Invisible receipts at USD 232.77 bn in FY14

The country's earnings from invisible receipts, including earnings from export of services like travel, health, etc, stood at USD 232.77 billion in 2013-14, the Reserve Bank of India said today.
Invisible trade involves transfer of non-tangible goods or services, like customer service, intellectual property and patents. The items involved in invisible trade are associated with a value and can be exchanged for tangible goods.
Earnings from services like travel, etc stood at USD 151.48 billion in the last financial year, while those from transport stood at USD 17.38 billion for 2013-14.
RBI today released data on invisibles as per the IMF's Balance of Payments and International Investment Position Manual (BPM6) format.