In: Finance
India's Current Account |
||||||||||||
Assumptions (millions USD) |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
|
Goods: exports |
77,939 |
102,175 |
123,876 |
153,530 |
199,065 |
167,958 |
230,967 |
307,847 |
298,321 |
319,110 |
329,633 |
|
Goods: imports |
-95,539 |
-134,692 |
-166,572 |
-208,611 |
-291,740 |
-247,908 |
-324,320 |
-428,021 |
-450,249 |
-433,760 |
-415,529 |
|
Balance on goods |
-17,600 |
-32,517 |
-42,696 |
-55,081 |
-92,675 |
-79,950 |
-93,353 |
-120,174 |
-151,928 |
-114,650 |
-85,895 |
|
Services: credit |
38,281 |
52,527 |
69,440 |
86,552 |
106,054 |
92,889 |
117,068 |
138,528 |
145,525 |
148,649 |
156,252 |
|
Services: debit |
-35,641 |
-47,287 |
-58,514 |
-70,175 |
-87,739 |
-80,349 |
-114,739 |
-125,041 |
-129,659 |
-126,256 |
-137,597 |
|
Balance on services |
2,640 |
5,241 |
10,926 |
16,377 |
18,315 |
12,540 |
2,329 |
13,487 |
15,866 |
22,393 |
18,656 |
|
Income: credit |
4,690 |
5,646 |
8,199 |
12,650 |
15,593 |
13,733 |
9,961 |
10,147 |
9,899 |
11,230 |
11,004 |
|
Income: debit |
-8,742 |
-12,296 |
-14,445 |
-19,166 |
-20,958 |
-21,272 |
-25,563 |
-26,191 |
-30,742 |
-33,013 |
-36,818 |
|
Balance on income |
-4,052 |
-6,650 |
-6,245 |
-6,516 |
-5,365 |
-7,539 |
-15,602 |
-16,044 |
-20,843 |
-21,783 |
-25,815 |
|
Current transfers: credit |
20,615 |
24,512 |
30,015 |
38,885 |
52,065 |
50,526 |
54,380 |
62,735 |
68,611 |
69,441 |
69,786 |
|
Current transfers: debit |
-822 |
-869 |
-1,299 |
-1,742 |
-3,313 |
-1,764 |
-2,270 |
-2,523 |
-3,176 |
-4,626 |
-4,183 |
|
Balance on current transfers |
19,793 |
23,643 |
28,716 |
37,143 |
48,752 |
48,762 |
52,110 |
60,212 |
65,435 |
64,815 |
65,603 |
|
Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as credits, imports as debits. |
The balance on services for year 2007 is (in millions) $ ----- (Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2008 is (in millions) $ ----- (Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2011 is (in millions) $ ----- (Round to the nearest integer and enter any deficit with a negative sign.)
:: 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 |