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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 2004, 2008

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 2004, 2008 and 2014?

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\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Assumptions (millions USD) & 2004 & 2005 & 2006 & 2007 & 2008 & 2009 & 2010 & 2011 & 2012 & 2013 & 2014 \\ \hline Goods: exports & 77.999 & 102,175 & 123,876 & 153,530 & 199,065 & 167,958 & 230,967 & 307,847 & 298,321 & 319,110 & 320,633 \\ \hline Goods: imports & 95,539 & 134,692 & 166,572 & 208,611 & 291,740 & 247,808 & 324,320 & 428,021 & 450,249 & 433,760 & 415,529 \\ \hline Balance on goods & 17,600 & 32,517 & 42,696 & 55,081 & 82,675 & 79,950 & 93,353 & 120,174 & 151,928 & 114,650 & 85,895 \\ \hline Servioes: cred: & 38,281 & 52,527 & 69,440 & 86,552 & 106,054 & 92,889 & 117,068 & 138,528 & 145,525 & 148,649 & 156,252 \\ \hline Services: debit & 35,641 & 47,287 & .58,514 & 70,175 & 87,739 & 80,349 & 114,739 & 125,041 & -129.659 & -126.258 & 137,597 \\ \hline Balance on services & 2,640 & 5,241 & 10,926 & 16,377 & 18,315 & 12,540 & 2,329 & 13,487 & 15,866 & 22,399 & 18,656 \\ \hline Income: crodit: & 4,690 & 5,646 & 8,199 & 12,650 & 15,593 & 13,733 & 9,961 & 10,147 & 9.899 & 11,230 & 11,004 \\ \hline Baiance on income & 4,052 & 6,650 & 6,245 & 6,516 & 5,365 & 7,539 & 15,802 & 16,044 & 20,843 & 21,783 & 25,815 \\ \hline Current transfers: credi & 20,615 & 24.512 & 30,015 & 38,895 & 52,065 & 50,526 & 54,380 & 62,735 & 68.611 & 69,441 & 69,786 \\ \hline Current transfers: debit & -622 & 869 & 1,299 & 1,742 & 3,313 & 1,764 & 2,270 & -2.523 & 3,176 & 4.626 & 4,183 \\ \hline 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 \\ \hline \end{tabular} Note: The IMF has recanty adiusted their line item nomenclature. Exports are all now noted as credits, imports as debits

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