India's current account deficit widened to USD 16.9 billion, or 2.5 percent of the GDP in the last three months of 2018 from USD 13.7 billion or 2.1 percent of the GDP a year earlier. The goods deficit increased to USD 49.5 billion from USD 44 billion a year ago as imports rose 9 percent while exports went up at a softer 7.2 percent. On the other hand, the services surplus increased to USD 21.3 billion from USD 20.7 billion, boosted by a rise in net earnings from telecommunications, computer and information services and financial services. The primary income gap decreased to USD 6 billion from USD 6.5 billion and the secondary income surplus rose to USD 17.3 billion from USD 16.1 billion. Current Account in India averaged -2107.79 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 -13000.00 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 -13500.00 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
2018-06-13 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
2019-03-29 12:00 PM Current Account $-16.9B $-19.1B $ -15B
2019-06-13 12:00 PM Current Account $-16.9B $ -13B
2019-09-13 12:00 PM Current Account $ -15B
2019-12-12 11:30 AM Current Account $ -12B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -15330.00 -10890.00 258.90 -20210.90 USD Million [+]
Current Account -16899.55 -19057.15 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 41400.00 43440.00 45281.90 117.40 USD Million [+]
Exports 26070.00 32550.00 32550.00 59.01 USD Million [+]
External Debt 521200.00 510400.00 529685.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -76.35 -21.31 766.97 -271.47 USD Million [+]
Foreign Direct Investment 3724.00 2370.00 8569.00 -1336.00 USD Million [+]
Remittances 12589.15 14468.42 14468.42 5999.10 USD Million [+]
Tourist Arrivals 1103380.00 1191147.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 686.00 689.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-16899.55 -19057.15 7360.00 -31857.18 1949 - 2018 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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