India’s current account deficit widened to $4.2 billion, or 0.5% of GDP, in Q1 of fiscal 2026-27, from $3.4 billion, or 0.4% of GDP, a year earlier. The increase was driven by a wider goods trade deficit, which rose to $86.1 billion from $68.9 billion as imports jumped 20% to $218.0 billion amid higher energy prices, while exports grew 17.1% to $132.0 billion. The impact was partly offset by an improvement in the primary income balance, with the deficit narrowing to $10.5 billion from $13.3 billion. Meanwhile, the services surplus rose to $51.6 billion from $47.9 billion, while the secondary income surplus increased to $40.8 billion from $30.9 billion. source: Reserve Bank of India

India recorded a Current Account deficit of 4219 USD Million in the second quarter of 2026. Current Account in India averaged -2525.09 USD Million from 1949 until 2026, 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 September of 2026.

India recorded a Current Account deficit of 4219 USD Million in the second quarter of 2026. Current Account in India is expected to be -11000.00 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 and -6000.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-08 12:30 PM
Current Account
Q1 $7.1B $-15.5B $-15B $ -8.7B
2026-09-01 12:00 PM
Current Account
Q2 $-4.2B $6.5B $ -7.4B
2026-12-01 12:00 PM
Current Account
Q3 $-4.2B $ -11B


Related Last Previous Unit Reference
Balance of Trade -31.98 -30.43 USD Billion Jul 2026
Capital Flows 235.00 70.00 USD Million Jun 2026
Current Account -4219.00 6492.00 USD Million Jun 2026
Current Account to GDP -0.60 -0.60 percent of GDP Dec 2025
Exports 44.20 40.40 USD Billion Jul 2026
Foreign Direct Investment 9297.00 6068.00 USD Million Jun 2026
Imports 76.20 70.84 USD Billion Jul 2026
Remittances 30515.00 31068.00 USD Million Jun 2026
Terms of Trade 102.30 114.20 points Dec 2025


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
-4219.00 6492.00 19083.03 -31857.18 1949 - 2026 USD Million Quarterly
Current Prices, NSA

News Stream
India’s Current Account Deficit Widens on Higher Trade Gap
India’s current account deficit widened to $4.2 billion, or 0.5% of GDP, in Q1 of fiscal 2026-27, from $3.4 billion, or 0.4% of GDP, a year earlier. The increase was driven by a wider goods trade deficit, which rose to $86.1 billion from $68.9 billion as imports jumped 20% to $218.0 billion amid higher energy prices, while exports grew 17.1% to $132.0 billion. The impact was partly offset by an improvement in the primary income balance, with the deficit narrowing to $10.5 billion from $13.3 billion. Meanwhile, the services surplus rose to $51.6 billion from $47.9 billion, while the secondary income surplus increased to $40.8 billion from $30.9 billion.
2026-09-01
India Current Account Unexpectedly Records Surplus
India recorded a current account surplus of $7.1 billion in the final quarter of the 2026 financial year, narrowing from the surplus of $13.7 billion but contrasting sharply with the market expectations that it would swing to a deficit of $15 billion. Goods deficits were expected to have grown sharply in the period as higher energy costs were set to inflate imports into the Indian economy, lifted by the war in Iran and India's partial pivot away from Russian energy to escape the mounting tariffs from the United States. The goods account recorded a deficit of $83.4 billion, widening sharply from the gap of $59.3 billion, as debits surged by 12% to $196.6 billion. Still, the services surplus widened to $60.4 billion from $53.3 billion, amid a 10% increase in credits to $111.1 billion. The secondary income surplus surged to $41.3 billion from $31.5 billion, amid a 33.9% surge in credits through workers' remittances to $33.9 billion.
2026-06-08
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