Current Account in India

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

India - Current Account (billions of U.S. Dollars)

Economic growth likely slowed in the second quarter of this fiscal year, which runs from April 2018 to March 2019. In Q2, the merchandise trade deficit increased by nearly 50% compared to the same quarter a year earlier, primarily due to surging oil imports. More positively, business activity in the private sector increased in Q2 at a faster rate than in Q1. Meanwhile, assembly elections are scheduled to take place across five states from 12 November and 7 December. These polls could become litmus tests for the political support of the ruling Bharatiya Janata Party (BJP) heading into the 2019 general elections. Possibly with this in mind, the BJP government has been pressuring the autonomously-run Reserve Bank of India for more accommodative monetary policy in recent weeks. This has sparked rare public rebukes from leading central bank officials.

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

ValueChangeDate
Bond Yield7.59-0.04 %Dec 11
Exchange Rate72.52-0.09 %Dec 11
Stock Market34,960-0.08 %Dec 11

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