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Annual Report


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Date : Aug 29, 2016
India’s Overall Balance of Payments
(US $ million)
  2011-12 2012-13 2013-14 PR 2014-15 PR 2015-16 P
1 2 3 4 5 6
A. CURRENT ACCOUNT          
1 Exports, f.o.b. 309,774 306,581 318,607 316,545 266,365
2 Imports, c.i.f. 499,533 502,237 466,216 461,484 396,444
3 Trade Balance -189,759 -195,656 -147,609 -144,940 -130,079
4 Invisibles, Net 111,604 107,493 115,313 118,081 107,928
a) ‘Non-Factor’ Services of which : 64,098 64,915 73,066 76,529 69,676
Software Services 60,957 63,504 67,002 70,400 71,454
b) Income -15,988 -21,455 -23,028 -24,140 -24,375
c) Private Transfers 63,469 64,342 65,481 66,264 63,139
5 Current Account Balance -78,155 -88,163 -32,296 -26,859 -22,151
B. CAPITAL ACCOUNT          
1  Foreign Investment, Net (a+b) 39,231 46,711 26,386 73,456 31,891
a) Direct Investment 22,061 19,819 21,564 31,251 36,021
b) Portfolio Investment 17,170 26,891 4,822 42,205 -4,130
2 External Assistance, Net 2,296 982 1,032 1,725 1,505
3 Commercial Borrowings, Net 10,344 8,485 11,777 1,570 -4,529
4 Short Term Credit, Net 6,668 21,657 -5,044 -111 -1,610
5 Banking Capital of which : 16,226 16,570 25,449 11,618 10,630
NRI Deposits, Net 11,918 14,842 38,892 14,057 16,052
6 Rupee Debt Service -79 -58 -52 -81 -73
7 Other Capital, Net* -6,929 -5,047 -10,761 1,109 3,315
8 Total Capital Account 67,755 89,300 48,787 89,286 41,128
C. Errors & Omissions -2,432 2,689 -983 -1,021 -1,073
D. Overall Balance [A(5)+B(8)+C] -12,831 3,826 15,508 61,406 17,905
E. Monetary Movements (F+G) 12,831 -3,826 -15,508 -61,406 -17,905
F. IMF, Net          
G. Reserves and Monetary Gold (Increase -, Decrease +) of which : SDR allocation 12,831 -3,826 -15,508 -61,406 -17,905
Memo: As a ratio to GDP          
1 Trade Balance -10.4 -10.7 -7.9 -7.1 -6.3
2 Net Services 3.5 3.5 3.9 3.7 3.4
3 Net Income -0.9 -1.2 -1.2 -1.2 -1.2
4 Current Account Balance -4.2 -4.8 -1.7 -1.3 -1.1
5 Capital Net (Excld. changes in reserves) 3.7 4.9 2.6 4.4 2.0
6 Foreign Investment, Net 2.2 2.6 1.4 3.6 1.5
PR: Partially Revised.   P: Provisional.
* : Includes delayed export receipts, advance payments against imports, net funds held abroad and advances received pending issue of shares under FDI.
Note: 1. Gold and silver brought by returning Indians have been included under imports, with a contra entry in private transfer receipts.
2. Data on exports and imports differ from those given by DGCI&S on account of differences in coverage, valuation and timing.

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