| (US$ million) | | | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 (P) | | 1 | 2 | 3 | 4 | 5 | 6 | | A. CURRENT ACCOUNT | | | | | | | 1 Exports, f.o.b. | 3,37,237 | 3,20,431 | 2,96,300 | 4,29,164 | 3,40,322 | | 2 Imports, c.i.f. | 5,17,519 | 4,77,937 | 3,98,452 | 6,18,623 | 5,54,341 | | 3 Trade Balance | -1,80,283 | -1,57,506 | -1,02,152 | -1,89,459 | -2,14,018 | | 4 Invisibles, Net | 1,23,026 | 1,32,850 | 1,26,065 | 1,50,694 | 1,46,937 | | a) ‘Non-factor’ Services of which : | 81,941 | 84,922 | 88,565 | 1,07,516 | 1,04,218 | | Software Services | 77,654 | 84,643 | 89,741 | 1,09,540 | 96,914 | | b) Income | -28,861 | -27,281 | -35,960 | -37,269 | -33,395 | | c) Private Transfers | 70,601 | 76,217 | 74,439 | 81,230 | 76,696 | | 5 Current Account Balance | -57,256 | -24,656 | 23,912 | -38,766 | -67,081 | | B. CAPITAL ACCOUNT | | | | | | | 1 Foreign Investment, Net (a+b) | 30,094 | 44,417 | 80,092 | 21,809 | 18,190 | | a) Direct Investment | 30,712 | 43,013 | 43,955 | 38,587 | 21,678 | | b) Portfolio Investment | -618 | 1,403 | 36,137 | -16,777 | -3,488 | | 2 External Assistance, Net | 3,413 | 3,751 | 11,167 | 5,366 | 3,803 | | 3 Commercial Borrowings, Net | 10,416 | 22,960 | -134 | 8,135 | -5,584 | | 4 Short Term Credit, Net | 2,021 | -1,026 | -4,130 | 20,105 | 8,123 | | 5 Banking Capital, of which: | 7,433 | -5,315 | -21,067 | 6,669 | 25,030 | | NRI Deposits, Net | 10,387 | 8,627 | 7,364 | 3,234 | 5,408 | | 6 Rupee Debt Service | -31 | -69 | -64 | -71 | -61 | | 7 Other Capital, Net& | 1,057 | 18,462 | -2,143 | 23,794 | 3,994 | | 8 Total Capital Account | 54,403 | 83,180 | 63,721 | 85,807 | 53,495 | | C. Errors & Omissions | -486 | 974 | -347 | 459 | -1,129 | | D. Overall Balance [A(5)+B(8)+C] | -3,339 | 59,498 | 87,286 | 47,501 | -14,715 | | E. Monetary Movements (F+G) | 3,339 | -59,498 | -87,286 | -47,501 | 14,715 | | F. IMF, Net | 0 | 0 | 0 | 0 | 0 | | G. Reserves and Monetary Gold (Increase -, Decrease +) | 3,339 | -59,498 | -87,286 | -47,501 | 14,715 | | of which : SDR Allocation | 0 | 0 | 0 | -17,862 | 0 | | Memo: As a ratio to GDP | | | | | | | 1 Trade Balance | -6.7 | -5.6 | -3.8 | -6.0 | -8.5 | | 2 Net Services | 3.0 | 3.0 | 3.3 | 3.4 | 4.1 | | 3 Net Income | -1.1 | -1.0 | -1.3 | -1.2 | -1.3 | | 4 Current Account Balance | -2.1 | -0.9 | 0.9 | -1.2 | -2.7 | | 5 Capital Account, Net | 2.0 | 2.9 | 2.4 | 2.7 | 2.1 | | 6 Foreign Investment, Net | 1.1 | 1.6 | 3.0 | 0.7 | 0.7 | P : Data are provisional and pertain to April-December 2022.
& : 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. | |