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.