| (US$ million) | | | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 (P) | | 1 | 2 | 3 | 4 | 5 | 6 | | A CURRENT ACCOUNT | | | | | | | 1 Exports, f.oI.b. | 320,431 | 296,300 | 429,164 | 456,073 | 319,861 | | 2 Imports, c.i.f. | 477,937 | 398,452 | 618,623 | 721,364 | 512,693 | | 3 Trade Balance | -157,506 | -102,152 | -189,459 | -265,291 | -192,832 | | 4 Invisibles, Net | 132,850 | 126,065 | 150,694 | 198,236 | 161,773 | | a) ‘Non-factor’ Services of which : | 84,922 | 88,565 | 107,516 | 143,283 | 120,082 | | Software Services | 84,643 | 89,741 | 109,540 | 131,284 | 105,432 | | b) Income | -27,281 | -35,960 | -37,269 | -45,923 | -35,376 | | c) Private Transfers | 76,217 | 74,439 | 81,230 | 101,776 | 77,681 | | 5 Current Account Balance | -24,656 | 23,912 | -38,766 | -67,055 | -31,059 | | B. CAPITAL ACCOUNT | | | | | | | 1 Foreign Investment, Net (a+b) | 44,417 | 80,092 | 21,809 | 22,834 | 41,173 | | a) Direct Investment | 43,013 | 43,955 | 38,587 | 27,986 | 8,483 | | b) Portfolio Investment | 1403 | 36,137 | -16,777 | -5,152 | 32,690 | | 2 External Assistance, Net | 3,751 | 11,167 | 5,366 | 5,521 | 5,435 | | 3 Commercial Borrowings, Net | 22,960 | -134 | 8135 | -3,790 | -1,560 | | 4 Short Term Credit, Net | -1,026 | -4,130 | 20,105 | 6,539 | -1,821 | | 5 Banking Capital of which : | -5,315 | -21,067 | 6,669 | 20,980 | 33,631 | | NRI Deposits, Net | 8,627 | 7,364 | 3,234 | 8,989 | 9,338 | | 6 Rupee Debt Service | -69 | -64 | -71 | -68 | -65 | | 7 Other Capital, Net& | 18,462 | -2,143 | 23,794 | 6,928 | -12,075 | | 8 Total Capital Account | 83,180 | 63,721 | 85,807 | 58,943 | 64,718 | | C. Errors & Omissions | 974 | -347 | 459 | -1024 | -711 | | D. Overall Balance [A(5)+B(8)+C] | 59,498 | 87,286 | 47,501 | -9,135 | 32,948 | | E. Monetary Movements (F+G) | -59,498 | -87,286 | -47,501 | 9,135 | -32,948 | | F. IMF, Net | 0 | 0 | 0 | 0 | 0 | | G. Reserves and Monetary Gold (Increase -, Decrease +) | -59,498 | -87,286 | -47,501 | 9,135 | -32,948 | | of which : SDR Allocation | 0 | 0 | -17,862 | 0 | 0 | | Memo: As a ratio to GDP | | | | | | | 1 Trade Balance | -5.6 | -3.8 | -6.0 | -7.9 | -7.4 | | 2 Net Services | 3.0 | 3.3 | 3.4 | 4.3 | 4.6 | | 3 Net Income | -1.0 | -1.3 | -1.2 | -1.4 | -1.3 | | 4 Current Account Balance | -0.9 | 0.9 | -1.2 | -2.0 | -1.2 | | 5 Capital Account, Net | 2.9 | 2.4 | 2.7 | 1.8 | 2.5 | | 6 Foreign Investment, Net | 1.6 | 3.0 | 0.7 | 0.7 | 1.6 | P : Data are provisional and pertain to April-December 2023.
& : 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 transferreceipts.
2. Data on exports and imports differ from those given by DGCI&S on account of differences in coverage, valuation, and timing.
Source: RBI. |
Index |