Use the following India balance of payments data from the IMF (all items are for the...

Use the following India balance of payments data from the IMF (all items are for the current account) to answer the following questions:

What is India's balance on goods?

 What is India's balance on services?  What is India's balance on goods and services?

 What is the balance on goods, services and income?

 What is India's current account balance? 　

　　　　　　　　　　 India's Current Account 　　　　　　　　　　　　　　　　　　 Assumptions (millions of US$) 　 2000 　 2001 　 2002 　 2003 　　　　　　　　　　　 Goods: exports 　 43,247 　 44,793 　 51,141 　 60,893 　 Goods: imports 　 -53,887 　 -51,212 　 -54,702 　 -68,081 　 Services: credit 　 16,684 　 17,337 　 19,478 　 23,902 　 Services: debit 　 -19,187 　 -20,099 　 -21,039 　 -24,878 　 Income: credit 　 2,521 　 3,524 　 3,188 　 3,491 　 Income: debit 　 -7,414 　 -7,666 　 -7,097 　 -8,386 　 Current transfers: credit 　 13,548 　 15,140 　 16,789 　 22,401 　 Current transfers: debit 　 -114 　 -407 　 -698 　 -570 　　　　　　　　　　

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