In the modern world, there is hardly any country that is self-sufficient and produces all goods and services it needs. The BoP statement of a country indicates whether it has surplus or a deficit of funds. Both these cases have short and long term effects on the economy. The balance of payments (B.O.P.), of a country is the record of all economic transactions between the residents of the country and the rest of the world in a specific period of time. India's current account balance recorded a surplus of 0.9 per cent of GDP in 2020-21 as against a deficit of 0.9 per cent in 2019-20. India's balance of payment position remained comfortable even after some strains on the BOP in year 2018, growth of remittances offset the huge current account deficit in 2018. The objective of this paper is to analyzes the trend of balance of payment in period 2015-16 to 2020-21 in reference to India.