India’s current account deficit widened to USD 13.4 billion or 1.5% of the GDP in the first quarter of 2022, from USD 8.1 billion in the same period of the last year as the goods gap increased sharply to USD 54.5 billion from USD 41.7 billion a year earlier. Meanwhile, the services surplus widened to USD 28.3 billion from USD 23.5 billion, mainly due to exports of computer and business services. At the same time, the primary income gap edged down to USD 8.4 billion from USD 8.7 billion while the secondary income surplus expanded to USD 21.2 billion from USD 18.9 billion. Considering the full fiscal year of 2021-22 ending in March, the current account balance recorded a deficit of 1.2% of GDP compared to 0.9% surplus in 2020-21 as the trade deficit widened to USD 189.5 billion from USD 102.2 billion a year ago. source: Reserve Bank of India

Current Account in India averaged -2168.10 USD Million from 1949 until 2022, 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 August of 2022.

Current Account in India is expected to be -17500.00 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 1200.00 USD Million in 2023, according to our econometric models.

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India Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 12:00 PM Q4 $-23B $-9.6B $-9.8B
2022-06-22 12:50 PM Q1 $-13.4B $-22.2B $-26B
2022-09-30 12:00 PM Q2 $-13.4B


Related Last Previous Unit Reference
Current Account -13400.00 -22200.00 USD Million Mar 2022
Current Account to GDP -1.70 0.90 percent of GDP Dec 2021
Terms of Trade 107.20 124.70 points Dec 2021
Foreign Direct Investment 4919.00 5030.00 USD Million May 2022
Capital Flows 70.81 -202.27 USD Million Mar 2022
Remittances 14602.17 15111.46 USD Million Mar 2022

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
-13400.00 -22200.00 19083.03 -31857.18 1949 - 2022 USD Million Quarterly
Current Prices, NSA

News Stream
India Current Account Gap Widens in January-March
India’s current account deficit widened to USD 13.4 billion or 1.5% of the GDP in the first quarter of 2022, from USD 8.1 billion in the same period of the last year as the goods gap increased sharply to USD 54.5 billion from USD 41.7 billion a year earlier. Meanwhile, the services surplus widened to USD 28.3 billion from USD 23.5 billion, mainly due to increased exports of computer and business services. At the same time, the primary income gap edged down to USD 8.4 billion from USD 8.7 billion while the secondary income surplus expanded to USD 21.2 billion from USD 18.9 billion. Considering the full fiscal year of 2021-22 ending in March, the current account balance recorded a deficit of 1.2% of GDP compared to 0.9% surplus in 2020-21 as the trade deficit widened to USD 189.5 billion from USD 102.2 billion a year ago.
2022-06-22
India Current Account Gap Largest in 2 Years
India recorded a current account gap of $23 billion or 2.7% of the GDP in the last quarter of 2021, the largest in two years, mainly due to a wider trade deficit. The goods gap increased to $60.4 billion from $34.6 billion a year earlier. The primary income gap also increased to $11.7 billion from $10.1 billion. On the other hand, the services surplus widened to $27.8 billion from $23.2 billion, mainly due to exports of computer and business services. The secondary income surplus increased by $2 billion to $21.3 billion.
2022-03-31
India Current Account Swings to Deficit
India posted a current account deficit of USD 9.6 billion in July-September 2021-22, equivalent to 1.3 percent of the GDP, compared with a surplus of USD 15.3 billion in the same period of the previous fiscal year. The goods deficit widened to USD 44.4 billion from USD 14.8 billion, while the primary income gap increased to USD 9.7 billion from USD 9.4 billion. Meanwhile, the services surplus rose to USD 25.6 billion from USD 21.1 billion a year ago, and the secondary income surplus was also up to USD 18.9 billion from USD 18.4 billion.
2021-12-31