RBI Data on Indian Economy

Tags: Economics/Business

RBI has released Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2021-22 report.

Key Features of India’s Balance of Payment in second quarter of 2021-22:

  • India’s current account balance recorded a deficit of US$ 9.6 billion (1.3 percent of GDP) in second quarter in 2021-22 as against a surplus of US$ 6.6 billion (0.9 percent of GDP) in first quarter of 2021-22 
  • The deficit in the current account in second quarter of 2021-22 was mainly due to widening of trade deficit to US$ 44.4 billion from US$ 30.7 billion in the preceding quarter and an increase in net outgo of investment income.
  • Net foreign direct investment recorded an inflow of US$ 9.5 billion, lower than US$ 24.4 billion a year ago.
  • Net foreign portfolio investment was US$ 3.9 billion as compared with US$ 7.0 billion in second quarter 2020-21.

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