| (₹ Crore) |
| Item/Year | 2020-21 | 2021-22 | 2022-23 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| A. Current account | | | | | | | | | |
| 1. Merchandise | 2193253 | 2946318 | -753065 | 3199115 | 4613049 | -1413934 | 3661287 | 5791926 | -2130639 |
| 2. Invisibles (a+b+c) | 2278625 | 1343490 | 935135 | 2755292 | 1632174 | 1123118 | 3748234 | 2152369 | 1595865 |
| a) Services | 1528236 | 871336 | 656900 | 1897558 | 1096248 | 801311 | 2617435 | 1463226 | 1154209 |
| i) Travel | 62900 | 85360 | -22460 | 67899 | 121416 | -53517 | 218653 | 228915 | -10262 |
| ii) Transportation | 162013 | 146410 | 15603 | 243582 | 267395 | -23813 | 289500 | 325303 | -35803 |
| iii) Insurance | 17625 | 15246 | 2379 | 24719 | 15468 | 9251 | 26306 | 18900 | 7407 |
| iv) G.n.i.e. | 4672 | 7594 | -2923 | 5976 | 7217 | -1241 | 5483 | 8189 | -2706 |
| v) Miscellaneous | 1281026 | 616725 | 664301 | 1555383 | 684752 | 870630 | 2077494 | 881920 | 1195573 |
| of which: Software services | 741557 | 75926 | 665631 | 910096 | 93615 | 816481 | 1180770 | 124617 | 1056154 |
| Business services | 364553 | 367352 | -2800 | 439668 | 385257 | 54411 | 647132 | 480372 | 166760 |
| Financial services | 32166 | 35301 | -3135 | 40805 | 41900 | -1096 | 62910 | 45789 | 17121 |
| Communication services | 20791 | 10661 | 10130 | 23369 | 8416 | 14953 | 41789 | 27513 | 14276 |
| b) Transfers | 595789 | 50867 | 544922 | 665791 | 66175 | 599616 | 906560 | 94597 | 811963 |
| i) Official | 1061 | 8327 | -7266 | 1456 | 7284 | -5828 | 1326 | 8575 | -7249 |
| ii) Private | 594728 | 42540 | 552188 | 664334 | 58891 | 605444 | 905234 | 86022 | 819212 |
| c) Income | 154600 | 421288 | -266687 | 191943 | 469751 | -277808 | 224239 | 594546 | -370307 |
| i) Investment income | 110143 | 400495 | -290352 | 144554 | 446919 | -302365 | 170130 | 567019 | -396889 |
| ii) Compensation of employees | 44457 | 20793 | 23664 | 47390 | 22832 | 24557 | 54109 | 27526 | 26582 |
| Total Current account (1+2) | 4471878 | 4289808 | 182070 | 5954407 | 6245223 | -290816 | 7409521 | 7944295 | -534774 |
| B. Capital account | | | | | | | | | |
| 1. Foreign investment (a+b) | 2962726 | 2370869 | 591856 | 3561413 | 3400485 | 160928 | 3088781 | 2903490 | 185291 |
| a) Foreign direct investment (i+ii) | 639521 | 314139 | 325382 | 657396 | 369930 | 287467 | 602635 | 380751 | 221884 |
| i) In India | 607771 | 201006 | 406765 | 632047 | 213284 | 418763 | 571322 | 236307 | 335015 |
| Equity | 452767 | 200543 | 252224 | 444457 | 202679 | 241778 | 380273 | 218140 | 162134 |
| Reinvested earnings | 125600 | 0 | 125600 | 144219 | 0 | 144219 | 153752 | 0 | 153752 |
| Other capital | 29404 | 463 | 28941 | 43371 | 10605 | 32766 | 37297 | 18168 | 19129 |
| ii) Abroad | 31750 | 113133 | -81383 | 25349 | 156645 | -131296 | 31313 | 144444 | -113131 |
| Equity | 31750 | 41415 | -9665 | 25349 | 74920 | -49571 | 31313 | 71056 | -39742 |
| Reinvested earnings | 0 | 22364 | -22364 | 0 | 25173 | -25173 | 0 | 35455 | -35455 |
| Other capital | 0 | 49354 | -49354 | 0 | 56551 | -56551 | 0 | 37934 | -37934 |
| b) Portfolio investment | 2323205 | 2056730 | 266474 | 2904017 | 3030555 | -126539 | 2486146 | 2522739 | -36593 |
| i) In India | 2310454 | 2024824 | 285630 | 2873927 | 2980213 | -106286 | 2466959 | 2500963 | -34004 |
| FIIs | 2310454 | 2024824 | 285630 | 2873927 | 2980213 | -106286 | 2466959 | 2500963 | -34004 |
| of which: | | | | | | | | | |
| Equity | 1997201 | 1710157 | 287044 | 2556446 | 2674045 | -117599 | 2198315 | 2241326 | -43011 |
| Debt | 313253 | 314666 | -1414 | 317481 | 306168 | 11313 | 268644 | 259637 | 9007 |
| GDRs/ADRs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ii) Abroad | 12751 | 31907 | -19156 | 30090 | 50342 | -20253 | 19187 | 21777 | -2590 |
| 2. Loans (a+b+c) | 634710 | 584127 | 50583 | 787108 | 535905 | 251203 | 809181 | 743367 | 65814 |
| a) External assistance | 125583 | 42578 | 83005 | 82048 | 41891 | 40157 | 93054 | 48684 | 44370 |
| i) By India | 284 | 611 | -327 | 379 | 481 | -102 | 253 | 721 | -468 |
| ii) To India | 125299 | 41967 | 83332 | 81669 | 41410 | 40259 | 92801 | 47963 | 44838 |
| b) Commercial borrowings | 231890 | 233902 | -2012 | 224781 | 164160 | 60621 | 167229 | 196921 | -29691 |
| ii) By India | 21199 | 24085 | -2886 | 14021 | 8619 | 5403 | 10370 | 7603 | 2767 |
| ii) To India | 210691 | 209817 | 874 | 210760 | 155542 | 55218 | 156859 | 189318 | -32458 |
| c) Short term to India | 277237 | 307647 | -30411 | 480279 | 329854 | 150425 | 548898 | 497762 | 51136 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 261995 | 296295 | -34299 | 339086 | 329854 | 9232 | 548898 | 447960 | 100938 |
| ii) Suppliers’ credit up to 180 days | 15241 | 11353 | 3889 | 141194 | 0 | 141194 | 0 | 49802 | -49802 |
| 3. Banking capital (a+b) | 551356 | 706588 | -155231 | 766628 | 717339 | 49289 | 1035012 | 870089 | 164923 |
| a) Commercial banks | 546792 | 700765 | -153973 | 763736 | 711096 | 52639 | 1034393 | 864910 | 169483 |
| i) Assets | 175636 | 333005 | -157369 | 377142 | 362114 | 15028 | 461983 | 370868 | 91115 |
| ii) Liabilities | 371156 | 367760 | 3396 | 386594 | 348983 | 37611 | 572410 | 494042 | 78368 |
| of which: Non-resident deposits | 344627 | 289505 | 55121 | 338520 | 314513 | 24007 | 518959 | 445816 | 73143 |
| b) Others | 4564 | 5823 | -1259 | 2892 | 6242 | -3350 | 619 | 5179 | -4560 |
| 4. Rupee debt service | 0 | 484 | -484 | 0 | 527 | -527 | 0 | 531 | -531 |
| 5. Other capital | 289780 | 306298 | -16518 | 558286 | 382560 | 175727 | 463798 | 406130 | 57668 |
| Total capital account (1 to 5) | 4438572 | 3968366 | 470206 | 5673435 | 5036815 | 636620 | 5396772 | 4923607 | 473165 |
| C. Errors & omissions | 7040 | 9636 | -2595 | 10628 | 7313 | 3314 | 7146 | 15587 | -8440 |
| D. Overall balance (A+B+C) | 8917490 | 8267810 | 649681 | 11638469 | 11289351 | 349119 | 12813439 | 12883489 | -70049 |
| E. Monetary movements (i+ii) | 0 | 649681 | -649681 | 120545 | 469664 | -349119 | 242411 | 172362 | 70049 |
| i) I.M.F. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ii) Foreign exchange reserves (Increase- / Decrease+) | 0 | 649681 | -649681 | 120545 | 469664 | -349119 | 242411 | 172362 | 70049 |
| of which: SDR Allocation | 0 | 0 | 0 | 0 | 132346 | -132346 | 0 | 0 | 0 |
| (Continued) |
| TABLE 125 : INDIA’S OVERALL BALANCE OF PAYMENTS - RUPEES (Concld.) |
| (₹ Crore) |
| Item/Year | 2023-24 | 2024-25 | 2025-26 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| A. Current account | | | | | | | | | |
| 1. Merchandise | 3655128 | 5683248 | -2028119 | 3740435 | 6164655 | -2424219 | 3942256 | 6926721 | -2984465 |
| 2. Invisibles (a+b+c) | 4152104 | 2339875 | 1812229 | 4878484 | 2644127 | 2234357 | 5587973 | 2824360 | 2763613 |
| a) Services | 2824167 | 1476157 | 1348010 | 3279975 | 1680592 | 1599383 | 3727051 | 1808946 | 1918106 |
| i) Travel | 279274 | 278887 | 388 | 289154 | 294426 | -5273 | 282940 | 315701 | -32761 |
| ii) Transportation | 241600 | 242157 | -558 | 285417 | 296164 | -10747 | 281915 | 296757 | -14842 |
| iii) Insurance | 27540 | 24164 | 3376 | 30143 | 25688 | 4456 | 32778 | 23695 | 9083 |
| iv) G.n.i.e. | 5045 | 9013 | -3968 | 5419 | 10668 | -5249 | 5546 | 11320 | -5774 |
| v) Miscellaneous | 2270708 | 921936 | 1348772 | 2669841 | 1053646 | 1616196 | 3123873 | 1161473 | 1962400 |
| of which: Software services | 1327596 | 151207 | 1176389 | 1528441 | 177890 | 1350551 | 1801610 | 213701 | 1587909 |
| Business services | 733329 | 491192 | 242136 | 907836 | 563647 | 344189 | 1098453 | 615791 | 482662 |
| Financial services | 66671 | 37745 | 28926 | 71681 | 34315 | 37366 | 66702 | 26700 | 40003 |
| Communication services | 24130 | 13184 | 10947 | 19905 | 17694 | 2211 | 21791 | 18305 | 3486 |
| b) Transfers | 984685 | 108470 | 876215 | 1147322 | 103230 | 1044092 | 1375129 | 104172 | 1270957 |
| i) Official | 1558 | 8557 | -7000 | 1411 | 11277 | -9866 | 1678 | 12964 | -11286 |
| ii) Private | 983128 | 99913 | 883215 | 1145911 | 91953 | 1053958 | 1373451 | 91208 | 1282244 |
| c) Income | 343252 | 755247 | -411996 | 451187 | 860305 | -409118 | 485792 | 911243 | -425450 |
| i) Investment income | 280907 | 724612 | -443704 | 380670 | 825803 | -445133 | 409754 | 871933 | -462179 |
| ii) Compensation of employees | 62344 | 30636 | 31708 | 70517 | 34502 | 36015 | 76038 | 39309 | 36729 |
| Total Current account (1+2) | 7807233 | 8023123 | -215890 | 8618919 | 8808782 | -189863 | 9530228 | 9751081 | -220852 |
| B. Capital account | | | | | | | | | |
| 1. Foreign investment (a+b) | 4481898 | 4033073 | 448825 | 6109419 | 6074346 | 35073 | 6110334 | 6197588 | -87254 |
| a) Foreign direct investment (i+ii) | 620344 | 536323 | 84021 | 711181 | 703452 | 7730 | 867040 | 806143 | 60897 |
| i) In India | 590396 | 368152 | 222244 | 680929 | 434141 | 246788 | 835976 | 476752 | 359223 |
| Equity | 379405 | 342179 | 37226 | 430135 | 417618 | 12517 | 547741 | 451438 | 96303 |
| Reinvested earnings | 163704 | 0 | 163704 | 192652 | 0 | 192652 | 227032 | 0 | 227032 |
| Other capital | 47287 | 25973 | 21314 | 58142 | 16523 | 41619 | 61203 | 25315 | 35888 |
| ii) Abroad | 29948 | 168171 | -138223 | 30252 | 269310 | -239059 | 31064 | 329391 | -298327 |
| Equity | 29948 | 75485 | -45537 | 30252 | 143902 | -113650 | 31064 | 186989 | -155925 |
| Reinvested earnings | 0 | 47898 | -47898 | 0 | 57902 | -57902 | 0 | 68960 | -68960 |
| Other capital | 0 | 44787 | -44787 | 0 | 67507 | -67507 | 0 | 73442 | -73442 |
| b) Portfolio investment | 3861554 | 3496749 | 364804 | 5398238 | 5370895 | 27343 | 5243294 | 5391445 | -148151 |
| i) In India | 3832234 | 3462960 | 369273 | 5372175 | 5347229 | 24947 | 5199481 | 5337588 | -138107 |
| FIIs | 3832234 | 3462960 | 369273 | 5372175 | 5347229 | 24947 | 5199481 | 5337588 | -138107 |
| of which: | | | | | | | | | |
| Equity | 3382321 | 3173627 | 208694 | 4613201 | 4749639 | -136438 | 4448527 | 4618065 | -169538 |
| Debt | 449913 | 289333 | 160580 | 758974 | 597590 | 161384 | 750954 | 719522 | 31432 |
| GDRs/ADRs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ii) Abroad | 29320 | 33789 | -4469 | 26063 | 23666 | 2397 | 43813 | 53857 | -10045 |
| 2. Loans (a+b+c) | 971173 | 917234 | 53940 | 1458996 | 1211270 | 247726 | 6308540 | 6067098 | 241442 |
| a) External assistance | 114554 | 52684 | 61869 | 118701 | 65681 | 53020 | 102666 | 79825 | 22842 |
| i) By India | 284 | 1465 | -1182 | 207 | 870 | -663 | 207 | 343 | -136 |
| ii) To India | 114270 | 51219 | 63051 | 118494 | 64811 | 53683 | 102460 | 79482 | 22978 |
| b) Commercial borrowings | 369354 | 370543 | -1189 | 765890 | 630043 | 135848 | 5538862 | 5441255 | 97608 |
| ii) By India | 92585 | 122743 | -30158 | 358676 | 380192 | -21516 | 5223920 | 5251365 | -27445 |
| ii) To India | 276769 | 247800 | 28969 | 407214 | 249850 | 157364 | 314942 | 189890 | 125053 |
| c) Short term to India | 487265 | 494006 | -6741 | 574405 | 515547 | 58859 | 667011 | 546019 | 120992 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 447367 | 473354 | -25986 | 479000 | 500307 | -21306 | 586737 | 512960 | 73777 |
| ii) Suppliers’ credit up to 180 days | 39898 | 20652 | 19246 | 95405 | 15240 | 80165 | 80274 | 33059 | 47216 |
| 3. Banking capital (a+b) | 1233022 | 897238 | 335784 | 1367552 | 1452960 | -85408 | 1343637 | 1284896 | 58741 |
| a) Commercial banks | 1222056 | 896644 | 325412 | 1363803 | 1451016 | -87213 | 1338419 | 1283391 | 55028 |
| i) Assets | 395502 | 266770 | 128732 | 393276 | 643041 | -249765 | 375105 | 444589 | -69483 |
| ii) Liabilities | 826554 | 629874 | 196680 | 970527 | 807976 | 162551 | 963314 | 838802 | 124512 |
| of which: Non-resident deposits | 733628 | 611768 | 121860 | 884328 | 748038 | 136290 | 901453 | 773984 | 127469 |
| b) Others | 10966 | 594 | 10372 | 3749 | 1944 | 1805 | 5218 | 1505 | 3713 |
| 4. Rupee debt service | 0 | 597 | -597 | 0 | 586 | -586 | 0 | 606 | -606 |
| 5. Other capital | 369752 | 468202 | -98450 | 518172 | 579492 | -61320 | 477126 | 676151 | -199024 |
| Total capital account (1 to 5) | 7055845 | 6316343 | 739502 | 9454139 | 9318654 | 135485 | 14239637 | 14226339 | 13298 |
| C. Errors & omissions | 13164 | 9844 | 3320 | 15724 | 3756 | 11967 | 20428 | 21138 | -710 |
| D. Overall balance (A+B+C) | 14876242 | 14349310 | 526931 | 18088782 | 18131192 | -42410 | 23790294 | 23998558 | -208264 |
| E. Monetary movements (i+ii) | 0 | 526931 | -526931 | 318081 | 275671 | 42410 | 312834 | 104570 | 208264 |
| i) I.M.F. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ii) Foreign exchange reserves (Increase- / Decrease+) | 0 | 526931 | -526931 | 318081 | 275671 | 42410 | 312834 | 104570 | 208264 |
| of which: SDR Allocation | - | - | - | - | - | - | - | - | - |
Notes : 1. G.n.i.e.: Government not included elsewhere.
2. Data for 2025-26 are preliminary estimates.
3. Total may not tally due to rounding off.
Also see Notes on Tables.
Source : Reserve Bank of India. |