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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 2007, 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 2007, 2008, and 2014?
| 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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Personal Finance Turning Money Into Wealth
Authors: Arthur J Keown
5th Edition
0136070620, 9780136070627
