India’s current account surplus narrowed to USD 6.5 billion in April-June 2021, from USD 19.1 billion in the corresponding period of the previous year and was equivalent to 0.9 percent of the GDP. The goods deficit expanded to USD 30.7 billion from USD 11 billion a year ago. On the other hand, the services surplus widened to USD 25.8 billion from USD 20.8 billion due to robust performance of net exports of computer and business services and the secondary income surplus rose to USD 19 billion from USD 17 billion. Also, the primary income gap fell to USD 7.5 billion compared to USD 7.7 billion source: Reserve Bank of India

Current Account in India averaged -2032.82 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 October of 2021.

Current Account in India is expected to be -1500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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India Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 12:00 PM Q1 $-8.1B $-1.7B $-2B
2021-09-30 12:00 PM Q2 $6.5B $-8.1B $-2.4B
2021-12-31 12:00 PM Q3 $-1.5B


News Stream
India Current Account Surplus Narrows in April-June
India’s current account surplus narrowed to USD 6.5 billion in April-June 2021, from USD 19.1 billion in the corresponding period of the previous year and was equivalent to 0.9 percent of the GDP. The goods deficit expanded to USD 30.7 billion from USD 11 billion a year ago. On the other hand, the services surplus widened to USD 25.8 billion from USD 20.8 billion due to robust performance of net exports of computer and business services and the secondary income surplus rose to USD 19 billion from USD 17 billion. Also, the primary income gap fell to USD 7.5 billion compared to USD 7.7 billion
2021-09-30
India Current Account Swings to Deficit in January-March
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.
2021-06-30
India Current Account Back to Deficit in Q4
India recorded a current account deficit of USD 1.7 billion in the last three months of 2020, equivalent to 0.2 percent of the GDP. It is the first gap after three consecutive quarter of surplus, mainly due to a wider merchandise goods gap (USD -34.5 billion from USD -14.8 billion in the preceding quarter), and an increase in net investment income payments. On the other hand, the services surplus increased to USD 23.6 billion amid higher export earnings from computer services. For the first nine months of the current financial year (April to December), the current account showed a surplus equivalent to 1.7 period of GDP versus a 1.2 percent deficit in same period last year
2021-03-31

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
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).