| (US $ Million) | | Item | Jan-Mar 2014 (PR) | Jan-Mar 2015 (P) | | Credit | Debit | Net | Credit | Debit | Net | | 1 | 2 | 3 | 4 | 5 | 6 | | 1 Current Account (1.A+1.B+1.C) | 144,379 | 145,589 | –1,210 | 131,368 | 132,653 | –1,286 | | 1.A Goods and Services (1.A.a+1.A.b) | 124,306 | 135,368 | –11,063 | 110,609 | 122,928 | –12,319 | | 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 83,660 | 114,328 | –30,668 | 70,768 | 102,493 | –31,725 | | 1.A.a.1 General merchandise on a BOP basis | 83,660 | 109,004 | –25,344 | 70,768 | 93,955 | –23,187 | | 1.A.a.2 Net exports of goods under merchanting | – | – | – | – | – | – | | 1.A.a.3 Nonmonetary gold | – | 5,324 | –5,324 | – | 8,538 | –8,538 | | 1.A.b Services (1.A.b.1 to 1.A.b.13) | 40,645 | 21,040 | 19,605 | 39,841 | 20,436 | 19,406 | | 1.A.b.1 Manufacturing services on physical inputs owned by others | 112 | 7 | 105 | 23 | 8 | 15 | | 1.A.b.2 Maintenance and repair services n.i.e. | 49 | 59 | –10 | 37 | 68 | –31 | | 1.A.b.3 Transport | 4,977 | 4,215 | 763 | 3,827 | 4,011 | –184 | | 1.A.b.4 Travel | 5,014 | 2,959 | 2,056 | 5,648 | 3,669 | 1,979 | | 1.A.b.5 Construction | 420 | 296 | 124 | 420 | 315 | 105 | | 1.A.b.6 Insurance and pension services | 582 | 278 | 304 | 498 | 239 | 258 | | 1.A.b.7 Financial services | 1,367 | 1,113 | 254 | 1,383 | 577 | 805 | | 1.A.b.8 Charges for the use of intellectual property n.i.e. | 204 | 1,235 | –1,030 | 74 | 1,206 | –1,131 | | 1.A.b.9 Telecommunications, computer, and information services | 19,232 | 1,138 | 18,095 | 19,798 | 914 | 18,885 | | 1.A.b.10 Other business services | 6,853 | 6,721 | 132 | 7,072 | 7,490 | –419 | | 1.A.b.11 Personal, cultural, and recreational services | 353 | 249 | 104 | 279 | 299 | –20 | | 1.A.b.12 Government goods and services n.i.e. | 154 | 234 | –81 | 115 | 237 | –122 | | 1.A.b.13 Others n.i.e. | 1,328 | 2,536 | –1,208 | 668 | 1,402 | –734 | | 1.B Primary Income (1.B.1 to 1.B.3) | 2,757 | 9,187 | –6,430 | 3,231 | 8,829 | –5,599 | | 1.B.1 Compensation of employees | 918 | 835 | 84 | 919 | 693 | 226 | | 1.B.2 Investment income | 1,522 | 8,187 | –6,665 | 1,761 | 7,784 | –6,023 | | 1.B.2.1 Direct investment | 474 | 3,551 | –3,077 | 735 | 3,055 | –2,320 | | 1.B.2.2 Portfolio investment | 95 | 1,520 | –1,425 | 28 | 1,635 | –1,607 | | 1.B.2.3 Other investment | 129 | 3,115 | –2,986 | 166 | 3,093 | –2,927 | | 1.B.2.4 Reserve assets | 824 | 2 | 823 | 832 | 1 | 831 | | 1.B.3 Other primary income | 317 | 166 | 151 | 550 | 352 | 198 | | 1.C Secondary Income (1.C.1+1.C.2) | 17,316 | 1,033 | 16,283 | 17,528 | 896 | 16,632 | | 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 17,209 | 1,010 | 16,199 | 17,500 | 891 | 16,609 | | 1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) | 16,464 | 930 | 15,534 | 16,963 | 804 | 16,159 | | 1.C.1.2 Other current transfers | 746 | 80 | 666 | 536 | 86 | 450 | | 1.C.2 General government | 107 | 23 | 84 | 29 | 5 | 23 | | 2 Capital Account (2.1+2.2) | 175 | 328 | –153 | 98 | 310 | –213 | | 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 40 | 26 | 14 | 7 | 20 | –13 | | 2.2 Capital transfers | 135 | 301 | –167 | 91 | 290 | –199 | | 3 Financial Account (3.1 to 3.5) | 126,891 | 124,779 | 2,111 | 149,149 | 148,614 | 535 | | 3.1 Direct Investment (3.1A+3.1B) | 12,384 | 11,475 | 910 | 15,699 | 6,083 | 9,616 | | 3.1.A Direct Investment in India | 10,945 | 1,164 | 9,781 | 13,982 | 3,646 | 10,336 | | 3.1.A.1 Equity and investment fund shares | 10,465 | 1,083 | 9,382 | 12,609 | 3,574 | 9,035 | | 3.1.A.1.1 Equity other than reinvestment of earnings | 8,008 | 1,083 | 6,925 | 10,152 | 3,574 | 6,578 | | 3.1.A.1.2 Reinvestment of earnings | 2,457 | – | 2,457 | 2,457 | – | 2,457 | | 3.1.A.2 Debt instruments | 480 | 80 | 400 | 1,373 | 72 | 1,301 | | 3.1.A.2.1 Direct investor in direct investment enterprises | 480 | 80 | 400 | 1,373 | 72 | 1,301 | | 3.1.B Direct Investment by India | 1,440 | 10,311 | –8,872 | 1,717 | 2,437 | –720 | | 3.1.B.1 Equity and investment fund shares | 1,440 | 9,609 | –8,169 | 1,717 | 1,527 | 190 | | 3.1.B.1.1 Equity other than reinvestment of earnings | 1,440 | 9,312 | –7,872 | 1,717 | 1,268 | 449 | | 3.1.B.1.2 Reinvestment of earnings | – | 297 | –297 | – | 260 | –260 | | 3.1.B.2 Debt instruments | – | 703 | –703 | – | 910 | –910 | | 3.1.B.2.1 Direct investor in direct investment enterprises | – | 703 | –703 | – | 910 | –910 | | 3.2 Portfolio Investment | 54,116 | 44,858 | 9,258 | 67,471 | 55,019 | 12,452 | | 3.2.A Portfolio Investment in India | 54,005 | 44,484 | 9,521 | 67,272 | 54,837 | 12,436 | | 3.2.1 Equity and investment fund shares | 37,244 | 33,980 | 3,264 | 53,992 | 48,344 | 5,648 | | 3.2.2 Debt securities | 16,761 | 10,504 | 6,257 | 13,280 | 6,493 | 6,788 | | 3.2.B Portfolio Investment by India | 111 | 374 | –263 | 198 | 182 | 16 | | 3.3 Financial derivatives (other than reserves) and employee stock options | 4,811 | 1,460 | 3,351 | 2,220 | 4,642 | –2,422 | | 3.4 Other investment | 55,578 | 59,879 | –4,301 | 63,759 | 52,720 | 11,038 | | 3.4.1 Other equity (ADRs/GDRs) | – | – | – | – | – | – | | 3.4.2 Currency and deposits | 16,551 | 12,641 | 3,910 | 18,055 | 12,866 | 5,189 | | 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 165 | – | 165 | 1,189 | – | 1,189 | | 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 16,386 | 12,641 | 3,745 | 16,866 | 12,866 | 4,000 | | 3.4.2.3 General government | – | – | – | – | – | – | | 3.4.2.4 Other sectors | – | – | – | – | – | – | | 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 16,230 | 15,883 | 346 | 14,071 | 15,069 | –999 | | 3.4.3.A Loans to India | 15,692 | 15,499 | 193 | 13,668 | 14,921 | –1,254 | | 3.4.3.B Loans by India | 537 | 384 | 153 | 403 | 148 | 255 | | 3.4.4 Insurance, pension, and standardized guarantee schemes | 165 | 47 | 118 | 54 | 54 | –0 | | 3.4.5 Trade credit and advances | 19,547 | 24,021 | –4,474 | 25,621 | 23,829 | 1,792 | | 3.4.6 Other accounts receivable/payable - other | 3,086 | 7,287 | –4,201 | 5,958 | 902 | 5,057 | | 3.4.7 Special drawing rights | – | – | – | – | – | – | | 3.5 Reserve assets | – | 7,106 | –7,106 | – | 30,149 | –30,149 | | 3.5.1 Monetary gold | – | – | – | – | – | – | | 3.5.2 Special drawing rights n.a. | – | – | – | – | – | – | | 3.5.3 Reserve position in the IMF n.a. | – | – | – | – | – | – | | 3.5.4 Other reserve assets (Foreign Currency Assets) | – | 7,106 | –7,106 | – | 30,149 | –30,149 | | 4 Total assets/liabilities | 126,891 | 124,779 | 2,111 | 149,149 | 148,614 | 535 | | 4.1 Equity and investment fund shares | 54,236 | 46,553 | 7,683 | 70,790 | 58,324 | 12,466 | | 4.2 Debt instruments | 69,568 | 63,832 | 5,736 | 72,400 | 59,239 | 13,161 | | 4.3 Other financial assets and liabilities | 3,086 | 14,394 | –11,308 | 5,958 | 31,051 | –25,093 | | 5 Net errors and omissions | – | 749 | –749 | 963 | – | 963 | | Note: Explanatory notes on these tables are available in December issue of RBI Bulletin, 2012. | 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