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India's Current Account. Use the following balance of payments data for India from the IMF. What is India's balance on goods and services for years
India's Current Account. Use the following balance of payments data for India from the IMF. What is India's balance on goods and services for years 2007,
2010, and 2011?
| Assumptions (millions USD) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| Goods: exports | 77939 | 102175 | 123876 | 153530 | 199065 | 167958 | 230967 | 307847 | 298321 | 319110 | 329633 |
| Goods: imports | -95539 | -134692 | -166572 | -208611 | -291740 | -247908 | -324320 | -428021 | -450249 | -433760 | -415529 |
| Balance on goods | -17600 | -32517 | -42696 | -55081 | -92675 | -79950 | -93353 | -120174 | -151928 | -114650 | -85895 |
| Services: credit | 38281 | 52527 | 69440 | 86552 | 106054 | 92889 | 117068 | 138528 | 145525 | 148649 | 156252 |
| Services: debit | -35641 | -47287 | -58514 | -70175 | -87739 | -80349 | -114739 | -125041 | -129659 | -126256 | -137597 |
| Balance on services | 2640 | 5241 | 10926 | 16377 | 18315 | 12540 | 2329 | 13487 | 15866 | 22393 | 18656 |
| Income: credit | 4690 | 5646 | 8199 | 12650 | 15593 | 13733 | 9961 | 10147 | 9899 | 11230 | 11004 |
| Income: debit | -8742 | -12296 | -14445 | -19166 | -20958 | -21272 | -25563 | -26191 | -30742 | -33013 | -36818 |
| Balance on income | -4052 | -6650 | -6245 | -6516 | -5365 | -7539 | -15602 | -16044 | -20843 | -21783 | -25815 |
| Current transfers: credit | 20615 | 24512 | 30015 | 38885 | 52065 | 50526 | 54380 | 62735 | 68611 | 69441 | 69786 |
| Current transfers: debit | -822 | -869 | -1299 | -1742 | -3313 | -1764 | -2270 | -2523 | -3176 | -4626 | -4183 |
| Balance on current transfers | 19793 | 23643 | 28716 | 37143 | 48752 | 48762 | 52110 | 60212 | 65435 | 64815 | 65603 |
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