ANSWERS SHOULD BE IN MILLIONS

India's Current Account. Use the following balance of payments data for India from the IMF: What is India's balance on services for years 2006, 2010, and 2011? (Click on the icon to import the table into a spreadsheet.) India's Current Account Assumptions (millions USD) 2004 2005 2006 2007 2008 2009 2010 Goods: exports 77,939 102, 175 123,876 153,530 199,065 167,958 230,967 Goods: imports -95,539 -134,692 -166,572 -208,611 -291,740 -247,908 -324,320 Balance on goods -17,600 -32,517 -42.696 -55,081 -92,675 -79,950 -93,353 Services: credit 38,281 52,527 69,440 86,552 106,054 92,889 117,068 Services: debit -35,641 -47,287 -58,514 -70,175 -87,739 -80,349 -114,739 Balance on services 2,640 5,241 10,926 16,377 18,315 12,540 2,329 Income: credit 4,690 5,646 8,199 12,650 15,593 13,733 9,961 Income: debit -8,742 -12,296 -14,445 -19,166 -20,958 -21,272 -25,563 Balance on income -4,052 -6,650 -6,245 -6,516 -5,365 -7,539 -15,602 Current transfers: credit 20,615 24,512 30.015 38,885 52,065 50,526 54,380 Current transfers: debit -822 -869 -1,299 -1,742 -3,313 -1,764 -2,270 Balance on current transfers 19,793 23,643 28,716 37,143 48,752 48,762 52,110 Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as credits, imports as debits. 2011 307,847 -428,021 - 120.174 138,528 -125,041 13,487 10,147 -26, 191 -16,044 62,735 -2,523 60,212 2012 298,321 -450,249 -151,928 145,525 -129,659 15,866 9,899 -30,742 -20.843 68,611 -3,176 65,435 2013 319, 110 -433,760 -114,650 148,649 -126,256 22,393 11,230 -33,013 -21,783 69,441 -4,626 64,815 2014 329,633 -415,529 -85,895 156.252 -137,597 18,656 11,004 -36,818 -25,815 69,786 -4,183 65,603