India's receipt from trade invisibles at $59.74 billion in July-Sep

India's receipt from trade invisibles which include components such as - services, primary income and secondary income increased marginally to $59.74 billion in July-September quarter of current fiscal as compared to 59.37 billion during the corresponding quarter of 2014-15, according to Reserve Bank of India (RBI) data. The payments by India, due to these transactions, however, were down during the second quarter ended September of current fiscal at $30.53 billion, from $30.65 billion a year earlier.

Services includes 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 which in total stood at $38.75 billion from $38.36 the same quarter in 2014-15.

The primary income receipts stood at $3.91 billion during July - September 2015-16 as compared $3.51 billion same period a year ago. This includes compensation of employee, investment income and other primary income. The secondary income receipts component takes into account remittance by non-residents towards family maintenance and savings and personal gifts, donations to charitable and religious institutions, Gold and silver brought through passenger baggage. The receipts have stood at $17.08 billion in July- September quarter 2015-16 as against $17.5 billion in the same period last fiscal.