RBI published data on developments in India’s Balance of Payments during 2019-20.
About:
The Current Account Deficit (CAD) narrowed to 0.9 % of GDP in 2019-20 from 2.1 % in 2018-19 on the back of the trade deficit which shrank to US$ 157.5 billion in 2019-20 from US$ 180.3 billion in 2018-19.
Net invisible receipts were higher in 2019-20 mainly due to increase in net services earnings and private transfer receipts.
Net FDI inflows at US$ 43.0 billion in 2019-20 were higher than US$ 30.7 billion in 2018-19.
Portfolio investment increased by US$ 1.4 billion in 2019-20 as against an outflow of US$ 2.4 billion a year ago.
In 2019-20, there was an accretion of US$ 59.5 billion to foreign exchange reserves (on a BoP basis). Foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 64.9 billion during 2019-20 as against a decline of US$ 11.7 billion in the preceding year.
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