Current Account in India
India - Current Account (billions of U.S. Dollars)The economy appeared to grow at a steady, albeit slightly slower, pace in January–March, with survey data for the private-sector pointing to strong growth throughout the period. This comes after economic growth slowed in October–December. In recent days, the main political parties released their general election manifestos. The incumbent Bharatiya Janata Party (BJP) announced it would continue investing heavily in infrastructure and supporting farmers. Aside from putting more emphasis on social welfare spending than on infrastructure expenditure, the economic policy of the opposition Indian National Congress does not drastically differ from the BJP. Meanwhile, the World Bank warned on 4 April that public finances could become more fragile because revenue from the goods and services tax has been below expectations and political parties are making large spending promises.
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||7.39||-0.04 %||May 13|
|Exchange Rate||70.57||-0.09 %||May 13|
|Stock Market||37,091||-0.08 %||May 13|
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May 15, 2019
Merchandise export growth in annual terms plummeted to 0.6% in April, down from 11.0% in March.
May 14, 2019
In April, consumer prices rose 0.50% compared to the previous month and was up from 0.36% in March, primarily due to more expensive food and beverages, and housing. Consumer price inflation was unchanged at 2.9% in April, which was slightly below market analysts’ expectations of 3.0%.
May 11, 2019
Industrial production fell 0.1% in March compared to the same month a year earlier, contrasting the 0.1% growth in February and sharply undershooting market analysts’ expectations of 1.3% growth.
May 6, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market moderated to 51.7 in April from 52.7 in March, shifting closer to the 50-point threshold that separates expansion from contraction in the private sector. The services PMI decreased to 51.0 in April from 52.0 in March, which marks the weakest growth in the services sector since last September.
April 15, 2019
In March, consumer prices rose 0.36% compared to the previous month, up from 0.22% in February.