Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

Economic growth slowed in the third quarter of fiscal year 2018, which ran from October to December, on a weaker expansion in private consumption owing to tighter financial conditions. Nevertheless, fixed investment increased at a faster rate in Q3, while export growth accelerated and import growth decelerated. The differing export and import dynamics can partly be attributed to the large currency depreciation, followed by the announcement of new import restrictions on some goods, in the immediate run-up to the quarter. Turning to the January–March period, the economy will likely grow at a steady pace, with survey data for the private-sector economy pointing to robust growth in both the manufacturing and tertiary sectors through February. Meanwhile, India’s electoral commission announced the upcoming general election will run from 11 April till 19 May, with the final vote count due on 23 May.

India - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.8  -1.4  -1.1  -0.7  -1.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

India Current Account Chart


India Current Account
Note: Current account balance in % of GDP.
Source: Ministry of Finance and FocusEconomics calculations.

India Facts

ValueChangeDate
Bond Yield7.52-0.04 %Mar 20
Exchange Rate68.79-0.09 %Mar 20
Stock Market38,387-0.08 %Mar 20

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form