Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

The economy appeared to perform quite well in the third quarter of fiscal year 2018, which ran from October to December, after a slowdown in the second quarter. In Q3, economic activity in the private sector increased at the fastest pace since the current survey data series began in January 2016. However, in the same period, the merchandise trade deficit widened slightly year-on-year. Looking ahead, the government will unveil its interim budget for the 2019 fiscal year on 1 February, which will cover its accounts until a new government is formed after the May general elections. After a spate of poor electoral showings for his party in December, Prime Minister Modi could resort to further populist spending measures, which would have negative ramifications for the already-strained public finances.

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 Yield7.53-0.04 %Jan 22
Exchange Rate71.26-0.09 %Jan 22
Stock Market36,445-0.08 %Jan 22

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