Overall, India's total transactions with rest of the world (current receipts plus current payments plus capital inflows plus capital outflows) increased from 31.4 per cent of GDP in 1990-91 to 119.7 per cent of GDP in 200708 before declining marginally to 112.4 per cent of GDP in 2008-09 in the wake of global financial crisis.
This growing integration of Indian economy with rest of the world was essentially an outcome of reform measures triggered by BOP crisis in 1991.