The net capital flows again surged to USD 53.6 billion (4.1 per cent of GDP) during 2009–10. During the first half of 2010–11 (April–September 2010), the net capital flows were USD 36.7 billion, which was 59.6 per cent higher than the net flows during the same period of the previous year (USD 23.0 billion).
4  BIS central bankers’ speeches  The latest trends in capital flows indicate that the net capital flows during 2010–11 are expected to be higher than in 2009–10. FII investment, ECBs and trade credit dominate capital flows with FIIs flows remaining as the major driver of capital flows during the current year so far.