India's current account deficit widened sharply to USD 19.1 billion, or 2.9 percent of GDP, in July-September 2018-19 from USD 6.9 billion, or 1.1 percent of GDP, in the same period of the previous fiscal year. The goods deficit increased to USD 50.0 billion from USD 32.5 billion a year earlier and the primary income gap edged up to USD 8.7 billion from USD 8.6 billion. On the other hand, the services surplus rose to USD 20.2 billion from USD 18.4 billion a year ago and the secondary income surplus advanced to USD 19.4 billion from USD 15.7 billion. Current Account in India averaged -2054.58 USD Million from 1949 until 2018, 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 -18000.00 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 -12000.00 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
2018-03-19 12:00 PM Current Account $-13.5B $-7.2B $ -13.1B
2018-06-13 12:00 PM Current Account $-13.0B $-13.5B $ -12B
2018-09-07 12:00 PM Current Account $-15.8B $-13.0B $ -15B
2018-12-07 12:00 PM Current Account $-19.1B $-15.8B $ -17B
2019-03-19 12:00 PM Current Account $-19.1B $ -18B
2019-06-13 12:00 PM Current Account $ -13B
2019-09-13 12:00 PM Current Account $ -15B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -13080.00 -16670.00 258.90 -20210.90 USD Million [+]
Current Account -19100.00 -15807.13 7360.00 -31857.18 USD Million [+]
Current Account to GDP -1.90 -0.60 2.30 -4.80 percent [+]
Imports 41010.00 43170.00 45281.90 117.40 USD Million [+]
Exports 27930.00 26500.00 30541.44 59.01 USD Million [+]
External Debt 510428.00 514442.00 529685.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -21.31 17.43 766.97 -271.47 USD Million [+]
Foreign Direct Investment 855.00 3717.00 8579.00 -1336.00 USD Million [+]
Remittances 14468.42 12638.86 14468.42 5999.10 USD Million [+]
Tourist Arrivals 1191147.00 1012128.00 1191147.00 129286.00 [+]
Gold Reserves 592.00 573.10 592.00 357.75 Tonnes [+]
Crude Oil Production 701.00 697.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.53 7.48 8.09 7.22 [+]
Weapons Sales 56.00 42.00 56.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-19100.00 -15807.13 7360.00 -31857.18 1949 - 2018 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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