India - Economic situation and prospects (Vol. 2 of 2) : Statistical appendix

RESTRICTED Report No. SA-25a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION ECONOMIC SITUATION AND PROSPECTS OF INDIA VOLUME II STATISTICAL APPENDIX May 7, 1971 FILE COPY South Asia Department  Currency Eauivalents 1 Indian Rupee US$0.13 1 US DoUlar = Rs 7.5 Rs 1,000,000 = US$133,333 The Indian Government financial year runs from April 1 through March 31.  ECONOMIC SITUATION AND PROSPECTS OF INDIA Statistical Appendix Table No. Table of Contents Population and Employment 1.1 Population 1.2 Employment in the Organized Sector 1.3 Performance of the Sterilization Program 1.4 Performance of the IUCD Program National Accounts 2.1 Gross National Product and Net National Product (i.e. National Income) 2.2 Estimates of Net National Product by Industry Origin - Percentage Distribution 2.3 Investment and Savings Rates Foreign Trade and Balance of Payments 3.1 Exports (quantity and value) 3.2 Exports - Recent Performance and Projections to 1973/74 3.3 Destination of Exports 3.4 Export Duties 3.5 Import Summary 3.6 Principal Imports 3.7 Origin of Imports 3.8 Terms of Trade 3.9 Long-Term Foreign Private Investment 3.9a Long-Term Foreign Private Investment by Country of Origin 3.9b Long-Term Foreign Private Investment by Industry 3.10 Number of Foreign Collaboration Agreements Approved 3.11 India's Gold and Foreign Exchange Reserves  -2- Table No. 3.12 Aid Commitments and Disbursements, 1966/67 to 1971/72 3.13 Balance of Payments Summary 3.14a Project Aid - Authorization and Utilization (1969/70) 3.14b Non-Project Aid - Authorization and Utilization (1969/70) 3.14c Project Aid - Estimated Authorization and Utilization (1970/71) 3.14d Non-Project Aid - Estimated Authorization and Utilization (1970/71) External Debt 4.1 External Public Debt 4.la India - Estimated Future Service on External Debt 4.lb Past Transactions on External Debt 4.lc External Debt to Supplies Outstanding as of March 31, 1970 4.2 Debt Service Payments on External Public and Private Debt Outstanding on March 31, 1970 Public Finance 5.1 Consolidated Finances of Centre and State Governments 5.2 Central Government Finances 5.3 Economic Classification of the Central Government Finances 5.4 Tax Revenue - Center and States 5.5 Current Expenditures - Center and States 5.6 Public Sector Plan Outlays by Heads of Development 5.7 Financing of Public Sector Plan Outlays - Main Items 5.8 Financing of Public Sector Plan Outlays - Details of Main Items Money, Credit and Prices 6.1 Factors Affecting Money Supply 6.2 Savings and Time Deposits and Small Savings 6.3 Assistance by Term-Lending Institutions to the Industrial Sector 6.4 Index Numbers of W4holesale Prices  -3- Table No. 6.5 Selected Interest and Earning Rates Agriculture 7.1 Production of Principal Crops 7.2 Public Distribution of Foodgrains 7.3 Availability of Cereals and Pulses 7.4 Use of Agricultural Inputs 7.5 Percentage Distribution of Number of Operational Holdings and of Area Operated by Size Class of Operational Holdings iManufacturing Mining and Power 8.1 Index Numbers of Industrial Production 8.2 Percentage Change in Index of Industrial Production 8.3 Production of Selected Industries 8,4 Percentage of Import Component of Selected Industries 8.5 Number of Licences Issued - by Industry 8.6 Investment in Public Sector Industry 8.7 Utilization of Capacity in Selected Public Sector Enterprises 8.8 Capital Employed, Sales, Inventory in Public Sector 8.9 Gross Profit and Net Profit in Public Sector 8.10 Steel Prices Prevailing in Various Countries During November 1970 8.11 Distribution and Growth of Small Scale In?dustrial Units 8.12 Employment and Production in Industrial Estates 8.13 Installed Power Generating Capacities and Peak Load Demand 8.14 Foreign Trade in Minerals and Metals  I  TABLE 1.1 POPULATION (in millions) TOTAL U R B A N R U R A L Annual Annual Percent Annual Average Sub- Average of Sub- Average Increase Total Increase Total Total Increase Census data (March 1) 1931 280 34 12 2h6 1.25 2.6 1.1 19t1 319 123 1 275 l.25 3.5-' 1.0 1951 361 58k1 16 303 1.95 3.1 1.7 1961 439 79 18 360 2.25 3.3 2.0 1971 5h7 109 20 h38 2.25 3.3 2.0 1981 683 150 22 533 Note: The estimate for 1971 is the preliminary census total; that for 1981 is simply extrapolated at the same growth rate as 1961-71. The figure for urban population in 1951 was 62.4 million. This was subsequently adjusted as the 1961 census adopted a more rigorous definition of urban population. Percent increase between 1941 and 1951 has been calculated on the basis of actual census figure of 62.bi million. Figures for the earlier years have not been adjusted. For 1971 and 1981, they have been assumed to increase as a percentage of the total by 2 percent per decade. Source: Government of India, Office of the Registrar General.  TABLE 1.2 EPJ?LOYIVENT IN THE ORGANIZED SECTOR 1/ Public Private Total Per cent of Per cent change Annual average (in thousands) All Sectors increase between As of March 1, 1970 TCS 1969 1970 1 - 1970 Plantations and forestry 263 814 1,077 6.3 - O - 2.2 + 0.3 + 360 Mining & Quarrying 177 425 602 3.5 - 6.9 - 1.9 + 1.1 _ 1.2 Manufacturing 782 3,898 4,680 27.5 - 0.1 + 2.0 + 3.3 4 4.2 Construction 797 151 948 5.6 - 8.8 + 4.4 + 0.6 + 1.3 Electricity Gas, and Sanitary Services 401 44 445 2.6 + 2.6 + 5.5 + 7.9 * 7.6 2/ Trade S Commerce 277 302 579 3.4 + 3.3 + 4.4 + 4.6 +14.2 Transport & Communications 2,867 101 2.,288 13.4 + 0.3 + 1.1 + 1.0 + 3.0 Services 5,455 960 6,415 37.7 + 1.9 + 2.3 + 2.5 + 7.4 All Sectors 10,339 6,696 17,035 100.0 + 0.1 + 1.9 + 2.4 + 4.5 Note: A compulsory notification act under the Employment Market Information Program of the Directorate General of Employment and Training, enjoins all units employing 25 workers or more to give information on employment position. Since 1966 an attempt has been made to extend the coverage of the act to units employing 10 workers or more, but on a voluntary basis. Estimated employment reported in this group is roughly .7 million. 1/ Over the preceding year. 2/ There has been an increase in employment by 80,000 in the public sector and a corresponding decrease from the private sector following the nationalisation of banks. Source: T4inistry of Labour, Directorate General of Employment and Training.  PERFORMANCE OF THE STERILIZATIDN PROGRAM Table 1.3 (numbers) MALE and FEMALE Cumulative Since Inception MALE FEMALE Total per 1,000 Increase Increase up to estimated 1969/70 1970/71 or 1969/70 1970/71 or 1966/67 1967/68 1968/69 1969/70 1969/70 population Apr/Nov Apr/Nov Decrease Apr/Nov Apr/Nov Decrease Andhra Pradesh 58,267 170,796 205,071 208,678 690,551 16.1 89,226 84,586 - 42,421 58,340 + Assam 1,299 3,220 14,731 18,386 62,737 4.0 7,357 8,829 + 1,006 l1470 + Bihar 57,056 144,044 92,564 96,846 413,086 7.2 53,101 34,193 _ 2,504 2,402 - GuJarat 39,776 85,037 100,559 94,308 426,713 16.4 27,915 26,032 _ 25,750 28,140 + Haryana 10,538 16,689 19,347 18,556 89,868 9.1 5,112 5,616 + 4,773 7,022 + Himachal Pradesh 2,326 4,600 7,936 5,442 37,996 10.7 1,906 1,142 - 1,198 1,270 + Jammu & Kashmir 1,866 8,646 11,841 7,662 39,871 9.9 1,882 2,025 + 721 1,323 + Kerala 40,274 65,155 73,840 60,546 354,967 16.9 30,390 26,919 1 11,944 12,747 + Madhya Pradesh 76,190 176,148 135,110 126,096 613,705 15.3 65,760 34,184& _ 11,764 11,244 - Maharashtra 65,614 332,329 273,034 231,479 1,163,123 23.7 83,104 68,278 4/ 46,502 56,369 + Mysore 52,389 109,730 92,256 48,793 372,440 12.9 20,635 10,492 - 13,265 21,182 + Nagaland 42 47 35 NA 345 .7 NA NA NA NA Orissa 79,089 88,012 70,839 102,162 409,253 19.2 73,794 70,975 - 748 920 + Punjab 18,841 29,462 38,676 41,085 183,198 12.7 4,875 3,552 _ 14,921 15,799 + Rajasthan 8,212 35,710 37,830 43,375 170,030 6.6 19,084 16,382 - 3,338 3,996 + Tamil Nadu 248,242 128,166 113,534 112,155 908,669 23.3 71,242 33,860 - 9,505 9,733 + Uttar Pradesh 79,435 159,168 155,883 78,110 627,500 7.0 32,417 32,214 Neg.(-)I/ 5,535 6,808 + West Bengal 28,229 226,732 172,202 84,666 560,238 12.7 56,246 35,825 - 6,144 5,286 - Other Union Territories 5,187 17,819 18,267 17,929 78,035 9.2 8,938 7,518 - 3,790 3,994 + Central Government 13,796 38,301 31,262 25,841 137,829 NA 12,234 8,742 - 3,489 4,161 4 Institutionsi TOTAL 887,368 1,839,811 1,664,817 1,422,115 7,339,964 I/ 13.5 665,218 511,334 - 209,318 252,206 + Source: Department of Family Planning 1/ - December data show increases for these States relative to Apr/Dec 1969/70. 2/ - Figures omit 7,569 sterilizations for which sex-wise breakdown is not available. 3/ - The cumulative total since inception for sterilizations up to Dec.1970 is 8.13 million.  PERFORNANCE OF THE IUD PROCRAM Table 1.4 (numbers of insertions) Cumulative since inception Per 1,000 Increase Up to Estimated 1969/70 1970/71 or 1966/67 1967/68 1968/69 1969/70 1969/70 Population Apr/Nov Apr/Nov decrease Andhra Pradesh 53,792 54,072 17,459 9,204 143,749 3.4 5,206 5,871 + Assam 38,491 21,346 21,791 9,533 121,699 7.9 3,648 5,495 + Bihar 35,195 32,499 25,041 48,483 153,895 2.7 27,603 26,027 _ Gujarat 34,051 20,338 12,422 10,648 166,970 6.4 5,698 6,647 + Haryana 55,457 58,056 29,464 27,176 209,041 21.2 13,006 13,702 + Himachal Pradesh 6,727 7,971 7,704 3,684 38,347 10.8 2,532 929 _ Jammu & Kashmir 11,851 9,636 7,552 4,295 37,341 9.3 3,784 2,335 Kerala 40,760 37,553 36,062 37,708 187,800 8.9 23,443 24,707 + Madhya Pradesh 37,307 31,779 35,927 42,669 168,787 4.2 23,707 25,274 + Maharashtra 141,617 28,664 11,105 10,293 321,889 6.5 6,963 5,366 Mysore 87,670 40,782 19,717 13,051 237,325 8.2 6,171 9,389 + Nagaland 76 70 35 NA 181 .4 NA NA Orissa 12,374 39,233 35,860 37,326 130,797 6.1 33,691 23,085 - Punjab 120,131 103,196 36,248 29,987 373,396 25.8 18,850 15,186 - Rajasthan 15,577 24,032 21,060 21,933 95,615 3.7 11,649 11,716 neg(+) Tamil Nadu 5,295 9,542 25,358 41,609 85,385 2.1 31,041 25,342 _ Uttar Pradesh 106,462 103,042 90,792 81,154 426,808 4.8 54,435 47,268 _ West Bengal 73,538 21,705 21,684 9,833 291,147 6.6 5,209 6,476 + Other Union Territories 17,364 11,904 14,157 12,132 78,376 9.2 8,003 9,359 + Central Government Institutions 15.991 13,559 9,293 8.008 60o417 NA 4.925 3,910 909,726 668,979 478,731 458,726 3,328,965 6.1 285,302 269,346 -  TABLE 2.1 GROSS NATIONAL PRODUCT AND NET NATIONAL PRODUCT (i.e. NATIONAL INCOME) (At Factor Cost; Revised Series) Gross National Net National Per Capita Net Index Number of Net Index Number of Product Product National Product National Product Per Capita Net (Rs million) (Rs million) (Rs) (1960-61 Base) National Product (1960-61 Base) Years At At At At At At At At At At Current 1960-61 Current 1960-61 Current 1960-61 Current 1960-61 Current 1960-61 Prices Prices Prices Prices Prices Prices Prices Prices Prices Prices 1 2 3 4 5 6 7 8 9 10 11 1960-61 140290 140290 132940 132940 306.4 306.4 100.0 100.0 100.0 100.0 1961-62 148600 145470 140500 137630 316.4 310.0 105.7 103.5 103.3 101.2 1962-63 158030 149300 148730 140450 326.4 308.3 111.9 105.6 106.5 100.6 1963-64 180880 157580 170940 148450 366.4 318.2 128.6 111.7 119.6 103.9 1964-65 211760 169000 200610 159170 419.8 333.1 150.9 119.7 137.0 108.7 1965-66 218390 160230 206210 150210 421.2 306.8 155.1 113.0 137.5 100.1 1/ 1966-67 250170 162000 236240 151230 470.8 301.4 177.7 113.8 153.7 98.4 1/ 1967-68 298960 177170 283560 165860 551.4 322.5 213.3 124.8 180.0 105.3 1/ 1968-69 302320 181120 285830 169430 542.3 321.4 215.0 127.4 177.0 104.9 1/ Provisional Sources: Government of India, C.S.O., Estimates of National Product (Revised Series, 1960-61 to 1968-69)(August 1970); Ministry of Finance.  TABLE 2.2 ESTIMATES OF NET NATIONAL PRODUCT BY INDUSTRY ORIGIN - PERCENTAGE DISTRIBUTION (At 1960-61 Prices; Revised Series) Industry Groups 1960-61 1965-66 1966-67 1967-68 1968-69 1 2 3 4 5 5 1. Agriculture, forestry, fishing, etc. 51.3 43.0 42,3 45.6 44.3 2. Mining, industry, construction, electricity, etc. 20.2 24.1 24.0 22.4 22.9 3. Transport and communications, trade, storage, etc. 14.1 16.4 16.7 16.0 16.1 4. Banking and insurance, real estate and ownership of dwellings, public administration and defence, other services, etc. 14.9 17.5 18.0 17.1 17.7 5. Net domestic product at factor cost 100.5 101.0 101.0 101.1 101.0 6. Net factor income from abroad - 0.5 - 1.0 - 1.0 - 1.1 - 1.0 7, Net national product at factor cost 100.0 100.0 100.0 100.0 100.0 1/ Provisional Source: Ministry of Finance.  TABLE 2.3 INVEST1ENT AN7D SAVINGS RATES (percent of national income) Net Domestic Net Domestic Current Accotnt Investment Savings Deficit 1960/61 12.5 8.9 3.6 1961/62 12.0 9.6 2.4 1962/63 12.9 10.0 2.9 1963/64 13.7 11.1 2.6 1964/65 13.4 10.4 3.0 1965/66 14.8 12.0 2.8 1965/66 13.4 10.5 2.9 1966/67 12.1 8.2 3.9 1967/63 11.3 7.8 3.5 1968/69 11.3 8.8 2.5 1969/70 12.0 9.9 2.1 1973/74 (Plan projection) 14.5 13.2 1.3 Notes and Sources: Estimates of investment and savings are subject to substantial margins of error and therefore should be used with caution, In addition, official estimates are published with substantial delays. The ratios in the upper part of the table have been calculated from publications oLf the CSO. These are: Estimates of National Product (Revised Series), 1960-61 to 1968-69; Estimates of Capital Formation in India, 1960-61 to 1965-66; Estimates of Savings in India, 1960-61 to 1965-66. The estimates of capital formation and savings for these years still are marked "preliminary". The ratios in the lower part of the table were obtained from the Planning Commission. They are not strictly comparable with the data of the CSO. The ratios for 1969/70 are pro- visional. Comparison of data from 1966/67 onwards with those of earlier years is also com- plicated by the devaluation of the rupee in June 1966, which raised by 57% the rupee value of the balance of payments deficit. The rupee value of domestic savings, equal to domestic investment minus net capital inflow from abroad, must have fallen accordingly as an accounting consequence of devaluation. Taking account of this factor and leaving aside other consequences of the devaluation, the savings rate in 1966/67 comparable to that for 1965/66 may have been about 9.5%.  I  TABLE 3.1 EXPORTS (QUANTITY AID VALUE) (QUANTITY AS SPECIFIED, VALUJE IN $ MILLION) 1960/61 1964/65 1967/68 1968/69 1969/70 APRIL - SEPT. 1969 APRIL-SEPT.1970 Quantity Value Quantity Value Quantity Value Quantity Value Quantity Value Quantity Value Quantity Value Jute manufactures (000 tons) 799 283.8 960 353.3 753 312.1 653 290.6 571 275.5 292 144.5 229 99.3 Tea (million kgs.) 199 259.5 21' 261.8 203 240.2 201 208.6 174 166.0 82 82.8 66 64.5 Cotton piecegoods (mill.sq.metres) i) Mill made 602 110.8 484 100.8 425 79.4 447 87.3 410 83.3 191 38.6 184 39.1 ii) Handloom 26 10.0 40 20.2 25 7.7 20 6.7 27 9.6 12 4.3 13 4.5 Cotton yarn and thread (mill.kgs) 7 9.3 11 11.9 10 10.1 20 19.1 39 40.5 22 20.4 15 18.5 Cotton apparel and other Cotton mfts. n.a. 9.0 19.3 23.8 25.0 12.6 14.4 Coir yarn and mfts. (000 tons) 71 18.3 74 23.7 56 17.1 59 18.4 54 17.9 22 7.4 22 7.9 Iron ore (mill. tons) 3 35.7 11 78.5 14 99.7 16 117.8 16.5 126.2 6 51.5 8 62.6 Oilcalces (000 tons) 433 30-0 975 83.5 746 60.7 832 66.o 705 55-3 325 24.5 412 34.0 Hides and skins - raw 19.9 19.0 10.1 7.1 11.3 7.0 3.4 Footwear (mill. pairs) 4-9 6.5 7.6 8.8 11 12.3 12.7 12.1 12.4 12.0 3.5 3-7 4.2 5.4 Leather and other leather manufactures 52.4 57.4 71.3 96.9 108.7 57.8 43.7 Cashew kernels (mill. kgs) 44 39.7 56 61.0 51 57.3 64 81.2 61 76.6 34 41.5 31 42.8 Tobacco (mill.kgs) 47 33.1 81 54.0 57 47.5 54 45.1 56 44.5 41 32.8 37 33.0 Engineering goods 17.9 30.1 43.5 89.9 119.4 56.2 65.0 Coffee (mill. kgs) 20 15.2 31 28.2 34 24.3 29 24.0 32 26.2 28 21.6 17 18.8 Mica (mill. kgs) 28 21.3 31 20.4 23 20.0 21 18.0 24 20.3 11 11.4 11 10.9 Sugar (000 tons) 56 5.1 271 37.7 228 21-3 99 13.5 82 11.4 86 8.5 112 11.0 Pepper (mill. kgs) 17 17.9 17 14.2 25 17-5 19 12.9 22 21.6 8 5.6 5 5.6 Manganese ore (mill. tons) 1.2 29.5 1.6 27.6 1.0 14.8 1.3 18.0 1.2 14.7 0-5 7.2 0.8 8.5 Raw cotton (000 tons) 33 18.3 47 22.2 45 19.7 28 14.8 36 19.6 18 10.0 17 9.4 Iron and Steel 11.6 9.2 69.2 99.3 102.9 47.0 50.7 Chemlcals and alied products 7.2 14.6 15.9 23.3 29.6 14.0 16.4 Fish (mill. kgs) 20 9.7 20 14.2 20 24.5 25 30.3 29.8 41.1 14 21.3 15 20.1 Vegetable oils (mill. kgs) 63 26.5 45 21.7 17 10.3 49 21.5 24 12.3 13 6.7 11 6.2 Gems 0.3 27.6 40.5 59.7 58.5 29.8 27.5 Other handicrafts 20.1 25.6 24.9 32.4 39.2 18.6 18.3 Mineral fuels, Lubricants 15.6 25.7 12.3 16.1 12.7 7.4 7-4 Others 261.2 252.3 194.5 258.9 302.4 139.0 155.4 TOTAL 1,386.4 1,714.2 1,598.0 1,813,3 1,884-3 933.7 904,3 Source; Monthly Statietics of Foreign Trade - with classification by the office of the Economic Advisor to the Governmnit of India.  TAB8 3E.2 EXPORTS - Recent Performance and Projections to 1973/74 (In $ mnillion) 1968/69 1969/70 1973/74 Our Pro- Plan jection Estimate Jute manufactures 290.6 275.5 240 320 Tea 208.6 166.0 190 227 Cotton piecegoods i) Hill ,nade 87.3 83.3 80 110 ii) Handloom 6.7 9.6 15 13 Cotton yarn and thread 19.1 40.5 30 n.a. Cotton apparel and other cotton maenufactures 23.8 25.0 35 n.a. Coir yarn and mfts. 18.4 17.9 23 23 Iron ore 117.8 128.2 200 206 Oil cakes 66.0 55.3 65 100 Hides and skins raw 7.1 11.3 - - Footwear 12.1 12.0 ) ) 140 141 Leather and other leather ) manufactures 96.9 108.7 ) Cashew kernels 81.2 76.6 85 93 Tobacco 45.1 44.5 55 67 Engineering goods 89.9 119.4 230 253 Coffee 24,0 26.2 30 30 Mica 18.0 20.3 20 20 Sugar 13.5 11.4 20 26 Pepper 12.9 21.6 25 '4 Hanganese ore 18.0 14.7 20  Table 3.2 - 2 - 1968/69 1969/70 1973/74 Our Pro- Plan jection Lstimate Raw cotton 14.8 19.6 15 22 Iron and Steel 99,5 102.9 105 127 Chemicals and allied products 23.3 29.6 55 40 Fish 30.3 41.1 70 64 Vegetable oils (essential and non-essential) 21.5 12.8 15 n.a. CGiems 59.7 58.5 70 93 Other handicrafts 32.4 39.2 45 40 Mineral fuels, lubricants 16.1 12.7 15 n.a. Other primary 98 112 115 181 -/ Other manufactures 161 192 242 296 - Total 1,813.3 1,884.3 2,250 2,533 Growth rate 3.9% Compound growth rate: 1968/69 = 4.4% 1973/74 (our projection) 1968/69 , 6.9% 197X/74 (Plan estimate) 1/ Since projections in the paper by Pant and lvMehra are not available for all our items, these figures are not strictly comparable with ours. 2/ Includes unspecified expor%sl most of wThich are manufactures. Note: Plan estimates are taken from "E1port Studies in India - a reviewV, by P. Pant and K. IMehra of the Planning Commission. The details given in this paper are the back-up for the projections shown on page 44 of the Plan document.  TABIE 3.3 DESTTNATION OF EXPORTS ($ million) 1960/51 1965/66 1967/68 1969/70 Value % Value % Value X Value % Africa 102.9 7.4 129.9 7.6 93.6 5.9 117.5 6.2 1. UAR 28.1 2.0 56.8 3.4 28.7 1.8 46.2 2.5 2. Others 74.8 5.4 73.1 4.3 64.9 4.1 71.3 3.8 America 287.2 20.7 376.4 23.2 326.1 20.4 361.5 19.2 1. USA 215.3 15.5 310.4 18.3 276.6 17.3 307.2 16.3 2. Canada 37.0 2.7 42.6 2.5 39.7 2.5 35.1 1.9 3. Others 34.9 2.5 25.4 1.5 9.8 0.6 19.2 1.0 Asia and Oceania 347.7 25.1 394.6 23.3 420.6 26.3 601.5 31.9 1. ECAFE 298,8 21.5 334.0 19.7 361.1 22.6 504.1 26.8 of which: Japan 74.1 5.3 119.7 7.1 181.2 11.3 239.1 12.7 Australia 47.0 3.4 36.9 2.2 37.3 2.3 32.6 1.7 Ceylon 38,6 2.9 27.1 1.6 19.9 1.2 34.2 1.8 2. Others 48.9 3.5 60.7 3.6 59.4 3.7 97.4 5.2 Eastern Europe 104.2 7.5 328.8 19.4 301.3 18.8 410.2 21.8 1. U.S.S.R, 60.5 4.4 195.3 11,5 162.4 10.2 235.2 12.5 2, Czechoslovakia 15.3 1.1 33.3 2.0 38.8 2.4 40.1 2.1 3. East Germany 6.9 0.5 28.8 1.7 27.1 1.7 26.7 1.4 4. Poland 8.2 0.6 19.1 1.1 29.3 1.8 28.4 1.5 5, Others 13.3 1.0 52.3 3.1 43.7 2.7 79.8 4.2 Western Europe 503.6 36.3 462.1 27.3 456.7 28.6 393.6 20.9 1. F.E.C. 108.8 7.8 116.1 6.9 119.1 7.4 134.0 7.1 o_ which: Belgium 11.1 0.8 20.0 1L2 27.6 1.7 33.0 1.8 France 18.5 1.3 23.6 1.4 20.7 1.3 29,0 1.5 W.Germany 41.8 3.0 38.2 2.3 29.7 1.9 39.9 2.1 Italy 19.5 1.4 17.7 1.0 23.8 1.5 17.3 0.9 Netherlands 17.9 1.3 16.6 1.0 17.3 1i1 14.9 0.8 2, U.K. 362.2 26.1 307.6 18.2 305.4 19.1 220.1 11.7 3. Others 32.6 2.3 38.4 2.3 32.3 2.0 39.5 2.1 Grand Total 1386.4 1DO.O 1691.5 100.0 1598.0 1D0.0 1884.3 lDO.0 Source: Directorate General of Commercial Intelligence and Statistics.  TAIBLE 3.4 EXPORT DUTIES As on June 6 As on Nov. I As on Aprill As on March 1966 1968 1969 1970 Jute Manufacturea (a) Hessiana other than carpet Rs. 900 RJ. 500 RS. 200 200 backing and Jute speciali- ties. (per ton) (b) Carpet backing (per ton) 900 600 600 300 (c) Jute canvas, Jute webbings, 900 500 500 200 Jute tarpaulin cloth and manufactures thereof (per ton) (d) Jute specialities 900 Nil Nil Nil (e) Sacking (cloth, bags twist 600 250 150 150 yarn, rope and twine5 (per ton) (f) Cotton bagging (per ton) 600 200 Nil Nil (g) All other descriptions of Jute manufactures falling 600 250 150 150 under sub-item (iii) to item 2 to the Second Sche- dule to the Indian Tariff Act, 1934 (per ton) Tea (a) Tea other than package tea Rs 2 per Kg. 20% reduced 15% reduced by Nil covered by (b) and (c) by 35 paise 55 polse per below per Kg. or Kg., or Rs.1.70 Rs. 2.65 per per Kg., which- Kg. whiohever ever is less (b) Tea in consimor pack, RS. 2 per kg. 10% orRs 2.76 Nil Nil packed in metal container per kilo the aggregate weight not whichever is exoeeding one kilo less  TABLE 3.14 -2 - (a) Tea in oonsvr paok, Re. 2 perkg. 15% orRs 2.76 5 peroent or Nil packed in containerother per kg.vhich- Ra 1.70perkg. than of metal,the aggre- ever is less whichever is gate weigbt not exeedig leass one kilo Coffer Ra.0.50 50 paise 50 paise 50 paise per kg. per kg. per kg. per kg. BlacklP.iper (a) Light black pepper Rs.1.25 90 pais. Nil Nil per kg. per kg. (b) Pinhead black pepper Rc.1.25 50 paige per kg. per kg. N1i Nil (c) Others Rs. 1.25 1.25 pais. 1.25 paise 1.25 paise per kg. per kg. per kg. per kg. Tobacco (unmanufaotured) 75 paiss per 20% per kg. 20% per kg. 20%per kg. kg. 20% per kg. 1/ Raw Wool Re. 1 per kg. 10 percent Nil Nil Raw Cotton (a) Bengal Deshi (per ton) Ra. 1,000 Re. 700 Rs. 700 Ra. 700 (b) Linters Ra. 1,000 25 percent 25 percent 25 percent (c) Asaam Coouilla/yellow Re. 1 000 Re. 550 Re. 550 Rs. 550 pickings/Zoda cotton Ra. 750 1/ pickings and sweepings (per ton) Cotton Waste (a) Cotton waste other than 30 PaeW 4.0 percent 40 peroent ho percent soft cotton waste 40 percet (b) Soft cotton waste 30 paiseperkg 25 percent 25 percent 25 percent Mica (except micanlte) Mica (except Ricanite) O ee r. k4Opercent 40 percent 40 percent 40 perent I/ Mica, loose splittings 50 paise per kg. 20 percent 20 percent 20 percent Proceased Nica 50 paise per kg. 2Qperoent 20 percent 20 percent 1/ Subsequently revised rate uhich becam effoetive retrospectively from 6. 6. 1966.  TARU 3.4 -3- Hides, skins and leather 10 percent 10 peroent 10 peroent 10 percent tanned and untanmed 8a1 sorts but not includig snake akins and manufactures of leather Snake Skins 'LO percent 25 percent 25 percent 25 percent Coirs and coir manufactures r ~~~~~~~~~~~~~~~~~1/ (a) Coir yarn 10 paroent 15 percent 15 percent 35 percenf (b) Coir manufactures 10 percent Nil Nil Nil Groundnut otl cake and round- Rs. 125 Rs. 125 Rs. 125 Rs. 125 nut meal (both deoiled) (per ton) Maanese Ore (a) More than 48 percent of Rs. 20 6 Rs. 20 Rs. 20 Rs. 20 manganese (per ton) (b) 10 percent or more and up Rs. 20 0 Re. 12.50 Re. 12.50 Rs. 12.50 to 48 percent of manganese (per ton) (C) Less than 10 percent of Re. 10 Q Rs. 7 Ra. 7 Rs. 7 manganese (per ton) Manganese Dioxide 20 percent S 20 percent 20 percent 20 percent umpy Iron Ore (a) 63 percent iron content RJ. 10 0 Re. 10.50 Rs. 10.50 RS. 10.50 and above (per ton) (b) 60 to 63 percent iron Re. 10 a Rs. 6 R8. 6 RS. 6 content (per ton) (c) 58 to 60 percent iron Rs. 10 a Re. 5 Ra. 5 Rs. 5 content (per ton) (d) Lest than 58 percent iron Rs. 10 0 Rs. 4 Ra. 4 Rs. 4 content (per ton) iron Ore (2ines) (a) More than 62 percent iron Re. 5 0 Re. 4 Ra. 4 Ra. 4 content (per ton) (b) Other (per ton) Rs. 5. RJ. 3 Re. 3 Rs. 3 1/ Abolished since 30 July 1i70.  TABLE 3.l4 -14- Sillimanite 20 percent * 20 percont 20 percent 20 percent Steatite (Talc) 20 paroent 0 20 percent 20 percent 20 percent Kyanite (per ton) Re. 400 Rs. 40 Ra. 40 Rs. 40 Chrome Concentrates (per ton) Re. 15 0 Rs. 15 Rs. 15 Rs. 15 Notes: Some of the duties were quite frequently readjusted between June 1966 and the present time. The ratee prevailing in Novmber 1968 are given here because the Government has calculated the rough ad valorem incidence of the schedule effective at that date. These are as follows: Hessians other than carpet backing and 22.2% Jute specialities (per ton) Carpet baoking (per tcn) 15.5% Saoking (cloth, bags, twist, yarn, rope and twine) 14.2% (per ton) Cotton bagging (per ton) 16.0% Tea, other than package tea 15.8% Coffee 7.9% Black Pepper: Light black pepper 31.9% Pinhead black pepper Others Raw Cotton: Bengal Deshi (per ton) 22.2% Assam Comnilla/yellow pickings/zoda cotton pickings and sweepings 11.9% Manganese Ore: More than 48 percent of manganese 11.0% 27% or more and up to 48 percent of manganese 8 to 20 % Lumpy Iron Ore: 63 to 65 percent iron content 14.6% 66 to 67 percent iron content 13.7% Q With effect from 2. 8. 1966 Tons are metric tons. Government of India  TABE 3.5 IMPORT STHI'fARY (in $ million) 1966/67 1967/68 1968/69 1969/70 Food - 868 691 449 348 Non-food 1,903 1,986 2,096 1,742 1) IvMachinery and equip. ment 365 289 265 250 2) lMaintenance Imports 1,393 1,508 1,612 1,310 a) Components and Spares 415 402 454 285 b) Raw materials and intermediates (excluding metals) 733 852 948 818 c) M4etals i) Iron and Steel 131 142 115 108 ii) Non-ferrous 114 119 119 99 3) Others 146 191 218 182 Total Imports 2 771 2,677 2,545 2,090 1/ Food here consists only of cereals and cereal preparations. A small amount of food and edible products is included in item 3 (others). 2/ This is the unrevised total. As noted in the text of the report, the government believes that the final revised figure will be $ 90 million higher. Note: The main interest of this table is that, in contrast to the more standard presentation as in Table 3.6, finished machinery and equipment are shown separately from components and spares, This separation requires a reclassification of the monthly trade statistics up to 7 digits of the classification code. Source: Office of the Chief Controller of Imports and Exports,  TABLE 3.6 PRINCIPAL IMPORTS (in $ million) April - September 1960/61 1966/67 1967/68 1968/69 1969/70 1969 1970 Cereal and cereal preparations 380.9 867.8 690.8 448.8 348.0 217.6 130.0 Non-electrical machinery and parts 427.2 544.0 448.7 487,8 372.3 192.9 180.4 Electrical machinery and parts 120.2 141.2 114.1 109.0 84.8 39.4 46.1 Transport equipment and parts 152.1 82.9 107.8 88.5 66.5 29.5 30.0 Iron and Steel 257.3 130.5 141.7 114.9 108.2 48.8 85.1 Non-ferrous metals 99.3 114.2 118.5 118,7 99.3 44.9 74.8 Petroleum oil and lubricants 145.4 84.1 99.7 177.6 183.9 88.5 84.5 Drugs and rmedicines 22.0 23.2 23.3 23.3 24.p 12.5 16.8 Dyeing, tanning and coloring materials 27.1 11.9 10.4 11.9 9.4 4.5 6.3 Cashewnuts (unprocessed) 20.1 30.7 33.5 41.8 36.8 18.7 27.2 Raw cotton 171.7 75.3 110.7 120.2 110.4 56.0 87.7 Raw jute 16.0 27.5 2.4 12.4 1.4 1.4 0.1 Paper, paper board and manufactures thereof 1/ 25.5 28.9 23.5 24.4 31.6 16.3 14.9 Fertilizers and fertilizer materials- 31.2 166.5 279.3 264.1 n.a. n.a. na. Chemical elements and compounds / 82.4 59.9 71.3 70.0 61.4 29.5 38.3 Others 414.9 381.9 400.4 431.4 n.a,3, n,a. n.a. TOTAL 2,393,3 2,770.5 2,676.1 2,544.8 2,090.0-' 1,077.1 1,066.6 Consists of manufactured and crude fertilizers, urea containing more than 45%nitrogen, and that part of sulphur and unroasted iron pyrite imports which is used in the manufacture of fertilizers. For 1969/70 the official figure for manufactured fertilizers is $ 89.6 million, but as explained in the text of the report the government believes that they were underrecorded to the extent of $ 42 million. As regards sulphur and unroasted iron pyrites, -no official estimate is yet available for 1969/70 (or for April-September 1970) as to how much went into fertilizer manufacture. Our own estimate for the whole item, fertilizers and fertilizer materials as defined above, for 1969/70 is $ 180 million. g/ Excluding urea containing more than 45% nitrogen. This is the unrevised total. As explained in the text, the government believes that this will evenbtally be revised upwards by $ 90 million to take account of underrecording. Source: Economic Survey 1969/70 and Monthly Statistics of Foreign Trade, March 1970 and September 1970.  TABLE 3.7 ORIGIN OF IMPORTS ($ million) 1960/61 1965/66 1967/68 1969/70 Value % Value % Value % Value % Africa 148.5 6.2 117.2 4.0 125.6 4.7 188.6 9.0 1, UAR 34.4 1.4 41.9 1.4 35.9 1.3 31.7 1.5 2. Others 114.1 4,8 75.3 2.5 89.7 3.4 156.9 7.5 America 733.6 30.7 1194.9 40.4 1188,0 44.4 726.6 34.8 1. USA 688.0 28.7 1123.7 38.0 1035.5 38,7 613.3 29.3 2. Canada 41.8 1.7 64.1 2.2 131.0 4.9 98.5 4.7 3. Others 3.8 0,2 7.1 0.2 21.5 0.8 14.8 0.7 Asia and Oceania 434.1 18.1 494.0 16.7 438.1 16.4 396.1 19.0 1. ECAFE 376.5 15.7 460.7 15.6 385.2 14.4 346.7 16.6 of which: Japan 127.7 5.3 166.6 5.6 144.6 5.4 89.1 4.3 Australia 37.4 1.6 50.8 1.1 86.6 3.2 41.7 2.0 Ceylon 8.6 0.4 8.4 0.3 4.4 0.2 3.8 0.2 2. Others 57.6 2.4 33.3 1.1 52.9 2.0 49.3 2.4 Eastern Europe 93.0 3.9 329.0 11.1 296,3 11.1 375.2 18.0 1. USSR 33.4 1.4 174.7 5.9 148.3 5.5 227.2 10.9 2, Czechoslovakia 18.5 0,8 44.4 1.5 36.5 1.4 30.6 1.5 3, East Germany 6.9 0.3 27,3 0.9 28,8 1.1 32.4 1.6 4. Poland 9.2 0.4 28.7 1.0 31.7 1,2 29.9 1.4 5. Others 2.5 0.1 53.9 1.8 51.0 1.9 55.1 2,6 Western Europe 940.4 39,3 822.8 27.8 628.7 23.5 402.7 19.3 1. EEC 411.4 17.2 433.4 14.7 341.5 12.8 227.2 10.9 of which: Belgium 31.9 1.3 24.2 0.8 23.7 0.9 10.8 0.5 France 44.3 1.9 37.0 1.3 45.9 1.7 31.0 1.5 W.Germany 257.3 10,8 288.0 9.7 191.9 7.2 116.4 5.6 Italy 54.6 2.3 41.7 1.4 45.7 1.7 52.8 2.5 Netherlands 22.1 0.9 41.4 1.4 34.2 1.3 20.1 1.0 2, UK 446.7 18.7 315.2 10.7 217.1 8.1 133.8 6.4 3, Others 82.3 3.4 74.2 2.5 70,3 2.6 41,7 2.0 Grand Total 2393,3 100.0 2957.9 100,0 2676,8 100.0 2090.0 100.0 Note: Tne 1969/70 figures are the unrevised series. As noted in the text of the report, there is likely to be an upward revision of about $ 90 million in total* Source: Directorate General of Commercial Intelligence and Statistics.  TABIE 3.8 TEM4S OF TRADE (Base 1958-100) Exports Imports Volume Unit value Volume Unit value Terms of index index index index Trade / 1960/61 100 110 128 96 115 1961/62 105 109 121 98 111 1962/63 112 106 131 94 113 1963/64 126 105 135 97 108 1964/65 132 107 146 99 108 1965/66 124 113 154 104 109 1966/67 / 119 169 149 150 115 1967/68 122 169 166 136 124 1968/69 142 166 151 141 118 1969/70 145 171 128 140 122 April-September 1970-/ 131 178 117 157 113 1/ Export unit value index divided by import unit value index. Covers only the 10 months following devaluation - June to April. Calculated by us from the monthly data. -Source: Directorate General of Commercial Intelligence and Statistics.  TABLE 3.9 LONG~TERM FOREIGN RIVATE INVESTMENT (Rs. million) Outstanding A n n u a 1 I n f 1 o w Outstanding end March 163 1963/64 1964/65 1965/66 1966/67 end March 1967 Giross Net Gross Net Gross Net Gross Net 1967 1967 (a) (b) Direct 5415 224 224 431 429 221 219 223 216 6547 7005 Branches 2641 -55 -55 15 15 -114 -114 _25 _.25 2483 2906 Foreign Controlled Rupee Companies 2774 279 279 416 414 335 333 248 241 4064 4099 Portfolio 1530 449 282 588 389 496 223 1217 830 3254 4371 Equity 493 47 37 21 17 24 23 67 62 632 632 Creditor 1037 402 245 567 372 472 200 1150 768 2622 3739 1. Loans & Securities 102 67 258 226 159 58 335 212. 2. Suppliers' credits 300 178 309 146 313 142 815 556 - Total Private 6945 673 506 1019 818 717 442 1440 1046 9801 11376 (a) Unrevised figures- (b) Figures revised on account of devaluation. Note: The difference between the outstanding investment in 1967 (unrevised figures) and investment in 1963 exceeds the net inflow over the four years by Rs. 44 million. We are unable to account for this. Sovtrce: Reserve Bank of India Monthly Bulletin August 1969.  TABLE 3.9 a LONG_-TERM FOREIGN PRIVATE INVESTMENT BY COUNTFRY OF ORIGIN (Rs. million) Outstanding Net Annual Inflow Outstanding end Nlarch 1963/64 1964/65 1965/66 1966/67 end March 1963 Gross Net Gross Net Gross Net Gross Net 1967 (a) (b) U.K. 4932 190 138 349 298 184 105 458 362 5870 6554 U.S.A. 868 109 99 286 273 146 99 232 176 1512 1687 Japan 142 166 150 110 73 101 52 125 31 448 685 Germany 242 24 3 74 44 59 24 179 126 435 589 Other 761 184 122 200 130 227 162 446 351 1S36 1863 All countries 6945 673 506 1019 818 717 442 1440 1046 9801 11376 a) Unrevised figures. b) Revised figures on account of devaluation. Note: The difference between the outstanding investment in 1967 (unrevised figures) and investment in 1963 exceeds the net inflow over the four years by Rs. 44 million. We are unable to account for this. Source: Reserve Bank of India - Monthly Bulletin August 1969,  TABLE 3.9 b LONG-TERM FOREIGN PRITATE TINVESTPENT BY INDUSTRY OUTSTANDING AS OF MARCH 1967 (Rs. Million) DIRECT PORTFOLIO Total Per cent Private of All Branches FCRC-/ Equity Creditor Investment Sectors Plantations 964 108 41 1 1114 11.4 Mining 43 1 28 15 87 0.9 Petroleum 580 696 37 336 1649 16.8 Manufacturing 270 2956 374 1012 4612 47.1 Services 626 303 152 1258 2339 23.9 All Sectors 2483 4064 632 2622 9801 100.0 1/ Figures correspond to unrevised figures (column (a)) in Tables 3.9 and 3.9 a. 2/ Foreign Controlled Rupee Companies. Source: Reserve Bank of India - Monthly Bulletin August 1969.  TABLE 3.10 NUHB2R OF FOREIGN COLLABORATION AGREEMENTS APPRO.TED 1961 1963 1965 1966 1967 1968 1969 1970 UK 128(48) 70(33) 60(18) 44(11) 50(19) 19(4) 54(6) 39(4) USA 80(50) 69(32) 48(27) 42(18) 34(18) 37(12) 18(11) 35(7) West Germany 68(32) 47(18) 44(15) 41(8) 24(5) 22(4) 25(4) 36(7) France 16(4) 16(10) 12(3) 10(3) 9(1) 8(3) 7(2) 7(1) Italy 13(5) 6(3) 7(1) 3(1) 6(2) 3(1) 5(1) 8(0) Switzerland 20(8) 19(7) 18(4) 10(1) 7(3) 6(0) 7(2) 13(1) Sweden 1(1) 1(1) 3(2) 5(0) 8(1) 4(0) 2(0) Japan 30(6) 32(3) 26(5) 18(3) 21(8) 12(1) 15(1) 15(4) Others 49(11) 41(8) 24(3) 29(4) 24(5) 21(5) 24(2) 52(6) All countries 405(165) 301(115) 242(71) 202(49) 185(62) 132(30) 135(29) 185(30) Note: Figures in parenthesis indicate financial collaboration, Source: Government of India Ministry of Finance,  Table 3.11 INDIA'S GOLD AND FOREIGN EXCHANGE ]IESERVES (US $ Million) Official Reserves of gold, foreign IMF Gold End of Official Official exchange and tranohe Overall Use of Net period gold foreign exchange SDR's SDR's position reserves IDT Credit position (1)+(2)+(3) (4)+(5) (6)-(7) (1) (2) (3) (4) (4) (5) (6) (7) (8) 1951 247 1,697 - 1,944 - 1,944 - 72 1,892 1952 247 1,549 - 1,796 - 1,796 - 72 1,724 1953 247 1,615 - 1,862 - 1,862 - 72 1,790 1954 247 1,620 _ 1,867 - 1,867 - 26 1,841 1955 247 1,619 - 1,866 15 1,881 - 1,881 1956 247 1,188 - 1,435 28 1,463 - 1,463 1957 247 695 - 942 - 942 - 173 769 1958 247 475 - 722 - 722 - 177 545 1959 247 567 _ 814 - 814 - 132 682 1960 247 423 5 670 - 670 - 63 607 1961 247 418 665 - 665 - 188 477 1962 247 265 512 - 512 - 292 220 1963 247 360 - 607 - 607 - 298 309 1964 247 251 - 498 - 498 - 154 344 1965 281 319 - 599 - 599 - 287 312 1966 243 364 _ 608 - 608 - 361 247 1967 243 419 _ 662 - 662 - 456 206 1968 243 439 - 682 - 682 - 374 308 1969 Maroh 243 526 769 - 769 - 540 429 June 243 594 - 838 - 838 - 293 545 September 243 647 - 890 - 890 - 297 593 December 243 682 - 926 - 926 - 240 686 1970 March 243 729 123i 1,0958J - 1,095 - 183 912 June 2d3 794 78 1,116 - 1,116 - 106 1,010 September 243 759 79 1,081 -, 1,081 - 106 975 December 243 698 44 985 21.21 1,0062_ - 10 996 1971 March 243 584 149'b 976k 762/ 1,052ii2 1,052'2 Source a InF, International Financial Statistics, except for March 1971, which is from data provided by the Ministry of Finance, Government of India. i/ Allocation of SDR's in January, 1970 was $ 126 million. S./ Includes allocation of SDR's in January, 1971 of $ 100.58 million. i' Includes use of $ 17.5 million in previously non-monetary gold. A" Decline as of 31.5.71 over 31.3.70 was $ 119 million in terms of official reserves of gold, foreign exchange and SDR's, and $ 43 million in terms of overall reserves. e/ Net improvement as of 31.3.71 over 31.3.70 was $ 140 million, or $ 22 million excluding the allocation of SDR's and use of previously non-monetary gold.  TABLE 3.12 AID COMMnT AM DIBBWJI,W1TS. 1966/67 to 1971/72 ( $ maillion ) (excluding food aid and no-food PL 480) Pipeline Available at Begb6in`g New commitments Dissemets Pipeline at end of a~I 9 h L ________________ YearTiar Project Non-Project Total Projeot Non-Project Total Project Ion-Projeet Total troJet Nonc-ProOst Total 1966/67 1,844*68 577,54 2,222.22 722.61 888.38 1,610.99 497.02 421.13 918.15 2,070.27 844.79 2,915.06 1967/68 2,070.27 844.79 2,915.06 107.56 534-18 641.74 385.82 674.04 1,059.86 1,792.01 704.93 2,496.94 1968/69 1,792.01 704.93 2,496.94 164.01 594*77 758.78 368.00 547.34 915.34 1,58.02 752,36 2,340.38 1969/70 1,588.02 752036 2,340.38 306.33 524.63-' 830.96k' 306.91 597.52 904.45 1,587.44 679.47 2,266.91 1970/71 1,587.44 67947 2,266.91 304 i 435.1 79 739*474/ 525*1 520.04k/ 845.4/ 1,566.6?' 0564k/ 2,161.24k/ (estmate.) 1971/72 1,566,68 594.56 2,161.24 (500o00) (650.00) (1,150.00) (345.00>/ (546.00>' (891.00 - _ ( proJeoSiom) j/ Includes 818 million ot advanoe debt relief against 1970/71 oomitments. ,/ Entimat as of aid-March 1971. ,f Excludes replaeament of $ 7.44 million from Durgapur Loan of 23.5.62 by new loan of this amt em 24.9.70. Also excludes $ 1.85 million vader RLPPI Supplementary Agroement signed on 22.5.70, since this amount had beeo shown with original aeement signed n 27.4.64. includes agreements of $ 45.6 mllion with the U.K. and $ 15.4 million with Japan which had not yet been signed an of date of preparatlin of report but were expected to be before March 31, 1971. Al/ 1xludAe $ 18 million of 1970/71 debt relief actually utilized in 1969/70. ,L/ Projection includes $ 201 million to be provided from new oommitments of non-project aesistance and 5 25 million from new projeot commitments. Disbursements from the pipeline are stimted at 8 320 million for project mad $ 345 million for non-project aid. O9i r---t Lo *.t. $ 100 million of the disbrssements to be not from nw ommitments should be in the form of dobt relief. songsL Government of India, Ministry of PFinace for 1966/67 to 1970/71. Projection for 1971/72 is based cm our reommended commitments, as set out on page  Table 3.13 BALANCE OF PAYEDNTS SiABRY (US $ Million) (Payments shown as 1961/62 1962/6 1963/6 1964/65 1965/66 1966/67 1967/68 196/ 1969/70 (9tm/e1 ____ed i e (estimate) (Proposed Aid Level Projection) 1. Imports. -2,292 -2,376 -2,568 -2,833 -2,958 -2,771 -2,677 -2,545 -2,180 -2,275 -2,451e of which X Foodgrains C- 246) (- 303) (- 378) (- 592) (- 676) (- 868) (- 691? (- ki9) (- 348) (- 260) (.- 200) Others (-2,046) (-2,073) (-2,190) (-2,241) (-2,282) (-1,903) (-1,986) (-2,096) (-1,832) (-2,015) (-2,251) 2. Exports 1,387 1,43941,666 1,714 1,692 1.542 1L598 1,813 1,884 1,960 2,050 3. Trade Balance - 905 - 937 - 902 -1,119 -1,266 -1,229 -1,079 - 732 - 296 - 315 - 401 4. Debt Service. - 191 - 182 - 209 - 255 - 315 - 365 - 444 - 500 - 550 - 584 - 625 5. Other Capital and Invisibles. (net) 249 156 - 55 - 263 - 3 - 18 - 49 180 30 - 88 - 16 6. IBRD Special Deposit - - - - - - 45 - 30 - 15 - - 7. Net transactions with INN 123 25 - 50 - 62 130 33 - 78 - 167 - 253 - 8. Gross Aid Disbursements 711 933 1,239 1,519 1,623 1 494 1,575 1,211 1,201 1,020 1,04&y of which s Food aid (144) (227) (300) (446) (476) (538) (447) (260) (227) (132) (100) Project aid: d/ (262) (383) (548) (701) (684) (497) (380 (368) (307) (325) 345( Non-project aida' (257) (292) (301) (352) (421) (424) (672) (548) (598) (520) (547)h Non-food PL 480 (48) (31) (90) (20) (42) (35) (76) (35) (69) (43) 50)L' 9. Use of Reserves (- = increase) 13 5 - 23 118 - 101 - 12 - 81 - 51 - 203 220 a/ Does not take into account debt relief, which is included under Non-project aid. Debt Service payments from 1961/62 to 1966/67 include only part of service on supplierst credits. . Includes errors and omissions. i/ Breakdown between Project and Non-project aid is to some extent arbitrary. S/ Includes debt relief. i/ The projection for 1971/72 is based on the recommended levels of new aid commitments discussed in Chapter 10, and is therefore the same as the proposed aid level projection in table 3 of Chapter 10. Both aid disbursements and imports would be lower if there were a shortfall in aid commitments. The actual level of imports would be determined by the consequent adjustments in the Government's import policies. The independent import forecast of $ 2,415 million in Chapter 9 is an estimate of the probable implications of a continuation of present import policies without any adjustment for a lower or greater did availability. A shortfall in aid commitments could result in an even lower level of imports than this. ,L Based on the Government's present expectations. ,/ Includes $ 25 million for disbursements from new project aid cormaitments during the year (See Anex 1 to Chapter 10). h/ Includes $ 202 million for disbursements from new non-project aid commitments recommended in Chapter 10 (See Annex 1 to Chapter 10). Note : Trade figures are obtained from Customs Data, and debt service and aid figuces from the Ministry of Finance. As noted in the text of the report, the Government believes that total imports in 1969/70 were under-recorded by $ 90 million; the figures in the table accordingly include a corresponding upward adjustment in the customs data. This presentation of the balance of Payments is consistent with that used in our last report, but differs materially from the balance of payments estimates pre3ared by the Reserve Bank, and also from the adjusted balance of payments presented by the Government in its Economic Sy.  TABLE 3.1i4a PROJECT AID - AUTHORIZATION AND UTILIZATION (1969/70) (US 4 Million) Name of Country/ Undrawn Agreements Total Total OF WHICHt Institution Amount signed Available Utilization Disbursement Disbursement Balance as on as on during during of aid committed of aid committed 1/4/70 1/4/69 1969_70 1969-70 before the during the year beginning of the year (2 + 3) (6 +7) ( 4 - 5) 1. 2. 3. 4. 5. 6. 7- 8. A. CONSORTIllM MEBERS 1. Austbia 0.40 _ 0.40 0.10 0.10 - 0.30 2. Belgium 23.09 - 23.09 1.34 1.34 21.75 3. Canada 67.37 37.00 104.37 13.98 13.98 - 90.39 4. Denmark 0.31 - 0.31 .6 o.o6 - 0.25 5. France 85.57 13.50 99.07 31.23 31.23 - 67.84 6. West Germany 107.09 15.03 122.12 23.25 23.25 98.87 7. Italy 77.81 16.00 93.81 29 29.41 64.40 8. Japan 22.76 _ 22.76 16.73 16.73 6.03 9. Netherlands 13.19 - 13.19 1.38 1.38 11.81 10. Sweden 17.39 - 17.39 1.24 1.24 16.15 11. U.K. 59.88 28.80 88.68 9.47 9-47 79.21 12. USA 154.06 58.00 192.06 37.03 37-.3 155.03 13. IDA 19.72 117.50 137.22 15.35 4.61 10.74 121.87 14. IBRD 118.72 40.50 159.22 27.81 27.81 - 131.41 Total-A 767.36 306.33 1,073.69 197.64 10.74 865.31 B. NON-CONSORTIUM WEST EUROPEAN COUNTRIES 1. Norway 2.00 - 2.00 - - 2.00 2. Switzerland 18.19 _ 18.19 2.67 2.67 15*52 Total-B 20.19 - 20.19 2.67 2.67 _ 17.52 TOTAL (A+B) 787.55 306.33 22L C3L8 211.05 200.31 10.74 882.83 C. USSR AND OTHER EAST SUROPEAN COUNTRIES 1. USSR 583.63 - 583.63 65.86 65.86 _ 517-77 2. Czechoslovakia 46.49 - 46-49 5.57 5.57 - 40.92 3. Poland 52.92 - 52.92 10.90 10.90 _ 42.02 4. Yugoslavia 69.31 - 69.31 13.28 13.28 _ 56.03 5. Hungary 33.32 - 33.32 5 5 . 33532 6. Bulgaria 14.80 - 14.80 0.25 0.25 14.55 Total-C 800.47 - 800.A 95.86 95.86 - 70.61 TOTAL (A+B+C) 1,588.02 1,894. 306.91 296.17 10.74 1, S 87.44 Sources Government of India  TABLE 3.14b NON-PROJECT AID - AUTHORIZATION AND UTILIZATION (1969/70) (Us 3 Million) Naine of Country/ Undraam Agreements Total Total OF WHICHO Institution Amount signed Available Utilization Disbursement Disbursement Balanoe as on as on during during of aid committed of aid oommitted 1/4/70 1/4/69 1969-70 1969-70 before the during the year beginning of the year (2 + 3) (6 + 7) (4 -5) 1. 2. 3. 4. 5. 6. 7. 8. 1. Austria 3.02 1.58 4.60 3.52 1.94 1.58 1.08 2. Belgium 1-52 3.00 4.52 2.58 1.48 1.10 1.94 3. Canada 51.27 28.94 80.21 38.57 28.70 9.87 41.64 4. Denmark 7.51 - 7.51 1.56 1.56 _ 5.95 5. France 27.18 14.00 41.18 13.07 13.07 _ 28.11 6. Germany 46.99 52.38 99.37 58.49 28.96 29.53 40.88 7. Italy 29.55 7.35 36.90 5.01 5.01 31.89 8. Japan 35.74 45.00 80-74 43.68 24.12 19.56 37.06 9. Netherlands 18.40 11.65 30.05 10.76 10.16 o.60 19.29 10. Sweden - - - 11. UK 47.35 102.00 149.35 98.65 21.29 77.36 50.70 12. USA 387.63 168.73 556.36 210.43 201.70 8.73 345.93 13. IDA 96.20 75.00 171.20 96.20 96.20 75.00 14. IBRD - 15.00 15.00 15.00 _ 15.00 TOTAL 752.36 524.63 1,276.99 597.52 434.19 163.33 679.47 Source, Government of India  TABLE 3.14c PROJECT AID - ESTIMATED AUTHORIZATION AND UTILIZATION (19Tf70iL (US $ Million) Name of Country/ Undrawn Agreements Total Total OF WHICH: Institution Amount signed Available Utilization Elsbursement - oisbursemen- Balance as on as on during during of aid committed of aid committed 1/4/71 1/4/70 1970/73 1970/71 bafore the during the year beginning of the year (2 +3) (6+7) (4 -5) 1. ~~ ~ ~~~2. 3. 4. 5- 6. 7. B. A. CONSORTIUM YERIBERS 1. Austria 0.30 - 0.30 0.05 0.05 - 0.25 2. Belgium 21.75 10.001/ 31.75 1.30 1.30 5 30.45 3. Canada 90.39 5.55- 95.94 22.09 22.09 _ 73-85 4. Denmark 0.25 _ 0.25 0.23 0.23 - 0.02 5. France 67.84 13.50 81.34 10.83 10.83 _ 70.51 6. West Germany 98.87 20.49 19.36 18.21 18.21 101.15 7. Italy 64.40 8.00 72.40 1.50 1.50 - 70.90 8. Japan 6.03 22.4O" 28.43 1.81 1.81 - 26.62 9. Netherlands 11.81 _ 11,81 1.40 1.40 _ 10.41 10. Sweden 16.15 16.43 / 32.58 6.24 6.24 _ 26.34 11. U.K. 79.21 45.603 124.81 21.05 19.61 1.44 103 .76 12. USA 155.05 29.47 184.52 56.87 54.20 2.67 127.63 13. IDA 121.87 92.90 214.77 15.52 13.52 2.00 199.25 14. IBRD 131.41 40.00 171.41 77.91 73.91 4.00 93.50 TOTAL-A 865.31 304-34 1,169.65 235-01 224.90 10.11 934-64 B. NON-CONSORTIUM WEST EUROPEAN COUNTRIES 1. Norway 2.00 - 2.00 _ 2.00 2. Switzerland 15-52 - 15.52 5-07 5-07 10.45 TOTAL-B 17.52 . 17.52 5.07 5-07 * 12.45 _OTAL (A+B) 882.83 30 187.17 240.08 229.97 10.11 947- 09 C. USSR AND OTHER EAST EUROPEAN COUNTRIES 1. USSR 517.77 _ 517.77 69.88 69.88 - 447.89 2. Czechoslovakia 40.92 _ 40.92 3.75 3-75 37-17 3. Poland 42.02 42.02 1.83 1.83 40.19 4. Yugoslavia 56.03 - 56.03 6.o9 6.09 49-94 5. Hungary 33.32 - 33.32 2.50 2.50 30.82 6. Bulgaria 14.55 14-55 0.97 0z97 13.58 TOTAL-C 704.61 - 704.61 85.02 85.02 619.59 TOTAL (A+B+C) 1,587.44 304.54 1,891.78 325.10 314.99 10.11 1. 566.68 j/ Excludes g 1.85 under RAPP-I Supplementary Agreement signed on 22.5.70, since this amount had been shown with original agreement signed on 27.4.64. i/ Includes agreement for g 15.4 million, which was expected to be signed before March 31, 1971. Excludes replacement of $ 7.44 from Durgapur Loan of 25.5.62 by new loan of this amount on 24.9.70. Sources Government of India  TABLE 3.14d NON-PROJECT AID - ESTIMATED AUTHORIZATION AID UTILIZATION (1970/71) (US $ Million) OF WHICH: Name of Country/ Undrawn Agreements Total Total Institution Amount singed Available Utilization Disbursement Disbursement Balance as on as on during during of aid committed of aid committed 1/4/71 1/4/70 1970/71 1970/71 before the during the year beginning of the year (2 +3) (6 +7) (4 -5) 1. 2. 3. 4. 5. 6. 7- 8. 1. Austria 1.08 2.00 3.08 2.87 0.87 2.00 0.21 2. Belgium 1.94 3.50 5-44 2-44 1.34 1.10 3.00 3. Canada 41.64 28.49 70.13 42.70 29.94 12.76 27-43 4. Denmark 5.95 - 5.95 1-44 1-44 - 4-51 5. France 28.11 14.90 43.01 21.08 16.08 5.00 21.93 6. Germany 40.88 53.28 94.16 56.81 25.93 30.88 37-35 7. Italy 31.89 7.35 39.24 7-55 7-55 - 31.69 8. Japan 37.06 45.00 82.06 42-73 17-33 25.40 39.33 9. Netherlands 19.29 11.75 31.04 12.37 11.67 0.70 18.67 10. Sweden - 7-73 7-73 7.73 11. UK 50