| (US$ Million) |
| Item/Year | 2022-23 | 2023-24 |
| Credit | Debit | Net | Credit | Debit | Net |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 1 Current Account (1.A+1.B+1.C) | 921865 | 988848 | -66984 | 942848 | 968882 | -26033 |
| 1.A Goods and Services (1.A.a+1.A.b) | 781402 | 903410 | -122008 | 782505 | 864665 | -82159 |
| 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 456073 | 721364 | -265291 | 441443 | 686354 | -244911 |
| 1.A.a.1 General merchandise on a BOP basis | 454399 | 686348 | -231949 | 439285 | 640812 | -201527 |
| 1.A.a.2 Net exports of goods under merchanting | 1674 | - | 1674 | 2158 | - | 2158 |
| 1.A.a.3 Nonmonetary gold | - | 35016 | -35016 | - | 45542 | -45542 |
| 1.A.b Services (1.A.b.1 to 1.A.b.13) | 325329 | 182046 | 143283 | 341062 | 178311 | 162752 |
| 1.A.b.1 Manufacturing services on physical inputs owned by others | 1511 | 215 | 1296 | 1446 | 118 | 1328 |
| 1.A.b.2 Maintenance and repair services n.i.e. | 209 | 1872 | -1664 | 206 | 1492 | -1286 |
| 1.A.b.3 Transport | 36091 | 40617 | -4526 | 29183 | 29256 | -72 |
| 1.A.b.4 Travel | 27049 | 28447 | -1398 | 33704 | 33701 | 4 |
| 1.A.b.5 Construction | 3826 | 2840 | 985 | 4579 | 2789 | 1791 |
| 1.A.b.6 Insurance and pension services | 3277 | 2347 | 930 | 3326 | 2917 | 408 |
| 1.A.b.7 Financial services | 7815 | 5708 | 2106 | 8051 | 4560 | 3491 |
| 1.A.b.8 Charges for the use of intellectual property n.i.e. | 1265 | 10639 | -9374 | 1555 | 14986 | -13431 |
| 1.A.b.9 Telecommunications, computer, and information services | 152285 | 19773 | 132512 | 163610 | 20934 | 142676 |
| 1.A.b.10 Other business services | 80350 | 59706 | 20644 | 88570 | 59331 | 29239 |
| 1.A.b.11 Personal, cultural, and recreational services | 3906 | 5452 | -1546 | 4437 | 6319 | -1882 |
| 1.A.b.12 Government goods and services n.i.e. | 683 | 1015 | -332 | 609 | 1088 | -479 |
| 1.A.b.13 Others n.i.e. | 7063 | 3414 | 3649 | 1785 | 820 | 965 |
| 1.B Primary Income (1.B.1 to 1.B.3) | 27845 | 73769 | -45923 | 41455 | 91191 | -49736 |
| 1.B.1 Compensation of employees | 6732 | 3421 | 3311 | 7529 | 3700 | 3829 |
| 1.B.2 Investment income | 15799 | 68815 | -53016 | 28031 | 85644 | -57613 |
| 1.B.2.1 Direct investment | 8384 | 41211 | -32827 | 9299 | 49895 | -40596 |
| 1.B.2.2 Portfolio investment | 265 | 10128 | -9864 | 437 | 10201 | -9764 |
| 1.B.2.3 Other investment | 605 | 17151 | -16547 | 2468 | 24689 | -22221 |
| 1.B.2.4 Reserve assets | 6545 | 324 | 6222 | 15827 | 859 | 14968 |
| 1.B.3 Other primary income | 5315 | 1533 | 3782 | 5895 | 1847 | 4048 |
| 1.C Secondary Income (1.C.1+1.C.2) | 112618 | 11669 | 100948 | 118888 | 13026 | 105863 |
| 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 112465 | 10689 | 101776 | 118712 | 12081 | 106631 |
| 1.C.1.1 Personal transfers (Current transfers between resident and/non-resident households) | 109611 | 7736 | 101876 | 115551 | 8474 | 107077 |
| 1.C.1.2 Other current transfers | 2854 | 2953 | -99 | 3161 | 3607 | -446 |
| 1.C.2 General government | 153 | 981 | -828 | 176 | 945 | -768 |
| 2 Capital Account (2.1+2.2) | 677 | 795 | -118 | 673 | 764 | -91 |
| 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 168 | 240 | -72 | 77 | 279 | -201 |
| 2.2 Capital transfers | 509 | 555 | -46 | 596 | 485 | 111 |
| 3 Financial Account (3.1 to 3.5) | 702268 | 634143 | 68126 | 851246 | 825525 | 25722 |
| 3.1 Direct Investment (3.1A+3.1B) | 75232 | 47246 | 27986 | 74926 | 64774 | 10152 |
| 3.1.A Direct Investment in India | 71355 | 29349 | 42006 | 71302 | 44472 | 26830 |
| 3.1.A.1 Equity and investment fund shares | 66705 | 27094 | 39611 | 65585 | 41334 | 24251 |
| 3.1.A.1.1 Equity other than reinvestment of earnings | 47600 | 27094 | 20506 | 45817 | 41334 | 4483 |
| 3.1.A.1.2 Reinvestment of earnings | 19105 | - | 19105 | 19768 | - | 19768 |
| 3.1.A.2 Debt instruments | 4650 | 2255 | 2395 | 5716 | 3137 | 2579 |
| 3.1.A.2.1 Direct investor in direct investment enterprises | 4650 | 2255 | 2395 | 5716 | 3137 | 2579 |
| 3.1.B Direct Investment by India | 3877 | 17897 | -14020 | 3624 | 20302 | -16678 |
| 3.1.B.1 Equity and investment fund shares | 3877 | 13183 | -9305 | 3624 | 14896 | -11272 |
| 3.1.B.1.1 Equity other than reinvestment of earnings | 3877 | 8771 | -4894 | 3624 | 9111 | -5487 |
| 3.1.B.1.2 Reinvestment of earnings | - | 4412 | -4412 | - | 5786 | -5786 |
| 3.1.B.2 Debt instruments | - | 4714 | -4714 | - | 5406 | -5406 |
| 3.1.B.2.1 Direct investor in direct investment enterprises | - | 4714 | -4714 | - | 5406 | -5406 |
| 3.2 Portfolio Investment | 309857 | 315009 | -5152 | 466115 | 422034 | 44081 |
| 3.2.A Portfolio Investment in India | 307473 | 312301 | -4828 | 462573 | 417947 | 44626 |
| 3.2.1 Equity and investment fund shares | 273934 | 279906 | -5972 | 408272 | 383004 | 25268 |
| 3.2.2 Debt securities | 33539 | 32395 | 1144 | 54300 | 34942 | 19358 |
| 3.2.B Portfolio Investment by India | 2384 | 2708 | -324 | 3543 | 4087 | -544 |
| 3.3 Financial derivatives (other than reserves) and employee stock options | 21891 | 27253 | -5363 | 22391 | 30282 | -7891 |
| 3.4 Other investment | 264909 | 223391 | 41519 | 287815 | 244733 | 43082 |
| 3.4.1 Other equity (ADRs/GDRs) | - | - | - | - | - | - |
| 3.4.2 Currency and deposits | 64350 | 55947 | 8403 | 89898 | 73946 | 15952 |
| 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 75 | 661 | -586 | 1322 | 72 | 1250 |
| 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 64274 | 55285 | 8989 | 88576 | 73875 | 14702 |
| 3.4.2.3 General government | - | - | - | - | - | - |
| 3.4.2.4 Other sectors | - | - | - | - | - | - |
| 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 97286 | 82979 | 14308 | 117450 | 85485 | 31965 |
| 3.4.3.A Loans to India | 95970 | 81953 | 14017 | 106238 | 70500 | 35738 |
| 3.4.3.B Loans by India | 1316 | 1026 | 291 | 11212 | 14985 | -3773 |
| 3.4.4 Insurance, pension, and standardized guarantee schemes | 204 | 252 | -48 | 273 | 421 | -148 |
| 3.4.5 Trade credit and advances | 68330 | 61791 | 6539 | 58851 | 59684 | -833 |
| 3.4.6 Other accounts receivable/payable - other | 34739 | 22422 | 12317 | 21343 | 25196 | -3853 |
| 3.4.7 Special drawing rights | - | - | - | - | - | - |
| 3.5 Reserve assets | 30379 | 21244 | 9135 | - | 63702 | -63702 |
| 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) | 30379 | 21244 | 9135 | - | 63702 | -63702 |
| 4 Total assets/liabilities | 702268 | 634143 | 68126 | 851246 | 825525 | 25722 |
| 4.1 Equity and investment fund shares | 368995 | 350396 | 18599 | 503687 | 474025 | 29662 |
| 4.2 Debt instruments | 268155 | 240081 | 28074 | 326216 | 262601 | 63614 |
| 4.3 Other financial assets and liabilities | 65118 | 43666 | 21452 | 21343 | 88898 | -67555 |
| 5 Net errors and omissions | 900 | 1924 | -1024 | 1590 | 1188 | 402 |
| (Continued) |
| Table 126 : STANDARD PRESENTATION OF INDIA’S BALANCE OF PAYMENTS AS PER BPM6-US DOLLARS (Concld.) |
| (US$ Million) |
| Item/Year | 2024-25 | 2025-26 |
| Credit | Debit | Net | Credit | Debit | Net |
| 1 | 8 | 9 | 10 | 11 | 12 | 13 |
| 1 Current Account (1.A+1.B+1.C) | 1018622 | 1041569 | -22947 | 1077768 | 1103008 | -25240 |
| 1.A Goods and Services (1.A.a+1.A.b) | 829634 | 927745 | -98111 | 867440 | 988113 | -120673 |
| 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 442082 | 729028 | -286947 | 446147 | 783435 | -337288 |
| 1.A.a.1 General merchandise on a BOP basis | 441416 | 671022 | -229606 | 444591 | 711458 | -266867 |
| 1.A.a.2 Net exports of goods under merchanting | 666 | - | 666 | 1557 | - | 1557 |
| 1.A.a.3 Nonmonetary gold | - | 58006 | -58006 | - | 71977 | -71977 |
| 1.A.b Services (1.A.b.1 to 1.A.b.13) | 387553 | 198717 | 188836 | 421292 | 204678 | 216615 |
| 1.A.b.1 Manufacturing services on physical inputs owned by others | 1069 | 119 | 950 | 1028 | 202 | 825 |
| 1.A.b.2 Maintenance and repair services n.i.e. | 351 | 1097 | -746 | 409 | 1465 | -1055 |
| 1.A.b.3 Transport | 33759 | 35029 | -1270 | 31887 | 33605 | -1718 |
| 1.A.b.4 Travel | 34152 | 34843 | -691 | 31880 | 35768 | -3888 |
| 1.A.b.5 Construction | 5341 | 3167 | 2174 | 5128 | 3572 | 1556 |
| 1.A.b.6 Insurance and pension services | 3565 | 3035 | 529 | 3710 | 2685 | 1025 |
| 1.A.b.7 Financial services | 8480 | 4068 | 4412 | 7551 | 3015 | 4536 |
| 1.A.b.8 Charges for the use of intellectual property n.i.e. | 1786 | 17255 | -15469 | 1834 | 18657 | -16822 |
| 1.A.b.9 Telecommunications, computer, and information services | 183347 | 24273 | 159074 | 206559 | 27256 | 179302 |
| 1.A.b.10 Other business services | 107212 | 66646 | 40566 | 124179 | 69585 | 54594 |
| 1.A.b.11 Personal, cultural, and recreational services | 4699 | 5755 | -1056 | 5125 | 5285 | -160 |
| 1.A.b.12 Government goods and services n.i.e. | 641 | 1261 | -620 | 626 | 1281 | -655 |
| 1.A.b.13 Others n.i.e. | 3151 | 2168 | 983 | 1376 | 2302 | -926 |
| 1.B Primary Income (1.B.1 to 1.B.3) | 53402 | 101742 | -48340 | 55027 | 103235 | -48208 |
| 1.B.1 Compensation of employees | 8339 | 4079 | 4261 | 8608 | 4444 | 4163 |
| 1.B.2 Investment income | 37600 | 95354 | -57754 | 36899 | 95001 | -58102 |
| 1.B.2.1 Direct investment | 11681 | 55822 | -44141 | 12574 | 57346 | -44773 |
| 1.B.2.2 Portfolio investment | 352 | 11096 | -10744 | 367 | 9725 | -9358 |
| 1.B.2.3 Other investment | 3814 | 27611 | -23797 | 4106 | 27275 | -23169 |
| 1.B.2.4 Reserve assets | 21753 | 826 | 20928 | 19852 | 655 | 19197 |
| 1.B.3 Other primary income | 7463 | 2309 | 5154 | 9521 | 3790 | 5731 |
| 1.C Secondary Income (1.C.1+1.C.2) | 135585 | 12082 | 123503 | 155301 | 11660 | 143641 |
| 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 135426 | 10870 | 124556 | 155120 | 10326 | 144794 |
| 1.C.1.1 Personal transfers (Current transfers between resident and/non-resident households) | 132065 | 7759 | 124305 | 151710 | 7637 | 144072 |
| 1.C.1.2 Other current transfers | 3361 | 3111 | 250 | 3411 | 2689 | 722 |
| 1.C.2 General government | 159 | 1212 | -1052 | 180 | 1334 | -1154 |
| 2 Capital Account (2.1+2.2) | 755 | 948 | -193 | 857 | 1357 | -500 |
| 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 43 | 376 | -334 | 100 | 796 | -696 |
| 2.2 Capital transfers | 712 | 572 | 140 | 757 | 561 | 196 |
| 3 Financial Account (3.1 to 3.5) | 1155466 | 1133728 | 21738 | 1639113 | 1613231 | 25882 |
| 3.1 Direct Investment (3.1A+3.1B) | 84190 | 83232 | 959 | 98325 | 91377 | 6947 |
| 3.1.A Direct Investment in India | 80615 | 51486 | 29130 | 94836 | 54044 | 40791 |
| 3.1.A.1 Equity and investment fund shares | 73752 | 49525 | 24226 | 87934 | 51186 | 36747 |
| 3.1.A.1.1 Equity other than reinvestment of earnings | 50993 | 49525 | 1468 | 62282 | 51186 | 11096 |
| 3.1.A.1.2 Reinvestment of earnings | 22759 | - | 22759 | 25651 | - | 25651 |
| 3.1.A.2 Debt instruments | 6863 | 1960 | 4903 | 6902 | 2858 | 4044 |
| 3.1.A.2.1 Direct investor in direct investment enterprises | 6863 | 1960 | 4903 | 6902 | 2858 | 4044 |
| 3.1.B Direct Investment by India | 3575 | 31746 | -28171 | 3489 | 37333 | -33844 |
| 3.1.B.1 Equity and investment fund shares | 3575 | 23791 | -20216 | 3489 | 28987 | -25498 |
| 3.1.B.1.1 Equity other than reinvestment of earnings | 3575 | 16945 | -13370 | 3489 | 21182 | -17693 |
| 3.1.B.1.2 Reinvestment of earnings | - | 6846 | -6846 | - | 7805 | -7805 |
| 3.1.B.2 Debt instruments | - | 7955 | -7955 | - | 8345 | -8345 |
| 3.1.B.2.1 Direct investor in direct investment enterprises | - | 7955 | -7955 | - | 8345 | -8345 |
| 3.2 Portfolio Investment | 639334 | 635770 | 3564 | 593688 | 610051 | -16363 |
| 3.2.A Portfolio Investment in India | 636263 | 632980 | 3283 | 588752 | 603946 | -15194 |
| 3.2.1 Equity and investment fund shares | 546592 | 562319 | -15727 | 503600 | 522239 | -18639 |
| 3.2.2 Debt securities | 89671 | 70660 | 19010 | 85152 | 81707 | 3445 |
| 3.2.B Portfolio Investment by India | 3072 | 2790 | 281 | 4935 | 6105 | -1170 |
| 3.3 Financial derivatives (other than reserves) and employee stock options | 23909 | 46052 | -22143 | 26464 | 50432 | -23968 |
| 3.4 Other investment | 370371 | 336046 | 34325 | 885311 | 849644 | 35667 |
| 3.4.1 Other equity (ADRs/GDRs) | - | - | - | - | - | - |
| 3.4.2 Currency and deposits | 104994 | 88608 | 16387 | 102402 | 87588 | 14814 |
| 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 448 | 224 | 224 | 571 | 170 | 401 |
| 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 104546 | 88383 | 16163 | 101830 | 87418 | 14413 |
| 3.4.2.3 General government | - | - | - | - | - | - |
| 3.4.2.4 Other sectors | - | - | - | - | - | - |
| 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 160929 | 164940 | -4011 | 680894 | 675605 | 5289 |
| 3.4.3.A Loans to India | 118946 | 120293 | -1346 | 96404 | 88050 | 8354 |
| 3.4.3.B Loans by India | 41983 | 44647 | -2664 | 584490 | 587556 | -3066 |
| 3.4.4 Insurance, pension, and standardized guarantee schemes | 202 | 824 | -622 | 191 | 234 | -43 |
| 3.4.5 Trade credit and advances | 68009 | 60855 | 7154 | 75454 | 61711 | 13744 |
| 3.4.6 Other accounts receivable/payable - other | 36236 | 20819 | 15417 | 26370 | 24507 | 1863 |
| 3.4.7 Special drawing rights | - | - | - | - | - | - |
| 3.5 Reserve assets | 37660 | 32628 | 5032 | 35326 | 11727 | 23599 |
| 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) | 37660 | 32628 | 5032 | 35326 | 11727 | 23599 |
| 4 Total assets/liabilities | 1155466 | 1133728 | 21738 | 1639113 | 1613231 | 25882 |
| 4.1 Equity and investment fund shares | 651102 | 685303 | -34201 | 626613 | 659183 | -32570 |
| 4.2 Debt instruments | 430467 | 394978 | 35489 | 950805 | 917814 | 32990 |
| 4.3 Other financial assets and liabilities | 73897 | 53447 | 20450 | 61696 | 36234 | 25462 |
| 5 Net errors and omissions | 1851 | 448 | 1402 | 2279 | 2421 | -142 |
Notes : 1. n.i.e: not included elsewhere.
2. Data for 2025-26 are preliminary estimates.
3. Totals may not tally due to rounding off.
Also see Notes on Tables.
Source : Reserve Bank of India. |