India posted a current account deficit of USD 8.1 billion in January-March 2021, equivalent to 1.0 percent of the GDP, compared with a surplus of USD 0.6 billion in the same period of the previous fiscal year. The goods deficit widened to USD 41.7 billion from USD 35.0 billion, while the primary income gap increased to USD 8.7 billion from USD 4.8 billion. Meanwhile, the services surplus rose to USD 23.5 billion from USD 22.0 billion a year ago, and the secondary income surplus was also up to USD 18.9 billion from USD 18.4 billion. Considering the 2020-21 fiscal year, the current account recorded a surplus of USD 24.0 billion or 0.9 percent of GDP compared with a deficit of USD 24.6 billion or 0.9 percent of GDP in 2019-20. source: Reserve Bank of India
Current Account in India averaged -2062.45 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 September of 2021.
Current Account in India is expected to be -3500.00 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 -5700.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -8400.00 USD Million in 2022 and -7700.00 USD Million in 2023, according to our econometric models.