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 source: Reserve Bank of India

Current Account in India averaged -2040.32 USD Million from 1949 until 2020, reaching an all time high of 19022.34 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 April of 2021.

Current Account in India is expected to be -2000.00 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 -2600.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -14400.00 USD Million in 2022 and -17700.00 USD Million in 2023, according to our econometric models.

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India Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1723.59 15123.73 19022.34 -31857.18 1949 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 12:00 PM Q1 $0.6B $-2.6B $ -6B
2020-09-30 09:00 AM Q2 $19.8B $0.6B $ 1.2B
2020-12-30 12:20 PM Q3 $15.5B $19.8B $9.5B
2021-03-31 12:00 PM Q4 $-1.7B $15.1B $9B
2021-06-30 12:00 PM Q1 $-1.7B $-2B
2021-09-30 12:00 PM Q2 $-2.4B
2021-12-31 12:00 PM Q3 $-1.5B


News Stream
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 Posts Current Account Surplus in July-September
India posted a USD 15.5 billion surplus in July-September 2020, or 2.4 percent of GDP, compared to a USD 7.6 billion deficit in the same period last year. It also compared to a USD 19.8 billion surplus recorded in the previous three-month period, the largest on record. The services surplus widened to USD 21.2 billion from USD 20.9 billion a year ago, while the goods deficit shrank to USD 14.8 billion from USD 39.6 billion. Meanwhile, the secondary income surplus fell to USD 18.4 billion from USD 20.0 billion and the primary income gap increased to USD 9.3 billion from USD 8.8 billion.
2020-12-30
India Posts Largest Current Account Surplus on Record
India posted a USD 19.8 billion surplus in April-June 2020, or 3.9 percent of GDP, compared to a USD 15.0 billion deficit in the same period last year. That was the largest current account surplus since records began in 1949 due to a sharp contraction in the trade deficit to USD 10.0 billion from USD 46.8 billion last year, as imports fell more than exports amid the coronavirus crisis. The services surplus increased to USD 20.5 billion from USD 20.1 billion, while the secondary income surplus declined to USD 17.0 billion from USD 18.0 billion. Meanwhile, the primary income deficit widened to USD 7.7 billion from USD 6.3 billion.
2020-09-30
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
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).