Status of Balance of Payment: India’s Balance of Payment (BoP) has shown significant growth during fiscal 2008-09 despite of severe slowdown in the world economy. During the fiscal 2009-10, the net invisibles surplus i.e. invisibles receipts minus invisibles payments stood lower at US$ 39.6 billion during April-September 2009 registering a sign of overall improvement in Balance of Payment scenario during the first half of 2009-10 over the corresponding period 2008-09. The current account deficit increased to US$ 18.6 billion in April-September 2009, despite lower trade deficit as compared to US$ 15.8 billion in April-September 2008, mainly due to lower net invisible surplus.
Status of External Debt: During the first half of 2009-10 total external debt increased by US$ 18.2 billion i.e. 8.1 per cent to US$ 242.8 billion. In rupee terms the external debt stands at Rs. 1.166.217 crore. Long-term debt posted an increase of US$ 19.2 billion to stand at US$ 200.4 billion while short-term debt fell by US$ 985 million and stood at US$ 42.4 billion.
