India’s current account surplus narrowed to USD 6.5 billion in April-June 2021, from USD 19.1 billion in the corresponding period of the previous year and was equivalent to 0.9 percent of the GDP. The goods deficit expanded to USD 30.7 billion from USD 11 billion a year ago. On the other hand, the services surplus widened to USD 25.8 billion from USD 20.8 billion due to robust performance of net exports of computer and business services and the secondary income surplus rose to USD 19 billion from USD 17 billion. Also, the primary income gap fell to USD 7.5 billion compared to USD 7.7 billion source: Reserve Bank of India
Current Account in India averaged -2032.82 USD Million from 1949 until 2021, 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 December of 2021.
Current Account in India is expected to be -1500.00 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 -8400.00 USD Million in 2022 and -7700.00 USD Million in 2023, according to our econometric models.