Question
In: Finance
India's Current Account. Use the following balance of payments data for India from the IMF. What...
India's Current Account. Use the following balance of payments data for India from the IMF. What is India's current account balance for years 2007, 2008, and 2014?
| Assumptions (millions USD) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| Goods: exports | 77939 | 102175 | 123876 | 153530 | 199065 | 167958 | 230967 | 307847 | 298321 | 319110 | 329633 |
| Goods: imports | -95539 | -134692 | -166572 | -208611 | -291740 | -247908 | -324320 | -428021 | -450249 | -433760 | -415529 |
| Balance on goods | -17600 | -32517 | -42696 | -55081 | -92675 | -79950 | -93353 | -120174 | -151928 | -114650 | -85895 |
| Services: credit | 38281 | 52527 | 69440 | 86552 | 106054 | 92889 | 117068 | 138528 | 145525 | 148649 | 156252 |
| Services: debit | -35641 | -47287 | -58514 | -70175 | -87739 | -80349 | -114739 | -125041 | -129659 | -126256 | -137597 |
| Balance on services | 2640 | 5241 | 10926 | 16377 | 18315 | 12540 | 2329 | 13487 | 15866 | 22393 | 18656 |
| Income: credit | 4690 | 5646 | 8199 | 12650 | 15593 | 13733 | 9961 | 10147 | 9899 | 11230 | 11004 |
| Income: debit | -8742 | -12296 | -14445 | -19166 | -20958 | -21272 | -25563 | -26191 | -30742 | -33013 | -36818 |
| Balance on income | -4052 | -6650 | -6245 | -6516 | -5365 | -7539 | -15602 | -16044 | -20843 | -21783 | -25815 |
| Current transfers: credit | 20615 | 24512 | 30015 | 38885 | 52065 | 50526 | 54380 | 62735 | 68611 | 69441 | 69786 |
| Current transfers: debit | -822 | -869 | -1299 | -1742 | -3313 | -1764 | -2270 | -2523 | -3176 | -4626 | -4183 |
| Balance on current transfers | 19793 | 23643 | 28716 | 37143 | 48752 | 48762 | 52110 | 60212 | 65435 | 64815 | 65603 |
Solutions
Expert Solution
| India's current account balance for year 2007 (In Millions USD) | -8077 |
| India's current account balance for year 2008 (In Millions USD) | -30973 |
| India's current account balance for year 2014 (In Millions USD) | -27452 |
| Assumptions (millions USD) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
| a | Goods: exports | 77939 | 102175 | 123876 | 153530 | 199065 | 167958 | 230967 | 307847 | 298321 | 319110 | 329633 |
| b | Goods: imports | -95539 | -134692 | -166572 | -208611 | -291740 | -247908 | -324320 | -428021 | -450249 | -433760 | -415529 |
| c | Balance on goods (a+b) [A] | -17600 | -32517 | -42696 | -55081 | -92675 | -79950 | -93353 | -120174 | -151928 | -114650 | -85896 |
| d | Services: credit | 38281 | 52527 | 69440 | 86552 | 106054 | 92889 | 117068 | 138528 | 145525 | 148649 | 156252 |
| e | Services: debit | -35641 | -47287 | -58514 | -70175 | -87739 | -80349 | -114739 | -125041 | -129659 | -126256 | -137597 |
| f | Balance on services (d+e) [B] | 2640 | 5240 | 10926 | 16377 | 18315 | 12540 | 2329 | 13487 | 15866 | 22393 | 18655 |
| g | Income: credit | 4690 | 5646 | 8199 | 12650 | 15593 | 13733 | 9961 | 10147 | 9899 | 11230 | 11004 |
| h | Income: debit | -8742 | -12296 | -14445 | -19166 | -20958 | -21272 | -25563 | -26191 | -30742 | -33013 | -36818 |
| i | Balance on income (g+h) [C] | -4052 | -6650 | -6246 | -6516 | -5365 | -7539 | -15602 | -16044 | -20843 | -21783 | -25814 |
| j | Current transfers: credit | 20615 | 24512 | 30015 | 38885 | 52065 | 50526 | 54380 | 62735 | 68611 | 69441 | 69786 |
| k | Current transfers: debit | -822 | -869 | -1299 | -1742 | -3313 | -1764 | -2270 | -2523 | -3176 | -4626 | -4183 |
| l | Balance on current transfers (i+j) [D] | 19793 | 23643 | 28716 | 37143 | 48752 | 48762 | 52110 | 60212 | 65435 | 64815 | 65603 |
| j | India's current account balance [E = A+B+C+D] | 781 | -10284 | -9300 | -8077 | -30973 | -26187 | -54516 | -62519 | -91470 | -49225 | -27452 |
jeff jeffy answered 1 year agoRelated Solutions
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?
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