Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

The 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

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 Yield7.77-0.04 %Nov 09
Exchange Rate72.48-0.09 %Nov 09
Stock Market35,159-0.08 %Nov 09

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