| (US $ Million) | | Item | Jan-Mar 2015 (PR) | Jan-Mar 2016 (P) | | Credit | Debit | Net | Credit | Debit | Net | | 1 | 2 | 3 | 4 | 5 | 6 | | 1 Current Account (1.A+1.B+1.C) | 134,243 | 134,930 | –687 | 124,651 | 124,969 | –318 | | 1.A Goods and Services (1.A.a+1.A.b) | 113,198 | 124,723 | –11,525 | 105,244 | 113,921 | –8,678 | | 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 71,818 | 103,379 | –31,560 | 65,831 | 90,586 | –24,755 | | 1.A.a.1 General merchandise on a BOP basis | 71,818 | 94,841 | –23,023 | 68,053 | 85,295 | –17,242 | | 1.A.a.2 Net exports of goods under merchanting | – | – | – | –2,222 | – | –2,222 | | 1.A.a.3 Nonmonetary gold | – | 8,538 | –8,538 | – | 5,291 | –5,291 | | 1.A.b Services (1.A.b.1 to 1.A.b.13) | 41,380 | 21,344 | 20,036 | 39,413 | 23,336 | 16,077 | | 1.A.b.1 Manufacturing services on physical inputs owned by others | 23 | 8 | 15 | 40 | 26 | 14 | | 1.A.b.2 Maintenance and repair services n.i.e. | 37 | 68 | –31 | 31 | 83 | –51 | | 1.A.b.3 Transport | 3,865 | 4,011 | –145 | 3,550 | 3,666 | –115 | | 1.A.b.4 Travel | 5,648 | 3,626 | 2,023 | 5,904 | 3,580 | 2,324 | | 1.A.b.5 Construction | 420 | 315 | 105 | 499 | 314 | 185 | | 1.A.b.6 Insurance and pension services | 503 | 239 | 263 | 520 | 249 | 271 | | 1.A.b.7 Financial services | 1,383 | 577 | 805 | 983 | 596 | 387 | | 1.A.b.8 Charges for the use of intellectual property n.i.e. | 74 | 1,206 | –1,131 | 97 | 1,088 | –991 | | 1.A.b.9 Telecommunications, computer, and information services | 18,555 | 914 | 17,642 | 18,750 | 1,192 | 17,558 | | 1.A.b.10 Other business services | 7,072 | 7,379 | –307 | 7,291 | 8,664 | –1,373 | | 1.A.b.11 Personal, cultural, and recreational services | 279 | 299 | –20 | 338 | 150 | 188 | | 1.A.b.12 Government goods and services n.i.e. | 115 | 237 | –122 | 133 | 230 | –97 | | 1.A.b.13 Others n.i.e. | 3,405 | 2,466 | 940 | 1,277 | 3,499 | –2,222 | | 1.B Primary Income (1.B.1 to 1.B.3) | 3,512 | 9,119 | –5,607 | 3,679 | 10,300 | –6,621 | | 1.B.1 Compensation of employees | 919 | 675 | 245 | 839 | 551 | 288 | | 1.B.2 Investment income | 2,107 | 8,075 | –5,967 | 2,419 | 9,589 | –7,170 | | 1.B.2.1 Direct investment | 1,146 | 3,333 | –2,187 | 1,406 | 4,525 | –3,119 | | 1.B.2.2 Portfolio investment | 28 | 1,635 | –1,607 | 26 | 1,886 | –1,860 | | 1.B.2.3 Other investment | 101 | 3,107 | –3,005 | 160 | 3,177 | –3,017 | | 1.B.2.4 Reserve assets | 832 | 1 | 831 | 826 | 1 | 825 | | 1.B.3 Other primary income | 485 | 369 | 116 | 421 | 160 | 261 | | 1.C Secondary Income (1.C.1+1.C.2) | 17,533 | 1,088 | 16,445 | 15,729 | 747 | 14,982 | | 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 17,490 | 891 | 16,600 | 15,689 | 542 | 15,146 | | 1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) | 16,963 | 804 | 16,159 | 15,155 | 463 | 14,692 | | 1.C.1.2 Other current transfers | 527 | 86 | 441 | 534 | 80 | 454 | | 1.C.2 General government | 42 | 198 | –155 | 40 | 205 | –165 | | 2 Capital Account (2.1+2.2) | 84 | 77 | 7 | 73 | 62 | 11 | | 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 7 | 20 | –13 | 27 | 7 | 20 | | 2.2 Capital transfers | 77 | 57 | 20 | 46 | 55 | –9 | | 3 Financial Account (3.1 to 3.5) | 149,365 | 149,456 | –91 | 127,240 | 127,091 | 149 | | 3.1 Direct Investment (3.1A+3.1B) | 15,850 | 6,580 | 9,271 | 16,114 | 7,318 | 8,797 | | 3.1.A Direct Investment in India | 14,134 | 3,646 | 10,487 | 14,752 | 3,367 | 11,384 | | 3.1.A.1 Equity and investment fund shares | 12,888 | 3,574 | 9,313 | 13,994 | 3,343 | 10,651 | | 3.1.A.1.1 Equity other than reinvestment of earnings | 10,153 | 3,574 | 6,579 | 10,895 | 3,343 | 7,553 | | 3.1.A.1.2 Reinvestment of earnings | 2,735 | – | 2,735 | 3,098 | – | 3,098 | | 3.1.A.2 Debt instruments | 1,246 | 72 | 1,174 | 758 | 25 | 733 | | 3.1.A.2.1 Direct investor in direct investment enterprises | 1,246 | 72 | 1,174 | 758 | 25 | 733 | | 3.1.B Direct Investment by India | 1,717 | 2,933 | –1,217 | 1,363 | 3,950 | –2,588 | | 3.1.B.1 Equity and investment fund shares | 1,717 | 2,029 | –312 | 1,363 | 3,201 | –1,838 | | 3.1.B.1.1 Equity other than reinvestment of earnings | 1,717 | 1,195 | 522 | 1,363 | 2,367 | –1,004 | | 3.1.B.1.2 Reinvestment of earnings | – | 834 | –834 | – | 834 | –834 | | 3.1.B.2 Debt instruments | – | 904 | –904 | – | 749 | –749 | | 3.1.B.2.1 Direct investor in direct investment enterprises | – | 904 | –904 | – | 749 | –749 | | 3.2 Portfolio Investment | 67,471 | 55,019 | 12,452 | 50,828 | 52,366 | –1,538 | | 3.2.A Portfolio Investment in India | 67,272 | 54,837 | 12,436 | 50,540 | 51,327 | –787 | | 3.2.1 Equity and investment fund shares | 53,992 | 48,344 | 5,648 | 40,988 | 40,805 | 183 | | 3.2.2 Debt securities | 13,280 | 6,493 | 6,788 | 9,552 | 10,522 | –970 | | 3.2.B Portfolio Investment by India | 198 | 182 | 16 | 288 | 1,038 | –751 | | 3.3 Financial derivatives (other than reserves) and employee stock options | 2,942 | 4,642 | –1,701 | 4,858 | 2,330 | 2,528 | | 3.4 Other investment | 63,102 | 53,066 | 10,036 | 55,441 | 61,803 | –6,363 | | 3.4.1 Other equity (ADRs/GDRs) | 1,271 | – | 1,271 | – | – | – | | 3.4.2 Currency and deposits | 18,055 | 12,866 | 5,189 | 15,086 | 10,664 | 4,422 | | 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 1,189 | – | 1,189 | 34 | – | 34 | | 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 16,866 | 12,866 | 4,000 | 15,052 | 10,664 | 4,388 | | 3.4.2.3 General government | – | – | – | – | – | – | | 3.4.2.4 Other sectors | – | – | – | – | – | – | | 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 13,723 | 15,567 | –1,845 | 13,011 | 27,804 | –14,793 | | 3.4.3.A Loans to India | 13,320 | 15,419 | –2,100 | 11,070 | 26,033 | –14,962 | | 3.4.3.B Loans by India | 403 | 148 | 255 | 1,941 | 1,771 | 169 | | 3.4.4 Insurance, pension, and standardized guarantee schemes | 54 | 54 | –0 | 28 | 709 | –681 | | 3.4.5 Trade credit and advances | 25,621 | 23,016 | 2,605 | 23,556 | 20,917 | 2,639 | | 3.4.6 Other accounts receivable/payable - other | 4,379 | 1,562 | 2,817 | 3,760 | 1,709 | 2,051 | | 3.4.7 Special drawing rights | – | – | – | – | – | – | | 3.5 Reserve assets | – | 30,149 | –30,149 | – | 3,274 | –3,274 | | 3.5.1 Monetary gold | – | – | – | – | – | – | | 3.5.2 Special drawing rights n.a. | – | – | – | – | – | – | | 3.5.3 Reserve position in the IMF n.a. | – | – | – | – | – | – | | 3.5.4 Other reserve assets (Foreign Currency Assets) | – | 30,149 | –30,149 | – | 3,274 | –3,274 | | 4 Total assets/liabilities | 149,365 | 149,456 | –91 | 127,240 | 127,091 | 149 | | 4.1 Equity and investment fund shares | 71,790 | 58,826 | 12,964 | 61,517 | 51,426 | 10,091 | | 4.2 Debt instruments | 71,925 | 58,919 | 13,006 | 61,963 | 70,681 | –8,719 | | 4.3 Other financial assets and liabilities | 5,650 | 31,711 | –26,062 | 3,760 | 4,984 | –1,224 | | 5 Net errors and omissions | 771 | – | 771 | 158 | – | 158 | | Note: Explanatory notes on these tables are available in December issue of RBI Bulletin, 2012. | |