Indias 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.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Economy

Feb 09, 2016, 08.13 AM | 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.

Like this story, share it with millions of investors on M3

Indias 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.

Post Your Comments

Share Cancel

Indias 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.

Buy, Hold, Sell ? Hear it first on M3
Indias receipt from trade invisibles at $59 bn in July-Sep

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login