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. source: Reserve Bank of India

Current Account in India averaged -2132.30 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 May of 2022.

Current Account in India is expected to be -20400.00 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 -7700.00 USD Million in 2023, according to our econometric models.

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India Current Account



Calendar GMT Actual Previous Consensus TEForecast
2021-12-31 12:00 PM Q3 $-9.6B $-8.1B $-8.9B
2022-03-31 12:00 PM Q4 $-23B $-9.6B $-9.8B
2022-06-30 12:00 PM Q1 $-23B


Related Last Previous Unit Reference
Current Account -23013.48 -9891.63 USD Million Dec 2021
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 2742.00 4275.00 USD Million Mar 2022
Capital Flows -202.27 -12.76 USD Million Dec 2021
Remittances 15111.46 13668.02 USD Million Dec 2021

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
-23013.48 -9891.63 19083.03 -31857.18 1949 - 2021 USD Million Quarterly
Current Prices, NSA

News Stream
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
India Current Account Surplus Narrows in April-June
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
2021-09-30