Balance of payments (BoP) accounts are the accounting record of all monetary transactions between a country and the rest of the world. In other words, it is a record of all transactions made between one particular country and all other countries during a specified period of time. If a country has received money, this is known as a credit. Similarly, if a country has paid or given money, the transaction is counted as a debit. Theoretically saying the BoP should always be zero, meaning that assets or credits and liabilities or debits should balance. But in practice this is rarely the case and, therefore, the BoP of a country usually has a deficit or a surplus. A negative balance of payments means that more money is flowing out of the country than coming in, and vice versa. Indian economy which is the ninth largest in the world in terms of scenarionominal GDP and the fourth largest in terms of purchasing power parity was having very strong balance of payment figures during the early 2000s and the global financial crisis adversely affected the smooth growing of the overall BoP balance. The international BoP of a country reflects its economic strengths and weaknesses.