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Date : Sep 15, 2022

Table 128 : India’s Overall Balance of Payments - US Dollar

(US $ Million) Item/Year 2016-17 2017-18 2018-19 Credit Debit Net Credit Debit Net Credit Debit Net 1 2 3 4 5 6 7 8 9 10 A. Current account                   1. Merchandise 280138 392580 -112442 308970 469006 -160036 337237 517519 -180283 2. Invisibles (a+b+c) 242051 144025 98026 283406 172087 111319 306483 183457 123026 a) Services 164197 95852 68345 195089 117527 77562 208000 126060 81941 i) Travel 23244 16451 6792 28355 19516 8839 28441 21704 6737 ii) Transportation 15851 14132 1719 17441 17608 -166 19464 20529 -1065 iii) Insurance 2206 1496 710 2506 1700 806 2661 1790 871 iv) G.n.i.e. 588 600 -11 664 794 -130 610 1114 -504 v) Miscellaneous 122308 63174 59134 146122 77909 68213 156824 80922 75902 of which : Software services 74350 3587 70763 77326 5139 72186 83466 5812 77654 Business services 32946 32317 629 37346 36630 715 39112 40413 -1301 Financial services 5099 5852 -754 5164 5537 -373 4858 3486 1372 Communication services 2375 910 1465 2098 954 1144 2561 1130 1431 b) Transfers 61564 5581 55983 69455 7017 62438 76643 6697 69946 i) Official 268 857 -590 326 837 -511 247 902 -655 ii) Private 61296 4723 56573 69129 6180 62949 76396 5795 70601 c) Income 16291 42593 -26302 18862 47542 -28681 21839 50700 -28861 i) Investment income 12353 40050 -27697 14404 45243 -30839 17101 48321 -31219 ii) Compensation of employees 3937 2543 1395 4457 2299 2158 4738 2380 2358 Total Current account (1+2) 522189 536606 -14417 592376 641093 -48717 643719 700976 -57256 B. Capital account                   1. Foreign investment (a+b) 310522 267299 43224 359546 307145 52401 321776 291682 30094 a) Foreign direct investment (i+ii) 70784 35172 35612 64461 34175 30286 64846 34134 30712 i) In India 60220 18005 42215 60974 21544 39431 62001 18699 43302 Equity 44701 17318 27383 45521 21325 24196 45055 18452 26604 Reinvested earnings 12343 0 12343 12542 0 12542 13672 0 13672 Other Capital 3176 687 2489 2911 219 2692 3274 247 3027 ii) Abroad 10564 17167 -6603 3487 12632 -9144 2845 15435 -12590 Equity 10564 9792 772 3487 5254 -1767 2845 7201 -4356 Reinvested earnings 0 2925 -2925 0 2853 -2853 0 3032 -3032 Other capital 0 4450 -4450 0 4525 -4525 0 5202 -5202 b) Portfolio investment 239738 232127 7612 295084 272969 22115 256930 257548 -618 i) In India 237514 229748 7766 293529 271364 22165 253714 254118 -405 of which: FIIs 237514 229748 7766 293529 271364 22165 251894 254118 -2225 GDRs/ADRs 0 0 0 0 0 0 1820 0 1820 ii) Abroad 2224 2378 -154 1556 1605 -50 3216 3429 -213 2. Loans (a+b+c) 120532 118153 2379 147111 130451 16660 94099 78249 15850 a) External assistance 6495 4482 2013 7718 4774 2944 8606 5192 3413 i) By India 58 231 -173 55 124 -69 47 120 -73 ii) To India 6437 4251 2186 7663 4650 3013 8559 5073 3487 b) Commercial borrowings 22584 28686 -6102 38879 39062 -183 42162 31746 10416 i) By India 4532 3044 1488 14292 13676 616 13862 13215 647 ii) To India 18052 25642 -7590 24587 25386 -799 28300 18531 9769 c) Short term to India 91453 84986 6467 100514 86614 13900 43332 41311 2021 i) Suppliers' Credit >180 days & Buyers' Credit 89745 84797 4948 96756 86614 10142 27490 41311 -13821 ii) Suppliers' credit up to 180 days 1708 189 1519 3758 0 3758 15842 0 15842 3. Banking capital (a+b) 83669 100285 -16616 95673 79483 16190 92798 85365 7433 a) Commercial Banks 83381 100283 -16902 95255 79064 16191 91791 84664 7127 i) Assets 29654 28884 771 25532 25834 -302 22936 29633 -6697 ii) Liabilities 53727 71399 -17672 69723 53230 16493 68855 55031 13824 of which: Non-Resident Deposits 47639 60006 -12367 59544 49868 9676 59251 48864 10387 b) Others 288 2 286 417 419 -1 1007 702 306 4. Rupee debt service 0 99 -99 0 75 -75 0 31 -31 5. Other capital 35925 28366 7559 41282 35069 6213 33809 32751 1057 Total capital account (1 to 5) 550649 514202 36447 643612 552222 91390 542482 488080 54403 C. Errors & omissions 377 857 -480 1900 998 902 582 1068 -486 D. Overall balance (A+B+C) 1073215 1051665 21550 1237887 1194313 43574 1186784 1190123 -3339 E. Monetary movements (i+ii) 1242 22792 -21550 0 43574 -43574 17502 14162 3339 i) I.M.F. 0 0 0 0 0 0 0 0 0 ii) Foreign exchange reserves (Increase- / Decrease+) 1242 22792 -21550 0 43574 -43574 17502 14162 3339 of which: SDR Allocation - - - - - - - - - (Continued) TABLE 128 : INDIA'S OVERALL BALANCE OF PAYMENTS - US DOLLAR (Concld.) (US $ Million) Item/Year 2019-20 2020-21 2021-22 Credit Debit Net Credit Debit Net Credit Debit Net 1 11 12 13 14 15 16 17 18 19 A. Current account                   1. Merchandise 320431 477937 -157506 296300 398452 -102152 429164 618623 -189459 2. Invisibles (a+b+c) 321712 188862 132850 307253 181188 126065 369600 218906 150694 a) Services 213191 128269 84922 206090 117524 88565 254527 147011 107516 i) Travel 29998 22011 7987 8483 11507 -3024 9099 16272 -7173 ii) Transportation 20988 24285 -3297 21854 19755 2099 32660 35836 -3177 iii) Insurance 2431 1738 692 2376 2058 318 3316 2076 1241 iv) G.n.i.e. 659 1107 -448 630 1021 -392 803 968 -165 v) Miscellaneous 159115 79128 79987 172746 83182 89564 208649 91859 116790 of which : Software services 93102 8459 84643 99997 10257 89741 122093 12554 109540 Business services 45716 46881 -1165 49161 49522 -361 58967 51681 7286 Financial services 4734 2919 1814 4338 4763 -424 5472 5620 -147 Communication services 2723 1296 1426 2801 1438 1363 3137 1130 2007 b) Transfers 83356 8147 75208 80328 6868 73460 89322 8875 80447 i) Official 161 1170 -1009 143 1122 -979 195 978 -783 ii) Private 83195 6977 76217 80185 5746 74439 89127 7898 81230 c) Income 25166 52446 -27281 20835 56796 -35960 25751 63020 -37269 i) Investment income 19542 49752 -30210 14840 53993 -39154 19391 59957 -40565 ii) Compensation of employees 5623 2694 2929 5996 2802 3193 6360 3063 3296 Total Current account (1+2) 642143 666799 -24656 603553 579640 23912 798764 837529 -38766 B. Capital account                   1. Foreign investment (a+b) 368534 324118 44417 400001 319909 80092 478000 456191 21809 a) Foreign direct investment (i+ii) 77794 34780 43013 86286 42330 43955 88235 49649 38587 i) In India 74390 18384 56006 81973 27046 54927 84835 28605 56231 Equity 51734 18212 33522 61088 26983 34105 59684 27189 32495 Reinvested earnings 14175 0 14175 16935 0 16935 19347 0 19347 Other Capital 8482 173 8309 3950 63 3887 5805 1416 4389 ii) Abroad 3403 16396 -12993 4313 15285 -10972 3400 21044 -17644 Equity 3403 7572 -4168 4313 5583 -1271 3400 10061 -6661 Reinvested earnings 0 3151 -3151 0 3013 -3013 0 3379 -3379 Other capital 0 5674 -5674 0 6688 -6688 0 7604 -7604 b) Portfolio investment 290741 289337 1403 313715 277579 36137 389764 406542 -16777 i) In India 284128 283576 552 312005 273279 38725 385710 399781 -14071 of which: FIIs 284128 283576 552 312005 273279 38725 385710 399781 -14071 GDRs/ADRs 0 0 0 0 0 0 0 0 0 ii) Abroad 6612 5761 851 1711 4299 -2589 4054 6761 -2706 2. Loans (a+b+c) 94239 68553 25686 85650 78747 6903 105457 71851 33605 a) External assistance 9330 5579 3751 16898 5731 11167 10990 5625 5366 i) By India 8 113 -105 38 82 -44 51 65 -14 ii) To India 9323 5466 3856 16860 5649 11211 10940 5560 5379 b) Commercial borrowings 46149 23188 22960 31388 31522 -134 30110 21975 8135 i) By India 6843 5563 1280 2863 3237 -374 1884 1156 728 ii) To India 39305 17625 21680 28525 28285 240 28226 20819 7407 c) Short term to India 38759 39785 -1026 37365 41494 -4130 64356 44252 20105 i) Suppliers' Credit >180 days & Buyers' Credit 37359 38233 -873 35284 39984 -4700 45447 44252 1196 ii) Suppliers' credit up to 180 days 1400 1552 -152 2080 1510 570 18909 0 18909 3. Banking capital (a+b) 84716 90031 -5315 74284 95351 -21067 102886 96217 6669 a) Commercial Banks 84603 89255 -4653 73662 94583 -20921 102497 95386 7111 i) Assets 26819 31225 -4406 23603 44975 -21372 50645 48592 2053 ii) Liabilities 57784 58030 -246 50059 49608 451 51851 46794 5058 of which: Non-Resident Deposits 55490 46863 8627 46465 39101 7364 45395 42161 3234 b) Others 113 776 -663 621 767 -146 390 831 -441 4. Rupee debt service 0 69 -69 0 64 -64 0 71 -71 5. Other capital 62549 44087 18462 39090 41233 -2143 75059 51265 23794 Total capital account (1 to 5) 610038 526858 83180 599025 535304 63721 761402 675595 85807 C. Errors & omissions 1856 882 974 951 1298 -347 1433 974 459 D. Overall balance (A+B+C) 1254037 1194539 59498 1203529 1116242 87286 1561599 1514098 47501 E. Monetary movements (i+ii) 0 59498 -59498 0 87286 -87286 16024 63524 -47501 i) I.M.F. - - - 0 0 0 0 0 0 ii) Foreign exchange reserves (Increase- / Decrease+) 0 59498 -59498 0 87286 -87286 16024 63524 -47501 of which: SDR Allocation - - - - - - - 17862 -17862 G.n.i.e. : Government not included elsewhere. Notes : 1. Data for 2021-22 are preliminary estimates 2. Total may not tally due to rounding off. Also see Notes on Tables.