Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

The economy appeared to grow at a steady, albeit slightly slower, pace in January–March, with survey data for the private-sector pointing to strong growth throughout the period. This comes after economic growth slowed in October–December. In recent days, the main political parties released their general election manifestos. The incumbent Bharatiya Janata Party (BJP) announced it would continue investing heavily in infrastructure and supporting farmers. Aside from putting more emphasis on social welfare spending than on infrastructure expenditure, the economic policy of the opposition Indian National Congress does not drastically differ from the BJP. Meanwhile, the World Bank warned on 4 April that public finances could become more fragile because revenue from the goods and services tax has been below expectations and political parties are making large spending promises.

India - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.8  -1.4  -1.1  -0.7  -1.9  

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India Current Account Chart

India Current Account
Note: Current account balance in % of GDP.
Source: Ministry of Finance and Met the why particular calculations.

India Facts

Bond Yield7.39-0.04 %May 13
Exchange Rate70.57-0.09 %May 13
Stock Market37,091-0.08 %May 13

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