India current account posted a USD 0.6 billion surplus in the first quarter of 2020, compared to a USD 4.6 billion deficit a year earlier, and equivalent to 0.1 percent of the GDP. It is the first current account surplus since the first quarter of 2009, mainly due to a lower trade deficit on goods (USD -35 billion vs USD -35.2 billion) and a smaller primary income gap (USD -4.8 billion vs USD -6.9 billion). Also, the services surplus narrowed to USD 22 billion from USD 21.3 billion and the secondary income surplus went up to USD 18.4 billion from USD 16.2 billion. Services receipts increased due to net earnings from computer and travel services and private transfer receipts, mainly representing remittances by Indians employed overseas, increased to USD 20.6 billion, up by 14.8 percent from their level a year ago. Considering the 2019/2020 fiscal year (April 2019 to March 2020), India current account gap narrowed to 0.9 percent of the GDP from 2.1 percent.

Current Account in India averaged -2176.04 USD Million from 1949 until 2020, 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. 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 July of 2020. source: Reserve Bank of India

Current Account in India is expected to be -7000.00 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 -17000.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -12600.00 USD Million in 2021 and -14400.00 USD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
India Current Account

Actual Previous Highest Lowest Dates Unit Frequency
584.38 -2604.62 7360.00 -31857.18 1949 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 12:00 PM Q2 $-14.3B $-4.6B $ -15B
2019-12-31 11:30 AM Q3 $-6.3B $-14.2B $ -12B
2020-03-12 11:15 AM Q4 $-1.4B $-6.3B $ -13.5B
2020-06-30 12:00 PM Q1 $0.6B $-2.6B $ -6B
2020-09-30 12:00 PM Q2 $0.6B $ 1.2B
2020-12-31 12:00 PM Q3 $ -10B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
India Posts 1st Current Account Surplus in 11 Years
India current account posted a USD 0.6 billion surplus in the first quarter of 2020, compared to a USD 4.6 billion deficit a year earlier, and equivalent to 0.1 percent of the GDP. It is the first current account surplus since the first quarter of 2009, mainly due to a lower trade deficit on goods (USD -35 billion vs USD -35.2 billion) and a smaller primary income gap (USD -4.8 billion vs USD -6.9 billion). Also, the services surplus narrowed to USD 22 billion from USD 21.3 billion and the secondary income surplus went up to USD 18.4 billion from USD 16.2 billion. Services receipts increased due to net earnings from computer and travel services and private transfer receipts, mainly representing remittances by Indians employed overseas, increased to USD 20.6 billion, up by 14.8 percent from their level a year ago. Considering the 2019/2020 fiscal year (April 2019 to March 2020), India current account gap narrowed to 0.9 percent of the GDP from 2.1 percent.
2020-06-30
India Current Account Gap Smallest in Over 3 Years
India's current account deficit narrowed sharply to USD 1.4 billion in October to December 2019 from USD 17.7 billion in the same period last year. That was the smallest gap since the three months to June 2016, equivalent to 0.2 percent of GDP. The goods deficit declined to USD 34.6 billion from USD 49.3 billion a year ago and the primary income gap fell to USD 7.4 billion from USD 7.6 billion. Meanwhile, the services surplus widened to USD 21.9 billion from USD 21.7 billion and the secondary income surplus increased to USD 18.7 billion from USD 17.4 billion.
2020-03-12
India Current Account Gap Narrows Sharply
India's current account deficit narrowed sharply to USD 6.3 billion in the July to September 2019 from USD 19.0 billion in the same period last year, as the goods gap fell to USD 38.1 billion from USD 50.0 billion and the secondary income surplus rose to USD 20.0 billion from USD 19.4 billion. Meanwhile, the primary income deficit and the services surplus were little-changed at USD 8.6 billion and USD 20.4 billion respectively. In April to September, the current account deficit stood at USD 20.4 billion, below USD 34.8 billion in the same period of the previous fiscal year.
2019-12-31
India Current Account Deficit Narrows in Q1 2019-20
India's current account deficit narrowed to USD 14.3 billion, or 2.0 percent of GDP, in April-June 2019-20 from USD 15.8 billion, or 2.3 percent of GDP, in the same period a year earlier. The goods deficit increased to USD 46.2 billion from USD 45.8 billion a year ago and the primary income gap went up to USD 6.1 billion from USD 5.8 billion. Meanwhile, the services surplus widened to USD 20.0 billion from USD 18.7 billion in the previous year and the secondary income surplus advanced to USD 18.0 billion from USD 17.1 billion.
2019-09-30

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).