Current Account in India
India - Current Account (billions of U.S. Dollars)GDP accelerated at the fastest pace in over two years in the first quarter of FY 2018, which ran from April to June, buoyed by surging private consumption. Meanwhile, although growth rates in government consumption and fixed investment remained high, they fell from the previous quarter. The external sector dragged slightly on headline economic growth in Q1 but significantly less than in the previous quarter due to a stronger expansion in exports. Going forward, the economic picture looks mixed. On the plus side, business activity in the private sector increased in both July and August, although the pace of expansion in August slowed significantly from July’s 21-month high. However, as questions accumulated over the government’s ability to meet its fiscal targets and the rupee continued to weaken, the 11-year government bond yield hit a four-year high in August.
India - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-32.8||-27.6||-22.1||-15.2||-48.7|
5 years of economic forecasts for more than 30 economic indicators.
India Current Account (USD bn) Chart
Source: Ministry of Finance and Met the why particular calculations.
|Bond Yield||8.07||-0.04 %||Sep 19|
|Exchange Rate||72.02||-0.09 %||Sep 20|
|Stock Market||37,121||-0.08 %||Sep 19|
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September 14, 2018
In August, merchandise exports increased 19.2% compared to the same month last year, up from the 14.3% expansion recorded in July.
September 14, 2018
In August, consumer prices rose 0.43% from the previous month—down from the 0.94% rise in recorded in July.
September 12, 2018
Annual industrial production growth decelerated to 6.6% in July from June’s revised 6.9% (previously reported: +7.0% year-on-year), slightly overshooting market analysts’ expectations of 6.5%. There was a broad-based increase in production across industrial sectors in July.
September 5, 2018
The composite Purchasing Manager’s Index (PMI), produced by Nikkei and IHS Market, fell to 51.9 in August from the 21-month high of 54.1 in July.
August 31, 2018
In the first quarter of FY 2018—which ran from April to June 2018—GDP grew 8.2% in year-on-year terms in Q1 FY 2018, up from 7.7% in Q4 FY 2017.