India recorded a Current Account deficit of 2.30 percent of the country's Gross Domestic Product in the 2018-19 fiscal year. Current Account to GDP in India averaged -1.18 percent from 1970 until 2018, reaching an all time high of 2.30 percent in 2003 and a record low of -4.80 percent in 2012. source: Reserve Bank of India

Current Account to GDP in India is expected to be -2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account to GDP is projected to trend around -2.60 percent in 2020, according to our econometric models.

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India Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -1.90 2.30 -4.80 1970 - 2018 percent Yearly


India Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

India Trade Last Previous Highest Lowest Unit
Balance of Trade -11250.00 -12120.00 258.90 -20210.90 USD Million [+]
Current Account -6253.68 -14180.72 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 38610.00 38110.00 45730.00 117.40 USD Million [+]
Exports 27360.00 25980.00 32550.00 59.01 USD Million [+]
External Debt 557519.00 557057.00 557519.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 points [+]
Capital Flows -96.61 -818.79 766.97 -818.79 USD Million [+]
Foreign Direct Investment 1175.00 2155.00 8569.00 -1336.00 USD Million [+]
Remittances 16373.32 14641.80 16373.32 5999.10 USD Million [+]
Tourist Arrivals 1091946.00 944233.00 1191147.00 129286.00 [+]
Gold Reserves 618.16 618.16 618.16 357.75 Tonnes [+]
Crude Oil Production 658.00 662.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.52 7.57 8.09 7.22 [+]
Weapons Sales 46.00 56.00 56.00 0.00 USD Million [+]