Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March 2020-21, are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q4:2020-21 -
India’s current account balance (CAB) recorded a deficit of US$ 8.1 billion (1.0 per cent of GDP) in Q4:2020-21 as against a surplus of US$ 0.6 billion (0.1 per cent of GDP) in Q4:2019-20 and a deficit of US$ 2.2 billion (0.3 per cent of GDP) in the preceding quarter, i.e., Q3:2020-21. -
Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to US$ 20.9 billion, up by 1.7 per cent from their level a year ago. BoP during 2020-21 -
External commercial borrowings to India recorded inflow of US$ 0.2 billion as compared with US$ 21.7 billion in 2019-20. -
In 2020-21, there was an accretion of US$ 87.3 billion to foreign exchange reserves (on a BoP basis). (Yogesh Dayal) Chief General Manager Press Release: 2021-2022/454 Table 1: Major Items of India's Balance of Payments | (US$ Billion) | | January-March 2021 P | January-March 2020 | 2020-21 P | 2019-20 | | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | A. Current Account | 173.4 | 181.5 | -8.1 | 157.1 | 156.5 | 0.6 | 603.5 | 579.5 | 24.0 | 642.1 | 666.7 | -24.6 | 1. Goods | 91.3 | 133.0 | -41.7 | 76.5 | 111.6 | -35.0 | 296.3 | 398.5 | -102.2 | 320.4 | 477.9 | -157.5 | Of which: | | | | | | | | | | | | | POL | 8.0 | 28.7 | -20.7 | 9.1 | 33.8 | -24.7 | 25.5 | 82.6 | -57.1 | 41.3 | 130.6 | -89.3 | 2. Services | 56.0 | 32.5 | 23.5 | 53.1 | 31.0 | 22.0 | 206.1 | 117.5 | 88.6 | 213.2 | 128.3 | 84.9 | 3. Primary Income | 5.2 | 13.9 | -8.7 | 7.0 | 11.8 | -4.8 | 20.8 | 56.8 | -36.0 | 25.2 | 52.4 | -27.3 | 4. Secondary Income | 20.9 | 2.1 | 18.9 | 20.6 | 2.2 | 18.4 | 80.3 | 6.8 | 73.6 | 83.4 | 8.0 | 75.3 | B. Capital Account and Financial Account | 162.7 | 153.8 | 8.8 | 176.3 | 177.8 | -1.5 | 599.0 | 622.7 | -23.7 | 610.0 | 586.5 | 23.6 | Of which: | | | | | | | | | | | | | Change in Reserves (Increase (-)/Decrease (+)) | 0.0 | 3.4 | -3.4 | 0.0 | 18.8 | -18.8 | 0.0 | 87.3 | -87.3 | 0.0 | 59.5 | -59.5 | C. Errors & Omissions (-) (A+B) | | 0.7 | -0.7 | 0.9 | | 0.9 | | 0.3 | -0.3 | 1.0 | | 1.0 | P: Preliminary | Note: Total of subcomponents may not tally with aggregate due to rounding off. | | |