Question

​India's Current Account. Use the following balance of payments data for India from the​ IMF: LOADING.... What is​ India's balance on services for years ​, ​, and ​? The balance on services for year is​ (in millions) ​$ nothing. ​(Round to the nearest integer and enter any deficit with a negative​ sign.) The balance on services for year is​ (in millions) ​$ nothing. ​(Round to the nearest integer and enter any deficit with a negative​ sign.) The balance on services for year is​ (in millions) ​$ nothing. ​(Round to the nearest integer and enter any deficit with a negative​ sign.)

Answer 1

Answer:

• 2004 ⇒ $2,640 million
• 2009 ⇒ $12,540 million
• 2014  ⇒  $18,655 million

Explanation:

2004 balance on services

= Services Credit, (exports) - Services Debit, (imports)

= 38,281 - 35,641

= $2,640 million

2009

= 92,889 - 80,349

= $12,540 million

2014

= 156,252 - 137,597

= $18,655 million