India Current Account  1949-2017 | Data | Chart | Calendar | Forecast

India recorded a current account deficit of USD 3.43 billion or 0.6 percent of the GDP in the first three months of 2017, higher than a USD 0.3 billion gap a year earlier. The trade deficit widened to USD 29.7 billion from USD 24.8 billion, boosted by higher imports. The secondary income surplus decreased to USD 14.2 billion from 15 billion. On the other hand, the services surplus widened to USD 17.6 billion from USD 16.1 billion due to higher earnings from travel, transport, construction and other business services. The primary income deficit fell to USD 5.6 billion from USD 6.6 billion. Private transfer receipts, mainly representing remittances by Indians employed overseas, were at USD 15.7 billion, barely unchanged from the preceding year. In the previous quarter, the current account deficit was higher at USD 7.9 billion. Current Account in India averaged -1791.84 USD Million from 1949 until 2017, 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.

India Current Account
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-12-13 01:00 PM Q3 $-3.4B $-0.3B $ -0.1B
2017-03-23 12:00 PM Q4 $-7.9B $-3.4B $-4.5B
2017-06-15 12:00 PM Q1 $-3.4B $-7.9B $ -3.5B
2017-09-21 12:00 PM Q2 $-3.4B $ -4.1B
2017-12-12 11:30 AM Q3 $ -3.5B




India Trade Last Previous Highest Lowest Unit
Balance of Trade -12959.90 -13841.70 258.90 -20210.90 USD Million [+]
Exports 23562.62 24014.62 30541.44 59.01 USD Million [+]
Imports 36522.50 37856.30 45281.90 117.40 USD Million [+]
Current Account -3432.97 -7907.09 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 471852.00 456100.00 485035.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows 23.54 -19.06 766.97 -271.47 USD Million [+]
Foreign Direct Investment 3405.00 3581.00 5670.00 -60.00 USD Million [+]
Remittances 9533.93 9888.18 12293.40 5999.10 USD Million [+]
Tourist Arrivals 670000.00 630000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 745.00 740.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 42.00 42.00 42.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Current Account Notes

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). This page provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account - actual data, historical chart and calendar of releases - was last updated on July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3432.97 -7907.09 7360.00 -31857.18 1949 - 2017 USD Million Quarterly
Current Prices, NSA



current account by Country

Last
Australia -3108.00 Mar/17
Brazil 1330.40 Jun/17
Canada -14053.00 Mar/17
China 184.00 Mar/17
Euro Area 18.30 May/17
France -2349.00 May/17
Germany 17300.00 May/17
India -3432.97 Mar/17
Indonesia -2397.00 Mar/17
Italy 3261.00 May/17
Japan 1653.90 May/17
Mexico -6859.20 Mar/17
Netherlands 20180.90 Mar/17
Russia -300.00 Jun/17
South Korea 5937.30 May/17
Spain 448.00 Apr/17
Switzerland 11118.00 Mar/17
Turkey -5242.00 May/17
United Kingdom -16895.00 Mar/17
United States -116781.00 Mar/17