| (US$ Million) |
| Item/Year | 2021-22 | 2022-23 |
| Credit | Debit | Net | Credit | Debit | Net |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 1 Current Account (1.A+1.B+1.C) | 798749 | 837441 | -38691 | 921865 | 988848 | -66984 |
| 1.A Goods and Services (1.A.a+1.A.b) | 683690 | 765634 | -81944 | 781402 | 903410 | -122008 |
| 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 429164 | 618623 | -189459 | 456073 | 721364 | -265291 |
| 1.A.a.1 General merchandise on a BOP basis | 428481 | 572457 | -143977 | 454399 | 686348 | -231949 |
| 1.A.a.2 Net exports of goods under merchanting | 683 | - | 683 | 1674 | - | 1674 |
| 1.A.a.3 Nonmonetary gold | - | 46166 | -46166 | - | 35016 | -35016 |
| 1.A.b Services (1.A.b.1 to 1.A.b.13) | 254527 | 147011 | 107516 | 325329 | 182046 | 143283 |
| 1.A.b.1 Manufacturing services on physical inputs owned by others | 501 | 67 | 435 | 1511 | 215 | 1296 |
| 1.A.b.2 Maintenance and repair services n.i.e. | 243 | 1380 | -1137 | 209 | 1872 | -1664 |
| 1.A.b.3 Transport | 32660 | 35836 | -3177 | 36091 | 40617 | -4526 |
| 1.A.b.4 Travel | 9099 | 16272 | -7173 | 27049 | 28447 | -1398 |
| 1.A.b.5 Construction | 2645 | 2920 | -275 | 3826 | 2840 | 985 |
| 1.A.b.6 Insurance and pension services | 3316 | 2076 | 1241 | 3277 | 2347 | 930 |
| 1.A.b.7 Financial services | 5472 | 5620 | -147 | 7815 | 5708 | 2106 |
| 1.A.b.8 Charges for the use of intellectual property n.i.e. | 825 | 9043 | -8218 | 1265 | 10639 | -9374 |
| 1.A.b.9 Telecommunications, computer, and information services | 125579 | 14489 | 111089 | 152285 | 19773 | 132512 |
| 1.A.b.10 Other business services | 58967 | 51681 | 7286 | 80350 | 59706 | 20644 |
| 1.A.b.11 Personal, cultural, and recreational services | 3164 | 4476 | -1311 | 3906 | 5452 | -1546 |
| 1.A.b.12 Government goods and services n.i.e. | 803 | 968 | -165 | 683 | 1015 | -332 |
| 1.A.b.13 Others n.i.e. | 11252 | 2184 | 9068 | 7063 | 3414 | 3649 |
| 1.B Primary Income (1.B.1 to 1.B.3) | 25751 | 63020 | -37269 | 27845 | 73769 | -45923 |
| 1.B.1 Compensation of employees | 6360 | 3063 | 3296 | 6732 | 3421 | 3311 |
| 1.B.2 Investment income | 14745 | 57814 | -43069 | 15799 | 68815 | -53016 |
| 1.B.2.1 Direct investment | 8512 | 36960 | -28448 | 8384 | 41211 | -32827 |
| 1.B.2.2 Portfolio investment | 421 | 8243 | -7822 | 265 | 10128 | -9864 |
| 1.B.2.3 Other investment | 286 | 12603 | -12317 | 605 | 17151 | -16547 |
| 1.B.2.4 Reserve assets | 5526 | 8 | 5518 | 6545 | 324 | 6222 |
| 1.B.3 Other primary income | 4646 | 2142 | 2504 | 5315 | 1533 | 3782 |
| 1.C Secondary Income (1.C.1+1.C.2) | 89308 | 8786 | 80522 | 112618 | 11669 | 100948 |
| 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 89127 | 7898 | 81230 | 112465 | 10689 | 101776 |
| 1.C.1.1 Personal transfers (Current transfers between resident and/non-resident households) | 85697 | 5575 | 80122 | 109611 | 7736 | 101876 |
| 1.C.1.2 Other current transfers | 3431 | 2323 | 1108 | 2854 | 2953 | -99 |
| 1.C.2 General government | 181 | 889 | -708 | 153 | 981 | -828 |
| 2 Capital Account (2.1+2.2) | 777 | 975 | -198 | 677 | 795 | -118 |
| 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 280 | 383 | -104 | 168 | 240 | -72 |
| 2.2 Capital transfers | 497 | 592 | -95 | 509 | 555 | -46 |
| 3 Financial Account (3.1 to 3.5) | 776663 | 738233 | 38430 | 702268 | 634143 | 68126 |
| 3.1 Direct Investment (3.1A+3.1B) | 88235 | 49649 | 38587 | 75232 | 47246 | 27986 |
| 3.1.A Direct Investment in India | 84835 | 28605 | 56231 | 71355 | 29349 | 42006 |
| 3.1.A.1 Equity and investment fund shares | 79030 | 27189 | 51841 | 66705 | 27094 | 39611 |
| 3.1.A.1.1 Equity other than reinvestment of earnings | 59684 | 27189 | 32495 | 47600 | 27094 | 20506 |
| 3.1.A.1.2 Reinvestment of earnings | 19347 | - | 19347 | 19105 | - | 19105 |
| 3.1.A.2 Debt instruments | 5805 | 1416 | 4389 | 4650 | 2255 | 2395 |
| 3.1.A.2.1 Direct investor in direct investment enterprises | 5805 | 1416 | 4389 | 4650 | 2255 | 2395 |
| 3.1.B Direct Investment by India | 3400 | 21044 | -17644 | 3877 | 17897 | -14020 |
| 3.1.B.1 Equity and investment fund shares | 3400 | 13440 | -10040 | 3877 | 13183 | -9305 |
| 3.1.B.1.1 Equity other than reinvestment of earnings | 3400 | 10061 | -6661 | 3877 | 8771 | -4894 |
| 3.1.B.1.2 Reinvestment of earnings | - | 3379 | -3379 | - | 4412 | -4412 |
| 3.1.B.2 Debt instruments | - | 7604 | -7604 | - | 4714 | -4714 |
| 3.1.B.2.1 Direct investor in direct investment enterprises | - | 7604 | -7604 | - | 4714 | -4714 |
| 3.2 Portfolio Investment | 389764 | 406542 | -16777 | 309857 | 315009 | -5152 |
| 3.2.A Portfolio Investment in India | 385710 | 399781 | -14071 | 307473 | 312301 | -4828 |
| 3.2.1 Equity and investment fund shares | 343081 | 358702 | -15621 | 273934 | 279906 | -5972 |
| 3.2.2 Debt securities | 42629 | 41079 | 1550 | 33539 | 32395 | 1144 |
| 3.2.B Portfolio Investment by India | 4054 | 6761 | -2706 | 2384 | 2708 | -324 |
| 3.3 Financial derivatives (other than reserves) and employee stock options | 18390 | 24802 | -6412 | 21891 | 27253 | -5363 |
| 3.4 Other investment | 264250 | 193717 | 70533 | 264909 | 223391 | 41519 |
| 3.4.1 Other equity (ADRs/GDRs) | - | - | - | - | - | - |
| 3.4.2 Currency and deposits | 45784 | 42992 | 2792 | 64350 | 55947 | 8403 |
| 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 390 | 831 | -441 | 75 | 661 | -586 |
| 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 45395 | 42161 | 3234 | 64274 | 55285 | 8989 |
| 3.4.2.3 General government | - | - | - | - | - | - |
| 3.4.2.4 Other sectors | - | - | - | - | - | - |
| 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 98202 | 80825 | 17377 | 97286 | 82979 | 14308 |
| 3.4.3.A Loans to India | 96268 | 79604 | 16663 | 95970 | 81953 | 14017 |
| 3.4.3.B Loans by India | 1935 | 1221 | 714 | 1316 | 1026 | 291 |
| 3.4.4 Insurance, pension, and standardized guarantee schemes | 196 | 182 | 14 | 204 | 252 | -48 |
| 3.4.5 Trade credit and advances | 64356 | 44252 | 20105 | 68330 | 61791 | 6539 |
| 3.4.6 Other accounts receivable/payable - other | 37848 | 25466 | 12382 | 34739 | 22422 | 12317 |
| 3.4.7 Special drawing rights | 17862 | - | 17862 | - | - | - |
| 3.5 Reserve assets | 16024 | 63524 | -47501 | 30379 | 21244 | 9135 |
| 3.5.1 Monetary gold | - | - | - | - | - | - |
| 3.5.2 Special drawing rights n.a. | - | 17862 | -17862 | - | - | - |
| 3.5.3 Reserve position in the IMF n.a. | - | - | - | - | - | - |
| 3.5.4 Other reserve assets (Foreign Currency Assets) | 16024 | 45662 | -29638 | 30379 | 21244 | 9135 |
| 4 Total assets/liabilities | 776663 | 738233 | 38430 | 702268 | 634143 | 68126 |
| 4.1 Equity and investment fund shares | 448152 | 431075 | 17077 | 368995 | 350396 | 18599 |
| 4.2 Debt instruments | 256777 | 218167 | 38610 | 268155 | 240081 | 28074 |
| 4.3 Other financial assets and liabilities | 71734 | 88990 | -17256 | 65118 | 43666 | 21452 |
| 5 Net errors and omissions | 1433 | 974 | 459 | 900 | 1924 | -1024 |
| (Continued) |
| Table 129 : STANDARD PRESENTATION OF INDIA’S BALANCE OF PAYMENTS AS PER BPM6- US DOLLARS (Concld.) |
| (US$ Million) |
| Item/Year | 2023-24 | 2024-25 |
| Credit | Debit | Net | Credit | Debit | Net |
| 1 | 8 | 9 | 10 | 11 | 12 | 13 |
| 1 Current Account (1.A+1.B+1.C) | 942848 | 968882 | -26033 | 1018318 | 1041573 | -23256 |
| 1.A Goods and Services (1.A.a+1.A.b) | 782505 | 864665 | -82159 | 829331 | 927721 | -98390 |
| 1.A.a Goods (1.A.a.1 to 1.A.a.3) | 441443 | 686354 | -244911 | 441790 | 729004 | -287214 |
| 1.A.a.1 General merchandise on a BOP basis | 439285 | 640812 | -201527 | 441124 | 670998 | -229874 |
| 1.A.a.2 Net exports of goods under merchanting | 2158 | - | 2158 | 666 | - | 666 |
| 1.A.a.3 Nonmonetary gold | - | 45542 | -45542 | - | 58006 | -58006 |
| 1.A.b Services (1.A.b.1 to 1.A.b.13) | 341062 | 178311 | 162752 | 387540 | 198717 | 188824 |
| 1.A.b.1 Manufacturing services on physical inputs owned by others | 1446 | 118 | 1328 | 1069 | 119 | 950 |
| 1.A.b.2 Maintenance and repair services n.i.e. | 206 | 1492 | -1286 | 351 | 1097 | -746 |
| 1.A.b.3 Transport | 29183 | 29256 | -72 | 33748 | 35029 | -1281 |
| 1.A.b.4 Travel | 33704 | 33701 | 4 | 34152 | 34843 | -691 |
| 1.A.b.5 Construction | 4579 | 2789 | 1791 | 5341 | 3167 | 2174 |
| 1.A.b.6 Insurance and pension services | 3326 | 2917 | 408 | 3563 | 3035 | 528 |
| 1.A.b.7 Financial services | 8051 | 4560 | 3491 | 8480 | 4068 | 4412 |
| 1.A.b.8 Charges for the use of intellectual property n.i.e. | 1555 | 14986 | -13431 | 1786 | 17255 | -15469 |
| 1.A.b.9 Telecommunications, computer, and information services | 163610 | 20934 | 142676 | 183347 | 24273 | 159074 |
| 1.A.b.10 Other business services | 88570 | 59331 | 29239 | 107212 | 66646 | 40566 |
| 1.A.b.11 Personal, cultural, and recreational services | 4437 | 6319 | -1882 | 4699 | 5755 | -1056 |
| 1.A.b.12 Government goods and services n.i.e. | 609 | 1088 | -479 | 641 | 1261 | -620 |
| 1.A.b.13 Others n.i.e. | 1785 | 820 | 965 | 3151 | 2168 | 983 |
| 1.B Primary Income (1.B.1 to 1.B.3) | 41455 | 91191 | -49736 | 53402 | 101771 | -48369 |
| 1.B.1 Compensation of employees | 7529 | 3700 | 3829 | 8339 | 4079 | 4261 |
| 1.B.2 Investment income | 28031 | 85644 | -57613 | 37600 | 95383 | -57783 |
| 1.B.2.1 Direct investment | 9299 | 49895 | -40596 | 11681 | 55822 | -44141 |
| 1.B.2.2 Portfolio investment | 437 | 10201 | -9764 | 352 | 11096 | -10744 |
| 1.B.2.3 Other investment | 2468 | 24689 | -22221 | 3814 | 27640 | -23826 |
| 1.B.2.4 Reserve assets | 15827 | 859 | 14968 | 21753 | 826 | 20928 |
| 1.B.3 Other primary income | 5895 | 1847 | 4048 | 7463 | 2309 | 5154 |
| 1.C Secondary Income (1.C.1+1.C.2) | 118888 | 13026 | 105863 | 135585 | 12082 | 123503 |
| 1.C.1 Financial corporations, nonfinancial corporations, households, and NPISHs | 118712 | 12081 | 106631 | 135426 | 10870 | 124556 |
| 1.C.1.1 Personal transfers (Current transfers between resident and/non-resident households) | 115551 | 8474 | 107077 | 132065 | 7759 | 124305 |
| 1.C.1.2 Other current transfers | 3161 | 3607 | -446 | 3361 | 3111 | 250 |
| 1.C.2 General government | 176 | 945 | -768 | 159 | 1212 | -1052 |
| 2 Capital Account (2.1+2.2) | 673 | 764 | -91 | 755 | 948 | -193 |
| 2.1 Gross acquisitions (DR.)/disposals (CR.) of non-produced nonfinancial assets | 77 | 279 | -201 | 43 | 376 | -334 |
| 2.2 Capital transfers | 596 | 485 | 111 | 712 | 572 | 140 |
| 3 Financial Account (3.1 to 3.5) | 851246 | 825525 | 25722 | 1153741 | 1131839 | 21901 |
| 3.1 Direct Investment (3.1A+3.1B) | 74926 | 64774 | 10152 | 84190 | 83232 | 959 |
| 3.1.A Direct Investment in India | 71302 | 44472 | 26830 | 80615 | 51486 | 29130 |
| 3.1.A.1 Equity and investment fund shares | 65585 | 41334 | 24251 | 73752 | 49525 | 24226 |
| 3.1.A.1.1 Equity other than reinvestment of earnings | 45817 | 41334 | 4483 | 50993 | 49525 | 1468 |
| 3.1.A.1.2 Reinvestment of earnings | 19768 | - | 19768 | 22759 | - | 22759 |
| 3.1.A.2 Debt instruments | 5716 | 3137 | 2579 | 6863 | 1960 | 4903 |
| 3.1.A.2.1 Direct investor in direct investment enterprises | 5716 | 3137 | 2579 | 6863 | 1960 | 4903 |
| 3.1.B Direct Investment by India | 3624 | 20302 | -16678 | 3575 | 31746 | -28171 |
| 3.1.B.1 Equity and investment fund shares | 3624 | 14896 | -11272 | 3575 | 23791 | -20216 |
| 3.1.B.1.1 Equity other than reinvestment of earnings | 3624 | 9111 | -5487 | 3575 | 16945 | -13370 |
| 3.1.B.1.2 Reinvestment of earnings | - | 5786 | -5786 | - | 6846 | -6846 |
| 3.1.B.2 Debt instruments | - | 5406 | -5406 | - | 7955 | -7955 |
| 3.1.B.2.1 Direct investor in direct investment enterprises | - | 5406 | -5406 | - | 7955 | -7955 |
| 3.2 Portfolio Investment | 466115 | 422034 | 44081 | 639334 | 635770 | 3564 |
| 3.2.A Portfolio Investment in India | 462573 | 417947 | 44626 | 636263 | 632980 | 3283 |
| 3.2.1 Equity and investment fund shares | 408272 | 383004 | 25268 | 546592 | 562319 | -15727 |
| 3.2.2 Debt securities | 54300 | 34942 | 19358 | 89671 | 70660 | 19010 |
| 3.2.B Portfolio Investment by India | 3543 | 4087 | -544 | 3072 | 2790 | 281 |
| 3.3 Financial derivatives (other than reserves) and employee stock options | 22391 | 30282 | -7891 | 23909 | 46052 | -22143 |
| 3.4 Other investment | 287815 | 244733 | 43082 | 368646 | 334158 | 34489 |
| 3.4.1 Other equity (ADRs/GDRs) | - | - | - | - | - | - |
| 3.4.2 Currency and deposits | 89898 | 73946 | 15952 | 104994 | 88608 | 16387 |
| 3.4.2.1 Central bank (Rupee Debt Movements; NRG) | 1322 | 72 | 1250 | 448 | 224 | 224 |
| 3.4.2.2 Deposit-taking corporations, except the central bank (NRI Deposits) | 88576 | 73875 | 14702 | 104546 | 88383 | 16163 |
| 3.4.2.3 General government | - | - | - | - | - | - |
| 3.4.2.4 Other sectors | - | - | - | - | - | - |
| 3.4.3 Loans (External Assistance, ECBs and Banking Capital) | 117450 | 85485 | 31965 | 160700 | 164834 | -4134 |
| 3.4.3.A Loans to India | 106238 | 70500 | 35738 | 118717 | 120187 | -1469 |
| 3.4.3.B Loans by India | 11212 | 14985 | -3773 | 41983 | 44647 | -2664 |
| 3.4.4 Insurance, pension, and standardized guarantee schemes | 273 | 421 | -148 | 202 | 824 | -622 |
| 3.4.5 Trade credit and advances | 58851 | 59684 | -833 | 68006 | 60852 | 7154 |
| 3.4.6 Other accounts receivable/payable - other | 21343 | 25196 | -3853 | 34744 | 19040 | 15704 |
| 3.4.7 Special drawing rights | - | - | - | - | - | - |
| 3.5 Reserve assets | - | 63702 | -63702 | 37660 | 32628 | 5032 |
| 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) | - | 63702 | -63702 | 37660 | 32628 | 5032 |
| 4 Total assets/liabilities | 851246 | 825525 | 25722 | 1153741 | 1131839 | 21901 |
| 4.1 Equity and investment fund shares | 503687 | 474025 | 29662 | 651102 | 685303 | -34201 |
| 4.2 Debt instruments | 326216 | 262601 | 63614 | 430235 | 394869 | 35366 |
| 4.3 Other financial assets and liabilities | 21343 | 88898 | -67555 | 72404 | 51668 | 20736 |
| 5 Net errors and omissions | 1590 | 1188 | 402 | 1996 | 449 | 1547 |
Notes : 1. n.i.e: not included elsewhere.
2. Data for 2024-25 are preliminary estimates.
3. Totals may not tally due to rounding off.
Also see Notes on Tables.
Source : Reserve Bank of India. |