India's Current Account. Use the following balance of payments data for India from the IMF What is India's balance on services for years 2000, 2008 and 2012? The balance on services for year 2000 is (in millions) $ __________ (Round to the nearest integer and enter any deficit with a negative sign.) The balance on services for year 2008 is (in millions) $ __________ (Round to the nearest integer and enter any deficit with a negative sign.) The balance on services for year 2012 is (in millions) $____________ (Round to the nearest integer and enter any deficit with a negative sign.) 5.Data tableIndia'sCurrentAccountAccount2001200220032004200520072008000900600(millionsof US$)43,24744 79351,14160,89377,939102 175123,876153,530199,065167,95823spoogexportsspoo- 53,887- 51,212 - 54,702-68,081- 95,539 - 134 692 - 166 572 - 208 611-291,740 - 247,908 - 32importsServices:16,68417,33719,47823,90238,28152,52769 44086,552106,05492,88911creditServices:- 19,187 -20,099- 21,039- 24,878 -35,641- 47 287- 58,514 - 70,175- 87,739 - 80,349 - 11debitIncome2,5213,5243,1883,4910695,64612,65015,59313,733creditIncome:-7,4142607-8,386- 8,742 - 12,296 - 14,445 - 19 166 - 20,958 - 21,272 -2debit999 2 -Currenttransferscredit13,54815,14016,78922,40120.61524,51230,01538 88552,06550 526Currenttransfersdebit-114- 407-698-570- 822- 869- 1,299- 1,742-3,313-1,764 8.9.Data table200320042005200720082010201120122013900760071.60,89377,939102,175123,876153,530167 958307,847298 321319,1102 -68,081- 95,539 - 134,692 - 166 572 - 208 611 - 291,740 - 247 908 - 324 320 - 428,021 - 450,249 - 433,76023,90238,28152,52769 44086,552106,05492 889117,068138,528145,525148,649- 24,878 - 35,641|- 47 287|- 58 514- 70 175- 87,739 - 80 349 - 114,739 - 125,041 - 129,659 - 126,25613,7339 9610695,646- 12,296 - 14,4456611,230- 26,191 - 30,742 -33,0133.4918,19912,65015,59310,1477.- 8,386-8,742- 19,166- 20,958- 21 272 - 25 56322,40120 61524,51230,01538,88552,06550,52654,38062,73568 61169 441-570- 822- 869-1,299- 1,742- 3,313- 1,764- 2,270- 2,523-3,176- 4,626

To calculate balance on services, The formula used is : Balance on Services = Balance of Current…

Answered: India's Current Account. Use the…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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 services for years 2000, 2008 and 2012?

The balance on services for year 2000 is (in millions) $ __________ (Round to the nearest integer and enter any deficit with a negative sign.)

The balance on services for year 2008 is (in millions) $ __________ (Round to the nearest integer and enter any deficit with a negative sign.)

The balance on services for year 2012 is (in millions) $____________ (Round to the nearest integer and enter any deficit with a negative sign.)

5.
Data table
India's
Current
Account
Account
2001
2002
2003
2004
2005
2007
2008
000
900
600
(millions
of US$)
43,247
44 793
51,141
60,893
77,939
102 175
123,876
153,530
199,065
167,958
23
spoog
exports
spoo
- 53,887
- 51,212 - 54,702
-68,081
- 95,539 - 134 692 - 166 572 - 208 611-291,740 - 247,908 - 32
imports
Services:
16,684
17,337
19,478
23,902
38,281
52,527
69 440
86,552
106,054
92,889
11
credit
Services:
- 19,187 -20,099
- 21,039
- 24,878 -35,641
- 47 287
- 58,514 - 70,175
- 87,739 - 80,349 - 11
debit
Income
2,521
3,524
3,188
3,491
069
5,646
12,650
15,593
13,733
credit
Income:
-7,414
2607
-8,386
- 8,742 - 12,296 - 14,445 - 19 166 - 20,958 - 21,272 -2
debit
999 2 -
Current
transfers
credit
13,548
15,140
16,789
22,401
20.615
24,512
30,015
38 885
52,065
50 526
Current
transfers
debit
-114
- 407
-698
-570
- 822
- 869
- 1,299
- 1,742
-3,313
-1,764

8.
9.
Data table
2003
2004
2005
2007
2008
2010
2011
2012
2013
9007
6007
1.
60,893
77,939
102,175
123,876
153,530
167 958
307,847
298 321
319,110
2 -68,081
- 95,539 - 134,692 - 166 572 - 208 611 - 291,740 - 247 908 - 324 320 - 428,021 - 450,249 - 433,760
23,902
38,281
52,527
69 440
86,552
106,054
92 889
117,068
138,528
145,525
148,649
- 24,878 - 35,641
|- 47 287
|- 58 514
- 70 175
- 87,739 - 80 349 - 114,739 - 125,041 - 129,659 - 126,256
13,733
9 961
069
5,646
- 12,296 - 14,445
66
11,230
- 26,191 - 30,742 -33,013
3.491
8,199
12,650
15,593
10,147
7.
- 8,386
-8,742
- 19,166
- 20,958
- 21 272 - 25 563
22,401
20 615
24,512
30,015
38,885
52,065
50,526
54,380
62,735
68 611
69 441
-570
- 822
- 869
-1,299
- 1,742
- 3,313
- 1,764
- 2,270
- 2,523
-3,176
- 4,626

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