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Use the following India balance of payments data from the IMF (all items are for...

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Finance

Use the following India balance of payments data from the IMF (all items are for the current account) to answer the following questions:

What is India's balance on goods?

What is India's balance on services? What is India's balance on goods and services?

What is the balance on goods, services and income?

What is India's current account balance?

India's Current Account Assumptions (millions of US$) 2000 2001 2002 2003 Goods: exports 43,247 44,793 51,141 60,893 Goods: imports -53,887 -51,212 -54,702 -68,081 Services: credit 16,684 17,337 19,478 23,902 Services: debit -19,187 -20,099 -21,039 -24,878 Income: credit 2,521 3,524 3,188 3,491 Income: debit -7,414 -7,666 -7,097 -8,386 Current transfers: credit 13,548 15,140 16,789 22,401 Current transfers: debit -114 -407 -698 -570

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