| (US$ million) | | | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 P | | 1 | 2 | 3 | 4 | 5 | 6 | | A. CURRENT ACCOUNT | | | | | | | 1. Exports, f.o.b. | 316,545 | 266,365 | 280,138 | 308,970 | 337,237 | | 2. Imports, c.i.f. | 461,484 | 396,444 | 392,580 | 469,006 | 517,519 | | 3. Trade Balance | -144,940 | -130,079 | -112,442 | -160,036 | -180,283 | | 4. Invisibles, Net | 118,081 | 107,928 | 98,026 | 111,319 | 123,026 | | a) ‘Non-Factor’ Services of which : | 76,529 | 69,676 | 68,345 | 77,562 | 81,941 | | Software Services | 70,400 | 71,454 | 70,763 | 72,186 | 77,654 | | b) Income | -24,140 | -24,375 | -26,302 | -28,681 | -28,861 | | c) Private Transfers | 66,264 | 63,139 | 56,573 | 62,949 | 70,601 | | 5. Current Account Balance | -26,859 | -22,151 | -14,417 | -48,717 | -57,256 | | B. CAPITAL ACCOUNT | | | | | | | 1. Foreign Investment, Net (a+b) | 73,456 | 31,891 | 43,224 | 52,401 | 30,094 | | a) Direct Investment | 31,251 | 36,021 | 35,612 | 30,286 | 30,712 | | b) Portfolio Investment | 42,205 | -4,130 | 7,612 | 22,115 | -618 | | 2. External Assistance, Net | 1,725 | 1,505 | 2,013 | 2,944 | 3,413 | | 3. Commercial Borrowings, Net | 1,570 | -4,529 | -6,102 | -183 | 10,416 | | 4. Short Term Credit, Net | -111 | -1,610 | 6,467 | 13,900 | 2,021 | | 5. Banking Capital of which : | 11,618 | 10,630 | -16,616 | 16,190 | 7,433 | | NRI Deposits, Net | 14,057 | 16,052 | -12,367 | 9,676 | 10,387 | | 6. Rupee Debt Service | -81 | -73 | -99 | -75 | -31 | | 7. Other Capital, Net$ | 1,109 | 3,315 | 7,559 | 6,213 | 1,057 | | 8. Total Capital Account | 89,286 | 41,128 | 36,447 | 91,390 | 54,403 | | C. Errors & Omissions | -1,021 | -1,073 | -480 | 902 | -486 | | D. Overall Balance [A(5)+B(8)+C] | 61,406 | 17,905 | 21,550 | 43,574 | -3,339 | | E. Monetary Movements (F+G) | -61,406 | -17,905 | -21,550 | -43,574 | 3,339 | | F. IMF, Net | 0 | 0 | 0 | 0 | 0 | | G. Reserves and Monetary Gold (Increase -, Decrease +) | -61,406 | -17,905 | -21,550 | -43,574 | 3,339 | | of which : SDR allocation | 0 | 0 | 0 | 0 | 0 | | Memo: As a ratio to GDP | | | | | | | 1. Trade Balance | -7.1 | -6.2 | -4.9 | -6.0 | -6.6 | | 2. Net Services | 3.8 | 3.3 | 3.0 | 2.9 | 3.0 | | 3. Net Income | -1.2 | -1.2 | -1.1 | -1.1 | -1.1 | | 4. Current Account Balance | -1.3 | -1.1 | -0.6 | -1.8 | -2.1 | | 5. Capital Net | 4.4 | 2.0 | 1.6 | 3.4 | 2.0 | | 6. Foreign Investment, Net | 3.6 | 1.5 | 1.9 | 2.0 | 1.1 | 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.
Source: RBI. | |