Annual Report


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Date : Aug 29, 2019
India’s Overall Balance of Payments
(US$ million)
  2014-15 2015-16 2016-17 2017-18 2018-19 P
1 2 3 4 5 6
A. CURRENT ACCOUNT          
1. Exports, f.o.b. 316,545 266,365 280,138 308,970 337,237
2. Imports, c.i.f. 461,484 396,444 392,580 469,006 517,519
3. Trade Balance -144,940 -130,079 -112,442 -160,036 -180,283
4. Invisibles, Net 118,081 107,928 98,026 111,319 123,026
a) ‘Non-Factor’ Services of which : 76,529 69,676 68,345 77,562 81,941
Software Services 70,400 71,454 70,763 72,186 77,654
b) Income -24,140 -24,375 -26,302 -28,681 -28,861
c) Private Transfers 66,264 63,139 56,573 62,949 70,601
5. Current Account Balance -26,859 -22,151 -14,417 -48,717 -57,256
B. CAPITAL ACCOUNT          
1. Foreign Investment, Net (a+b) 73,456 31,891 43,224 52,401 30,094
a) Direct Investment 31,251 36,021 35,612 30,286 30,712
b) Portfolio Investment 42,205 -4,130 7,612 22,115 -618
2. External Assistance, Net 1,725 1,505 2,013 2,944 3,413
3. Commercial Borrowings, Net 1,570 -4,529 -6,102 -183 10,416
4. Short Term Credit, Net -111 -1,610 6,467 13,900 2,021
5. Banking Capital of which : 11,618 10,630 -16,616 16,190 7,433
NRI Deposits, Net 14,057 16,052 -12,367 9,676 10,387
6. Rupee Debt Service -81 -73 -99 -75 -31
7. Other Capital, Net$ 1,109 3,315 7,559 6,213 1,057
8. Total Capital Account 89,286 41,128 36,447 91,390 54,403
C. Errors & Omissions -1,021 -1,073 -480 902 -486
D. Overall Balance [A(5)+B(8)+C] 61,406 17,905 21,550 43,574 -3,339
E. Monetary Movements (F+G) -61,406 -17,905 -21,550 -43,574 3,339
F. IMF, Net 0 0 0 0 0
G. Reserves and Monetary Gold (Increase -, Decrease +) -61,406 -17,905 -21,550 -43,574 3,339
of which : SDR allocation 0 0 0 0 0
Memo: As a ratio to GDP          
1. Trade Balance -7.1 -6.2 -4.9 -6.0 -6.6
2. Net Services 3.8 3.3 3.0 2.9 3.0
3. Net Income -1.2 -1.2 -1.1 -1.1 -1.1
4. Current Account Balance -1.3 -1.1 -0.6 -1.8 -2.1
5. Capital Net 4.4 2.0 1.6 3.4 2.0
6. Foreign Investment, Net 3.6 1.5 1.9 2.0 1.1
P : Provisional.
$ : 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 transfer receipts.
2. Data on exports and imports differ from those given by DGCI&S on account of differences in coverage, valuation and timing.
Source: RBI.

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