Current Account in India
India - Current AccountThe 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
|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||7.53||-0.04 %||Jan 22|
|Exchange Rate||71.26||-0.09 %||Jan 22|
|Stock Market||36,445||-0.08 %||Jan 22|
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January 16, 2019
Merchandise export growth slowed to 0.3% in December, down from 0.8% in November.
January 14, 2019
In December, consumer prices rose fell 0.43% in December from the previous month, contrasting the 0.07% rise logged in November.
January 11, 2019
Annual industrial production growth slowed to 0.5% in November, down from October’s revised 8.4% (previously reported: +8.1% year-on-year).
January 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market fell to 53.6 in December from 54.5 in November.
December 14, 2018
In November, consumer prices rose 0.07% in November from the previous month, contrasting the revised 0.36% rise in October (previously reported: +0.29% month-on-month).