TABLE 196 : INDIA'S OVERALL BALANCE OF PAYMENTS - QUARTERLY - US DOLLARS (Concld.) |
(US$ Million) |
Item/Year | April-June 2023 | July-September 2023 | October-December 2023 | January-March 2024 |
Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net |
1 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 |
A. Current account | | | | | | | | | | | | |
1. Merchandise | 104934 | 161637 | -56703 | 108271 | 172798 | -64527 | 106626 | 176568 | -69941 | 121652 | 172546 | -50894 |
2. Invisibles (a+b+c) | 116700 | 68966 | 47734 | 123416 | 70165 | 53251 | 129394 | 68177 | 61217 | 131909 | 75333 | 56576 |
a) Services | 80569 | 45448 | 35121 | 83352 | 43411 | 39941 | 87785 | 42767 | 45018 | 89357 | 46672 | 42685 |
i) Travel | 6412 | 9489 | -3077 | 7482 | 8662 | -1180 | 9850 | 7487 | 2363 | 9961 | 8063 | 1898 |
ii) Transportation | 7408 | 7693 | -285 | 7055 | 7277 | -222 | 6950 | 6457 | 493 | 7772 | 7829 | -57 |
iii) Insurance | 761 | 591 | 170 | 828 | 821 | 7 | 811 | 856 | -46 | 927 | 650 | 277 |
iv) G.n.i.e. | 159 | 250 | -91 | 140 | 244 | -104 | 182 | 280 | -98 | 129 | 315 | -186 |
v) Miscellaneous | 65830 | 27426 | 38404 | 67848 | 26408 | 41441 | 69993 | 27688 | 42305 | 70568 | 29814 | 40753 |
of Which | | | | | | | | | | | | |
Software services | 38172 | 4243 | 33928 | 39570 | 4333 | 35237 | 41041 | 4774 | 36267 | 41551 | 4908 | 36643 |
Business services | 21831 | 15203 | 6627 | 21472 | 13673 | 7799 | 22647 | 14067 | 8581 | 22620 | 16388 | 6232 |
Financial services | 1891 | 1152 | 739 | 2069 | 1183 | 887 | 2491 | 956 | 1535 | 1599 | 1269 | 330 |
Communication services | 831 | 324 | 507 | 887 | 365 | 522 | 701 | 397 | 303 | 498 | 506 | -7 |
b) Transfers | 27117 | 4279 | 22838 | 28147 | 3221 | 24926 | 31539 | 2237 | 29302 | 32097 | 3378 | 28719 |
i) Official | 20 | 255 | -235 | 23 | 267 | -244 | 94 | 230 | -135 | 51 | 282 | -231 |
ii) Private | 27097 | 4024 | 23073 | 28124 | 2954 | 25170 | 31445 | 2007 | 29438 | 32046 | 3096 | 28950 |
c) Income | 9014 | 19239 | -10225 | 11917 | 23533 | -11615 | 10069 | 23172 | -13103 | 10455 | 25283 | -14828 |
i) Investment income | 7187 | 18372 | -11185 | 10158 | 22616 | -12458 | 8058 | 22296 | -14237 | 8523 | 24244 | -15721 |
ii) Compensation of employees | 1827 | 868 | 959 | 1760 | 917 | 843 | 2010 | 876 | 1134 | 1932 | 1039 | 893 |
Total current account (1+2) | 221634 | 230602 | -8968 | 231688 | 242963 | -11276 | 236020 | 244745 | -8725 | 253561 | 247879 | 5682 |
B. Capital account | | | | | | | | | | | | |
1. Foreign investment (a+b) | 109053 | 88595 | 20458 | 128567 | 124460 | 4108 | 144348 | 128388 | 15961 | 158711 | 145366 | 13345 |
a) Foreign direct investment (i+ii) | 19278 | 14551 | 4727 | 16581 | 17420 | -839 | 18871 | 14923 | 3948 | 19834 | 17881 | 1954 |
i) In India | 17789 | 10427 | 7361 | 15718 | 12686 | 3032 | 18305 | 9947 | 8358 | 19128 | 11411 | 7718 |
Equity | 11266 | 9351 | 1915 | 9877 | 12278 | -2401 | 11912 | 8773 | 3140 | 12762 | 10934 | 1829 |
Reinvested earnings | 4541 | - | 4541 | 4740 | - | 4740 | 5155 | - | 5155 | 5332 | - | 5332 |
Other capital | 1983 | 1077 | 906 | 1101 | 409 | 692 | 1238 | 1175 | 63 | 1034 | 477 | 557 |
ii) Abroad | 1489 | 4123 | -2634 | 864 | 4734 | -3870 | 566 | 4976 | -4410 | 706 | 6470 | -5764 |
Equity | 1489 | 1864 | -375 | 864 | 1683 | -820 | 566 | 2355 | -1789 | 706 | 3208 | -2503 |
Reinvested earnings | - | 1446 | -1446 | - | 1446 | -1446 | - | 1446 | -1446 | - | 1446 | -1446 |
Other capital | - | 813 | -813 | - | 1604 | -1604 | - | 1174 | -1174 | - | 1815 | -1815 |
b) Portfolio investment | 89775 | 74045 | 15731 | 111986 | 107040 | 4947 | 125477 | 113465 | 12012 | 138877 | 127485 | 11392 |
i) In India | 88743 | 72654 | 16089 | 111127 | 105841 | 5286 | 124485 | 112814 | 11671 | 138217 | 126638 | 11579 |
FIIs | 88743 | 72654 | 16089 | 111127 | 105841 | 5286 | 124485 | 112814 | 11671 | 138217 | 126638 | 11579 |
of which: | | | | | | | | | | | | |
Equity | 77174 | 63525 | 13649 | 101529 | 97937 | 3593 | 108785 | 102117 | 6668 | 120784 | 119426 | 1358 |
Debt | 11569 | 9129 | 2440 | 9598 | 7905 | 1693 | 15701 | 10697 | 5003 | 17432 | 7212 | 10221 |
GDRs/ADRs | - | - | - | - | - | - | - | - | - | - | - | - |
ii) Abroad | 1032 | 1391 | -358 | 859 | 1198 | -339 | 991 | 651 | 341 | 660 | 847 | -187 |
2. Loans (a+b+c) | 30358 | 28066 | 2292 | 29728 | 26444 | 3284 | 23728 | 29360 | -5632 | 30700 | 28949 | 1751 |
a) External assistance | 3032 | 1603 | 1429 | 2601 | 1800 | 802 | 4605 | 1401 | 3204 | 3587 | 1562 | 2025 |
i) By India | 9 | 49 | -40 | 9 | 49 | -40 | 9 | 48 | -40 | 8 | 31 | -23 |
ii) To India | 3023 | 1553 | 1470 | 2592 | 1751 | 842 | 4596 | 1353 | 3244 | 3579 | 1531 | 2048 |
b) Commercial borrowings (MT<) | 15451 | 9599 | 5852 | 7465 | 10413 | -2948 | 6588 | 11056 | -4468 | 15113 | 13418 | 1695 |
i) By India | 2212 | 2071 | 140 | 2853 | 3926 | -1073 | 2712 | 4503 | -1791 | 3401 | 4308 | -907 |
ii) To India | 13239 | 7528 | 5711 | 4612 | 6487 | -1875 | 3876 | 6553 | -2677 | 11711 | 9110 | 2601 |
c) Short term Credit to India | 11875 | 16864 | -4989 | 19662 | 14232 | 5430 | 12535 | 16903 | -4368 | 12000 | 13969 | -1969 |
i) Suppliers' Credit > 180 days & Buyers' Credit | 11875 | 14352 | -2477 | 17632 | 14232 | 3400 | 12535 | 15723 | -3188 | 12000 | 12865 | -865 |
ii) Suppliers' credit up to 180 days | - | 2512 | -2512 | 2030 | - | 2030 | - | 1180 | -1180 | - | 1104 | -1104 |
3. Banking capital (a+b) | 33279 | 20339 | 12940 | 34020 | 29686 | 4333 | 40849 | 24492 | 16358 | 40722 | 33811 | 6911 |
a) Commercial banks | 33107 | 20339 | 12769 | 34020 | 29614 | 4405 | 40654 | 24492 | 16162 | 39768 | 33811 | 5957 |
i) Assets | 13315 | 3382 | 9934 | 8673 | 11210 | -2538 | 16550 | 5276 | 11274 | 9220 | 12330 | -3110 |
ii) Liabilities | 19792 | 16957 | 2835 | 25347 | 18404 | 6943 | 24103 | 19215 | 4888 | 30548 | 21481 | 9067 |
of which: Non-Resident Deposits | 18896 | 16688 | 2208 | 21257 | 18048 | 3209 | 22381 | 18461 | 3921 | 26041 | 20678 | 5363 |
b) Others | 172 | 0 | 172 | 0 | 72 | -72 | 196 | 0 | 196 | 955 | - | 955 |
4. Rupee debt service | - | 62 | -62 | - | 1 | -1 | - | 2 | -2 | - | 7 | -7 |
5. Other capital | 9143 | 10832 | -1689 | 13488 | 12383 | 1105 | 5606 | 17315 | -11709 | 17978 | 15445 | 2533 |
Total capital account (1 to 5) | 181832 | 147894 | 33938 | 205804 | 192975 | 12829 | 214531 | 199556 | 14975 | 248111 | 223578 | 24534 |
C. Errors & omissions | - | 538 | -538 | 965 | - | 965 | - | 253 | -253 | 538 | - | 538 |
D. Overall balance (A+B+C) | 403466 | 379035 | 24432 | 438457 | 435938 | 2519 | 450551 | 444553 | 5998 | 502210 | 471456 | 30754 |
E. Monetary movements (i+ii) | - | 24432 | -24432 | - | 2519 | -2519 | - | 5998 | -5998 | - | 30754 | -30754 |
i) I.M.F. | - | - | - | - | - | - | - | - | - | - | - | - |
ii) Foreign Exchange Reserves (Increase - / Decrease +) | - | 24432 | -24432 | - | 2519 | -2519 | - | 5998 | -5998 | - | 30754 | -30754 |
of which: SDR Allocation | - | - | - | - | - | - | - | - | - | - | - | - |
Notes : 1. G.n.i.e.: Government not included elsewhere. 2. Data for 2023-24 are preliminary estimates. 3. Totals may not tally due to rounding off. Also see Notes on Tables. Source : Reserve Bank of India. |