India's current account deficit narrowed sharply to USD 6.3 billion in the July to September 2019 from USD 19.0 billion in the same period last year, as the goods gap fell to USD 38.1 billion from USD 50.0 billion and the secondary income surplus rose to USD 20.0 billion from USD 19.4 billion. Meanwhile, the primary income deficit and the services surplus were little-changed at USD 8.6 billion and USD 20.4 billion respectively. In April to September, the current account deficit stood at USD 20.4 billion, below USD 34.8 billion in the same period of the previous fiscal year.

Current Account in India averaged -2176.88 USD Million from 1949 until 2019, reaching an all time high of 7360 USD Million in the first quarter of 2004 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. source: Reserve Bank of India

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. Looking forward, we estimate Current Account in India to stand at -14600.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -14600.00 USD Million in 2021, according to our econometric models.


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India Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-6253.68 -14180.72 7360.00 -31857.18 1949 - 2019 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 12:00 PM Q4 $-16.9B $-19.1B $ -15B
2019-06-28 12:00 PM Q1 $-4.6B $-17.7B $ -13B
2019-09-30 12:00 PM Q2 $-14.3B $-4.6B $ -15B
2019-12-31 11:30 AM Q3 $-6.3B $-14.2B $ -12B
2020-03-31 12:00 PM Q4 $-6.3B $ -13.5B
2020-06-30 12:00 PM Q1 $ -11B
2020-09-30 12:00 PM Q2 $ -9B
2020-12-31 12:00 PM Q3 $ -10B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
India Current Account Gap Narrows Sharply
India's current account deficit narrowed sharply to USD 6.3 billion in the July to September 2019 from USD 19.0 billion in the same period last year, as the goods gap fell to USD 38.1 billion from USD 50.0 billion and the secondary income surplus rose to USD 20.0 billion from USD 19.4 billion. Meanwhile, the primary income deficit and the services surplus were little-changed at USD 8.6 billion and USD 20.4 billion respectively. In April to September, the current account deficit stood at USD 20.4 billion, below USD 34.8 billion in the same period of the previous fiscal year.
2019-12-31
India Current Account Deficit Narrows in Q1 2019-20
India's current account deficit narrowed to USD 14.3 billion, or 2.0 percent of GDP, in April-June 2019-20 from USD 15.8 billion, or 2.3 percent of GDP, in the same period a year earlier. The goods deficit increased to USD 46.2 billion from USD 45.8 billion a year ago and the primary income gap went up to USD 6.1 billion from USD 5.8 billion. Meanwhile, the services surplus widened to USD 20.0 billion from USD 18.7 billion in the previous year and the secondary income surplus advanced to USD 18.0 billion from USD 17.1 billion.
2019-09-30
India Current Account Deficit Narrows in Q4 2018-19
India's current account deficit narrowed sharply to USD 4.6 billion, or 0.7 percent of GDP, in January-March 2018-19 from USD 13.0 billion, or 1.8 percent of GDP, in the same period a year earlier. The goods deficit decreased to USD 35.2 billion from USD 41.6 billion a year ago and the primary income gap shrank to USD 6.9 billion from USD 7.8 billion. Meanwhile, the services surplus widened to USD 21.3 billion from USD 20.2 billion in the previous year while the secondary income surplus was unchanged at USD 16.2 billion. Considering 2018-19 fiscal year, the current account gap increased to USD 57.2 billion, or 2.1 percent of GDP, from USD 48.7 billion, or 1.8 percent of GDP, in 2017-18 on the back of widening of the trade deficit.
2019-06-28
India Current Account Gap Widens on Higher Imports
India's current account deficit widened to USD 16.9 billion, or 2.5 percent of the GDP in the last three months of 2018 from USD 13.7 billion or 2.1 percent of the GDP a year earlier. The goods deficit increased to USD 49.5 billion from USD 44 billion a year ago as imports rose 9 percent while exports went up at a softer 7.2 percent. On the other hand, the services surplus increased to USD 21.3 billion from USD 20.7 billion, boosted by a rise in net earnings from telecommunications, computer and information services and financial services. The primary income gap decreased to USD 6 billion from USD 6.5 billion and the secondary income surplus rose to USD 17.3 billion from USD 16.1 billion.
2019-03-29

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).