What is Indias current account balance? Use the following balance of payments data for India from the
Question:
What is India’s current account balance?
Use the following balance of payments data for India from the IMF to answer this problems.
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Assumptions (millions of US$) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Goods, credit (exports) Goods, debit (imports) Services, credit (exports) Services, debit (imports) Primary income: credit Primary income: debit Secondary income: credit 43,247 44,793 51,141 60,893 77,939 102,175 123,876 153,530 199,065 167958 230,967 307847 298,321 319,110 -53,887 -51,212 -54,702 -68,081 -95,539 -134,692-166,572 -208,611-291,740-247,908-324,320-428,021-450,249-433,760 16,684 17,337 19,478 23,902 38,281 52,527 69,440 86,552 106,054 92,889 117068 138,528 145,525 148,649 -19,187 -20,099 -21,039 -24,878 -35,641 -47,287 -58,514 -70,175 -87,739 -80,349 -114,739-125,041-129,659 -126,256 2,521 3,524 3,188 3,491 4,690 5,646 8,199 12,650 15,593 13,733 9,961 10,147 9,899 11,230 -7,414 -7,666 -7,097 -8,386 -8,742 -12,296 -14,445 -19,166 -20,958 -21,272 -25,563 -26,191 -30,742 -33,013 13,548 15,140 16,789 22,401 20,615 24,512 30,015 38,885 52,065 50,526 54,380 62,735 68,611 69,441 Secondary income: debit -114 -407 -698 -570 -822 -869 -1,299 -1,742 -3,313 -1,764 -2,270 -2,523 -3,176 -4,626
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Multinational Business Finance
ISBN: 9781292097879
14th Global Edition
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
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