Reserve Bank of India

India’s current account deficit declined to US$ 18.2 billion (2.2 per cent of GDP) in Q3:2022-23 from US$ 30.9 billion (3.7 per cent of GDP)1 in Q2:2022-23 and US$ 22.2 billion (2.7 per cent of GDP) a year ago [i.e., Q3:2021-22]. Underlying the lower current account deficit in Q3:2022-23 was a narrowing of merchandise trade deficit to US$ 72.7 billion from US$ 78.3 billion in Q2:2022-23, coupled with robust services and private transfer receipts. Services exports reported a growth of 24.5 per cent on a year-on-year (y-o-y) basis on the back of rising exports of software, business and travel services. Net services receipts increased both sequentially and on a y-o-y basis. Net outgo from the primary income account, mainly reflecting investment income payments, increased to US$ 12.7 billion from US$ 11.5 billion a year ago. Note- Financial Year wise Q1: April-June while dataset follows calendar year Q1: January- March

This dataset covers the following public data available at RBI website.1. India's Overall Balance of Payments (in USD & Rupees) 2. Balance of Payments- Indicators 3. Key Components of India's Balance of Payments (in USD & Rupees)Notes: Gnie: Government not included elsewhere. 4. The capital account includes Errors and Omissions 3. Current receipts are defined as current account receipts minus official transfer receipts Rating:1. For every Financial Year, the last year has been considered, for eg 2016-2017 as 2016 2017-2018 as 2017 2018-2019 as 2018 2. Data for 2017-18 are preliminary estimates and 2016-17 are partially revised. India: Balance of Payments and Key Components

Note: 1) Country-wise data on imports for the year 1999-2000 do not add up to total imports on account of revision in the total imports. 2) Data for European Union exclude UK from 2020-21 onwards.

Notes: 1.G.n.i.e : Government not included elsewhere