India Crude Oil Production - Forecast

Crude Oil Production in India is expected to be 729.23 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in India to stand at 730.29 in 12 months time. In the long-term, the India Crude Oil Production is projected to trend around 730.50 BBL/D/1K in 2020, according to our econometric models.


India Crude Oil Production
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India Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -13720 -16200 -14300 -14900 -12471 -11100
Exports 25910 24600 25000 24500 24850 28900
Imports 39630 40800 39300 39400 37321 40000
Current Account -13465 -15000 -8178 -4100 -8290 -2460
Current Account to GDP -0.7 -1.3 -1.3 -1.3 -1.1 -1.2
External Debt 513438 525000 530000 535000 541000 594000
Terms of Trade 71.1 66.65 67.8 69.88 72.59 78.32
Capital Flows 33.39 28.12 -33.53 23.6 -29.34 7.14
Foreign Direct Investment 4007 1878 1635 1588 1507 1299
Remittances 11624 11084 11049 11057 11055 11055
Tourist Arrivals 749477 657700 837500 911200 826700 762000
Gold Reserves 558 558 558 558 558 558
Crude Oil Production 716 729 729 731 730 730
Terrorism Index 7.53 7.45 7.45 7.61 7.59 7.72
Weapons Sales 56 56 56 56 56 56