Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

Economic momentum appeared subdued in April?June, although it was still likely stronger than in January?March. The private sector PMI averaged markedly lower in April?June than it did in the previous three-month period on weaker demand growth, in addition to disruption stemming from the general election. The weather also likely had an impact as workers toiled in sweltering temperatures in May?June. Moreover, there was lower-than-average rainfall in June, the first month of the four-month monsoon season, which will have hit the agricultural sector. In politics, the government unveiled its final budget for FY 2019 on 5 July. The budget outlines a 13.3% spending increase, which is unchanged from the interim budget presented in February. Despite this rise, the government targets a fiscal deficit of 3.3% of GDP, which is lower than the shortfall of 3.4% of GDP recorded in FY 2018.

India - Current Account Data

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

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India Current Account Chart

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

India Facts

Bond Yield6.37-0.04 %Jul 31
Exchange Rate68.88-0.09 %Jul 31
Stock Market37,481-0.08 %Jul 31

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