Balance Of Payments
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BALANCE OF PAYMENTS ACCOUNT COMPONENTS
CREDITS ( + ) (RECEIPTS)
DEBITS ( - ) (PAYMENTS)
----------------------------------------------------------1.CURRENT ACCOUNT EXPORTS IMPORTS f. Goods a. Goods g. Services b. Services h. Transfer Payments c. T.Payments
2. CAPITAL ACCOUNT a. Borrowings from a. Lending to Foreign Countries Foreign Countries b. Direct Investments b. Direct Investments by foreign countries in foreign countries 3.OFFICIALSETTLEMENTACCOUNT a. Increase in Foreign a. Increase in Official Official Holdings Reserves of Gold and Foreign Currencies Errors and Omissions
India’s Overall Balance of Payments ITEMS REDITS A.C.ACCOUNT 1.Merchandise –Private --Govt. 2. Non-Mone.Gold Movmt. 3. Invisibles 1.Travel 2.Transportation 3.Insurance 4.Investment Income 5.G.n.i.e 6.Miscellaneous 7.T.Payments – Official -- Private Total C.Account (1+2+3)
DEBITS
NET
B. Capital Account 1. Private – Long Run -- Short Run 2. Banking 3. Official – Loans -- Amortization -- Miscellaneous Total Capital Account (1+2+3)
C. IMF D. SDR Allocation E. Capital Account, IMF&SDR Allocation (B + C + D) F. Total C.A., Cap. A., IMF,SDR A.,(A+E) G. Errors & Omissions Reserves & Monetary Gold.
Balance of Payments Items Merchandize Export of Services Earnings on Loans From abroad
Current Account (MCU) 13,108
Merchandize Imports
11,979
Import of Services
13,869 9348
322
Private Remittances From abroad 93 Current Account Balance 25,502
Earnings on loans by Foreigners Private remittances abroad
791 64 1430 25,502
Capital Account Govt. Loans from Abroad 14 Govt.Loans 31 ForeignDirect Investment 93 abroad Foreign Short term Loans32 Direct Invst. 20 Abroad Abroad &Investmts. Short term Ls. & Invest. 216 Capital Account Balance128 267
267
a. Balance on Current account= 25,502 – 24,072 = 1,430 b. Balance on L.T.Capital Acct.=(14+93 ) – (31+20)=56 c. Balance on Cap. Acct. =139-267 = -128 c. Overall Balance = 1430-128 = 1,302 Increase in F.E.R. = 1,302 MCUs.
Items
Credit
Debit
Current Acct. Exports 17,477 Imports 18,492 -1015 Invisibles-Ss.15,972 SsImports12,464 3508 Earnings onLs. Es. On Loans by From Abroad 429 Foreigners 1,054 Priv, Rems. 124 Rems, abroad 85 34,002 32,095 Cap. Acct. Govt.Ls from abroad 18 Govt. Ls abroad 41 FDI 124 D.I. abroad 26 S.T.Ls 42 S.T.Ls abroad 288 184 355
Net
- 625 39 1907 - 23 98 -246 -171
a. Trade Balance on M.Acct. = -1015 b. Balance on C.Account = 1907 c. Balance on L.T.Cap.Acct. =(18+124)(41+ 26)=75 e. Balance on Cap. Acct. = -171 f. Overall Balance = 1907 – 171 = 1736 Increase in Official F.E.Rs. = 1736
CREDITS ( + ) (RECEIPTS)
DEBITS ( - ) (PAYMENTS)
----------------------------------------------------------1.CURRENT ACCOUNT EXPORTS IMPORTS f. Goods a. Goods g. Services b. Services h. Transfer Payments c. T.Payments
2. CAPITAL ACCOUNT a. Borrowings from a. Lending to Foreign Countries Foreign Countries b. Direct Investments b. Direct Investments by foreign countries in foreign countries 3.OFFICIALSETTLEMENTACCOUNT a. Increase in Foreign a. Increase in Official Official Holdings Reserves of Gold and Foreign Currencies Errors and Omissions
India’s Overall Balance of Payments ITEMS REDITS A.C.ACCOUNT 1.Merchandise –Private --Govt. 2. Non-Mone.Gold Movmt. 3. Invisibles 1.Travel 2.Transportation 3.Insurance 4.Investment Income 5.G.n.i.e 6.Miscellaneous 7.T.Payments – Official -- Private Total C.Account (1+2+3)
DEBITS
NET
B. Capital Account 1. Private – Long Run -- Short Run 2. Banking 3. Official – Loans -- Amortization -- Miscellaneous Total Capital Account (1+2+3)
C. IMF D. SDR Allocation E. Capital Account, IMF&SDR Allocation (B + C + D) F. Total C.A., Cap. A., IMF,SDR A.,(A+E) G. Errors & Omissions Reserves & Monetary Gold.
Balance of Payments Items Merchandize Export of Services Earnings on Loans From abroad
Current Account (MCU) 13,108
Merchandize Imports
11,979
Import of Services
13,869 9348
322
Private Remittances From abroad 93 Current Account Balance 25,502
Earnings on loans by Foreigners Private remittances abroad
791 64 1430 25,502
Capital Account Govt. Loans from Abroad 14 Govt.Loans 31 ForeignDirect Investment 93 abroad Foreign Short term Loans32 Direct Invst. 20 Abroad Abroad &Investmts. Short term Ls. & Invest. 216 Capital Account Balance128 267
267
a. Balance on Current account= 25,502 – 24,072 = 1,430 b. Balance on L.T.Capital Acct.=(14+93 ) – (31+20)=56 c. Balance on Cap. Acct. =139-267 = -128 c. Overall Balance = 1430-128 = 1,302 Increase in F.E.R. = 1,302 MCUs.
Items
Credit
Debit
Current Acct. Exports 17,477 Imports 18,492 -1015 Invisibles-Ss.15,972 SsImports12,464 3508 Earnings onLs. Es. On Loans by From Abroad 429 Foreigners 1,054 Priv, Rems. 124 Rems, abroad 85 34,002 32,095 Cap. Acct. Govt.Ls from abroad 18 Govt. Ls abroad 41 FDI 124 D.I. abroad 26 S.T.Ls 42 S.T.Ls abroad 288 184 355
Net
- 625 39 1907 - 23 98 -246 -171
a. Trade Balance on M.Acct. = -1015 b. Balance on C.Account = 1907 c. Balance on L.T.Cap.Acct. =(18+124)(41+ 26)=75 e. Balance on Cap. Acct. = -171 f. Overall Balance = 1907 – 171 = 1736 Increase in Official F.E.Rs. = 1736
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