38. India’s Overall Balance of Payments

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Published on August 10, 2017

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38. India’s Overall Balance of Payments

(US $ Million)
Item	Jan-Mar 2016 (PR)			Jan-Mar 2017 (P)
	Credit	Debit	Net	Credit	Debit	Net
	1	2	3	4	5	6
Overall Balance of Payments(1+2+3)	252,123	248,848	3,274	283,799	276,488	7,312
1 CURRENT ACCOUNT (1.1+ 1.2)	124,652	124,990	–338	138,288	141,741	–3,452
1.1 MERCHANDISE	65,831	90,586	–24,755	77,354	107,076	–29,722
1.2 INVISIBLES (1.2.1+1.2.2+1.2.3)	58,821	34,404	24,417	60,934	34,665	26,270
1.2.1 Services	39,413	23,336	16,077	40,717	23,081	17,636
1.2.1.1 Travel	5,904	3,580	2,324	6,720	3,630	3,090
1.2.1.2 Transportation	3,550	3,666	–115	4,226	3,694	533
1.2.1.3 Insurance	520	249	271	591	439	153
1.2.1.4 G.n.i.e.	133	230	–97	136	146	–10
1.2.1.5 Miscellaneous	29,306	15,611	13,695	29,043	15,173	13,871
1.2.1.5.1 Software Services	18,064	736	17,328	17,813	974	16,839
1.2.1.5.2 Business Services	7,291	8,664	–1,373	8,320	8,176	144
1.2.1.5.3 Financial Services	983	596	387	1,007	1,431	–424
1.2.1.5.4 Communication Services	601	344	257	666	204	462
1.2.2 Transfers	15,729	768	14,961	15,735	1,549	14,186
1.2.2.1 Official	41	225	–185	34	216	–183
1.2.2.2 Private	15,689	542	15,146	15,701	1,333	14,368
1.2.3 Income	3,679	10,300	–6,621	4,482	10,034	–5,552
1.2.3.1 Investment Income	2,839	9,749	–6,910	3,366	9,399	–6,033
1.2.3.2 Compensation of Employees	839	551	288	1,116	635	481
2 CAPITAL ACCOUNT (2.1+2.2+2.3+2.4+2.5)	127,313	123,858	3,455	145,139	134,747	10,392
2.1 Foreign Investment (2.1.1+2.1.2)	66,942	59,683	7,259	85,079	69,283	15,796
2.1.1 Foreign Direct Investment	16,114	7,318	8,797	13,999	9,001	4,997
2.1.1.1 In India	14,752	3,367	11,384	12,342	3,201	9,141
2.1.1.1.1 Equity	10,895	3,343	7,553	7,968	2,818	5,149
2.1.1.1.2 Reinvested Earnings	3,098	–	3,098	3,241	–	3,241
2.1.1.1.3 Other Capital	758	25	733	1,133	383	750
2.1.1.2 Abroad	1,363	3,950	–2,588	1,657	5,800	–4,143
2.1.1.2.1 Equity	1,363	2,367	–1,004	1,657	3,471	–1,814
2.1.1.2.2 Reinvested Earnings	0	834	–834	0	731	–731
2.1.1.2.3 Other Capital	0	749	–749	0	1,598	–1,598
2.1.2 Portfolio Investment	50,828	52,366	–1,538	71,080	60,282	10,799
2.1.2.1 In India	50,540	51,327	–787	70,858	59,727	11,131
2.1.2.1.1 FIIs	50,540	51,327	–787	70,858	59,727	11,131
2.1.2.1.1.1 Equity	40,988	40,805	183	57,118	50,678	6,440
2.1.2.1.1.2 Debt	9,552	10,522	–970	13,739	9,049	4,691
2.1.2.1.2 ADR/GDRs	0	0	0	0	0	0
2.1.2.2 Abroad	288	1,038	–751	223	554	–332
2.2 Loans (2.2.1+2.2.2+2.2.3)	32,714	31,444	1,270	34,267	30,279	3,987
2.2.1 External Assistance	2,134	1,147	987	2,020	1,154	866
2.2.1.1 By India	15	126	–111	14	58	–43
2.2.1.2 To India	2,119	1,021	1,098	2,005	1,096	909
2.2.2 Commercial Borrowings	7,025	9,381	–2,356	6,976	7,851	–875
2.2.2.1 By India	1,926	1,646	280	1,736	1,675	61
2.2.2.2 To India	5,099	7,735	–2,636	5,240	6,176	–936
2.2.3 Short Term to India	23,556	20,917	2,639	25,270	21,274	3,996
2.2.3.1 Suppliers' Credit > 180 days & Buyers' Credit	22,505	20,917	1,588	24,645	21,274	3,371
2.2.3.2 Suppliers' Credit up to 180 days	1,051	0	1,051	625	0	625
2.3 Banking Capital (2.3.1+2.3.2)	18,939	27,941	–9,002	16,039	29,081	–13,042
2.3.1 Commercial Banks	18,904	27,941	–9,036	16,034	29,081	–13,047
2.3.1.1 Assets	3,001	12,954	–9,952	163	11,215	–11,053
2.3.1.2 Liabilities	15,903	14,987	916	15,872	17,866	–1,994
2.3.1.2.1 Non-Resident Deposits	15,052	10,664	4,388	15,006	12,308	2,698
2.3.2 Others	34	0	34	5	0	5
2.4 Rupee Debt Service	–	22	–22	0	48	–48
2.5 Other Capital	8,718	4,767	3,951	9,755	6,056	3,698
3 Errors & Omissions	158	–	158	372	–	372
4 Monetary Movements (4.1+ 4.2)	0	3,274	–3,274	0	7,312	–7,312
4.1 I.M.F.	0	0	0	0	0	0
4.2 Foreign Exchange Reserves (Increase - / Decrease +)	–	3,274	–3,274	0	7,312	–7,312
Note: Explanatory notes on these tables are available in December issue of RBI Bulletin, 2012.