Current Account in India
India - Current AccountThe economy had a mixed second quarter this fiscal year, which runs from April 2018 to March 2019, after GDP accelerated at the fastest pace in over two years in the first. On the plus side, business activity in the private sector increased in Q2 at a faster rate than in Q1. However, given that India purchases about 80% of the oil it consumes from abroad, recent increases in oil prices caused the merchandise trade deficit to widen through to August. To help reduce the growing external sector imbalance, the government raised import tariffs on USD 12 billion worth of imports on 26 September. In addition, excise duties on gasoline and diesel were cut on 4 October to lessen the impact of higher fuel prices on consumers.
India - Current Account Data
|Current Account (% of GDP)||-1.8||-1.4||-1.1||-0.7||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
India Current Account Chart
Source: Ministry of Finance and Met the why particular calculations.
|Bond Yield||7.77||-0.04 %||Nov 09|
|Exchange Rate||72.48||-0.09 %||Nov 09|
|Stock Market||35,159||-0.08 %||Nov 09|
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India: The private sector grows in October, although companies turn less optimistic about the future
November 5, 2018
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market rose to 53.0 in October from 51.6 in September.
October 15, 2018
In September, consumer prices fell 0.07% from the previous month, contrasting the 0.43% rise recorded in August.
October 12, 2018
Annual industrial production increased 4.3% in August, down from July’s revised 6.5% (previously reported: +6.6% year-on-year) but above market analysts’ expectations of 3.8% growth. There was a mixed performance across industrial sectors in August.
October 5, 2018
At its monetary policy meeting on 3–5 October, five out of the six members of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to keep interest rates unchanged.
October 4, 2018
The composite Purchasing Manager’s Index (PMI), produced by Nikkei and IHS Market, fell to 51.6 in September from 51.9 in August, but remained above the 50-point threshold that separates expansion from contraction in the private sector.