Annual Report


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Date : Aug 25, 2020
India’s Overall Balance of Payments
(US$ million)
  2015-16 2016-17 2017-18 2018-19 2019-20 (P)
1 2 3 4 5 6
A. CURRENT ACCOUNT          
1 Exports, f.o.b. 2,66,365 2,80,138 3,08,970 3,37,237 3,20,431
2 Imports, c.i.f. 3,96,444 3,92,580 4,69,006 5,17,519 4,77,937
3 Trade Balance -1,30,079 -1,12,442 -1,60,036 -1,80,283 -1,57,506
4 Invisibles, Net 1,07,928 98,026 1,11,319 1,23,026 1,32,850
a) ‘Non-Factor’ Services of which : 69,676 68,345 77,562 81,941 84,922
Software Services 71,454 70,763 72,186 77,654 84,643
b) Income -24,375 -26,302 -28,681 -28,861 -27,281
c) Private Transfers 63,139 56,573 62,949 70,601 76,217
5 Current Account Balance -22,151 -14,417 -48,717 -57,256 -24,656
B. CAPITAL ACCOUNT          
1 Foreign Investment, Net (a+b) 31,891 43,224 52,401 30,094 44,417
a) Direct Investment 36,021 35,612 30,286 30,712 43,013
b) Portfolio Investment -4,130 7,612 22,115 -618 1,403
2 External Assistance, Net 1,505 2,013 2,944 3,413 3,751
3 Commercial Borrowings, Net -4,529 -6,102 -183 10,416 22,960
4 Short Term Credit, Net -1,610 6,467 13,900 2,021 -1,026
5 Banking Capital of which : 10,630 -16,616 16,190 7,433 -5,315
NRI Deposits, Net 16,052 -12,367 9,676 10,387 8,627
6 Rupee Debt Service -73 -99 -75 -31 -69
7 Other Capital, Net$ 3,315 7,559 6,213 1,057 18,462
8 Total Capital Account 41,128 36,447 91,390 54,403 83,180
C. Errors & Omissions -1,073 -480 902 -486 974
D. Overall Balance [A(5)+B(8)+C] 17,905 21,550 43,574 -3,339 59,498
E. Monetary Movements (F+G) -17,905 -21,550 -43,574 3,339 -59,498
F. IMF, Net 0 0 0 0 0
G. Reserves and Monetary Gold (Increase -, Decrease +) -17,905 -21,550 -43,574 3,339 -59,498
of which : SDR allocation 0 0 0 0 0
Memo: As a ratio to GDP          
1 Trade Balance -6.2 -4.9 -6.0 -6.6 -5.5
2 Net Services 3.3 3.0 2.9 3.0 3.0
3 Net Income -1.2 -1.1 -1.1 -1.1 -1.0
4 Current Account Balance -1.1 -0.6 -1.8 -2.1 -0.9
5 Capital Net (Excld. changes in reserves) 2.0 1.6 3.4 2.0 2.9
6 Foreign Investment, Net 1.5 1.9 2.0 1.1 1.5
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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