ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Macroeconomic Indicators (10 April 2010)

India's external sector has derived significant strength from invisibles in its balance of payments, which have risen from 2.9% of GDP in 1999-2000 to 7.8% of GDP in 2008-09. Covering about 76% of the deficit on the trade account, invisibles softened its adverse impact on the current account deficit. Among the components, workers' remittances increased more than threefold from $14.3 billion in 2001 to $51.6 billion in 2008. Computer and information services exports rose by about eight times from $6.8 billion to $48.3 billion during the same period, ranking first among major countries.

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