India recorded a Current Account deficit of 0.90 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in India averaged -1.15 percent from 1970 until 2019, reaching an all time high of 2.30 percent in 2003 and a record low of -4.80 percent 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 2020. source: Reserve Bank of India

Current Account to GDP in India is expected to reach 0.40 percent by the end of 2020, 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 -1.50 percent in 2021 and -2.60 percent in 2022, according to our econometric models.

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India Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -2.10 2.30 -4.80 1970 - 2019 percent Yearly

India Trade Last Previous Highest Lowest Unit
Balance of Trade -2720.00 -6770.00 790.00 -20210.90 USD Million [+]
Current Account 19800.00 584.38 19800.00 -31857.18 USD Million [+]
Current Account to GDP -0.90 -2.10 2.30 -4.80 percent [+]
Imports 30310.00 29470.00 45730.00 117.40 USD Million [+]
Exports 27580.00 22700.00 32720.00 59.01 USD Million [+]
External Debt 554500.00 558400.00 563938.00 96392.00 USD Million [+]
Terms of Trade 73.70 73.30 100.00 57.90 points [+]
Foreign Direct Investment 17800.00 3269.00 17800.00 -1336.00 USD Million [+]
Capital Flows -780.34 -19.36 766.97 -822.33 USD Million [+]
Remittances 12426.61 14891.13 16373.32 5999.10 USD Million [+]
Tourist Arrivals 328462.00 1015632.00 1225672.00 129286.00 [+]
Gold Reserves 657.70 641.80 657.70 357.75 Tonnes [+]
Crude Oil Production 629.00 627.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.52 7.57 8.09 7.22 [+]
Tourism Revenues 58330.00 182810.00 226170.00 31530.00 INR Million [+]
Weapons Sales 46.00 56.00 56.00 0.00 USD Million [+]
Auto Exports 286032.00 415329.00 421107.00 2663.00 units [+]


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.