India recorded a Current Account surplus of 0.9 percent of the country's Gross Domestic Product in the 2020-21 fiscal year. source: Reserve Bank of India

Current Account to GDP in India averaged -1.11 percent of GDP from 1970 until 2020, reaching an all time high of 2.30 percent of GDP in 2003 and a record low of -4.80 percent of GDP in 2012. This page provides - India Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in India is expected to reach -1.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account to GDP is projected to trend around -2.60 percent of GDP in 2022, according to our econometric models.

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India Current Account to GDP

India Last Unit Reference Previous Highest Lowest
Current Account 6500.00 USD Million Jun/21 -8134.78 19083.03 -31857.18
Current Account to GDP 0.90 percent of GDP Dec/20 -0.90 2.30 -4.80
Terms of Trade 107.20 points Dec/21 124.70 124.70 57.90
Foreign Direct Investment 5040.00 USD Million Aug/21 2235.00 17689.00 -2891.00
Capital Flows -61.71 USD Million Jun/21 -38.46 766.97 -822.33
Remittances 14354.76 USD Million Jun/21 14035.31 16373.32 5999.10

India Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.