BALANCE OF PAYMENTS- Disquieting Trends

Disquieting Trends THE Reserve Bank of India has published the details of India's Balance of Payments for the year 1982-83 in the February 1986 issue of its Bulletin. Bolstered by higher inflow of capital and improvement in in- visible receipts, in particular the non-quid pro quo private and official trensfers, India's balance of payments position indicated a lower deficit of Rs 566 crore in 1983-84, less than one-half of the deficit of Rs 1,268 crore in the previous year. However, the balance of trade showed a deficit of Rs 5,871 crore, higher by Rs 94 crore than that in 1982-83, but lower than the figure of Rs 6,121 crore recorded in 1981-82, Net invisible receipts on account of foreign travel, transportation, insurance, investment income and transfer payments, which touched a record level of crore in 1982-83 but recovered to Rs 3,608