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State of the Economy 13
Figure 22: Merchandise Trade
70
Merchandise trade balance (RHS) Exports Imports
50
US$ Billion 30
10
-10
-30
Apr/19 Jun/19 Aug/19 Oct/19 Dec/19 Feb/20 Apr/20 Jun/20 Aug/20 Oct/20 Dec/20 Feb/21 Apr/21 Jun/21 Aug/21 Oct/21 Dec/21
Source: M/o Commerce and Industry
Figure 23: India's International Trade in Services, Net
10
9
US$ Billion 8
7
6
Jan-19 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 Jul-21 Dec-21
Source: RBI
Figure 24: India's Current Account Balance
25 5
20 4
15 Current Account Balance 3
(CAB)
10 5 CAB as % of GDP (RHS) 2
USD billion -5 0 1 0 per cent
-10 -1
-15 -2
-20 -3
-25 -4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2018-19 2019-20 2020-21 2021-22
Source: RBI
