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Annual Report


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Date : Aug 30, 2017
India’s Overall Balance of Payments
(US $ million)
  2012-13 2013-14 2014-15 2015-16 2016-17 P
1 2 3 4 5 6
A. CURRENT ACCOUNT          
1 Exports, f.o.b. 3,06,581 3,18,607 3,16,545 2,66,365 2,80,138
2 Imports, c.i.f. 5,02,237 4,66,216 4,61,484 3,96,444 3,92,580
3 Trade Balance -195,656 -147,609 -144,940 -130,079 -112,442
4 Invisibles, Net 107,493 115,313 118,081 107,928 97,147
a) ‘Non-Factor’ Services of which : 64,915 73,066 76,529 69,676 67,455
Software Services 63,504 67,002 70,400 71,454 70,064
b) Income -21,455 -23,028 -24,140 -24,375 -26,291
c) Private Transfers 64,342 65,481 66,264 63,139 56,573
5 Current Account Balance -88,163 -32,296 -26,859 -22,151 -15,296
B. CAPITAL ACCOUNT          
1 Foreign Investment, Net (a+b) 46,711 26,386 73,456 31,891 43,224
a) Direct Investment 19,819 21,564 31,251 36,021 35,612
b) Portfolio Investment 26,891 4,822 42,205 -4,130 7,612
2 External Assistance, Net 982 1,032 1,725 1,505 2,013
3 Commercial Borrowings, Net 8,485 11,777 1,570 -4,529 -6,102
4 Short Term Credit, Net 21,657 -5,044 -111 -1,610 6,467
5 Banking Capital of which : 16,570 25,449 11,618 10,630 -16,616
NRI Deposits, Net 14,842 38,892 14,057 16,052 -12,367
6 Rupee Debt Service -58 -52 -81 -73 -99
7 Other Capital, Net$ -5,047 -10,761 1,109 3,315 7,594
8 Total Capital Account 89,300 48,787 89,286 41,128 36,482
C. Errors & Omissions 2,689 -983 -1,021 -1,073 364
D. Overall Balance [A(5)+B(8)+C] 3,826 15,508 61,406 17,905 21,550
E. Monetary Movements (F+G) -3,826 -15,508 -61,406 -17,905 -21,550
F. IMF, Net          
G. Reserves and Monetary Gold (Increase -, Decrease +) of which : SDR allocation -3,826 -15,508 -61,406 -17,905 -21,550
Memo: As a ratio to GDP          
1 Trade Balance -10.7 -7.9 -7.1 -6.2 -5.0
2 Net Services 3.6 3.9 3.8 3.3 3.0
3 Net Income -1.2 -1.2 -1.2 -1.2 -1.2
4 Current Account Balance -4.8 -1.7 -1.3 -1.1 -0.7
5 Capital Net (Excld. changes in reserves) 4.9 2.6 4.4 2.0 1.6
6 Foreign Investment, Net 2.6 1.4 3.6 1.5 1.9
P : Provisional.
$ : Includes delayed export receipts, advance payments against imports, net funds held abroad and advances received pending issue of shares under FDI.
Note: 1. Gold and silver brought by returning Indians have been included under imports, with a contra entry in private transfer receipts.
2. Data on exports and imports differ from those given by DGCI&S on account of differences in coverage, valuation and timing.

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