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:  Data is available according to census 2001 and census 2011. Census 2001 : Q1 2008 to Q2 2016 Census 2011 : Q3 2015 onwards

Note: Fiscal year: 1 April - 31 March. For e.g. Fiscal year 2007-08 or any other fiscal year. Q1-April to June (2007) Q2-July to September (2007) Q3-October to December (2007) Q4-January to March (2008)

 The 99th round of the Industrial Outlook Survey (IOS) encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q2:2022-23 and their expectations for Q3:2022-23. In all, 1,234 companies responded in this round of the survey. The additional response block for assessing the outlook on key parameters for two more quarters, which was introduced in the wake of uncertainties since the onset of the COVID-19 pandemic, was continued in this round of survey. A. Assessment for Q2: 2022-23 Business conditions in the manufacturing sector moved further on the recovery path during Q2:2022-23 as the impact of the COVID-19 pandemic ebbed further; respondents maintained positive assessment for production, order books, capacity utilisation, employment and foreign trade situations, though the sentiments were marginally tempered from the previous round of the survey. Manufacturers assessed continued pressures from rising cost for raw materials, salary outgo and the cost of finance during the quarter; they, however, perceived some moderation in the pace of increase in raw material cost. Respondents reported deceleration in the pace of rise in selling prices during Q2:2022-23; their sentiments on profit margin for the quarter deteriorated. Overall, business sentiments in the manufacturing sector remained positive, albeit with some moderation; the business assessment index (BAI) stood at 106.7 in Q2:2022-23 as compared with 110.7 in the previous quarter . B. Expectations for Q3: 2022-23 Respondents remained optimistic on demand conditions during Q3:2022-23, though it waned marginally, as reflected in their expectations on production, order books and employment. Pressures from purchase of raw materials and staff cost are likely to soften during Q3:2022-23. Selling prices and profit margins are expected to rise further; lower share of respondents expect further rise in selling prices as well as rise in profit margins during the ensuing quarter vis-à-vis the survey round. Overall, manufacturers remained optimistic about business conditions: the business expectations index (BEI) remained high at 134.4 in Q3:2022-23 though it moderated marginally from 137.7 in the previous quarter.    

Note: 1. Statement No. 6A : Distribution of Reporting Offices according to Size of Aggregate Deposits 2. Please note, 2023-24:Q3 is represented as 2023Q3, likewise, etc. 3. This quarterly statement covers SCBs excluding RRBs from 2023Q1 onwards; Prior to that period, Scheduled Commercial Banks in India include: (i) State Bank of India and its Associates, (ii) Nationalized Banks (including IDBI Bank Ltd. since December 2004), (iii) Private Sector Banks, (iv) Foreign Banks, and (v ) Regional Rural Banks.