.2
42.1
33.6
279.3
0.6
6.4
33.1
25.8
5.1
20.0
645.5
4.3
665.5
47.8
2.1
0.8
11.6
0.7
595.1
2.7
0.4
(26)
1980-81 1981-82
233.8
554.2
-323.0
11.2
788.0
..
239.2
3.0
0.6
314.4
80.9
39.3
395.3
10.5
18.1
25.8
44.5
0.5
15.1
449.9
1.0
4.7
465.0
64.5
13.1
2.7
20.7
1.8
353.9
2.0
0.6
(27)
(Contd)
250.2
756.1
-543.8
3.6
1006.3
..
383.6
6.5
0.9
381.1
81.9
54.7
463.0
15.7
15.8
33.5
28.6
0.4
8.0
454.5
3.4
462.5
49.9
0.8
0.5
11.9
1.3
392.9
0.9
0.9
(28)
1982-83 1983-84
43
Balance of Payments
2.5
29.7
1619.0
546.0
1073.0
-949.9
685.1
896.9
-996.1
..
499.1
3.9
24.8
1582.0
..
508.7
3.2
13.7
644.9
228.0
66.3
601.4
124.1
85.7
4.5
872.9
23.9
725.5
102.4
10.6
32.7
42.6
21.1
19.2
649.9
5.0
580.9
12.5
33.9
44.3
36.5
0.1
50.7*
669.1
37.4
0.6
0.5
2.7
1.3
571.1
1.2
585.9
53.7
1.0
0.8
2.8
3.4
521.3
3.2
1.5
(30)
(29)
1.5
0.2
1985-86
1984-85
673.8
1216.2
-1249.5
6.0
1890.0
..
464.7
7.5
1.2
744.5
323.3
170.2
1067.8
73.3
7.8
40.2
45.2
6.1
170.9
469.6
0.1
13.6
640.5
37.0
1.0
0.4
7.4
1.2
577.5
1.4
0.9
(31)
1986-87
724.3
1587.9
-2230.4
8.4
2312.2
..
443.7
4.4
12.0
1164.9
340.0
56.9
1504.9
178.0
9.2
31.8
60.2
2.7
15.3
563.3
10.0
81.8
36.1
2.2
0.5
24.0
1.8
5.2
0.4
1.6
(32)
1987-88
903.1
2177.7
-2478.1
0.1
21.8
3080.8
..
408.0
2.6
31.9
1763.0
389.3
151.8
2152.3
145.2
40.8
34.6
90.9
0.8
18.3
584.4
59.9
602.7
33.6
3.7
1.6
15.5
4.0
481.6
1.4
1.4
(33)
1988-89
1073.4
2930.6
-4874.6
1.5
35.6
-5562.4
..
433.2
7.6
3.4
2478.4
624.4
76.1
3102.8
160.6
39.1
32.0
109.5
2.6
34.2
653.6
72.8
687.8
58.3
3.7
7.2
16.1
3.9
514.0
9.0
2.8
(34)
1989-90
..
..
-6732.4
0.0
13.1
7392.9
..
402.1
21.1
10.1
..
..
74.3
4555.4
212.7
34.8
70.6
146.5
4.0
..
..
0.0
35.0
660.5
67.9
2.1
4.7
64.6
4.5
476.8
2.1
2.8
(35)
1990-91
0.0
21.3
11506.7
..
885.5
17.2
1.4
..
..
175.5
6994.2
218.2
40.0
78.6
266.7
5.8
..
..
0.0
23.2
1003.9
45.5
2.4
4.0
51.9
22.7
842.8
0.2
11.2
(37)
1992-93
..
..
..
..
-9396.7 -10502.8
0.0
22.6
9938.5
..
783.5
14.8
0.6
..
..
163.6
5562.3
542.7
51.1
103.4
166.2
6.6
..
..
0.0
9.9
541.8
50.8
6.5
5.5
69.6
4.0
390.3
1.5
3.7
(36)
1991-92
Appendix 2(Di): Investment Income Account : 1956-57 to 1996-97 (Concluded)
..
834.8
7.5
53.2
..
..
343.9
7711.2
465.2
3.4
267.7
304.5
5.1
..
..
0.0
58.1
2782.5
7.9
38.4
0.4
0.2
6.1
2604.0
61.0
6.4
(39)
1994-95
3.2
1372.7
15448.5
..
634.4
35.5
111.5
..
..
187.8
7376.1
1126.9
25.4
504.7
377.2
20.2
..
..
0.0
53.7
4732.0
13.7
22.3
5.0
0.9
20.0
4518.3
82.1
16.0
(40)
..
..
-11768.5
0.4
318.5
15579.5
..
472.2
38.8
156.4
..
..
78.9
6927.2
708.0
16.0
102.1
834.8
33.4
..
..
2.0
91.4
3811.0
7.1
121.9
31.0
5.6
95.0
3329.8
107.6
19.6
(41)
1995-96 1996-97
..
..
..
..
..
..
-10258.8 -10772.0 -10716.5
0.4
1.5
55.8
314.5
11496.4 13554.5
..
919.5
14.8
1.8
..
..
32.6
7113.3
227.9
18.9
149.8
129.2
12.4
..
..
0.0
15.1
1237.6
82.6
6.5
7.7
44.4
5.9
1069.7
1.3
4.4
(38)
1993-94
* Total figures post 1989-90 include certain items elaborated in RBI Bulletin, April 1999. Hence the sum will not tally.@: Upto 1963-64 this item includes dividends of non-controlled companies.
:**:Interest Payments in 1961 include for U.K. India credit for oil-pipe line under private account.
:*: include an interest subsidy of Rs 44.5 crore received from IMF.
Note : Data do not include interest on Foreign Currency (Non-Residents) Accounts scheme since its inception in 1975.
12
13
B
11
9
10
1
2
3
4
9
10
A
7
8
1
2
Receipts
Current profits
Others
Total
of which:
Payments
Current profits
Of which:
(i) Official sector
(ii) Private sector
Others
Total*
of which
Net (A-B)
Item
6
7
1
2
Compensation of Employees
Wages received by the Indians working
on foreign contracts or the foreigners
working in India on foreign contracts
Investment Income
Interest received on loans to non-residents
Dividend/profit received by Indians
on foreign investment
Interest received on debentures, FRNs,
CPs, Fi deposits and funds held abroad by
Ads out of foreign currency loans/export proceeds
Interest received on overdraft of VOSTRO accounts
of foreign corresondents/branches by the Ads
Payment of taxes by the non-residents/refund
of taxes by foreign governments to Indians
Interest/discount etc. earnings on RBI investment
Interest/remuneration on SDR holdings
TOTAL-II
-13204
G Total Receipts-Payments (B-D)
Monograph on India's Balance of Payments, July 1993
-235
-12969
5020
18764
-3521
-62
-3459
5082
85
41
53
1436
2799
578
28
62
1561
1105
1
1561
358
14
12
46
25
1997-98
317
156
189
5384
10442
2170
106
235
E Compensation of Employees Net (A-B)

F Investment Income Net (A-B)
Payment of wages/salary to Non-residents working
in India or Indians working on projects abroad
Investment Income
Payment of interest on non-resident deposits
Payment of interest on loans from non-residents
Payment of dividend/profit to non-resident share holders
Payment of interest on debentures, FRNs, CPs,
fixed deposits, government securities etc.
Charges on SDRs
Interest paid on overdraft on NOSTRO Account
Payment of taxes by the Indians/refund
of taxes by government to non-residents
TOTAL - II
18999
5
6
7
1
2
3
4
5795
4113
2
5795
1315
55
44
171
95
1997-98
-14968
111
-15079
23101
23032
258
13
497
6919
11657
2752
936
69
8133
5691
6
7953
1799
40
20
294
103
180
1998-99
-3544
25
-3569
5479
5462
62
4
118
1637
2762
658
221
17
1935
1357
1
1893
426
10
69
25
42
1998-99
-15431
589
-16020
23804
23747
132
2
52
7549
13167
2333
512
57
8373
5992
37
7727
854
38
50
688
68
646
1999-00PR
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore)
D TOTAL-C (I+II)
II
C PAYMENTS
B TOTAL - I+II
II
A RECEIPTS
Item
Appendix 2(Dii): Income Account : 1997-98 to 2001-02
-3559
136
-3695
5490
5478
30
0
13
1742
3037
537
119
12
1931
1383
9
1783
195
10
11
159
16
148
-17414
442
-17856
23237
28192
183
0
192
7803
15048
4395
571
45
10823
8926
69
10336
456
21
10
741
113
487
2000-01
-3821
97
-3918
6187
6177
40
0
42
1710
3297
963
125
10
2366
1951
16
2259
104
163
16
107
2000-01
(US $ Mn) (Rs. Crore) (US $ Mn)

1999-00PR
-12663
350
-13013
25778
25724
243
0
243
7613
13401
3756
468
54
13115
9597
39
12711
691
52
61
2041
230
404
2001-02
-2654
74
-2728
5403
5391
51
0
51
1596
2808
787
98
12
2749
2010
8
2663
145
11
13
428
48
86
2001-02
7.4
9.3
24.5
7.1
6.8
13.9
10.6
2.0
6.7
23.7
7.2
5.5
12.7
11.0
7.5
14.5
24.5
7.0
15.6
7.1
39.0
16.3
(3)
7.2
12.4
36.9
5.2
14.6
8.6
49.3
26.1
(4)
5.7
21.3
29.7
8.3
7.3
24.1
6.9
51.0
20.0
(5)
7.7
24.2
5.3
8.3
8.2
9.7
5.8
29.5
14.0
(6)
9.5
25.2
24.9
8.3
7.4
17.8
12.5
50.1
19.8
(7)
6.1
24.2
45.3
8.3
9.8
28.3
10.9
69.5
30.3
(8)
4.0
14.9
81.3
10.9
33.2
5.9
96.2
57.1
(9)
4.5
15.6
29.9
11.1
5.0
45.5
0.4
40.1
(10)
3.4
22.7
58.9
19.3
9.0
81.6
1.3
71.3
(11)
10.1
24.6
56.0
14.5
12.7
80.6
0.2
67.7
(12)
6.5
21.1
22.3
14.6
6.1
43.4
0.5
36.8
(13)
7.1
23.7
3.2
16.6
3.5
26.9
1.3
22.1
(14)
9.0
23.1
6.7
14.1
5.3
29.8
0.9
23.6
(15)
8.0
24.1
4.8
16.1
5.5
28.9
1.3
22.1
(16)
9.1
22.7
8.1
13.6
3.6
30.8
2.1
25.1
(17)
4.1
18.6
74.6
16.9
13.2
30.1
44.5
2.5
4.5
32.9
14.2
7.6
21.8
11.1
(19)
51.9
25.9
(18)
11.4
32.7
71.6
21.3
27.2
104.3
6.5
70.6
(20)
18.1
49.9
33.6
31.8
23.1
83.5
2.5
57.9
(21)
18.1
44.4
33.4
26.3
8.7
77.8
4.4
64.7
(22)
26.0
67.7
22.7
41.7
7.2
90.4
0.8
82.4
(23)
47.1
87.8
-1.4
40.7
12.9
86.4
73.5
(24)
2.5
47.1
40.4
44.6
4.5
87.5
10.9
72.1
(25)
1.2
59.2
71.4
58.0
1.6
130.6
18.0
111.0
(26)
0.1
63.6
42.9
63.5
1.5
106.5
12.1
92.9
(27)
1.2
118.4
20.3
117.2
3.1
138.7
17.6
118.0
(28)
84.2
20.5
84.2
104.7
10.9
93.8
(29)
0.2
123.8
-7.4
123.6
0.7
116.4
0.8
114.9
(30)
0.5
135.8
-3.0
135.3
0.1
132.8
26.7
106.0
(31)
182.1
-61.3
182.1
0.4
120.8
38.6
81.8
(32)
0.1
212.2
-94.2
212.1
8.1
118.0
44.2
65.7
(33)
1.2
211.0
-159.1
209.8
1.0
51.9
19.7
31.2
(34)
1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90
7.8
(2)
15.0
(1)
1956-57 1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64 1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73
Notes :*: Represents freight on PL 480 imports initially borne by India but subsequently refunded by the U.S. authorities.
:**; This is now shown under official transfer payments from 1964-65
1 Maintenance of foreign embassies

and diplomatic missions in India
including U.S. embassy expenditure
out of PL 480 funds
2 Maintenance of international and
regional institutions in India
3 PL 480 freight refund*
4 Others
A Total
Payments
1 Maintenamce of Indian embassies
and diplomatic missions abroad
2 Contribution to Indus Basin
Development Fund**
3 Others
B Total
Net (A-B)
Item
1 Maintenance of foreign embassies

and diplomatic missions in India
including U.S. embassy expenditure
out of PL 480 funds
2 Maintenance of international and
3 PL 480 freight refund*
4 Others
A Total
Payments
1 Maintenamce of Indian embassies
Development Fund**
3 Others
B Total
Net (A-B)
Item
Appendix 2(Ei): Government not included elsewhere Account : From 1956-57 to 1989-90
0.0
0.0
0.0
0.5
51.0
181.3
256.9
TOTAL-A
15.0
53.1
178.0
-106.0
..
..
634.7
-377.8
163.0
581.6
119.0
-102.0
3.0
..
116.0
17.0
0.0
1.0
16.0
305.2
-85.6
44.2
..
261.0
219.6
0.0
195.0
24.6
1992-93
99.0
-24.0
14.0
..
85.0
75.0
3.0
64.0
8.0
594.0
444.0
79.0
1227.0
1038.0
581.0
457.0
1997-98
160.0
116.0
21.0
293.0
276.0
151.0
125.0
1359.0
1161.0
132.0
1023.0
2520.0
1771.0
749.0
1998-99
325.0
272.0
32.0
237.0
597.0
419.0
178.0
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn)
292.5
-250.5
6.4
..
286.1
42.0
0.0
2.8
39.2
1991-92
TOTAL-B
Gnie Net (A-B)
a. Maintenance of Indian embassies

b. Remittances by foreign embassies
and missions in India
c Others
B. Payments
0.0
0.0
72.0
21.0
75.6
1996-97
173.0
-158.0
..
..
311.2
-283.9
173.0
310.7
15.0
4.0
6.8
27.3
11.0
20.5
a. Maintenance of foreign embassies

and diplomatic missions in India.
b. Maintenance of international and
c. Others
A. Receipts
TOTAL-B
Gnie Net (A-B)
a. Maintenance of Indian embassies

b. Remittances by foreign embassies
and missions in India
c Others
B. Payments
TOTAL-A
a. Maintenance of foreign embassies

and diplomatic missions in India.
b. Maintenance of international and
c. Others
A. Receipts
1990-91
153.0
-123.0
31.0
..
122.0
30.0
13.0
2.0
15.0
1167.0
1356.0
144.0
1232.0
2523.0
1636.0
887.0
270.0
312.0
33.0
956.0
582.0
377.0
205.0
1999-00PR
480.6
-386.1
97.3
..
383.3
94.5
42.3
5.0
47.2
1993-94
165.0
-155.0
34.0
..
131.0
10.0
2.0
0.0
8.0
724.1
-680.1
154.3
..
569.8
44.0
13.0
0.0
31.0
4.0
0.0
9.0
218.0
-205.0
48.0
..
170.0
13.0
1995-96
1557.0
1455.0
325.0
270.0
3012.0
1996.0
1016.0
853.0
1293.0
942.0
337.0
201.0
2235.0
1382.0
2000-01
341.0
316.0
71.0
270.0
657.0
435.0
222.0
272.0
197.0
71.0
201.0
469.0
291.0
178.0
2001-02
518.4
-490.1
107.5
..
410.9
28.3
4.2
0.5
23.6
1994-95
Appendix 2(Eii): Government not included elsewhere Account : 1990-98 to 2001-02
47
Balance of Payments
1
2
3
4
Receipts
Technicians
Professional Services
Technical know-how
Management fees, office expenses,
agency services, etc.
5 Underwriters commission
6 Settlement on account of post,
telegraph, telephone and
radio charges
7 Advertisement charges
8 Foreign Subscriptions to Indian
periodicals, magazines, etc.
9 Film rentals
10 Refunds and rebates on imports
11 Other refunds and rebates
12 Royalties
13 Rentals
14 Oil companies miscellaneous
remmittance equivalents
15 Proceeds of rupee travellers cheques
sold by non-resident banks
16 Others
A Total
B Payments
1 Technicians
2 Other professional Services
3 Technical know-how
4 Management fees, office expenses,
5 Newspaper correspondents
7 Remittances against non-fulfilment
of contracts
radio charges
10 Indian Subscriptions to Foreign
11 Film rentals
12 Refunds and rebates on exports
14 Royalties
15 Rentals
remmittable liabilities
(not included elsewhere)
17 Others
B Total
Net (A-B)
Item
(Rupees, Crore)
..
0.2
..
11.3
..
..
..
..
..
..
..
..
..
..
25.1
36.6
..
4.7
..
10.5
..
..
..
..
..
..
..
..
..
0.9
..
..
9.2
25.3
11.3
..
0.3
..
11.5
..
..
..
..
..
..
..
..
..
..
25.3
37.1
..
5.5
..
9.6
..
..
..
..
..
..
..
..
..
1.2
..
..
7.3
23.6
13.5
13.6
28.5
8.7
..
..
..
1.3
..
..
..
..
..
..
..
..
..
4.4
..
9.2
27.0
37.2
..
..
..
..
..
..
..
..
..
..
..
0.6
..
9.6
11.1
28.7
1.4
..
..
..
1.8
..
..
..
..
..
..
..
..
..
5.8
..
10.0
19.9
30.1
..
..
..
..
..
..
..
..
..
..
..
0.5
..
9.7
17.5
34.6
2.0
..
..
..
2.5
..
..
..
..
..
..
..
..
..
5.5
..
9.1
24.3
36.6
..
..
..
..
..
..
..
..
..
..
..
..
0.5
..
11.8
16.7
38.7
-3.2
..
..
..
2.4
..
..
..
..
..
..
..
..
..
9.6
..
10.0
23.1
35.5
..
..
..
..
..
..
..
..
..
..
..
..
0.3
..
12.1
18
44.2
-10.8
..
..
..
3.6
..
..
..
..
..
..
..
..
..
13
..
9.6
20.9
33.4
..
..
..
..
..
..
..
..
..
..
..
..
0.2
..
12.3
16.5
46.5
-14.0
..
..
..
4.6
..
..
..
..
..
..
..
..
..
12.7
..
12.7
14.3
32.5
..
..
..
..
..
..
..
..
..
..
..
..
3.1
..
15.1
0.2
45.8
-22.4
0.3
1.0
4.4
9.2
0.4
1.6
0.1
0.2
-
12.6
1.9
3.6
10.3
-2.6
23.4
0.1
0.5
0.4
7.9
0.2
0.1
0.9
3.1
12.8
0.8
49.4
-23.6
0.2
0.9
2.9
0.3
7.2
0.4
1.8
0.2
0.2
0.1
13.3
2.1
7.0
12.0
-0.4
25.8
0.8
0.2
7.6
0.1
-
0.7
1
2.4
13.4
2.3
61.6
-11.2
0.3
2.5
5.1
0.1
1.7
0.4
2.7
0.3
0.3
0.3
16.8
2.6
10.4
15.8
13.1
50.4
0.1
0.6
0.4
12.2
0.2
0.1
1.5
5
17.2
67.3
-24.3
0.6
1.4
4.3
0.1
7.4
0.5
3.1
0.3
0.3
0.2
15.1
2.8
14.7
16.5
10.2
43.0
0.4
1.0
0.2
7.5
0.2
0.1
2.2
1.5
19.7
1.8
67.2
-7.8
0.3
2.4
4.8
0.2
6.4
0.4
3.5
0.2
0.3
0.1
12.1
2.5
16.0
16.2
26.5
59.4
0.2
0.6
1.0
0.1
4.0
0.3
0.2
3.2
7.3
0.1
0.1
15.8
1.2
67
-23.5
0.3
0.3
1.5
5.8
6.6
0.5
4.5
0.4
0.3
0.2
11.4
3.0
12.8
18.2
14.0
43.5
0.1
0.4
0.6
0.1
4.6
0.2
0.1
2.3
7.1
0.4
0.1
13.5
3.8
78.5
-47.2
0.3
1.9
0.6
5.2
8.2
0.7
4.6
0.4
0.3
-
8.4
2.2
20.6
21.3
6.1
31.3
0.3
0.2
0.8
2.7
0.3
0.1
1.6
7.8
0.3
-2.4
13.5
6.4
79.0
-31.0
0.1
2.1
1.2
5.9
2.3
1.7
5.3
0.4
0.4
0.1
0.1
8.3
3.9
13.9
26.9
20.7
48.0
0.2
0.3
0.2
0.1
0.8
0.1
0.1
1.6
7.7
0.3
0.2
15.7
(Contd)
16.0
82.2
-35.1
1.8
1.5
7.3
0.4
0.8
5.6
0.3
0.3
-
8.2
2.7
11.3
26.0
23.0
47.1
0.1
0.4
0.3
0.2
0.6
0.1
0.1
1.5
5.3
0.8
0.4
14.3
1956-57 1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64 1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Appendix 2(Fi): Miscellaneous Account : From 1956-57 to 1989-90
(Rupees, Crore)
0.2
1.1
0.5
21.1
1.4
0.2
0.1
0.2
0.5
0.1
0.4
56.9
82.7
3.4
12.5
33.1
0.1
0.2
0.2
2.6
6.0
0.2
2.2
1.0
8.5
0.7
21.9
100.0
-17.3
2.7
0.5
0.1
18.9
0.5
0.2
0.2
0.3
0.3
0.1
0.3
24.4
48.5
2.8
14.1
28.9
0.2
0.2
0.5
1.8
7.0
0.3
2.9
0.9
6.2
0.4
1.8
12.5
90.6
-42.1
52.0
171.2
-19.8
4.5
1.9
10.5
0.5
0.7
1.3
11.2
0.3
0.2
0.1
0.2
119.4
151.4
4.1
25.7
50.9
0.1
0.7
0.3
0.2
0.1
0.1
0.3
2.5
0.7
1.3
0.5
25.2
64.1
252.3
-65.1
0.6
15.0
3.1
15.9
1.2
1.4
0.8
13.9
1.5
0.2
0.2
151.5
187.2
13.2
37.8
73.1
0.1
0.5
0.9
0.1
0.1
0.1
0.3
0.1
2.8
0.9
3.1
0.9
25.8
32.3
258.3
17.1
0.3
13.7
18.8
19.5
0.5
-
2.9
13.5
0.5
0.1
0.3
233.1
275.4
37.6
28.1
80.0
0.3
0.3
0.6
1.8
0.2
0.1
-
0.2
0.8
0.4
1.2
0.5
4.6
1.1
30.2
71.2
325.7
51.6
0.4
8.1
3.8
12.7
0.7
-
2.5
19.1
1.8
0.1
0.1
0.1
304.5
377.3
8.0
55.5
96.2
0.4
1.1
0.8
0.1
-
0.1
0.6
0.1
0.9
0.5
3.3
6.1
58.8
237.0
562.1
-33.1
0.2
8.5
26.7
9.6
0.2
-
2.0
26.8
0.8
0.2
0.2
439.7
529.0
11.3
44.0
185.5
0.1
0.2
1.7
0.9
0.1
-
0.1
0.4
0.3
2
0.7
7.2
1.9
73.7
328.2
662.9
87.7
0.6
6.0
6.1
8.9
0.2
-
3.2
28.9
1.3
0.1
0.1
0.2
659.9
750.6
11.9
98.0
146.6
0.7
0.2
0.8
1.0
0.1
0.1
-
0.8
1.0
0.7
1.4
1.2
5.1
3.1
74.5
166.1
788.4
29.2
0.1
3.8
4.0
16.0
0.1
-
2.6
32.0
2.8
0.4
1.8
704.3
817.6
13.9
270.7
261.0
0.5
0.2
2.9
1.8
0.2
-
0.1
0.3
1.9
2.1
6.7
5.8
90.8
128.4
798.3
278.8
9.3
10.3
39.7
0.5
-
5.0
48.0
14.7
0.5
0.1
0.5
840.3
1077.0
42.0
258.6
210.6
0.3
0.2
9.3
1.7
10.0
-
1.2
0.4
5.7
1.9
8.4
8.1
198.6
0.4
0.2
1.2
1.1
0.1
-
0.9
1.6
0.2
4.3
3.2
8.9
3.6
232.4
1.1
0.1
1.1
2.5
0.3
0.1
-
0.2
1.6
0.1
0.5
4.1
10.2
8.3
172.8
0.1
6.7
16.2
28.5
1.3
-
3.9
102.1
7.2
0.8
0.2
2.2
0.1
10.5
69.9
23.5
1.5
-
10.0
83.3
3.9
1.4
0.2
0.9
372.8
421.2
147.6
1110.0 1298.0 1164.0
505.4 1064.0
898.9
0.2
7.5
12.9
27.6
1.5
-
10.1
40.8
7.3
0.3
0.1
8.9
1426.4 2103.7 1859.7

1615.0 2362.0 2063.0
45.3
82.6
69.5
314.9
300.6
367.8
233.5
294.6
331.7
1.4
1.4
6.3
1.8
0.5
-
1
0.2
0.1
7.2
2.3
7.0
6.0
153.6
1.3
0.1
3.5
5.2
1.4
0.2
-
2.4
6.2
3.1
5.0
12.4
6.3
347.8
0.2
23.3
11.2
60.4
9.7
-
7.0
99.7
62.2
0.7
0.3
2.8
220.8
428.5
1485.0 2021.0
117.7 -353.0
23.8
13.9
40.1
1.3
-
51.8
131.7
14.5
0.6
1.6
1354.1 1272.6
1603.0
103.0
105.7
282.0
358.4
459.3
447.9
470.2
0.8
1.3
4.7
1.3
0.6
0.1
-
0.5
2.3
0.7
2.7
6.6
12.8
214.3
457.3
2287.0
-169.0
0.3
20.1
28.5
180.6
3.7
-
15.0
114.7
40.5
0.9
4.1
1473.5
160.0
230.4
316.7
714.3
0.4
3.3
10.7
1.2
0.4
-
6.7
11.1
0.3
50.1
13.3
20.2
8.4
516.1
848.9
2988.0
-63.8
0.5
37.1
27.2
197.4
4.7
-
10.7
134.4
9.2
1.1
3.9
6.5
1905.0
175.3
169.2
458.8
902.6
2.3
0.5
6.4
11.7
2.5
1.3
-
13.7
24.9
16.2
69.0
44.2
8.7
817.3
1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
A Receipts
1 Technicians
2 Professional Services
radio charges
8 Foreign Subscriptions to Indian
9 Film rentals
10 Refunds and rebates on imports
12 Royalties
13 Rentals
remmittance equivalents
15 Proceeds of rupee travellers cheques
sold by non-resident banks
16 Others
A Total
2 Other professional Services
5 Newspaper correspondents
7 Remittances against non-fulfilment
of contracts
radio charges
10 Indian Subscriptions to Foreign
11 Film rentals
12 Refunds and rebates on exports
14 Royalties
15 Rentals
remmittable liabilities
(not included elsewhere)
17 Others
B Total
Net (A-B)
Item
Appendix 2(Fi): Miscellaneous Account : From 1956-57 to 1989-90 (Concluded)
..
..
..
..
Financial services
Software services
News agency services
Royalties, copyright and license fees
..
..
..
..
Financial services
Software services
C. Miscellaneous Net (A-B)
TOTAL-B
not enumerated elsewhere)
exhibitions & other services
rentals, office maintenance, prizes,
Other services (Advertising,
-187.2
1197.1
..
1197.1
..
Management services
..
1009.9
..
B. Payments
TOTAL-A
office maintenance, prizes,
Other services (Advertising, rentals,
1009.9
..
Construction Sevices
Management services
..
A. Receipts
..
..
..
..
..
..
-104
667
..
667
..
..
..
..
..
..
563
..
563
1990-91
-993.2
2246.7
..
2246.7
..
..
..
..
..
..
1253.5
..
1253.5
..
..
..
..
..
..
..
..
..
..
..
..
-434
946
..
946
..
..
..
..
..
..
512
..
512
1991-92
-1155
2279.8
..
2279.8
..
..
..
..
..
..
1124.8
..
1124.8
..
..
..
..
..
..
..
..
..
..
..
..
-358
744
..
744
..
..
..
..
..
..
386
..
386
1992-93
366.1
2046.7
..
2046.7
..
..
..
..
..
..
2412.8
..
1392.8
..
..
1020
..
..
..
..
..
..
116
653
..
653
..
..
..
..
..
..
769
..
444
..
..
325
1993-94
Appendix 2(Fii): Miscellaneous Account : 1990-91 to 2001-02
-34.2
3130.3
..
3130.3
..
..
..
..
..
..
3096.1
..
1910.7
..
..
1185.4
..
..
..
..
609
..
..
489
..
..
..
101
997
..
997
..
..
..
..
..
..
1098
1994-95
-2269
6655.5
..
6655.5
..
..
..
..
..
..
4386.5
..
1866.5
..
..
2520
..
..
..
..
554
..
..
747
..
..
..
(Contd)
-660
1961
..
1961
..
..
..
..
..
..
1301
1995-96
..
..
..
..
Financial services
Software services
1220.1
4074.2
..
341
1151
..
1151
..
..
..
..
..
..
1492
..
393
..
..
1099
..
..
..
1296
14193
6120
3132
618
530
829
2402
239
323
15489
4103
2044
80
586
6570
1112
370
624
PR : Partially revised.
C. Miscellaneous Net (A-B)
TOTAL-B
rentals, office maintenance, prizes,
Other services (Advertising,
4074.2
..
Management services
..
5294.3
..
1394.3
B. Payments
TOTAL-A
office maintenance, prizes,
Other services (Advertising, rentals,
Management services
..
Software services
..
..
3900
Financial services
..
Construction Sevices
..
A. Receipts
1996-97
355
3808
1637
841
166
142
223
647
65
87
4163
1109
549
21
156
1760
296
101
171
1997-98
5361
25989
16506
2802
1055
431
1461
2885
414
435
31350
12254
2477
73
1106
11064
1190
634
2552
1286
6161
3908
663
250
104
348
687
98
103
7447
2917
590
18
262
2626
283
150
601
1998-99
14987
29057
15126
3456
1351
693
1600
5785
220
826
44044
14259
2790
237
1485
17412
1569
1691
4601
3449
6704
3497
795
311
90
138
1632
51
190
10153
3284
643
54
342
4016
361
389
1064
1999-00
Appendix 2(Fii): Miscellaneous Account : 1990-91 to 2001-02 (Concluded)
13674
45496
21314
6376
2367
1378
2706
9221
996
1138
59170
12671
4471
280
511
29014
3193
3081
5949
2990
9885
4631
1385
514
299
590
2003
216
247
12875
2733
970
62
114
6341
696
671
1288
2000-01
18053
51882
19861
8341
2671
1509
3202
11117
2462
2719
69935
21839
4546
400
35
34216
3719
803
4377
921
780
167
3774
10897
4172
1752
561
317
672
2335
517
571
14671
4586
951
84
7175
2001-02
0.3
4 Others
9 Grants to ITEC programme
10 Contribution to World Health
Net (A-B)
B Total
11 Others
37.0
8 Grants to Bangladesh
Organisation
7 Government exports-grants
32.9
5 Commodity agreement with Gulf states
32.9
0.1
32.8
(2)
6 Exports on gift basis
Development Fund
extended by Government of India
3 Donations and technical assistance
international agencies
2 Government contribution to
in India
1 Pension on government account
Payments
37.0
3 PL 480 Title II
A Total
36.7
(1)
2 PL 480 Title I
1 Grants from various countries
Receipts
Item
(Rupees, Crore)
35.6
35.6
0.1
35.5
(3)
38.0
38.0
0.2
0.3
37.5
(4)
33.4
45.2
0.2
11.8*
33.2
(5)
45.9
45.9
2.3
13.3
30.3
(6)
77.2
77.2
0.1
54.4
22.7
(7)
83.4
83.4
1.3
62.8
19.3
(8)
141.8
10.3
8.3
1.7
0.3
152.1
0.8
14.0
122.0
15.3
(9)
92.3
11.5
8.3
2.8
0.4
103.8
0.2
16.5
60.2
26.9
(10)
107.6
17.2
13.0
3.8
0.4
124.8
37.0
0.2
87.6
(11)
70.2
18.1
13.0
0.1
4.4
0.6
88.3
0.2
48.1
40.0
(12)
107.0
16.2
11.2
4.6
0.4
123.2
3.8
50.7
10.9
57.8
(13)
98.2
16.9
2.2
11.3
0.1
3.0
0.3
115.1
4.1
49.4
41.2
20.4
(14)
121.5
6.5
0.1
1.4
4.5
0.5
128.0
4.6
55.8
17.9
49.7
(15)
116.3
41.9
2.2
23.5
0.6
12.0
3.1
0.5
158.2
2.0
62.7
40.8
52.7
(16)
(Contd)
8.4
110.0
0.5
99.5
4.5
0.2
0.1
4.6
0.6
118.4
1.2
61.1
44.4
11.7
(17)
1956-57 1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64 1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73
Appendix 2(Gi): Official Transfer Payments Account : 1956-57 to 1989-90
Others
Payments
Exports on gift basis
Government exports-grants
Grants to Bangladesh
Grants to ITEC programme
Net (A-B)
Total
11 Others
Organisation
17.0
5.8
2.7
3.0
0.2
4.8
0.5
1750.0
Commodity agreement with Gulf states
10 Contribution to World Health
2.6
60.8
1767.0
Development Fund
Contribution to Indus Basin
extended by Government of India
Donations and technical assistance
international agencies
Government contribution to
in India
Pension on government account
15.2
1688.4@
PL 480 Title II
Total
PL 480 Title I
(18)
137.8
10.2
1.2
1.0
0.1
6.8
1.1
148.0
0.5
59.7
16.4
71.4
(19)
477.7
7.8
0.1
2.8
1.1
3.0
0.8
485.5
50.3
117.6
317.6
(20)
383.0
10.8
2.9
1.0
0.1
6.3
0.5
393.8
12.7
121.9
259.2
(21)
382.4
11.9
6.7
1.4
0.1
3.2
0.5
394.3
13.7
112.0
268.6
(22)
531.5
4.9
3.0
0.2
0.1
0.1
0.9
0.6
536.4
23.6
115.5
397.3
(23)
494.5
12.9
4.1
0.1
4.8
3.5
0.4
507.4
41.4
159.8
306.2
(24)
591.8
3.7
3.0
0.2
0.3
0.2
595.5
128.0
119.3
348.2
(25)
448.1
2.6
0.5
1.6
0.5
450.7
5.3
154.3
291.1
(26)
379.8
6.5
0.3
0.1
5.8
0.3
386.3
1.2
110.0
275.1
(27)
392.0
7.3
0.1
7.1
0.1
399.3
19.5
136.9
242.9
(28)
574.3
3.8
0.1
3.6
0.1
578.1
38.2
134.3
405.6
(29)
427.3
12.6
0.2
12.1
0.3
439.9
0.6
119.9
319.4
(30)
525.3
4.7
0.1
4.4
0.2
530.0
40.9
119.2
369.9
(31)
532.4
3.3
3.1
0.2
535.7
26.9
116.9
391.9
(32)
Notes : *: Include Rs 8.4 crore earmarked by the U.S. authorities to finance export of goods and services to Nepal under their economic aid programme to that country.
:@: Receipts for the year 1973-74 include Rs 1664 crore as official grant receipts under the agreement dated February 18, 1974 between the government of India and USA.
Grants from various countries
Receipts
Item
(Rupees, Crore)
724.2
8.7
8.4
0.3
732.9
43.7
171.0
518.2
(33)
896.8
5.2
5.0
0.2
902.0
24.2
127.9
749.9
(34)
1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90
Appendix 2(Gi): Official Transfer Payments Account : 1956-57 to 1989-90 (Concluded)
1457.1
50.3
410
13
13
423
12
0
411
460
461
81
2
378
1052.7
2.3
2.2
1055
306.6
0.6
747.8
1992-93
363
364
106
0
258
1418
1418
6
386
1026
1997-98
379
379
2
105
272
1300
1305
0
400
905
1998-99
307
308
0
94
214
1140
1.5
1.4
1141.5
201.5
5.3
934.7
1991-92
Official Transfers Net (A-B)
TOTAL-B
50
1507.4
TOTAL-A
1996-97
42.3
0
1465.1
B Payments
Grants/donations from official sector
462
463
100
7
356
827.5
1.8
Donations received from Non- residents

Grant under PL 480 II
Grants from other Governments
A Receipts
Official Transfers Net (A-B)
TOTAL-B
1.7
829.3
TOTAL-A
B Payments
Grants/donations from official sector
178.8
11.8
638.7
Donations received from Non- residents

Grant under PL 480 II
Grants from other Governments
A Receipts
1990-91
368
373
0
93
280
1309
13.9
13.3
1322.9
315.4
4.6
1002.9
1994-95
415
420
100
1
319
1657
1659
174
414
1071
1999-00
382
382
40
96
246
1546
10
10
1556
489
439
628
2000-01
336
338
107
95
136
1155.3
15
14.9
1170.3
0.8
291.3
878.2
1993-94
Appendix 2(Gii): Official Transfers Account : 1990-91 to 2001-02
345
351
66
4
281
1847
1851
29
279
1543
2001-02
384
385
6
58
321
1172.7
21
20
1193.7
223.5
14.1
956.1
1995-96
B Total
Net (A-B)
Payments
1 Family maintenance
2 Personal gifts and donations to
religious organisation and
charitable institutions abroad
3 Migrants transfers by Indian
nationals
4 Migrants transfers by foreign
nationals
5 Transfers of legacies and assets
in trust
6 Remittances of savings by foreign
nationals
7 Personal income-tax and
income-tax refunds
8 Transfers of provident fund and
other retirement benefit funds
9 Pensions
10 Reimbursement of money
order drawings
11 Lottery tickets and prizes
A Total
Receipts*
1 Receipts for family maintenance
religious orgainsations and
charitableinstitutions in India
nationals
nationals
5 Transfers of legacies and
assets in trust
6 Repatriation of savings by
Indians resident abroad
7 Remittances of professional
income-tax and income-tax refunds
8 Receipts of provident fund
and other retirement benefit
funds from abroad
order drawings
10 Others
Item
(Rupees, Crore)
..
..
..
..
..
33.2
1.4
..
..
..
..
..
33.2
2.2
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
16.5
45.7
..
..
15.8
47.8
..
..
..
..
62.2
6.1
6.8
63.6
..
21.5
..
21.4
16.7
41.2
..
..
..
..
..
..
..
..
..
..
..
57.9
3.2
28.1
..
..
..
..
..
5.9
..
20.7
16.1
40.0
..
..
..
..
..
..
..
..
..
..
..
56.1
4.6
24.9
..
..
..
..
..
6.1
..
20.5
16.8
28.1
..
..
..
..
..
..
..
..
..
..
..
44.9
0.2
20.7
..
..
..
..
..
5.0
..
19.0
16.2
25.0
..
..
..
..
..
..
..
..
..
..
..
41.2
4.2
13.9
..
..
..
..
..
3.5
..
19.6
14.0
26.1
..
..
..
..
..
..
..
..
..
..
..
40.1
5.3
..
..
..
..
..
..
3.7
..
31.1
13.3
34.1
..
..
..
..
..
..
..
..
..
..
..
47.4
7.1
..
..
..
..
..
..
4.6
..
35.7
16.6
25.6
0.7
0.1
0.6
2.1
0.5
5.8
1.1
5.4
0.3
42.2
7.5
0.2
0.2
2.7
0.2
1.6
3.3
26.5
15.8
62.6
1.0
-
0.5
1.8
0.6
5.6
1.0
5.3
-
78.4*
4.6
0.3
0.1
1.2
0.4
0.8
1.8
11.4
20.2
53.0
1.1
-
0.5
2.8
0.5
7.4
1.3
6.5
0.1
73.2*
5.9
0.3
2.3
0.5
0.1
0.7
2.1
21.5
18.9
52.9
1.3
-
0.7
2.1
0.5
6.6
1.3
6.3
0.1
71.8
5.2
0.4
0.2
6.3
0.2
0.2
2.2
4.5
52.6
16.4
75.2
1.4
-
0.7
1.6
0.6
6.2
1.0
4.8
0.1
91.6
9.9
0.7
10.0
0.3
3.0
5.0
62.7
14.1
83.5
1.3
-
0.5
1.4
0.6
4.6
1.0
4.4
0.3
97.6
9.4
0.7
0.3
10.6
0.4
0.3
3.2
4.4
68.3
13.1
87.6
1.3
-
0.5
1.2
0.6
5.1
1.1
3.2
0.1
100.7
8.8
0.9
0.3
8.6
0.3
0.3
4.5
4.4
72.6
12.1
104.2
1.3
-
0.2
0.8
1.1
0.5
4.2
1.0
2.8
0.2
116.3
8.3
0.6
9.7
0.3
0.3
3.1
3.9
90.1
(Contd)
11.3
99.3
1.2
-
0.2
0.4
1.0
0.5
3.6
0.5
2.7
1.2
110.6
9.1
0.9
18.0
0.4
0.2
3.7
3.0
75.3
1956-57 1957-58 1958-59 1959-60 1960-61 1961-62 1962-63 1963-64 1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
Appendix 2(Hi): Private Transfer Payments Account : 1956-57 to 1989-90
0.4
0.7
40.8
0.1
2.4
22.0
-
0.4
0.5
30.1
0.2
1.1
15.4
-
2.1
0.3
0.6
0.3
0.2
1.0
-
3.1
0.4
1.3
0.6
0.2
1.2
0.4
6.3
229.1
0.2
1.6
12.0
146.2
1.5
0.1
2.0
1.2
235.4
6.2
5.4
158.2
10.5
152.3
5.7
99.4
13.3
440.5
1.4
-
0.2
4.3
1.5
0.4
2.9
0.7
1.7
0.2
453.8
57.1
4.5
137.6
0.4
4.6
48.5
201.1
6.9
755.2
1.3
-
0.7
0.9
0.4
2.2
0.2
1.1
0.1
762.1
79.7
8.8
0.1
268.9
0.4
0.6
6.4
81.7
315.5
6.5
1101.9
1.2
-
0.8
0.5
0.8
0.6
1.4
0.3
0.8
0.1
1108.4
122.4
15.5
0.1
386.4
0.1
1.0
9.0
120.5
453.4
16.7
1092.8
1.3
-
0.2
0.6
3.1
1.1
9.3
0.3
0.7
0.1
1109.5
39.9
2.3
1.0
573.6
0.1
1.2
133.1
358.3
7.7
1754.4
1.8
-
0.8
1.2
0.5
2.0
0.3
0.9
0.2
1762.1
65.5
3.7
1.6
908.6
1.0
0.1
1.7
206.1
573.8
11.6
2125.1
1.4
3.2
1.2
1.4
0.8
0.8
0.6
2.0
0.2
2136.7
2.0
1239.3
6.4
59.9
241.6
587.5
16.5
2066.3
1.6
7.9
0.6
0.5
1.7
0.3
0.8
1.5
1.4
0.2
2082.8
0.7
2.4
0.4
1251.8
0.4
0.4
4.3
326.9
495.5
14.1
2416.9
0.1
1.2
5.6
2.2
0.5
0.3
1.5
0.5
2.0
0.2
2431.0
0.4
2.4
1.1
1551.4
0.7
0.3
3.8
339.8
531.1
10.6
2637.7
3.7
-
1.5
0.6
0.3
1.9
0.8
1.3
0.5
2648.3
3.0
1.6
1758.7
0.8
10.2
2.7
338.9
532.4
15.2
2966.7
1.2
-
3.8
0.4
2.5
0.6
1.5
0.9
3.7
0.6
2981.9
4.1
1.8
1983.2
0.7
8.2
2.6
371.0
610.3
14.8
2700.7
3.1
-
1.3
1.8
0.3
1.5
0.5
5.3
1.0
2715.5
3.7
2.8
1790.5
0.5
6.1
2.1
403.6
506.2
14.8
2975.8
1.7
-
0.1
0.7
2.8
0.6
2.8
0.5
4.7
0.9
2990.6
5.2
2.9
2027.9
0.2
0.5
2.2
500.3
451.4
34.3
3498.4
2.0
-
0.7
0.5
22.5
0.4
3.1
0.5
3.7
0.9
3532.7
0.3
7.2
2.8
2117.8
0.5
2.5
835.4
566.2
644.2
23.8
3841.6
3.9
-
1.1
2.0
6.2
0.4
5.1
0.4
4.0
0.7
3865.4
0.8
8.3
1.6
1878.9
0.4
0.4
2.0
777.6
551.2
26.2
3797.7
0.2
4.6
-
2.8
4.4
0.7
4.2
0.6
8.1
0.6
3823.9
0.3
16.1
1.4
1932.8
0.6
1199.1
673.6
1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(Rupees, Crore)
Notes :*: Exclusive of PL 480 Title grants which are shown separately in the table on Official Transfer Payments.
:@: The figure of Rs 644.2 crore reported in 1988-89 against Others is the compensation for Bhopal Gas tragedy received from Union Carbide Corporation ($ 425 million in US $) and
Union Carbide (India) Limited ($45 million in Indian rupees) deposited with RBI on March 14, 1989.
B Total
Net (A-B)
Payments
1 Family maintenance
religious organisation and
charitable institutions abroad
nationals
nationals
5 Transfers of legacies and assets
in trust
6 Remittances of savings by foreign
nationals
7 Personal income-tax and
income-tax refunds
8 Transfers of provident fund and
other retirement benefit funds
9 Pensions
order drawings
11 Lottery tickets and prizes
A Total
Receipts*
1 Receipts for family maintenance
religious orgainsations and
charitableinstitutions in India
nationals
nationals
5 Transfers of legacies and
assets in trust
6 Repatriation of savings by
Indians resident abroad
7 Remittances of professional
income-tax and income-tax refunds
8 Receipts of provident fund
and other retirement benefit
funds from abroad
order drawings
10 Others
Item
Appendix 2(Hi): Private Transfer Payments Account : 1956-57 to 1989-90 (Concluded)
TOTAL - B
PRIVATE TRANSFERS NET (A-B)
PAYMENTS
Remittance by foreign workers
for family maintainance
Personal gifts/donations to
charitable/religious institutions abroad
TOTAL - A
RECEIPTS
Inward remittance from Indian workers
abroad for family maintenance
Local withdrawals / redemptions
of non-resident deposits
Gold and silver brought through
passenger baggage
Personal gifts / donations to
charitable/religious institutions in India
Items
TOTAL - B
PRIVATE TRANSFERS NET (A-B)
PAYMENTS
Remittance by foreign workers
for family maintainance
Personal gifts/donations to
charitable/religious institutions abroad
TOTAL - A
RECEIPTS
Inward remittance from Indian workers
abroad for family maintenance
Local withdrawals / redemptions
of non-resident deposits
Gold and silver brought through
passenger baggage
Personal gifts / donations to
charitable/religious institutions in India
0
417
0
747.5
2718
726
9649.5
2576.1
68
12367
7.9
240.2
43968.1
17
61.3
12435
3427
12215.1
44208.3
2518
(14)
8950.2
(13)
1996-97
14
2069
0.9
25.7
3711
9.7
2083
3736.7
626
(2)
1122.8
(1)
344
702
(4)
15
3783
3798
1991-92
35
11225.8
9.3
10.3
11260.8
1299.3
3136.7
2127.9
(5)
730
(6)
12
3852
3864
445
1076
1992-93
68.4
16513.7
6.1
5.9
16582.1
2629.1
5238.4
1611.8
(7)
514
(8)
22
5265
5287
838
1670
1993-94
1994-95
57.6
25416.6
11.6
8.7
25474.2
1843.9
6593.1
5421
(9)
19
8093
8112
587
2100
1727
(10)
108.2
28659.8
20
37.9
28768
4584.7
6546.2
(12)
33
8506
11
8539
1359
1943
1003
1995-96
3387.1
(11)
165
43765
12
153
43930
1954
9900
12773
19303
(15)
(16)
45
11830
42
11875
526
2699
3418
5232
1997-98
252
43242
33
219
43494
2728
705
7808
32253
(17)
(18)
61
10280
53
10341
650
171
1859
7661
1998-99
148
53132
23
125
53280
3182
57
17849
32192
(19)
(20)
34
12256
29
12290
734
13
4120
7423
1999-00
2000-01
344
58412
143
201
58756
3729
41
17305
37681
(21)
75
12798
31
44
12873
818
3791
8255
(22)
315
57821
143
172
58136
3138
62
16422
(24)
67
12125
30
37
12192
659
13
3444
8076
2001-02
38514
(23)
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn)
37.5
9381.4
9.8
10.6
9418.9
852.5
1743.5
(3)
(Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn) (Rs. Crore) (US $ Mn)
Note: The total figures for the year 1990-91 to 1996-97 will not tally since all the items are not available for all the years. The same can be taken from the Reserve Bank of India Bulletin, April, 1999
Source: Reserve Bank of India Bulletin, May 2003, January 2001, April 1999
B.
A.
B.
A.
Items
1990-91
Appendix 2(Hii): Private Transfers : 1990-91 to 2001-02
57
Balance of Payments
23.8
30.8
19.2
11.6
7.0
478.3
409.7
68.6
1956-57
(3)
20.7
26.7
9.5
17.2
6.0
532.0
430.0
101.4
1957-58
(4)
2.6
28.1
9.1
19.0
25.5
562.5
434.1
128.4
1958-59
(5)
10.2
25.7
14.6
11.1
15.5
582.8
443.7
139.1
1959-60
(6)
51.8
63.3
14.1
49.2
11.5
634.6
495.7
138.9
1960-61
(7)
28.1
35.6
15.8
19.8
7.5
679.8
527.2
152.6
1961-62
(8)
29.6
38.6
7.8
30.8
9.0
735.5
567.6
167.9
1962-63
(9)
(Rupees, Crore)
25.6
35.8
7.4
28.4
10.2
629.0
565.5
63.5
1963-64
(10)
17.5
15.2
33.3
33.5
14.7
18.8
0.0
-18.1
2.3
2.4
0.1
42.8
22.4
20.4
0.2
2.1
2.1
2.6
0.5
628.2
67.9
611.9
65.6
46.8
44.7
42.6
696.1
677.5
25.6
10.7
14.9
0.7
-0.2
6.4
6.9
0.5
31.1
24.7
24.9
692.0
74.3
766.3
30.8
12.6
18.2
0.9
-5.1
12.3
12.3
-
37.1
24.8
29.9
710.1
86.5
796.6
30.8
13.0
17.8
2.0
-3.5
2.2
2.6
0.4
27.5
25.3
28.8
737.7
88.7
826.4
35.6
6.6
29.0
1.2
-12.5
2.5
2.9
0.4
24.4
21.9
34.4
735.4
108.9
844.3
38.1
9.7
28.4
0.7
-4.0
2.5
2.6
0.1
35.9
33.4
37.4
767.3
111.4
878.7
37.6
3.7
33.9
3.2
8.7
0.7
1.2
0.5
43.8
43.1
34.4
816..
112.3
928.7
35.5
3.4
32.1
0.7
-6.4
2.0
2.0
-
30.4
28.4
34.8
867.0
129.1
996.1
40.1
2.2
37.9
8.4
17.0
3.2
3.4
0.2
51.9
48.7
31.7
916.9
131.3
95.5
2.9
92.6
10.6
-15.0
-0.8
0.7
1.5
69.1
69.9
84.9
973.3
130.6
1048.2 1103.9
48.0
3.7
44.3
10.5
-45.6
-0.5
1.3
0.8
37.5
-7.6
957.l
131.1
1088.2
42.1
5.0
37.1
36.0
-32.9
0.7
4.3
3.6
-26.1
-26.8
6.1
920.2
131.8
60.1
5.8
54.3
12.3
-65.6
.7.9
9.9
2.0
-9.9
-17.8
47.8
876.0
139.7
65.0
1.5
51.5
15.9
-25.4
0.7
2.0
1.3
24.4
23.7
49.1
875.4
140.4
72.8
9.1
63.1
1.6
3.3
1.1
2.1
1.0
65.2
69.6
933.2
141.5
1052.0 1015.7 1015.8 1074.7
177.0
77.0
100.0
1.0
8.0
65.0
87.0
22.0
249.0
184.0
176.0
..
..
..
..
..
260.0
..
..
..
..
303.0
1742.0 2045.0
459.0 719.0
2201.0 2764.0
1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71 1971-72 1972-73 1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 1986-87 1987-88
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
Appendix 3(B): Private Foreign Investment : 1964-65 to 1987-88
14.9
19.9
12.0
7.9
5.0
442.4
386.5
55.9
1955-56
(2)
(Rupees, Crore)
c: Includes portfolio investment

d: Inflow during 1948 to 1953
e: Inflow during 1954 to 1955
1. Foreign controlled rupee companies are Indian joint stock companies which are (i) subsidiaries of foreign companies (ii) companies in which 40% or more of the equity sharecapital
is held by a foreign company or its nominees; banking, Insurance and Government companies are excluded. Figures represent equity holding of investors in the country of control
and their proportionate share in the free reserves of the foreign controlled rupee companies.
2. Portfolio equity investment in non-foreign controlled rupee companiesand ordinary shares of foreign controlled rupee companies held by investors in countries other than the country
of control and investment in preference shares and debentures, non-resident holdings of preference shares and debentures of rupee companies.
3. Flow of long-term foreign liabilities are exclusive of valuation changes and hence would differ from the net changes in the book values at from outstanding levels.
4. Data for the years 1953 to 1962 relate to calendar years while those for 1963-64 onwards relate to fiscal years.
5. In view of the shift in the assessment period from calendar year to financial year it has not been possible to indicate the inflows/outflows during 1962-63.
6. Stock figures relate to end of the period and flow figures relate to during the year.
7. Data are not available for 1980-81 through 1985-86 as no survey was conducted during this period.
8. Data between 1987-88 to 1989-90 is not available.
Source:
Notes:
II. Inflow under foreign investment

1 Direct Investment (net)
A. Foreign controlled rupee
companies
(a) Gross inflow
(i) Equity
(ii) Retained earnings
(b) Outflow
B. Branches (net)
2 Portfolio investment (net)
(a) Inflow
(b) Outflow
I. Outstanding Liability under

Foreign Investment
(a) Direct investment
(b) Portfolio investment
II. Net Inflow of Foreign Investment

(a) Gross Inflow
(i) Retained earnings
(ii) Equity
(b) Outflow
I. Outstanding Liability under foreign investment

(i) Direct Investment
(ii) Portfolio Investment
Item
(1)
Appendix 3(A): Private Foreign Investment : 1955-56 to 1963-64
..
I. Equity (a+b+c+d+e)
(SIA/FIPB)
B. Portfolio Investment
a. GDRs/ADRs #
b. FIIs **
133
559
240
244
..
..
..
4153
382
1,665
1,520
3,567
..
..
..
..
217
89
280
586
586
(5)
1993-94
5138
239
1,503
2,082
3,824
..
..
..
..
442
171
701
1,314
1,314
(6)
1994-95
4892
56
2,009
683
2,748
..
..
..
11
715
169
1,249
2,144
2,144
(7)
1995-96
6133
20
1,926
1,366
3,312
..
..
..
125
639
135
1,922
2,821
2,821
(8)
1996-97
5385
204
979
645
1,828
..
..
..
360
241
202
2,754
3,557
3,557
(9)
1997-98
2401
59
-390
270
-61
..
..
..
400
62
179
1,821
2,462
2,462
(10)
1998-99
5181
123
2,135
768
3,026
..
..
..
490
84
171
1,410
2,155
2155
(11)
1999-00
6789
82
1,847
831
2,760
279
1,350
61
362
67
454
1,456
2,400
4,029
(12)
2000-01
8152
39
1,505
477
2,021
390
1,646
191
881
35
767
2,221
4,095
6,131
(13)
2001-02
5639
377
600
979
462
1,498
126
916
739
919
2,700
4,660
(14)
2002-03
: Data for 2002-03 are estimated as average of previous two years.
**
: Data on FDI has been revised since 2000-01 with expanded coverage to approach international best practices. These data, therefore, are not comparable with FDI data for previous years.
Sources: Reserve Bank of India Bulletin, August 2004 and various earlier issues.
Notes
$$ : Data pertain to inter-company debt transactions of FDI entities.
: Represents the amount raised by Indian corporates through Global Depositary Receipts (GDRs) and American Depository Receipts (ADRs)
: Represents inflow of funds (net) by Foreign Institutional Investors (FIIs)
16052
10918
459
11377
488
1800
190
735
534
928
2387
4675
(15)
2003-04
: Relates to acquisition of shares of Indian companies by non-residents under Section 5 of FEMA, 1999. Data on such acquisitions have been included as part of FDI since January 1996.
103
..
..
..
..
51
42
222
315
315
(4)
1992-93
(In US Million)
Total (A+B)
others
..
c. Offshore funds and
..
earnings $
..
..
63
..
..
66
129
129
(3)
1991-92
..
III. Other Capital $$
II. Reinvested
bodies
unincorporated
e. Equity capital of
shares*
d. Acquisition of
c. NRI
b. RBI
..
97
A. Direct Investment (I+II+III)
a. Government
(2)
1990-91
(1)
Appendix 3(C): Foreign Investment Inflows : 1990-91 to 2002-03
59
Balance of Payments
6.5
50.0
83.4
17.6
-5.0
-3.7
-16.3
109.1
331.4
275.4
1151.2
1172.8
1362.8
2230.0
2165.0
255.0
-3605.0
223.0
-7416.0
-
1975-76
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
FCNRA@
7.5
55.7
97.1
21.3
-6.2
-4.7
-18.2
112.8
320.9
231.7
940.8
917.8
1051.1
1540.0
1309.0
168.0
-1611.0
86.0
-2364.0
-
U.S.$ million
(3)
Notes: @: Excluding accrued interest.

Sources: Monograph on India's Balance of Payments, July, 1993
Handbook of Statistics on the Indian Economy, RBI 2003-04
Rs. crore
(2)
(1)
Year
33.1
126.1
134.7
167.2
209.0
236.8
321.3
420.2
575.1
609.7
597.5
874.8
770.8
792.0
608.0
689.0
793.0
783.0
2437.0
3295.0
-896.0
4434.0
4381.0
3361.0
3835.0
3929.0
7755.0
29981.0
21574.0
Rs. crore
(4)
38.1
140.4
156.8
203.2
258.1
299.4
358.3
434.7
556.2
512.8
488.3
684.6
594.5
546.9
365.2
384.0
324.0
255.0
777.0
1049.0
-208.0
1244.0
1197.0
799.0
885.0
860.0
1626.0
6195.0
4695.0
U.S.$ million
(5)
Including accrued interest
NR(E)RA
Appendix 4(A): Inflows under FCNR and NR(E)RA Accounts : 1975-76 to 2003-03
29.8
117.2
116.7
138.6
167.3
93.7
87.3
111.9
341.2
603.6
616.0
477.0
477.0
235.0
277.0
156.0
-44.0
111.0
-
Rs. crore
(6)
34.3
130.5
135.8
168.4
206.5
118.5
-97.3
115.8
330.0
507.7
503.4
373.4
368.0
162.0
166.0
84.0
-27.0
39.0
-
U.S.$ million
(7)
Excluding estimated accrued interest
40
**
3. NR(E)RA
4. NR(NR)RD
2304
3. NR(E)RA
4556
2486
3.NR(E)RA
4.NR(NR)RD
3542
3916
5720
4255
1996
(7)
**
2817
**
1770
1986
(3)
**
71
**
1976
(3)
5604
4983
7496
2306
1997
(8)
**
3354
**
2719
1987
(4)
**
216
**
65
1977
(4)
6262
**
3774
**
5275
1989
(6)
6618
6045
7835
1999
(10)
(As at the end of March)
5637
8467
**
604
**
192
1979
(6)
1998
(9)
**
3942
**
3828
1988
(5)
**
386
**
168
1978
(5)
6754
6758
8172
2000
(11)
**
3777
**
6586
1990
(7)
**
856
**
188
1980
(7)
6849
7,147
9076
2001
(12)
***
3618
**
10103
1991
(2)
**
1145
**
185
1981
(8)
7052
8,449
9673
2002
(13)
***
3025
**
9792
1992
(3)
**
1347
**
157
1982
(9)
3407
14,923
10199
2003
(14)
610
2740
**
10617
1993
(4)
**
1684
**
252
1983
(10)
: inclusive of accrued interest

: withdrawn effective August, 1994
: The inflows into NR(E)RA deposits during the year 2003-04 may partly be due to crediting of maturity proceeds of the NR(NR)R deposits which were discontinued with effect from
April 1, 2002.
**
: introduced in May, 1993
***
: introduced in June, 1992
Note : All figures are inclusive of interest and valuation changes arising on account of fluctuation in non-dollar currencies against US Dollar
Source: Reserve Bank of India Bulletin, November 2004 and various earlier issues.
3063
@
*
@@
7051
2.FCNR(B)
1995
(6)
1.FCNR(A)
Year (end March)

(1)
(U.S. $ million)
**
**
2. FCNR(B)
4. NR(NR)RD
770
1. FCNR(A)
Year (end March)

(1)
1985
(2)
**
(U.S. $ million)
**
2. FCNR(B)
1975
(2)
1. FCNR(A)
Year (end March)

(1)
(U.S. $ million)
Appendix 4(B): NRI Deposits - Outstandings : 1975-76 to 2002-03
1746
20,559
10961
2004
(15)
1754
3523
1108
9300
1994
(5)
**
2105
**
570
1984
(11)
Appendix 5: External Transactions As Per CSOs National Accounts Statistics

As Per 1980-81 Series (at Current Prices)
(Rupees, Crore)
Item
(1)
(12)
1960-61
1961-62
1962-63
1963-64
1964-65
1965-66 1966-67
1967-68
1968-69
1969-70
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
784
(4.6)
802
(4.4)
835
(4.3)
985
(4.4)
1015
(3.9)
932
(3.4)
1325
(4.2)
1508
(4.1)
1597
(4.1)
1625
(3.8)
14
12
11
11
11
11
18
20
26
34
45
53
48
55
56
95
110
121
144
139
N.A.
845
1236
(7.2)
N.A.
869
1110
(6.1)
N.A.
896
1209
(6.2)
N.A.
1052
1363
(6.1)
N.A.
1085
1526
(5.8)
N.A.
1042
1464
(5.3)
N.A.
1458
2115
(6.8)
N.A.
1650
2201
(6.0)
N.A.
1774
1897
(4.9)
N.A.
1805
1747
(4.1)
11
16
18
13
22
26
35
37
37
33
62
80
95
103
120
135
211
230
240
252
17
18
14
13
17
16
20
19
16
14
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
-495
845
-361
869
-448
896
-448
1052
-619
1085
-616
1042
-930
1458
-849
1650
-427
1774
-269
1805
-495
-361
-448
-448
-619
-616
-930
-849
-427
-269
45
0
-450
23
0
-338
60
0
-388
76
0
-372
128
0
-491
76
0
-540
71
0
-859
22
0
-827
40
0
-387
19
0
-250
-450
-450
-338
-338
-388
-388
-372
-372
-491
-491
-540
-540
-859
-859
-827
-827
-387
-387
-250
-250
I Current Transactions
(1)
Exports of goods and services
(2)
from the rest of the world
Property and enterprenuerial income
Other current transfers
Adjustment of merchandise
exports to the change of
ownership basis*
Current receipts
Imports of goods and services
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Compensation of employees
to the rest of the world
Property and enterpreneurial income
Other current tranfers
imports to the change of
ownership basis*
Surplus of the nation on
current transactions
Disposal of current receipts
II Capital Transactions
(14)
(15)
(16)
(17)
(18)
(19)
(20)
Surplus of the nation on current

transactions
Capital transfers from the
rest of the world (Net)
Incurrence of foreign liabilities (Net)
Receipts
Purchases of intangible assets
n.e.c. from the rest of the world
(Net)
Acquisition of foreign financial
assets
Disbursements
(Contd)
63
Balance of Payments

(Rupees, Crore)
Item
(1)
(22)
1970-71
1971-72
1972-73
1973-74
1974-75
1975-76 1976-77
1977-78
1978-79
1979-80
(2)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
1771
(3.9)
1785
(3.6)
2149
(4.0)
2830
(4.3)
3835
(4.9)
4812
(5.8)
6139
(6.8)
6636
(6.5)
7115
(6.5)
8381
(6.9)
56
49
35
38
42
95
116
188
268
398
645
136
175
165
204
280
541
746
1029
1059
1632
-132
1832
1816
(4.0)
N.A.
2003
1994
(4.1)
N.A.
2358
2328
(4.3)
-172
2907
3176
(4.8)
-149
4062
4779
(6.2)
-135
5606
5143
(6.2)
-13
7064
5614
(6.3)
30
7968
6522
(6.4)
-171
8405
7426
(6.7)
-258
10408
9859
(8.2)
11
12
11
12
11
11
23
48
54
20
300
282
305
325
281
322
368
410
452
433
13
12
11
12
13
17
86
N.A.
N.A.
-226
-362
-257
-487
584
668
-424
1832
-518
2003
-327
2358
-425
2907
-748
4062
77
5606
1275
7064
1417
7968
-180
8405
-627
10408
-424
-518
-327
-425
-748
77
1257
1417
-180
-627
53
0
-371
75
0
-443
43
0
-284
1691
0
1266
8
0
-740
176
0
-371
216
0
253
270
0
1491
296
0
116
336
0
-288
-371
-371
-443
-443
-284
-284
1266
1266
-740
-740
253
253
1491
1491
1687
1687
116
116
-288
-288
(1)
(2)
ownership basis*
Current receipts
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
ownership basis*
(14)
(15)
(16)
(17)
(18)
(19)
(20)

transactions
Receipts
n.e.c. from the rest of the world
(Net)
assets
Disbursements
(Contd)

(Rupees, Crore)
Item
(1)
(32)
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86 1986-87
1987-88
1988-89
1989-90
(2)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
10256
(6.1)
11563
(6.1)
13139
(6.0)
15846
(6.5)
14951
(5.4)
16543
(5.3)
20281
(5.7)
25913
(6.1)
34632
(7.1)
10
12
14
17
33
113
820
515
469
590
679
654
586
613
700
2237
2541
2785
3116
2835
2991
3533
3865
3824
-41
13281
14809
(8.8)
334
14963
15736
(8.4)
397
16799
17675
(8.1)
215
19779
19484
(7.9)
683
19161
21754
(7.8)
853
21060
22359
(7.2)
722
25139
25259
(7.1)
415
30839
32010
(7.6)
584
39817
40300
(8.3)
27
72
72
113
112
178
380
390
332
762
1087
1350
1913
2009
2290
2842
4752
6212
16
14
11
15
14
15
34
34
26
278
620
208
1546
1506
2573
3448
5667
5226
-2611
13281
-2566
14963
-2517
16799
-3292
19779
-6234
19161
-6335
21060
-6825
25139
-12304
30839
-12279
39817
-2094
-2611
-2566
-2517
-3292
-6234
-6355
-6825
-12304
-12279
438
1864
208
294
1342
-975
270
3257
961
255
3774
1512
440
3588
736
307
4232
-1665
525
5707
-123
532
5864
-429
724
9658
-1922
897
10990
-392
208
208
-975
-975
961
961
1512
1512
736
736
-1695
-1695
-123
-123
-429
-429
-1922
-1922
-392
-392
(1)
(2)
6
859
2269
ownership basis*
-135
Current receipts
12028
13596
(9.5)
35
Property and enterpreneurial
income to the rest of the world
485
12
mports to the change of
ownership basis*
-6
-2094
12028
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
9029
(6.3)
(14)
(15)
(16)
(17)
(18)
(19)
(20)

transactions
Receipts
n.e.c.from the rest of the world
(Net)
assets
Disbursements
(Contd)
65
Balance of Payments
Appendix 5: External Transactions As Per CSOs National Accounts Statistics As Per 1980-81 Series
for 1990-91 to 1992-93 and As Per 1993-94 Series thereafter (All at Current Prices) (Concluded)
(Rupees, Crore)
Item
(1)
(42)
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96 1996-97
1997-98
1998-99
1999-00
(2)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
56254
(8.6)
67312
(9.0)
86147
(10.0)
101607
(10.0)
130733
(11.0)
144854
(10.6)
165203
(10.9)
195281
(11.1)
231111
(11.8)
117
35
105
278
302
528
180
646
558
1021
1284
2830
4838
3811
5795
7953
7727
9419
8124
11344
18881
22220
44208
43929
43494
53280
880
67228
56249
(8.6)
1074
77566
73000
(9.8)
1395
100238
85999
(10.0)
1655
125251
104710
(10.3)
2127
160220
144953
(12.2)
2377
195778
161022
(11.8)
2602
217529
184333
(12.1)
286
347
1277
1299
1504
1841
235
69
57
10466
12512
12455
14892
17120
15580
18765
23032
23747
37
35
68
58
108
240
165
252
148
3567
5488
5529
16183
17315
34833
36333
21582
35529
-3377
67228
-13816
77566
-4791
100238
-11891
125251
-20780
160220
-17738
195778
-22302
217529
-18087
251591
-19656
295832
-3377
-13816
-4791
-11891
-20780
-17738
-22302
-18087
-19656
1140
10606
8369
1053
12608
-155
1155
23965
20329
1309
19331
8749
1173
18753
-854
1457
53210
36929
1417
48072
27187
1300
48285
31497
1657
45675
27676
8369
8369
-155
-155
20329
20329
8749
8749
-854
-854
36929
36929
27187
27187
31497
31497
27676
27676
(1)
(2)
74
676
3737
ownership basis*
595
Current receipts
45717
48696
(8.6)
320
7975
26
ownership basis*
6894
-18196
5717
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
40635
(7.1)
4683
3068
251591 2955832
224743
256007
(12.8)
(13.1)
(14)
(15)
(16)
(17)
(18)
(19)
(20)

transactions
-18196
828
Incurrence of foreign liabilities (Net) 16624
Receipts
-744
n.e.c.from the rest of the world
(Net)
0
assets
-744
Disbursements
-744
*
Shows the difference between the figures of merchandise exports/imports from the two sources viz. RBI and DGCI & S.
Note:
Figures within bracket represent percentages to GDP at Current Market Prices.
Sources: CSO, National Accounts Statistics, (various issues)

India's Balance of Payments Concepts, Compilation and Recent Scenario 1950-51 To 2003-04

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

India's Balance of Payments Concepts, Compilation and Recent Scenario 1950-51 To 2003-04

Uploaded by

Copyright:

Available Formats

Indias Balance of Payments

Concepts, Compilation and Recent Scenario

EPW Research Foundation*

List of Exhibits and Appendices

Sources of BOP Data

An Overview of Indias Balance of Payments

List of Text Tables

Indias Foreign Trade:

Foreign Exchange Reserves:

Financing of Current Account Deficits:

Balance of Payments-Selected Indicators:

List of Exhibits and Appendices

Break-up of Invisibles on Current Account

Investment Income Account :

Government not included elsewhere Account :

Official Transfer Payments Account :

Private Transfer Payments Account :

External Transactions as per CSOs

Indias Balance of Payments

Merchandise on FOB / CIF basis

Difference between RBI balance of payments data and customs data.

Royalties and licence fees

Other business services

Personal, cultural and

Government services n.i.e.

Categry 11 under Services as per IMF specification.

Categry 2 under Transfers as per IMF specification.

Categry 1 under Transfers as per IMF specification.

Includes cateory 3,4,6,7,8,9,10 under Services as per

Categry 5 under Services as per IMF specification.

Category 2 under Services as per IMF specification.

Category 1under Services as per IMF specification.

II. Indian Classification of Invisibles

Computer and information

I . IMF Classification of Invisibles

This should cover value of services obtained/

this should include interest income receivable on

this section covers distributed earnings of

Share of undistributed earnings of companies with

Tourists and other temporary visitorss foreign

Bunkers, supplies of jet fuel, and repair services

Freight and insurance charges on exports and

I . IMF Classification of Invisibles

This covers claims received from foreign social

On the receipts side, contra-entries for all grants

Personal remittances of a special nature such as

Remittance of workers I.e. those who are for

Remittance received /paid from/for temporary

This will cover:

other goods, services

Receipts/payments for patents and royalties.

Personal income earned/ remitted in respect of

All foreign embassy receipts and payments for

A miscellaneous category (like sale of embassy

I . IMF Classification of Invisibles

Property income, Nie

Labour income, Nie.

Item numbers 3 and 4 (insurance component only).This item

Item numbers 21 and 22, 23 and 24, 39 and 40, 41 and 42

Item numbers 23 and 24 and 25 and 26

Item numbers 3 and 4 (freight component only) and also 5

Item numbers 9 and 10 (including the relevant share from