| (₹ Billion) | | Item | Jan-Mar 2016 (PR) | Jan-Mar 2017 (P) | | Credit | Debit | Net | Credit | Debit | Net | | 1 | 2 | 3 | 4 | 5 | 6 | | 1 Current Account (1.A+1.B+1.C) | 8,414 | 8,436 | –21 | 9,267 | 9,497 | –230 | | 1.A Goods and Services (1.A.a+1.A.b) | 7,104 | 7,690 | –586 | 7,912 | 8,722 | –810 | | 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 4,444 | 6,115 | –1,671 | 5,184 | 7,175 | –1,992 | | 1.A.a.1 General merchandise on a BOP basis | 4,594 | 5,758 | –1,164 | 5,202 | 6,525 | –1,324 | | 1.A.a.2 Net exports of goods under merchanting | –150 | 0 | –150 | –18 | 0 | –18 | | 1.A.a.3 Nonmonetary gold | 0 | 357 | –357 | – | 650 | –650 | | 1.A.b Services (1.A.b.1 to 1.A.b.13) | 2,661 | 1,575 | 1,085 | 2,728 | 1,547 | 1,182 | | 1.A.b.1 Manufacturing services on physical inputs owned by others | 3 | 2 | 1 | 2 | 1 | 1 | | 1.A.b.2 Maintenance and repair services n.i.e. | 2 | 6 | –3 | 5 | 8 | –3 | | 1.A.b.3 Transport | 240 | 247 | –8 | 283 | 248 | 36 | | 1.A.b.4 Travel | 399 | 242 | 157 | 450 | 243 | 207 | | 1.A.b.5 Construction | 34 | 21 | 12 | 38 | 16 | 21 | | 1.A.b.6 Insurance and pension services | 35 | 17 | 18 | 40 | 29 | 10 | | 1.A.b.7 Financial services | 66 | 40 | 26 | 67 | 96 | –28 | | 1.A.b.8 Charges for the use of intellectual property n.i.e. | 7 | 73 | –67 | 9 | 90 | –81 | | 1.A.b.9 Telecommunications, computer, and information services | 1,266 | 80 | 1,185 | 1,243 | 86 | 1,158 | | 1.A.b.10 Other business services | 492 | 585 | –93 | 558 | 548 | 10 | | 1.A.b.11 Personal, cultural, and recreational services | 23 | 10 | 13 | 22 | 30 | –8 | | 1.A.b.12 Government goods and services n.i.e. | 9 | 16 | –7 | 9 | 10 | –1 | | 1.A.b.13 Others n.i.e. | 86 | 236 | –150 | 3 | 142 | –139 | | 1.B Primary Income (1.B.1 to 1.B.3) | 248 | 695 | –447 | 300 | 672 | –372 | | 1.B.1 Compensation of employees | 57 | 37 | 19 | 75 | 43 | 32 | | 1.B.2 Investment income | 163 | 647 | –484 | 176 | 615 | –439 | | 1.B.2.1 Direct investment | 95 | 305 | –211 | 88 | 293 | –205 | | 1.B.2.2 Portfolio investment | 2 | 127 | –126 | 3 | 112 | –109 | | 1.B.2.3 Other investment | 11 | 214 | –204 | 16 | 210 | –193 | | 1.B.2.4 Reserve assets | 56 | 0 | 56 | 68 | 0 | 68 | | 1.B.3 Other primary income | 28 | 11 | 18 | 50 | 15 | 35 | | 1.C Secondary Income (1.C.1+1.C.2) | 1,062 | 50 | 1,011 | 1,054 | 102 | 952 | | 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 1,059 | 37 | 1,022 | 1,052 | 89 | 963 | | 1.C.1.1 Personal transfers (Current transfers between resident and/ non-resident households) | 1,023 | 31 | 992 | 1,016 | 72 | 944 | | 1.C.1.2 Other current transfers | 36 | 5 | 31 | 37 | 17 | 19 | | 1.C.2 General government | 3 | 14 | –11 | 2 | 13 | –11 | | 2 Capital Account (2.1+2.2) | 5 | 4 | 1 | 6 | 5 | 2 | | 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 2 | 0 | 1 | 3 | 1 | 2 | | 2.2 Capital transfers | 3 | 4 | –1 | 3 | 4 | –1 | | 3 Financial Account (3.1 to 3.5) | 8,589 | 8,579 | 10 | 9,720 | 9,516 | 204 | | 3.1 Direct Investment (3.1A+3.1B) | 1,088 | 494 | 594 | 938 | 603 | 335 | | 3.1.A Direct Investment in India | 996 | 227 | 768 | 827 | 214 | 613 | | 3.1.A.1 Equity and investment fund shares | 945 | 226 | 719 | 751 | 189 | 562 | | 3.1.A.1.1 Equity other than reinvestment of earnings | 735 | 226 | 510 | 534 | 189 | 345 | | 3.1.A.1.2 Reinvestment of earnings | 209 | 0 | 209 | 217 | 0 | 217 | | 3.1.A.2 Debt instruments | 51 | 2 | 50 | 76 | 26 | 50 | | 3.1.A.2.1 Direct investor in direct investment enterprises | 51 | 2 | 50 | 76 | 26 | 50 | | 3.1.B Direct Investment by India | 92 | 267 | –175 | 111 | 389 | –278 | | 3.1.B.1 Equity and investment fund shares | 92 | 216 | –124 | 111 | 282 | –171 | | 3.1.B.1.1 Equity other than reinvestment of earnings | 92 | 160 | –68 | 111 | 233 | –122 | | 3.1.B.1.2 Reinvestment of earnings | 0 | 56 | –56 | 0 | 49 | –49 | | 3.1.B.2 Debt instruments | 0 | 51 | –51 | 0 | 107 | –107 | | 3.1.B.2.1 Direct investor in direct investment enterprises | 0 | 51 | –51 | 0 | 107 | –107 | | 3.2 Portfolio Investment | 3,431 | 3,535 | –104 | 4,763 | 4,040 | 724 | | 3.2.A Portfolio Investment in India | 3,412 | 3,465 | –53 | 4,748 | 4,002 | 746 | | 3.2.1 Equity and investment fund shares | 2,767 | 2,755 | 12 | 3,828 | 3,396 | 432 | | 3.2.2 Debt securities | 645 | 710 | –65 | 921 | 606 | 314 | | 3.2.B Portfolio Investment by India | 19 | 70 | –51 | 15 | 37 | –22 | | 3.3 Financial derivatives (other than reserves) and employee stock options | 328 | 157 | 171 | 293 | 98 | 195 | | 3.4 Other investment | 3,742 | 4,172 | –429 | 3,725 | 4,286 | –560 | | 3.4.1 Other equity (ADRs/GDRs) | 0 | 0 | 0 | 0 | 0 | 0 | | 3.4.2 Currency and deposits | 1,018 | 720 | 299 | 1,006 | 825 | 181 | | 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 2 | 0 | 2 | 0 | 0 | 0 | | 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 1,016 | 720 | 296 | 1,006 | 825 | 181 | | 3.4.2.3 General government | – | – | – | – | – | – | | 3.4.2.4 Other sectors | – | – | – | – | – | – | | 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 878 | 1,877 | –999 | 672 | 1,727 | –1,056 | | 3.4.3.A Loans to India | 747 | 1,757 | –1,010 | 554 | 1,611 | –1,057 | | 3.4.3.B Loans by India | 131 | 120 | 11 | 117 | 116 | 1 | | 3.4.4 Insurance, pension, and standardized guarantee schemes | 2 | 48 | –46 | 2 | 11 | –10 | | 3.4.5 Trade credit and advances | 1,590 | 1,412 | 178 | 1,693 | 1,426 | 268 | | 3.4.6 Other accounts receivable/payable - other | 254 | 115 | 138 | 352 | 296 | 56 | | 3.4.7 Special drawing rights | – | – | – | – | – | – | | 3.5 Reserve assets | 0 | 221 | –221 | 0 | 490 | –490 | | 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) | 0 | 221 | –221 | 0 | 490 | –490 | | 4 Total assets/liabilities | 8,589 | 8,579 | 10 | 9,720 | 9,516 | 204 | | 4.1 Equity and investment fund shares | 4,153 | 3,471 | 681 | 5,000 | 4,013 | 987 | | 4.2 Debt instruments | 4,183 | 4,771 | –589 | 4,368 | 4,717 | –349 | | 4.3 Other financial assets and liabilities | 254 | 336 | –83 | 352 | 786 | –434 | | 5 Net errors and omissions | 11 | – | 11 | 25 | – | 25 | | Note: Explanatory notes on these tables are available in December issue of RBI Bulletin, 2012. | |