India Data Talk: On September 30, 2011, the Reserve Bank of India (RBI) published India’s balance of payments (BoP) using a new presentation format. The format improves the presentation of India’s BoP by aligning with international best practices. A major part of the BoP report has been compiled based on the IMF’s latest BoP Manual (BPM6) starting from the first quarter of the fiscal year 2010-2011 (April-June 2010), officially replacing the previous BPM5 format. India’s Balance of Payments (BPM6) Chart provided by: CEIC Data During the quarter of April-June 2011, the trade deficit rose by 9.7% to USD 35.4 billion, despite a sharp increase in exports relative to imports. Export goods recorded growth of 47.1% year-on-year (YoY), and imports registered a 33.2% YoY growth during the quarter. In absolute terms, the trade deficit increased by USD 3.1 billion from USD 32.3 billion in the corresponding quarter previous year. Meanwhile, net exports of services rose by 19.1...
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