India's current account widened to $13.2 billion in the December of 2025 quarter from the $11.3 billion gap on the corresponding period of the previous year. The goods account deficit widened to $93.6 billion in the period from $79.3 billion last year, lifted by a surge in imports as pressure from the US government drove Indian refiners to limit their purchase of cheap Russian oil and switch to more expensive alternatives. In the meantime, the services surplus rose to $57.5 billion from $51.2 billion. source: Reserve Bank of India

India recorded a Current Account deficit of 13198 USD Million in the fourth quarter of 2025. Current Account in India averaged -2537.24 USD Million from 1949 until 2025, reaching an all time high of 19083.03 USD Million in the second quarter of 2020 and a record low of -31857.18 USD Million in the fourth quarter of 2012. This page provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

India recorded a Current Account deficit of 13198 USD Million in the fourth quarter of 2025. Current Account in India is expected to be -8700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account is projected to trend around -6500.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-01 12:00 PM
Current Account
Q3 $-12.3B $-2.7B $-10.3B
2026-03-02 12:45 PM
Current Account
Q4 $-13.2B $-14.1B
2026-06-30 12:00 PM
Current Account
Q1 $ -8.7B


Related Last Previous Unit Reference
Balance of Trade -34.68 -25.04 USD Billion Jan 2026
Capital Flows -157.00 -400.00 USD Million Sep 2025
Current Account -13198.00 -14132.00 USD Million Dec 2025
Current Account to GDP -0.60 -0.70 percent of GDP Dec 2024
Exports 36.56 38.51 USD Billion Jan 2026
Foreign Direct Investment 1134.00 1065.00 USD Million Dec 2025
Imports 71.24 63.55 USD Billion Jan 2026
Remittances 28547.00 24624.00 USD Million Sep 2025
Terms of Trade 147.30 147.00 points Dec 2024


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).
Actual Previous Highest Lowest Dates Unit Frequency
-13198.00 -14132.00 19083.03 -31857.18 1949 - 2025 USD Million Quarterly
Current Prices, NSA

News Stream
India Current Account Widens
India's current account widened to $13.2 billion in the December of 2025 quarter from the $11.3 billion gap on the corresponding period of the previous year. The goods account deficit widened to $93.6 billion in the period from $79.3 billion last year, lifted by a surge in imports as pressure from the US government drove Indian refiners to limit their purchase of cheap Russian oil and switch to more expensive alternatives. In the meantime, the services surplus rose to $57.5 billion from $51.2 billion.
2026-03-02
India Current Account Deficit Narrows in Jul-Sep
India’s current account deficit narrowed to USD 12.3 billion, or 1.3% of GDP, in the July–September 2025-26 quarter, down from a revised USD 20.8 billion, or 2.2% of GDP, in the same period last fiscal year. The goods deficit eased slightly to USD 87.4 billion from USD 88.5 billion a year ago, while surpluses in services (USD 50.9 billion from USD 44.5 billion) and secondary income (USD 36.5 billion from USD 32.4 billion) increased. The primary income deficit, however, rose to USD 12.2 billion from USD 9.2 billion. For the first half of 2025-26, the current account deficit fell to USD 15.0 billion from USD 25.3 billion, supported mainly by stronger services and secondary income surpluses.
2025-12-01
India Current Account Narrows
India posted a current account deficit of $2.5 billion in the first quarter of the 2026 financial year, narrowing from the $6.6 billion gap in the corresponding quarter of the previous year to mark the softest deficit in the period since 2021. The development was owed to an increase in the surplus of services ($47.9 billion vs $39.7 billion in FY26Q1) and the secondary income account ($31.0 billion vs $26.3 billion). These were enough to offset a wider goods deficit ($-68.5 billion vs $-63.8 billion) amid higher imports of general goods, in addition to a wider deficit in the primary income account ($-12.8 billion vs $-10.9 billion).
2025-09-01