| (US$ Million) |
| Item/Year | April-June 2022 | July-September 2022 | October-December 2022 | January-March 2023 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| A. Current account | | | | | | | | | | | | |
| 1. Merchandise | 122797 | 185851 | -63054 | 111852 | 190165 | -78313 | 105603 | 176940 | -71337 | 115821 | 168408 | -52587 |
| 2. Invisibles (a+b+c) | 108239 | 63149 | 45090 | 113470 | 66059 | 47411 | 121906 | 67401 | 54505 | 122189 | 70959 | 51231 |
| a) Services | 76093 | 45024 | 31069 | 79981 | 45555 | 34426 | 83421 | 44708 | 38713 | 85833 | 46758 | 39075 |
| i) Travel | 4705 | 6299 | -1593 | 5775 | 7539 | -1764 | 8123 | 6910 | 1213 | 8445 | 7698 | 747 |
| ii) Transportation | 9849 | 11780 | -1931 | 9529 | 11337 | -1809 | 8758 | 9409 | -652 | 7956 | 8091 | -135 |
| iii) Insurance | 915 | 510 | 405 | 756 | 586 | 170 | 783 | 797 | -13 | 824 | 455 | 369 |
| iv) G.n.i.e. | 170 | 207 | -37 | 183 | 219 | -36 | 185 | 282 | -97 | 144 | 307 | -163 |
| v) Miscellaneous | 60454 | 26230 | 34225 | 63738 | 25873 | 37865 | 65572 | 27310 | 38262 | 68464 | 30207 | 38256 |
| of which | | | | | | | | | | | | |
| Software services | 34476 | 3784 | 30692 | 36228 | 3546 | 32681 | 37599 | 4058 | 33541 | 38473 | 4103 | 34370 |
| Business services | 17751 | 14303 | 3448 | 19141 | 13964 | 5178 | 21198 | 15125 | 6073 | 22260 | 16314 | 5945 |
| Financial services | 1660 | 1514 | 146 | 2113 | 1600 | 514 | 1949 | 1292 | 657 | 2093 | 1303 | 790 |
| Communication services | 961 | 439 | 522 | 803 | 399 | 403 | 842 | 329 | 514 | 2558 | 2217 | 341 |
| b) Transfers | 25651 | 2777 | 22874 | 27462 | 2688 | 24773 | 30867 | 2400 | 28467 | 28650 | 3888 | 24762 |
| i) Official | 31 | 222 | -191 | 52 | 269 | -217 | 58 | 232 | -174 | 24 | 342 | -318 |
| ii) Private | 25620 | 2555 | 23065 | 27410 | 2419 | 24991 | 30809 | 2168 | 28641 | 28627 | 3547 | 25080 |
| c) Income | 6495 | 15348 | -8853 | 6027 | 17816 | -11788 | 7618 | 20293 | -12675 | 7706 | 20312 | -12606 |
| i) Investment income | 4804 | 14565 | -9761 | 4398 | 16961 | -12564 | 5902 | 19426 | -13525 | 6010 | 19395 | -13385 |
| ii) Compensation of employees | 1691 | 783 | 908 | 1630 | 854 | 775 | 1716 | 867 | 850 | 1695 | 917 | 778 |
| Total current account(1+2) | 231036 | 249000 | -17964 | 225322 | 256224 | -30902 | 227509 | 244341 | -16832 | 238010 | 239366 | -1356 |
| B. Capital account | | | | | | | | | | | | |
| 1. Foreign investment (a+b) | 106256 | 107494 | -1238 | 99783 | 87042 | 12741 | 95269 | 88629 | 6641 | 83781 | 79091 | 4691 |
| a) Foreign direct investment (i+ii) | 23025 | 9633 | 13392 | 18104 | 11895 | 6209 | 17018 | 14988 | 2030 | 17084 | 10730 | 6355 |
| i) In India | 22474 | 6211 | 16263 | 16900 | 7803 | 9097 | 16124 | 8796 | 7327 | 15858 | 6538 | 9319 |
| Equity | 16948 | 5797 | 11151 | 10699 | 7111 | 3588 | 10246 | 7932 | 2314 | 9708 | 6254 | 3454 |
| Reinvested earnings | 4390 | - | 4390 | 4672 | - | 4672 | 5066 | - | 5066 | 4976 | - | 4976 |
| Other capital | 1136 | 415 | 722 | 1529 | 692 | 837 | 811 | 865 | -53 | 1173 | 284 | 889 |
| ii) Abroad | 552 | 3422 | -2870 | 1204 | 4092 | -2888 | 895 | 6192 | -5297 | 1227 | 4191 | -2964 |
| Equity | 552 | 1254 | -702 | 1204 | 1782 | -578 | 895 | 3612 | -2717 | 1227 | 2123 | -896 |
| Reinvested earnings | - | 1103 | -1103 | - | 1103 | -1103 | - | 1103 | -1103 | - | 1103 | -1103 |
| Other capital | - | 1065 | -1065 | - | 1207 | -1207 | - | 1477 | -1477 | - | 965 | -965 |
| b) Portfolio investment | 83231 | 97861 | -14630 | 81678 | 75146 | 6532 | 78251 | 73641 | 4611 | 66697 | 68361 | -1664 |
| i) In India | 82548 | 97207 | -14659 | 81375 | 74473 | 6901 | 77433 | 72916 | 4517 | 66117 | 67704 | -1588 |
| FIIs | 82548 | 97207 | -14659 | 81375 | 74473 | 6901 | 77433 | 72916 | 4517 | 66117 | 67704 | -1588 |
| of which: | | | | | | | | | | | | |
| Equity | 72768 | 87798 | -15029 | 72212 | 66210 | 6003 | 71477 | 65940 | 5537 | 57476 | 59959 | -2483 |
| Debt | 9780 | 9410 | 370 | 9163 | 8264 | 899 | 5956 | 6976 | -1020 | 8640 | 7745 | 895 |
| GDRs/ADRs | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Abroad | 683 | 654 | 29 | 303 | 673 | -370 | 818 | 724 | 93 | 580 | 657 | -77 |
| 2. Loans (a+b+c) | 23965 | 19905 | 4060 | 24578 | 23971 | 607 | 25543 | 24995 | 547 | 26512 | 23457 | 3055 |
| a) External assistance | 3229 | 1424 | 1805 | 2017 | 1523 | 494 | 3088 | 1584 | 1504 | 3240 | 1522 | 1718 |
| i) By India | 8 | 23 | -15 | 8 | 23 | -15 | 8 | 22 | -14 | 8 | 22 | -14 |
| ii) To India | 3221 | 1400 | 1820 | 2009 | 1501 | 508 | 3080 | 1562 | 1518 | 3232 | 1500 | 1732 |
| b) Commercial borrowings (MT<) | 3252 | 6062 | -2809 | 5409 | 5606 | -197 | 4710 | 7119 | -2409 | 7323 | 5698 | 1624 |
| i) By India | 216 | 138 | 78 | 359 | 100 | 258 | 439 | 316 | 123 | 272 | 382 | -110 |
| ii) To India | 3037 | 5924 | -2887 | 5051 | 5506 | -455 | 4272 | 6803 | -2531 | 7051 | 5316 | 1735 |
| c) Short term Credit to India | 17484 | 12420 | 5064 | 17152 | 16842 | 310 | 17744 | 16292 | 1452 | 15950 | 16237 | -287 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 17484 | 11502 | 5982 | 17152 | 15041 | 2111 | 17744 | 15437 | 2307 | 15950 | 13646 | 2305 |
| ii) Suppliers’ credit up to 180 days | - | 918 | -918 | - | 1801 | -1801 | - | 855 | -855 | - | 2592 | -2592 |
| 3. Banking capital (a+b) | 49574 | 30533 | 19041 | 15567 | 24013 | -8447 | 36230 | 21795 | 14435 | 27997 | 32047 | -4050 |
| a) Commercial banks | 49574 | 30018 | 19556 | 15567 | 24012 | -8445 | 36230 | 21649 | 14580 | 27922 | 32047 | -4125 |
| i) Assets | 35834 | 16375 | 19458 | 134 | 10646 | -10512 | 18145 | 6135 | 12009 | 4274 | 13260 | -8986 |
| ii) Liabilities | 13741 | 13643 | 97 | 15433 | 13366 | 2067 | 18085 | 15514 | 2571 | 23648 | 18787 | 4861 |
| of which: Non-Resident Deposits | 12287 | 11937 | 349 | 13993 | 11504 | 2490 | 16928 | 14359 | 2569 | 21066 | 17485 | 3581 |
| b) Others | - | 514 | -514 | 0 | 2 | -2 | 0 | 145 | -145 | 75 | 0 | 75 |
| 4. Rupee debt service | - | 59 | -59 | - | 1 | -1 | - | 1 | -1 | - | 7 | -7 |
| 5. Other capital | 13045 | 12795 | 251 | 10025 | 13464 | -3439 | 19297 | 12033 | 7265 | 15131 | 12280 | 2852 |
| Total capital account (1 to 5) | 192841 | 170786 | 22055 | 149953 | 148492 | 1461 | 176339 | 147451 | 28887 | 153422 | 146882 | 6540 |
| C. Errors & omissions | 505 | - | 505 | - | 937 | -937 | - | 986 | -986 | 395 | - | 395 |
| D. Overall balance (A+B+C) | 424381 | 419786 | 4595 | 375274 | 405653 | -30379 | 403847 | 392778 | 11069 | 391827 | 386248 | 5579 |
| E. Monetary movements (i+ii) | - | 4595 | -4595 | 30379 | - | 30379 | - | 11069 | -11069 | - | 5579 | -5579 |
| i) I.M.F. | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Foreign Exchange Reserves (Increase - / Decrease +) | - | 4595 | -4595 | 30379 | - | 30379 | - | 11069 | -11069 | - | 5579 | -5579 |
| of which: SDR Allocation | - | - | - | - | - | - | - | - | - | - | - | - |
| (Continued) |
| TABLE 195 : INDIA’S OVERALL BALANCE OF PAYMENTS - QUARTERLY - US DOLLARS (Contd.) |
| (US$ Million) |
| Item/Year | April-June 2023 | July-September 2023 | October-December 2023 | January-March 2024 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| A. Current account | | | | | | | | | | | | |
| 1. Merchandise | 104936 | 161637 | -56701 | 108254 | 172800 | -64546 | 106626 | 178272 | -71646 | 121626 | 173645 | -52019 |
| 2. Invisibles (a+b+c) | 116700 | 68963 | 47738 | 123416 | 70154 | 53262 | 129394 | 68179 | 61215 | 131908 | 75322 | 56586 |
| a) Services | 80569 | 45449 | 35121 | 83352 | 43411 | 39940 | 87785 | 42779 | 45006 | 89356 | 46672 | 42684 |
| i) Travel | 6412 | 9489 | -3077 | 7482 | 8662 | -1180 | 9850 | 7487 | 2363 | 9961 | 8063 | 1898 |
| ii) Transportation | 7408 | 7693 | -285 | 7054 | 7277 | -223 | 6950 | 6457 | 493 | 7771 | 7829 | -58 |
| iii) Insurance | 761 | 591 | 170 | 828 | 821 | 7 | 811 | 856 | -46 | 927 | 650 | 277 |
| iv) G.n.i.e. | 159 | 250 | -91 | 140 | 244 | -104 | 182 | 280 | -98 | 129 | 315 | -186 |
| v) Miscellaneous | 65830 | 27427 | 38404 | 67848 | 26408 | 41440 | 69993 | 27700 | 42293 | 70568 | 29814 | 40753 |
| of which | | | | | | | | | | | | |
| Software services | 38172 | 4243 | 33928 | 39570 | 4333 | 35237 | 41041 | 4774 | 36267 | 41551 | 4908 | 36643 |
| Business services | 21831 | 15203 | 6627 | 21472 | 13673 | 7799 | 22647 | 14067 | 8581 | 22620 | 16388 | 6232 |
| Financial services | 1891 | 1152 | 739 | 2069 | 1183 | 887 | 2491 | 956 | 1535 | 1599 | 1269 | 330 |
| Communication services | 831 | 324 | 507 | 887 | 365 | 522 | 701 | 397 | 303 | 498 | 506 | -7 |
| b) Transfers | 27117 | 4279 | 22838 | 28147 | 3221 | 24926 | 31539 | 2237 | 29302 | 32097 | 3378 | 28719 |
| i) Official | 20 | 255 | -235 | 23 | 267 | -244 | 94 | 230 | -135 | 51 | 282 | -231 |
| ii) Private | 27097 | 4024 | 23073 | 28124 | 2954 | 25170 | 31445 | 2007 | 29438 | 32046 | 3096 | 28950 |
| c) Income | 9014 | 19235 | -10221 | 11917 | 23522 | -11604 | 10069 | 23162 | -13093 | 10455 | 25272 | -14817 |
| i) Investment income | 7187 | 18368 | -11181 | 10158 | 22605 | -12447 | 8058 | 22286 | -14227 | 8523 | 24233 | -15710 |
| ii) Compensation of employees | 1827 | 868 | 959 | 1760 | 917 | 843 | 2010 | 876 | 1134 | 1932 | 1039 | 893 |
| Total current account(1+2) | 221636 | 230600 | -8964 | 231670 | 242954 | -11284 | 236020 | 246450 | -10430 | 253534 | 248967 | 4567 |
| B. Capital account | | | | | | | | | | | | |
| 1. Foreign investment (a+b) | 109056 | 88595 | 20461 | 128573 | 124460 | 4113 | 144356 | 128388 | 15969 | 159056 | 145366 | 13691 |
| a) Foreign direct investment (i+ii) | 19280 | 14551 | 4730 | 16586 | 17420 | -833 | 18879 | 14923 | 3956 | 20179 | 17881 | 2299 |
| i) In India | 17792 | 10427 | 7364 | 15723 | 12686 | 3037 | 18313 | 9947 | 8366 | 19474 | 11411 | 8063 |
| Equity | 11266 | 9351 | 1915 | 9877 | 12278 | -2401 | 11912 | 8773 | 3140 | 12762 | 10934 | 1829 |
| Reinvested earnings | 4541 | - | 4541 | 4740 | - | 4740 | 5155 | - | 5155 | 5332 | - | 5332 |
| Other capital | 1985 | 1077 | 908 | 1106 | 409 | 698 | 1246 | 1175 | 71 | 1379 | 477 | 902 |
| ii) Abroad | 1489 | 4123 | -2634 | 864 | 4734 | -3870 | 566 | 4976 | -4410 | 706 | 6470 | -5764 |
| Equity | 1489 | 1864 | -375 | 864 | 1683 | -820 | 566 | 2355 | -1789 | 706 | 3208 | -2503 |
| Reinvested earnings | - | 1446 | -1446 | - | 1446 | -1446 | - | 1446 | -1446 | - | 1446 | -1446 |
| Other capital | - | 813 | -813 | - | 1604 | -1604 | - | 1174 | -1174 | - | 1815 | -1815 |
| b) Portfolio investment | 89775 | 74045 | 15731 | 111986 | 107040 | 4947 | 125477 | 113465 | 12012 | 138877 | 127485 | 11392 |
| i) In India | 88743 | 72654 | 16089 | 111127 | 105841 | 5286 | 124485 | 112814 | 11671 | 138217 | 126638 | 11579 |
| FIIs | 88743 | 72654 | 16089 | 111127 | 105841 | 5286 | 124485 | 112814 | 11671 | 138217 | 126638 | 11579 |
| of which: | | | | | | | | | | | | |
| Equity | 77174 | 63525 | 13649 | 101529 | 97937 | 3593 | 108785 | 102117 | 6668 | 120784 | 119426 | 1358 |
| Debt | 11569 | 9129 | 2440 | 9598 | 7905 | 1693 | 15701 | 10697 | 5003 | 17432 | 7212 | 10221 |
| GDRs/ADRs | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Abroad | 1032 | 1391 | -358 | 859 | 1198 | -339 | 991 | 651 | 341 | 660 | 847 | -187 |
| 2. Loans (a+b+c) | 30359 | 28184 | 2175 | 29729 | 26440 | 3289 | 25454 | 28265 | -2810 | 31787 | 27899 | 3888 |
| a) External assistance | 3032 | 1603 | 1429 | 2601 | 1800 | 802 | 4605 | 1401 | 3204 | 3587 | 1562 | 2025 |
| i) By India | 9 | 49 | -40 | 9 | 49 | -40 | 9 | 48 | -40 | 8 | 31 | -23 |
| ii) To India | 3023 | 1553 | 1470 | 2592 | 1751 | 842 | 4596 | 1353 | 3244 | 3579 | 1531 | 2048 |
| b) Commercial borrowings (MT<) | 15452 | 9717 | 5735 | 7466 | 10409 | -2943 | 6615 | 11141 | -4526 | 15121 | 13472 | 1649 |
| i) By India | 2212 | 2071 | 140 | 2853 | 3926 | -1073 | 2712 | 4503 | -1791 | 3401 | 4308 | -907 |
| ii) To India | 13241 | 7646 | 5595 | 4613 | 6483 | -1870 | 3903 | 6638 | -2735 | 11719 | 9164 | 2555 |
| c) Short term Credit to India | 11875 | 16864 | -4989 | 19662 | 14232 | 5430 | 14235 | 15723 | -1489 | 13079 | 12865 | 214 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 11875 | 14352 | -2477 | 17632 | 14232 | 3400 | 12535 | 15723 | -3188 | 12000 | 12865 | -865 |
| ii) Suppliers’ credit up to 180 days | - | 2512 | -2512 | 2030 | - | 2030 | 1700 | - | 1700 | 1079 | - | 1079 |
| 3. Banking capital (a+b) | 33279 | 20339 | 12940 | 34020 | 29686 | 4333 | 40849 | 24492 | 16358 | 40722 | 33811 | 6911 |
| a) Commercial banks | 33107 | 20339 | 12769 | 34020 | 29614 | 4405 | 40654 | 24492 | 16162 | 39768 | 33811 | 5957 |
| i) Assets | 13315 | 3382 | 9934 | 8673 | 11210 | -2538 | 16550 | 5276 | 11274 | 9220 | 12330 | -3110 |
| ii) Liabilities | 19792 | 16957 | 2835 | 25347 | 18404 | 6943 | 24103 | 19215 | 4888 | 30548 | 21481 | 9067 |
| of which: Non-Resident Deposits | 18896 | 16688 | 2208 | 21257 | 18048 | 3209 | 22381 | 18461 | 3921 | 26041 | 20678 | 5363 |
| b) Others | 172 | 0 | 172 | 0 | 72 | -72 | 196 | 0 | 196 | 955 | - | 955 |
| 4. Rupee debt service | - | 62 | -62 | - | 1 | -1 | - | 2 | -2 | - | 7 | -7 |
| 5. Other capital | 9143 | 10834 | -1691 | 13488 | 12365 | 1123 | 5559 | 17884 | -12325 | 16479 | 15418 | 1060 |
| Total capital account (1 to 5) | 181836 | 148014 | 33822 | 205809 | 192953 | 12856 | 216219 | 199029 | 17189 | 248044 | 222501 | 25543 |
| C. Errors & omissions | - | 427 | -427 | 946 | - | 946 | - | 761 | -761 | 643 | - | 643 |
| D. Overall balance (A+B+C) | 403472 | 379041 | 24432 | 438425 | 435907 | 2519 | 452239 | 446240 | 5998 | 502221 | 471468 | 30754 |
| E. Monetary movements (i+ii) | - | 24432 | -24432 | - | 2519 | -2519 | - | 5998 | -5998 | - | 30754 | -30754 |
| i) I.M.F. | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Foreign Exchange Reserves (Increase - / Decrease +) | - | 24432 | -24432 | - | 2519 | -2519 | - | 5998 | -5998 | - | 30754 | -30754 |
| of which: SDR Allocation | - | - | - | - | - | - | - | - | - | - | - | - |
| (Continued) |
| TABLE 195 : INDIA’S OVERALL BALANCE OF PAYMENTS - QUARTERLY - US DOLLARS (Contd.) |
| (US$ Million) |
| Item/Year | April-June 2024 | July-September 2024 | October-December 2024 | January-March 2025 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 |
| A. Current account | | | | | | | | | | | | |
| 1. Merchandise | 115169 | 174963 | -59794 | 100645 | 189176 | -88530 | 109817 | 189126 | -79309 | 116450 | 175764 | -59314 |
| 2. Invisibles (a+b+c) | 130843 | 75534 | 55309 | 145153 | 77485 | 67668 | 151909 | 83939 | 67970 | 148643 | 75703 | 72940 |
| a) Services | 88634 | 48784 | 39850 | 93406 | 48945 | 44461 | 103487 | 52277 | 51210 | 102026 | 48711 | 53314 |
| i) Travel | 7352 | 9171 | -1819 | 7635 | 9367 | -1732 | 10068 | 8371 | 1698 | 9097 | 7934 | 1162 |
| ii) Transportation | 8656 | 8609 | 47 | 8668 | 9188 | -520 | 8278 | 8847 | -569 | 8157 | 8385 | -228 |
| iii) Insurance | 923 | 593 | 329 | 885 | 786 | 100 | 870 | 894 | -24 | 886 | 762 | 124 |
| iv) G.n.i.e. | 161 | 309 | -147 | 147 | 316 | -169 | 167 | 307 | -139 | 165 | 330 | -165 |
| v) Miscellaneous | 71542 | 30102 | 41440 | 76070 | 29288 | 46782 | 84104 | 33859 | 50245 | 83720 | 31299 | 52421 |
| of which | | | | | | | | | | | | |
| Software services | 41926 | 4479 | 37447 | 44164 | 4539 | 39624 | 47619 | 6561 | 41057 | 46917 | 5434 | 41483 |
| Business services | 23000 | 16625 | 6375 | 25176 | 15548 | 9628 | 29603 | 18252 | 11352 | 29432 | 16221 | 13212 |
| Financial services | 2215 | 1267 | 948 | 2190 | 1265 | 926 | 2086 | 741 | 1346 | 1989 | 795 | 1193 |
| Communication services | 519 | 444 | 75 | 519 | 497 | 21 | 580 | 616 | -37 | 731 | 533 | 198 |
| b) Transfers | 29520 | 3215 | 26304 | 35275 | 2875 | 32400 | 36081 | 2898 | 33182 | 34717 | 3214 | 31504 |
| i) Official | 18 | 312 | -293 | 28 | 311 | -283 | 89 | 334 | -244 | 31 | 376 | -345 |
| ii) Private | 29502 | 2904 | 26598 | 35247 | 2564 | 32683 | 35992 | 2565 | 33427 | 34686 | 2838 | 31848 |
| c) Income | 12689 | 23535 | -10846 | 16472 | 25665 | -9193 | 12341 | 28763 | -16422 | 11900 | 23778 | -11878 |
| i) Investment income | 10552 | 22557 | -12005 | 14477 | 24643 | -10166 | 10161 | 27718 | -17557 | 9873 | 22746 | -12873 |
| ii) Compensation of employees | 2137 | 978 | 1159 | 1995 | 1023 | 972 | 2180 | 1046 | 1135 | 2027 | 1032 | 995 |
| Total current account(1+2) | 246012 | 250497 | -4484 | 245798 | 266660 | -20862 | 261726 | 273065 | -11338 | 265093 | 251467 | 13626 |
| B. Capital account | | | | | | | | | | | | |
| 1. Foreign investment (a+b) | 183768 | 176600 | 7168 | 203245 | 186216 | 17029 | 192047 | 206229 | -14182 | 144464 | 149956 | -5492 |
| a) Foreign direct investment (i+ii) | 23925 | 17701 | 6224 | 21137 | 23958 | -2821 | 20635 | 23445 | -2810 | 18494 | 18127 | 366 |
| i) In India | 22777 | 12171 | 10606 | 20589 | 15622 | 4967 | 19722 | 16218 | 3505 | 17527 | 7474 | 10053 |
| Equity | 16402 | 11673 | 4728 | 13846 | 15016 | -1171 | 11136 | 15637 | -4501 | 9610 | 7199 | 2411 |
| Reinvested earnings | 5225 | - | 5225 | 5435 | - | 5435 | 5934 | - | 5934 | 6165 | - | 6165 |
| Other capital | 1151 | 498 | 653 | 1309 | 606 | 702 | 2653 | 581 | 2072 | 1751 | 275 | 1476 |
| ii) Abroad | 1147 | 5529 | -4382 | 548 | 8336 | -7788 | 913 | 7228 | -6315 | 967 | 10653 | -9686 |
| Equity | 1147 | 2728 | -1580 | 548 | 4583 | -4035 | 913 | 3313 | -2400 | 967 | 6321 | -5354 |
| Reinvested earnings | - | 1712 | -1712 | - | 1712 | -1712 | - | 1712 | -1712 | - | 1712 | -1712 |
| Other capital | - | 1090 | -1090 | - | 2041 | -2041 | - | 2203 | -2203 | - | 2620 | -2620 |
| b) Portfolio investment | 159844 | 158899 | 945 | 182108 | 162258 | 19850 | 171412 | 182784 | -11372 | 125970 | 131829 | -5859 |
| i) In India | 159240 | 158343 | 897 | 181433 | 161618 | 19815 | 170667 | 182102 | -11435 | 124923 | 130917 | -5995 |
| FIIs | 159240 | 158343 | 897 | 181433 | 161618 | 19815 | 170667 | 182102 | -11435 | 124923 | 130917 | -5995 |
| of which: | | | | | | | | | | | | |
| Equity | 139824 | 140833 | -1009 | 160273 | 149590 | 10683 | 144811 | 156671 | -11860 | 101683 | 115225 | -13541 |
| Debt | 19416 | 17510 | 1906 | 21160 | 12028 | 9132 | 25856 | 25431 | 425 | 23239 | 15693 | 7547 |
| GDRs/ADRs | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Abroad | 604 | 556 | 48 | 675 | 640 | 35 | 745 | 682 | 63 | 1048 | 912 | 136 |
| 2. Loans (a+b+c) | 31819 | 26679 | 5140 | 40856 | 31392 | 9464 | 43114 | 34052 | 9062 | 56221 | 50563 | 5658 |
| a) External assistance | 3640 | 2267 | 1373 | 3726 | 1577 | 2148 | 2955 | 2289 | 666 | 3712 | 1641 | 2071 |
| i) By India | 6 | 26 | -20 | 6 | 26 | -20 | 6 | 26 | -20 | 6 | 25 | -19 |
| ii) To India | 3634 | 2241 | 1393 | 3720 | 1551 | 2168 | 2949 | 2263 | 686 | 3706 | 1616 | 2090 |
| b) Commercial borrowings (MT<) | 12631 | 11091 | 1540 | 17481 | 15485 | 1995 | 20906 | 16522 | 4384 | 38951 | 30958 | 7993 |
| i) By India | 4138 | 4255 | -117 | 5059 | 8028 | -2969 | 9621 | 9593 | 28 | 23141 | 22668 | 473 |
| ii) To India | 8493 | 6836 | 1657 | 12421 | 7457 | 4964 | 11285 | 6929 | 4356 | 15810 | 8290 | 7520 |
| c) Short term Credit to India | 15548 | 13321 | 2228 | 19650 | 14330 | 5320 | 19253 | 15241 | 4012 | 13558 | 17964 | -4406 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 13729 | 13321 | 408 | 15107 | 14330 | 777 | 14260 | 15241 | -980 | 13558 | 16205 | -2647 |
| ii) Suppliers’ credit up to 180 days | 1820 | - | 1820 | 4543 | - | 4543 | 4993 | - | 4993 | - | 1759 | -1759 |
| 3. Banking capital (a+b) | 36380 | 33511 | 2870 | 52432 | 46345 | 6087 | 39538 | 49311 | -9774 | 33573 | 42550 | -8977 |
| a) Commercial banks | 36259 | 33511 | 2749 | 52112 | 46345 | 5767 | 39530 | 49306 | -9776 | 33573 | 42331 | -8758 |
| i) Assets | 10705 | 13570 | -2865 | 17627 | 18853 | -1226 | 11853 | 25923 | -14070 | 6486 | 17652 | -11166 |
| ii) Liabilities | 25554 | 19941 | 5614 | 34485 | 27492 | 6993 | 27677 | 23383 | 4294 | 27087 | 24678 | 2408 |
| of which: Non-Resident Deposits | 23426 | 19401 | 4025 | 28921 | 22753 | 6167 | 25912 | 22771 | 3141 | 26288 | 23458 | 2830 |
| b) Others | 121 | - | 121 | 319 | - | 319 | 8 | 5 | 2 | 0 | 219 | -219 |
| 4. Rupee debt service | - | 61 | -61 | - | 2 | -2 | - | - | - | - | 7 | -7 |
| 5. Other capital | 10851 | 17031 | -6180 | 20850 | 13504 | 7346 | 7757 | 19484 | -11727 | 21635 | 18433 | 3202 |
| Total capital account (1 to 5) | 262819 | 253881 | 8938 | 317384 | 277459 | 39924 | 282456 | 309077 | -26620 | 255893 | 261510 | -5617 |
| C. Errors & omissions | 773 | - | 773 | - | 448 | -448 | 298 | - | 298 | 780 | - | 780 |
| D. Overall balance (A+B+C) | 509604 | 504378 | 5226 | 563182 | 544568 | 18614 | 544481 | 582141 | -37660 | 521765 | 512977 | 8789 |
| E. Monetary movements (i+ii) | - | 5226 | -5226 | - | 18614 | -18614 | 37660 | - | 37660 | - | 8789 | -8789 |
| i) I.M.F. | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Foreign Exchange Reserves (Increase - / Decrease +) | - | 5226 | -5226 | - | 18614 | -18614 | 37660 | - | 37660 | - | 8789 | -8789 |
| of which: SDR Allocation | - | - | - | - | - | - | - | - | - | - | - | - |
| (Continued) |
| TABLE 195 : INDIA’S OVERALL BALANCE OF PAYMENTS - QUARTERLY - US DOLLARS (Concld.) |
| (US$ Million) |
| Item/Year | April-June 2025 | July-September 2025 | October-December 2025 | January-March 2026 |
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
| 1 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 |
| A. Current account | | | | | | | | | | | | |
| 1. Merchandise | 112682 | 181568 | -68887 | 109001 | 198100 | -89098 | 111332 | 207202 | -95870 | 113133 | 196565 | -83433 |
| 2. Invisibles (a+b+c) | 143700 | 77709 | 65991 | 157371 | 82276 | 75096 | 163177 | 82823 | 80354 | 167381 | 76899 | 90482 |
| a) Services | 97411 | 49509 | 47901 | 101605 | 50734 | 50871 | 111212 | 53726 | 57486 | 111065 | 50709 | 60356 |
| i) Travel | 5855 | 9085 | -3230 | 6813 | 9457 | -2645 | 9924 | 9052 | 872 | 9289 | 8174 | 1115 |
| ii) Transportation | 7693 | 8395 | -702 | 7754 | 8726 | -972 | 8264 | 8481 | -217 | 8176 | 8003 | 173 |
| iii) Insurance | 924 | 613 | 311 | 962 | 724 | 238 | 886 | 832 | 54 | 938 | 515 | 423 |
| iv) G.n.i.e. | 134 | 323 | -188 | 154 | 306 | -152 | 166 | 335 | -170 | 172 | 317 | -145 |
| v) Miscellaneous | 82805 | 31094 | 51710 | 85923 | 31520 | 54402 | 91972 | 35026 | 56947 | 92489 | 33699 | 58790 |
| of which | | | | | | | | | | | | |
| Software services | 47324 | 5853 | 41471 | 49523 | 5640 | 43883 | 53502 | 6437 | 47065 | 53326 | 6237 | 47090 |
| Business services | 29511 | 15868 | 13643 | 29471 | 16129 | 13342 | 32121 | 19261 | 12859 | 33076 | 18326 | 14750 |
| Financial services | 1945 | 703 | 1242 | 1816 | 615 | 1200 | 1935 | 875 | 1060 | 1856 | 823 | 1033 |
| Communication services | 503 | 380 | 123 | 732 | 548 | 184 | 706 | 614 | 93 | 525 | 525 | 0 |
| b) Transfers | 34048 | 3182 | 30866 | 39041 | 2753 | 36288 | 37949 | 2821 | 35128 | 44272 | 3037 | 41234 |
| i) Official | 20 | 371 | -351 | 35 | 375 | -340 | 105 | 344 | -239 | 29 | 378 | -348 |
| ii) Private | 34028 | 2812 | 31216 | 39006 | 2378 | 36628 | 37844 | 2477 | 35367 | 44242 | 2660 | 41583 |
| c) Income | 12241 | 25017 | -12776 | 16726 | 28789 | -12063 | 14016 | 26277 | -12260 | 12044 | 23153 | -11109 |
| i) Investment income | 10111 | 23990 | -13879 | 14567 | 27678 | -13111 | 11763 | 25131 | -13367 | 9978 | 21992 | -12014 |
| ii) Compensation of employees | 2130 | 1027 | 1103 | 2159 | 1111 | 1048 | 2253 | 1146 | 1107 | 2066 | 1161 | 905 |
| Total current account(1+2) | 256382 | 259277 | -2895 | 266373 | 280375 | -14002 | 274509 | 290025 | -15516 | 280514 | 273464 | 7049 |
| B. Capital account | | | | | | | | | | | | |
| 1. Foreign investment (a+b) | 173669 | 167298 | 6371 | 161408 | 165520 | -4112 | 208221 | 212057 | -3836 | 148715 | 156553 | -7839 |
| a) Foreign direct investment (i+ii) | 27330 | 22567 | 4763 | 25828 | 24193 | 1635 | 22670 | 26330 | -3659 | 22496 | 18287 | 4209 |
| i) In India | 26715 | 12802 | 13914 | 25043 | 13846 | 11196 | 22018 | 17931 | 4087 | 21060 | 9466 | 11594 |
| Equity | 19419 | 12078 | 7342 | 17354 | 13265 | 4089 | 13598 | 17273 | -3676 | 11911 | 8570 | 3341 |
| Reinvested earnings | 5908 | - | 5908 | 5990 | - | 5990 | 6744 | - | 6744 | 7010 | - | 7010 |
| Other capital | 1388 | 724 | 664 | 1698 | 581 | 1118 | 1677 | 657 | 1019 | 2139 | 896 | 1243 |
| ii) Abroad | 615 | 9766 | -9151 | 785 | 10347 | -9562 | 652 | 8399 | -7747 | 1436 | 8821 | -7385 |
| Equity | 615 | 4928 | -4313 | 785 | 6439 | -5654 | 652 | 4898 | -4245 | 1436 | 4917 | -3481 |
| Reinvested earnings | - | 1951 | -1951 | - | 1951 | -1951 | - | 1951 | -1951 | - | 1951 | -1951 |
| Other capital | - | 2886 | -2886 | - | 1956 | -1956 | - | 1550 | -1550 | - | 1953 | -1953 |
| b) Portfolio investment | 146339 | 144731 | 1608 | 135580 | 141327 | -5747 | 185550 | 185727 | -177 | 126218 | 138266 | -12047 |
| i) In India | 145201 | 142720 | 2481 | 134786 | 140255 | -5468 | 184185 | 184270 | -85 | 124580 | 136701 | -12121 |
| FIIs | 145201 | 142720 | 2481 | 134786 | 140255 | -5468 | 184185 | 184270 | -85 | 124580 | 136701 | -12121 |
| of which: | | | | | | | | | | | | |
| Equity | 123636 | 118245 | 5391 | 113496 | 122643 | -9147 | 157600 | 158838 | -1238 | 108868 | 122513 | -13645 |
| Debt | 21565 | 24475 | -2910 | 21290 | 17612 | 3678 | 26585 | 25431 | 1154 | 15712 | 14188 | 1524 |
| GDRs/ADRs | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Abroad | 1138 | 2011 | -872 | 794 | 1072 | -279 | 1365 | 1458 | -93 | 1638 | 1564 | 74 |
| 2. Loans (a+b+c) | 65406 | 59462 | 5944 | 168308 | 163182 | 5127 | 213754 | 198016 | 15739 | 259712 | 259102 | 610 |
| a) External assistance | 3120 | 2397 | 723 | 2182 | 1694 | 487 | 3029 | 3229 | -200 | 3274 | 1723 | 1551 |
| i) By India | 6 | 10 | -4 | 6 | 10 | -4 | 6 | 10 | -4 | 6 | 9 | -4 |
| ii) To India | 3114 | 2387 | 727 | 2176 | 1685 | 491 | 3023 | 3219 | -196 | 3268 | 1713 | 1555 |
| b) Commercial borrowings (MT<) | 46833 | 41525 | 5309 | 147446 | 146788 | 657 | 184404 | 181752 | 2652 | 241439 | 238943 | 2496 |
| i) By India | 36024 | 35153 | 871 | 140445 | 142094 | -1649 | 176565 | 177759 | -1194 | 231433 | 232511 | -1078 |
| ii) To India | 10810 | 6372 | 4438 | 7001 | 4694 | 2306 | 7838 | 3993 | 3846 | 10006 | 6432 | 3574 |
| c) Short term Credit to India | 15453 | 15541 | -88 | 18681 | 14699 | 3982 | 26321 | 13034 | 13287 | 14999 | 18436 | -3437 |
| i) Suppliers’ Credit & Buyers’ Credit >180 days | 15453 | 13689 | 1764 | 15831 | 14699 | 1132 | 20106 | 13034 | 7072 | 14999 | 16553 | -1554 |
| ii) Suppliers’ credit up to 180 days | - | 1852 | -1852 | 2850 | - | 2850 | 6215 | - | 6215 | - | 1883 | -1883 |
| 3. Banking capital (a+b) | 33634 | 35189 | -1555 | 34260 | 32370 | 1891 | 35825 | 35133 | 692 | 47850 | 42451 | 5399 |
| a) Commercial banks | 33625 | 35189 | -1564 | 34260 | 32317 | 1943 | 35825 | 35016 | 810 | 47288 | 42451 | 4838 |
| i) Assets | 8579 | 13083 | -4504 | 10699 | 7986 | 2714 | 6142 | 13305 | -7162 | 16794 | 15790 | 1004 |
| ii) Liabilities | 25046 | 22106 | 2939 | 23561 | 24332 | -771 | 29683 | 21711 | 7972 | 30494 | 26660 | 3834 |
| of which: Non-Resident Deposits | 23778 | 20164 | 3614 | 23330 | 20876 | 2454 | 25932 | 20877 | 5054 | 28791 | 25501 | 3290 |
| b) Others | 10 | 0 | 10 | 0 | 52 | -52 | 0 | 118 | -118 | 562 | - | 562 |
| 4. Rupee debt service | - | 61 | -61 | - | 1 | -1 | - | - | - | - | 7 | -7 |
| 5. Other capital | 16716 | 18780 | -2064 | 11245 | 12056 | -812 | 4287 | 24585 | -20298 | 21626 | 20905 | 721 |
| Total capital account (1 to 5) | 289426 | 280791 | 8635 | 375221 | 373129 | 2092 | 462088 | 469791 | -7703 | 477902 | 479018 | -1115 |
| C. Errors & omissions | - | 1232 | -1232 | 993 | - | 993 | - | 1189 | -1189 | 1286 | - | 1286 |
| D. Overall balance (A+B+C) | 545807 | 541300 | 4508 | 642587 | 653504 | -10917 | 736596 | 761005 | -24409 | 759702 | 752482 | 7219 |
| E. Monetary movements (i+ii) | - | 4508 | -4508 | 10917 | - | 10917 | 24409 | - | 24409 | - | 7219 | -7219 |
| i) I.M.F. | - | - | - | - | - | - | - | - | - | - | - | - |
| ii) Foreign Exchange Reserves (Increase - / Decrease +) | - | 4508 | -4508 | 10917 | - | 10917 | 24409 | - | 24409 | - | 7219 | -7219 |
| of which: SDR Allocation | - | - | - | - | - | - | - | - | - | - | - | - |
Notes : 1. G.n.i.e.: Government 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. |