Current Account in India

India Current Account (USD bn) | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-32.8  -27.6  -22.1  -15.2  -48.7  

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India Current Account (USD bn) Chart

India Current Account
Note: Current account balance in % of GDP.
Source: Ministry of Finance and Met the why particular calculations.

India Facts

Bond Yield8.07-0.04 %Sep 19
Exchange Rate72.02-0.09 %Sep 20
Stock Market37,121-0.08 %Sep 19

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