India Current Account  1949-2017 | Data | Chart | Calendar | Forecast

India recorded a current account deficit of USD 14.3 billion, or 2.4 percent of GDP, in the three months to June of 2017, higher than a USD 0.4 billion gap a year earlier. It was the largest current account gap in four years, as the trade deficit widened to USD 41.2 billion from USD 23.8 billion with imports rising more than exports. Meanwhile, the services income surplus rose to USD 18.2 billion from USD 15.7 billion in Q2 2016 and the secondary income surplus increased to USD 14.5 billion from 14 billion. In addition, the primary income gap narrowed to USD 5.8 billion from USD 6.3 billion a year ago. Current Account in India averaged -1838.48 USD Million from 1949 until 2017, reaching an all time high of 7360 USD Million in the first quarter of 2004 and a record low of -31857.18 USD Million in the fourth quarter of 2012.

India Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-03-23 12:00 PM Current Account $-7.9B $-3.4B $-4.5B
2017-06-15 12:00 PM Current Account $-3.4B $-7.9B $ -3.5B
2017-09-15 12:25 PM Current Account $-14.3B $-3.4B $ -4.1B
2017-12-12 11:30 AM Current Account $-14.3B $ -3.5B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -8984.29 -11640.00 258.90 -20210.90 USD Million [+]
Exports 28613.41 23818.83 30541.44 59.01 USD Million [+]
Imports 37597.70 35462.79 45281.90 117.40 USD Million [+]
Current Account -14300.00 -3432.97 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 485800.00 471852.00 485800.00 96392.00 USD Million [+]
Terms of Trade 71.80 57.90 100.00 57.90 Index Points [+]
Capital Flows 8.42 23.54 766.97 -271.47 USD Million [+]
Foreign Direct Investment 8579.00 3409.00 8579.00 -60.00 USD Million [+]
Remittances 10097.59 9533.93 12293.40 5999.10 USD Million [+]
Tourist Arrivals 724000.00 788000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 744.00 745.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 42.00 42.00 42.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-14300.00 -3432.97 7360.00 -31857.18 1949 - 2017 USD Million Quarterly
Current Prices, NSA




current account by Country

Last
Australia -9562.00 Jun/17
Brazil -302.50 Aug/17
Canada -16319.00 Jun/17
China 508.87 Jun/17
Euro Area 32.50 Jul/17
France -1468.00 Aug/17
Germany 17800.00 Aug/17
India -14300.00 Jun/17
Indonesia -4962.50 Jun/17
Italy 8625.00 Jul/17
Japan 2380.40 Aug/17
Mexico -321.10 Jun/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 6061.10 Aug/17
Spain 2977.00 Jul/17
Switzerland 18748.00 Jun/17
Turkey -1237.00 Aug/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17