The Balance of Payments (BoP) is a systematic record of all economic transactions between residents of a country and the rest of the world. It includes a country's trade balance, financial capital flows, services, and international transfers. Changes in a country's BoP can signal pressures on its foreign exchange rates and provide insights into its economic strengths and weaknesses relative to trade partners. India's BoP includes details of its imports, exports, invisibles, capital account and reserves. Its major trading partners are members of the European Union, OECD, OPEC, and developing countries like China.