RESEARCH IT  >>  INDIAN ECONOMY

Balance of Payment

(US$ m) FY02 FY 03 FY04 FY05 FY06
Current Account
Merchandise Account (11,574) (10,690) (13,718) (36,629) (51,554)
Invisibles 14,974 17,035 27,801 31,229 40,942
Current Account balance 3,400 6,345 14,083 (5,400) (10,612)
% to GDP 0.7 1.3 2.3 (0.4) (1.2)
Capital Account
Foreign Investment 6,686 4,161 13,744 12,147 18,222
In India 8,146 6,015 15,678 14,496 20,180
Direct 6,125 5,036 4,322 5,589 7,691
Portfolio 2,020 979 11,356 8,907 12,489
Abroad (1,460) (1,854) (1,934) (2,349) (1,958)
Loans (1,261) (3,850) (4,364) 10,755 4,737
External Assistance 1,117 (3,128) (2,858) 1,923 1,438
Commercial Borrowings (LT, MT) (1,585) (1,692) (2,925) 5,040 1,591
(Including NR deposits)          
ST Commercial Borrowings (793) 970 1,419 3,792 1,708
Banking Capital 2,864 10,425 6,033 3,874 1,373
Commercial Banks 2,660 10,135 6,501 3,979 442
Others 204 290 (468) (105) 931
Rupee Debt Service (519) (474) (376) (417) (572)
Other Capital 781 578 1,699 4,668 933
Capital Account balance 8,551 10,840 16,736 31,027 24,693
% to GDP 1.8 2.1 2.8 4.4 4.1
Errors and Omissions 861 -200 602 532 971
Overall BoP 11,757 17,185 31,421 26,159 15,052