TABLE 6.1
Balance of Payments: Key Indicators
(In US$ million)
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1990-91 1991-92 1992-93 1993-94 1994-95 1995-96
(P) (P) (P) (P) (Q.E.) (Q.E.)
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1. Exports 18477 18266 18869 22683 26857 32467
2. Imports 2 7915 21064 23237 25069 31840 41412
Of which : POL 6028 5364 6100 5754 5928 7547
3. Trade balance -9438 -2798 -4368 -2386 -4983 -8945
4. Invisibles (net) -242 1620 842 1228 2349 3511
Non-factor services 980 1207 1129 535 -371 94
Investment income -3752 -3830 -3423 -3270 -3952 -4479
Pvt. transfers 2069 3783 2773 3595 6200 7480
Official Grants 461 460 363 368 472 416
5. Current Account Balance -9680 -1178 -3526 -1158 -2634 -5434
6. External assistance (net)2210 3037 1859 1901 1434 780
7. Commercial borrowings
(net)1 2249 1456 -358 607 1029 527
8. IMF (net) 1214 786 1288 187 -1146 -1710
9. NRI deposits (net) 1536 290 2001 1205 811 945
10. Rupee debt service -1193 -1240 -878 -1053 -1050 -963
11. Foreign investment 102 139 555 4235 4895 4143
of which :
(i) FDI 97 135 313 586 1314 1929
(ii) FIIs 0 0 0 1665 1503 2009
(iii) Euro-equities
and others 5 4 242 1984 2078 205
12. Other flows2 2284 286 -213 2940 1620 -1207
13. Capital account total
(net) 8402 4754 4254 10022 7593 2515
14. Reserve use (-increase) 1278 -3576 -728 -8864 -4959 2919
Memo items: As per cent of GDP 3
Exports 6.2 7.3 7.8 8.8 8.8 9.9
Imports 9.4 8.3 9.8 9.7 10.5 12.6
Trade balance -3.2 -1.1 -2.0 -0.9 -1.6 -2.7
Invisibles balance -0.1 0.7 0.2 0.5 0.8 1.1
Current account balance -3.2 -0.4 -1.8 -0.5 -0.9 -1.7
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(P): Preliminary Actuals; Q.E. : Quick estimates
1 Figures include receipt on account of India Development Bonds in 1991-92 and related
repayments, if any, in the subsequent years.
2 Include delayed exports receipts and errors and omissions. For the year 1992-93, it
also includes errors and omissions arising out of dual exchange rates applicable under
the Liberalised Exchange Rate Management System (LERMS).
3 Rupee equivalents of BOP components are used to arrive at GDP ratios.
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From the database of Ministry of Finance disseminated on Internet through NICNET