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. Current Account in India averaged -2119.55 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.

Current Account in India is expected to be -15000.00 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 -11000.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -14600.00 USD Million in 2020, according to our econometric models.

India Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 12:00 PM Current Account Q2 $-15.8B $-13.0B $ -15B
2018-12-07 12:00 PM Current Account Q3 $-19.1B $-15.8B $ -17B
2019-03-29 12:00 PM Current Account Q4 $-16.9B $-19.1B $ -15B
2019-06-28 12:00 PM Current Account Q1 $-4.6B $-17.7B $ -13B
2019-09-30 12:00 PM Current Account Q2 $-4.6B $ -15B
2019-12-31 12:00 PM Current Account Q3 $ -12B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -13430.00 -15360.00 258.90 -20210.90 USD Million [+]
Current Account -4600.00 -17700.00 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 39760.00 40290.00 45350.00 117.40 USD Million [+]
Exports 26330.00 25010.00 32550.00 59.01 USD Million [+]
External Debt 543001.00 521344.00 543001.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -83.26 -76.35 766.97 -271.47 USD Million [+]
Foreign Direct Investment 7001.00 3034.00 8569.00 -1336.00 USD Million [+]
Remittances 12616.91 12589.15 14468.42 5999.10 USD Million [+]
Tourist Arrivals 721015.00 610590.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 677.00 687.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 8.09 7.22 [+]
Weapons Sales 46.00 56.00 56.00 0.00 USD Million [+]

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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). 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4600.00 -17700.00 7360.00 -31857.18 1949 - 2019 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20646.19 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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