India's Current Account (milions of US$) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Goods exports Goods imports 43,247 44,793 51,141 60,893 77,939 102,175 123,768 153,784 198,598 168,223 225,502 -53,887 -51,212 -54,702 -68,081 -95,539 -134,692 -166,572 -208,611 - 290,959 -247,040 - 323,435 16,684 17,337 19,478 23,902 38,281 52,527 69,730 86,929 104,215 90,598 123,762 Services credit Services: debit Income credit Income: debit -19,187 -20,099 -21,039 -24,878 -35,641 -47,287 -58,606 -70,805 -88,264 -80,996 - 116842 2,521 3,524 3,188 3.491 4,690 5,646 8,199 12,650 15,503 13,734 9,612 -7,414 -7,666 -7,097 -8,386 -8,742 -12,296 -14,445 -19,166 -18,891 -20,248 -22,538 13,548 15,140 16,789 22,401 20,615 24,512 30015 38,885 52,065 51,197 55,046 - 407 -698 -570 -022 -869 -1,290 - 1,742 -3,313 -2,095 -2,989 Current transfers: credit Current transfers: debit 3. Use the above India balance of payments data from the IMF (all items are for the current account) to answer questions. (Calculate between 2005-2010 years) a. What is India's balance on goods? b. What is India's balance on services? c. What is India's balance on goods and services? d. What is India's balance on goods, services, and income? e. What is India's current account balance? Determine which year current deficit, which year current surplus occurred in India between 2005 to 2010 years. www India's Current Account (milions of US$) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Goods exports Goods imports 43,247 44,793 51,141 60,893 77,939 102,175 123,768 153,784 198,598 168,223 225,502 -53,887 -51,212 -54,702 -68,081 -95,539 -134,692 -166,572 -208,611 - 290,959 -247,040 - 323,435 16,684 17,337 19,478 23,902 38,281 52,527 69,730 86,929 104,215 90,598 123,762 Services credit Services: debit Income credit Income: debit -19,187 -20,099 -21,039 -24,878 -35,641 -47,287 -58,606 -70,805 -88,264 -80,996 - 116842 2,521 3,524 3,188 3.491 4,690 5,646 8,199 12,650 15,503 13,734 9,612 -7,414 -7,666 -7,097 -8,386 -8,742 -12,296 -14,445 -19,166 -18,891 -20,248 -22,538 13,548 15,140 16,789 22,401 20,615 24,512 30015 38,885 52,065 51,197 55,046 - 407 -698 -570 -022 -869 -1,290 - 1,742 -3,313 -2,095 -2,989 Current transfers: credit Current transfers: debit 3. Use the above India balance of payments data from the IMF (all items are for the current account) to answer questions. (Calculate between 2005-2010 years) a. What is India's balance on goods? b. What is India's balance on services? c. What is India's balance on goods and services? d. What is India's balance on goods, services, and income? e. What is India's current account balance? Determine which year current deficit, which year current surplus occurred in India between 2005 to 2010 years. www