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Date : Sep 15, 2021
Table 128 : India’s Overall Balance of Payments - US Dollar
(US $ million)
Item/Year 2015-16 2016-17 2017-18
Credit Debit Net Credit Debit Net Credit Debit Net
1 2 3 4 5 6 7 8 9 10
A. Current account                  
1. Merchandise 266365 396444 -130079 280138 392580 -112442 308970 469006 -160036
2. Invisibles (a+b+c) 235044 127116 107928 242051 144025 98026 283406 172087 111319
a) Services 154311 84635 69676 164197 95852 68345 195089 117527 77562
i) Travel 21268 14792 6476 23244 16451 6792 28355 19516 8839
ii) Transportation 14004 15080 -1076 15851 14132 1719 17441 17608 -166
iii) Insurance 2002 1151 852 2206 1496 710 2506 1700 806
iv) G.n.i.e. 579 869 -291 588 600 -11 664 794 -130
v) Miscellaneous 116458 52742 63716 122308 63174 59134 146122 77909 68213
of which : Software services 74153 2699 71454 74350 3587 70763 77326 5139 72186
Business services 28994 31095 -2101 32946 32317 629 37346 36630 715
Financial services 4944 3135 1809 5099 5852 -754 5164 5537 -373
Communication services 2171 1001 1170 2375 910 1465 2098 954 1144
b) Transfers 66030 3403 62627 61564 5581 55983 69455 7017 62438
i) Official 438 950 -512 268 857 -590 326 837 -511
ii) Private 65592 2453 63139 61296 4723 56573 69129 6180 62949
c) Income 14703 39078 -24375 16291 42593 -26302 18862 47542 -28681
i) Investment income 11103 36840 -25737 12353 40050 -27697 14404 45243 -30839
ii) Compensation of employees 3600 2238 1362 3937 2543 1395 4457 2299 2158
Total Current account (1+2) 501410 523560 -22151 522189 536606 -14417 592376 641093 -48717
B. Capital account                  
1. Foreign investment (a+b) 276433 244542 31891 310522 267299 43224 359546 307145 52401
a) Foreign direct investment (i+ii) 59878 23857 36021 70784 35172 35612 64461 34175 30286
i) In India 55559 10652 44907 60220 18005 42215 60974 21544 39431
Equity 41112 10524 30587 44701 17318 27383 45521 21325 24196
Reinvested earnings 10413 0 10413 12343 - 12343 12542 - 12542
Other Capital 4034 128 3906 3176 687 2489 2911 219 2692
ii) Abroad 4320 13205 -8886 10564 17167 -6603 3487 12632 -9144
Equity 4320 6486 -2166 10564 9792 772 3487 5254 -1767
Reinvested earnings 0 3337 -3337 0 2925 -2925 0 2853 -2853
Other capital 0 3382 -3382 0 4450 -4450 0 4525 -4525
b) Portfolio investment 216555 220685 -4130 239738 232127 7612 295084 272969 22115
i) In India 215707 219349 -3643 237514 229748 7766 293529 271364 22165
of which: FIIs 215334 219349 -4016 237514 229748 7766 293529 271364 22165
GDRs/ADRs 373 0 373 0 0 0 0 0 0
ii) Abroad 848 1335 -487 2224 2378 -154 1556 1605 -50
2. Loans (a+b+c) 120323 124957 -4634 120532 118153 2379 147111 130451 16660
a) External assistance 6123 4619 1505 6495 4482 2013 7718 4774 2944
i) By India 58 519 -461 58 231 -173 55 124 -69
ii) To India 6065 4099 1966 6437 4251 2186 7663 4650 3013
b) Commercial borrowings 24157 28686 -4529 22584 28686 -6102 38879 39062 -183
i) By India 3297 1970 1326 4532 3044 1488 14292 13676 616
ii) To India 20860 26716 -5856 18052 25642 -7590 24587 25386 -799
c) Short term to India 90043 91653 -1610 91453 84986 6467 100514 86614 13900
i) Suppliers' Credit >180 days & Buyers' Credit 87537 89735 -2198 89745 84797 4948 96756 86614 10142
ii) Suppliers' credit up to 180 days 2506 1918 588 1708 189 1519 3758 0 3758
3. Banking capital (a+b) 88884 78254 10630 83669 100285 -16616 95673 79483 16190
a) Commercial Banks 88848 77975 10873 83381 100283 -16902 95255 79064 16191
i) Assets 19068 22776 -3709 29654 28884 771 25532 25834 -302
ii) Liabilities 69781 55199 14582 53727 71399 -17672 69723 53230 16493
of which: Non-Resident Deposits 59988 43936 16052 47639 60006 -12367 59544 49868 9676
b) Others 36 279 -243 288 2 286 417 419 -1
4. Rupee debt service 0 73 -73 0 99 -99 0 75 -75
5. Other capital 24419 21103 3315 35925 28366 7559 41282 35069 6213
Total capital account (1 to 5) 510058 468930 41128 550649 514202 36447 643612 552222 91390
C. Errors & omissions 420 1493 -1073 377 857 -480 1900 998 902
D. Overall balance (A+B+C) 1011888 993984 17905 1073215 1051665 21550 1237887 1194313 43574
E. Monetary movements (i+ii) 856 18761 -17905 1242 22792 -21550 0 43574 -43574
i) I.M.F. 0 0 0 0 0 0 0 0 0
ii) Foreign exchange reserves (Increase- / Decrease+) 856 18761 -17905 1242 22792 -21550 0 43574 -43574
of which: SDR Allocation - - - - - - - - -
(Continued)

TABLE 128 : INDIA'S OVERALL BALANCE OF PAYMENTS - US DOLLAR (Concld.)
(US $ million)
Item/Year 2018-19 2019-20 2020-21
Credit Debit Net Credit Debit Net Credit Debit Net
1 11 12 13 14 15 16 17 18 19
A. Current account                  
1. Merchandise 337237 517519 -180283 320431 477937 -157506 296300 398452 -102152
2. Invisibles (a+b+c) 306483 183457 123026 321712 188862 132850 307253 181188 126065
a) Services 208000 126060 81941 213191 128269 84922 206090 117524 88565
i) Travel 28441 21704 6737 29998 22011 7987 8483 11507 -3024
ii) Transportation 19464 20529 -1065 20988 24285 -3297 21854 19755 2099
iii) Insurance 2661 1790 871 2431 1738 692 2376 2058 318
iv) G.n.i.e. 610 1114 -504 659 1107 -448 630 1021 -392
v) Miscellaneous 156824 80922 75902 159115 79128 79987 172746 83182 89564
of which : Software services 83466 5812 77654 93102 8459 84643 99997 10257 89741
Business services 39112 40413 -1301 45716 46881 -1165 49161 49522 -361
Financial services 4858 3486 1372 4734 2919 1814 4338 4763 -424
Communication services 2561 1130 1431 2723 1296 1426 2801 1438 1363
b) Transfers 76643 6697 69946 83356 8147 75208 80328 6868 73460
i) Official 247 902 -655 161 1170 -1009 143 1122 -979
ii) Private 76396 5795 70601 83195 6977 76217 80185 5746 74439
c) Income 21839 50700 -28861 25166 52446 -27281 20835 56796 -35960
i) Investment income 17101 48321 -31219 19542 49752 -30210 14840 53993 -39154
ii) Compensation of employees 4738 2380 2358 5623 2694 2929 5996 2802 3193
Total Current account (1+2) 643719 700976 -57256 642143 666799 -24656 603553 579640 23912
B. Capital account                  
1. Foreign investment (a+b) 321776 291682 30094 368534 324118 44417 400001 319909 80092
a) Foreign direct investment (i+ii) 64846 34134 30712 77794 34780 43013 86286 42330 43955
i) In India 62001 18699 43302 74390 18384 56006 81973 27046 54927
Equity 45055 18452 26604 51734 18212 33522 61088 26983 34105
Reinvested earnings 13672 - 13672 14175 - 14175 16935 0 16935
Other Capital 3274 247 3027 8482 173 8309 3950 63 3887
ii) Abroad 2845 15435 -12590 3403 16396 -12993 4313 15285 -10972
Equity 2845 7201 -4356 3403 7572 -4168 4313 5583 -1271
Reinvested earnings 0 3032 -3032 0 3151 -3151 0 3013 -3013
Other capital 0 5202 -5202 0 5674 -5674 0 6688 -6688
b) Portfolio investment 256930 257548 -618 290741 289337 1403 313715 277579 36137
i) In India 253714 254118 -405 284128 283576 552 312005 273279 38725
of which: FIIs 251894 254118 -2225 284128 283576 552 312005 273279 38725
GDRs/ADRs 1820 0 1820 0 0 0 0 0 0
ii) Abroad 3216 3429 -213 6612 5761 851 1711 4299 -2589
2. Loans (a+b+c) 94099 78249 15850 94239 68553 25686 85650 78747 6903
a) External assistance 8606 5192 3413 9330 5579 3751 16898 5731 11167
i) By India 47 120 -73 8 113 -105 38 82 -44
ii) To India 8559 5073 3487 9323 5466 3856 16860 5649 11211
b) Commercial borrowings 42162 31746 10416 46149 23188 22960 31388 31522 -134
i) By India 13862 13215 647 6843 5563 1280 2863 3237 -374
ii) To India 28300 18531 9769 39305 17625 21680 28525 28285 240
c) Short term to India 43332 41311 2021 38759 39785 -1026 37365 41494 -4130
i) Suppliers' Credit >180 days & Buyers' Credit 27490 41311 -13821 37359 38233 -873 35284 39984 -4700
ii) Suppliers' credit up to 180 days 15842 0 15842 1400 1552 -152 2080 1510 570
3. Banking capital (a+b) 92798 85365 7433 84716 90031 -5315 74284 95351 -21067
a) Commercial Banks 91791 84664 7127 84603 89255 -4653 73662 94583 -20921
i) Assets 22936 29633 -6697 26819 31225 -4406 23603 44975 -21372
ii) Liabilities 68855 55031 13824 57784 58030 -246 50059 49608 451
of which: Non-Resident Deposits 59251 48864 10387 55490 46863 8627 46465 39101 7364
b) Others 1007 702 306 113 776 -663 621 767 -146
4. Rupee debt service 0 31 -31 0 69 -69 0 64 -64
5. Other capital 33809 32751 1057 62549 44087 18462 39090 41233 -2143
Total capital account (1 to 5) 542482 488080 54403 610038 526858 83180 599025 535304 63721
C. Errors & omissions 582 1068 -486 1856 882 974 951 1298 -347
D. Overall balance (A+B+C) 1186784 1190123 -3339 1254037 1194539 59498 1203529 1116242 87286
E. Monetary movements (i+ii) 17502 14162 3339 0 59498 -59498 0 87286 -87286
i) I.M.F. 0 0 0 - - - 0 0 0
ii) Foreign exchange reserves (Increase- / Decrease+) 17502 14162 3339 0 59498 -59498 0 87286 -87286
of which: SDR Allocation - - - - - - - - -
G.n.i.e. : Government not included elsewhere.
Notes : 1. Data for 2020-21 are preliminary estimates
2. Total may not tally due to rounding off.
Also see Notes on Tables.

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