Moneycontrol
Feb 09, 2016 08:13 AM IST | Source: PTI

India's receipt from trade invisibles at $59 bn in July-Sep

The receipts from such transactions stood at USD 59.37 billion during the corresponding quarter of 2014-15. The trade invisibles mean components such as -- services, primary income and secondary income.

India's receipt from trade invisibles at $59 bn in July-Sep

India's receipt from trade invisibles increased marginally to USD 59.74 billion in July-September quarter of current fiscal, Reserve Bank data showed.

The receipts from such transactions stood at USD 59.37 billion during the corresponding quarter of 2014-15. The trade invisibles mean components such as -- services, primary income and secondary income.


The payments by India, due to these transactions, however, were down during the second quarter ended September of current fiscal at USD 30.53 billion, from USD 30.65 billion a year earlier.

Travel, transport, insurance, maintenance of Indian embassies and diplomatic mission abroad, remittances by foreign embassies and mission in India, telecommunications, computer and information and financial services, construction are among the services.

The primary income payment means compensation of employee, investment income and other primary income.

While, the secondary income payments component takes into account remittance by non-residents towards family maintenance and savings and personal gifts, donations to charitable and religious institutions etc.

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