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Annual Report


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Date : May 27, 2021
India’s Overall Balance of Payments
(US$ million)
  2016-17 2017-18 2018-19 2019-20 2020-21*
1 2 3 4 5 6
A. CURRENT ACCOUNT          
1 Exports, f.o.b. 2,80,138 3,08,970 3,37,237 3,20,431 2,05,174
2 Imports, c.i.f. 3,92,580 4,69,006 5,17,519 4,77,937 2,65,378
3 Trade Balance -1,12,442 -1,60,036 -1,80,283 -1,57,506 -60,204
4 Invisibles, Net 98,026 1,11,319 1,23,026 1,32,850 92,554
a) ‘Non-Factor’ Services of which : 68,345 77,562 81,941 84,922 64,996
Software Services 70,763 72,186 77,654 84,643 66,171
b) Income -26,302 -28,681 -28,861 -27,281 -27,060
c) Private Transfers 56,573 62,949 70,601 76,217 55,331
5 Current Account Balance -14,417 -48,717 -57,256 -24,656 32,350
B. CAPITAL ACCOUNT          
1 Foreign Investment, Net (a+b) 43,224 52,401 30,094 44,417 69,676
a) Direct Investment 35,612 30,286 30,712 43,013 40,819
b) Portfolio Investment 7,612 22,115 -618 1,403 28,857
2 External Assistance, Net 2,013 2,944 3,413 3,751 7,174
3 Commercial Borrowings, Net -6,102 -183 10416 22,960 -6,362
4 Short Term Credit, Net 6,467 13,900 2,021 -1,026 -1,784
5 Banking Capital of which : -16,616 16,190 7,433 -5,315 -16,642
NRI Deposits, Net -12,367 9,676 10,387 8,627 7,903
6 Rupee Debt Service -99 -75 -31 -69 -57
7 Other Capital, Net$ 7,559 6,213 1,057 18,462 -1,151
8 Total Capital Account 36,447 91,390 54,403 83,180 50,854
C. Errors & Omissions -480 902 -486 974 693
D. Overall Balance [A(5)+B(8)+C] 21,550 43,574 -3,339 59,498 83,897
E. Monetary Movements (F+G) -21,550 -43,574 3,339 -59,498 -83,897
F. IMF, Net 0 0 0 0 0
G. Reserves and Monetary Gold (Increase -, Decrease +) -21,550 -43,574 3,339 -59,498 -83,897
of which: SDR allocation 0 0 0 0 0
Memo: As a ratio to GDP          
1 Trade Balance -4.9 -6.0 -6.7 -5.5 -3.2
2 Net Services 3.0 2.9 3.0 3.0 3.4
3 Net Income -1.1 -1.1 -1.1 -1.0 -1.4
4 Current Account Balance -0.6 -1.8 -2.1 -0.9 1.7
5 Capital Account, Net 1.6 3.4 2.0 2.9 2.7
6 Foreign Investment, Net 1.9 2.0 1.1 1.5 3.7
* : Data in Column 6 are provisional and pertains to April-December 2020.
$ : 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.

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