Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

The economy likely declined at one of the sharpest paces on record in Q1 FY 2020 (April–June) as lockdown measures remained in place for most parts of the country and, in turn, hammered economic activity. The private-sector PMI averaged significantly lower in the quarter compared to the previous period, indicating sharp deteriorations in the manufacturing and services sectors. Meanwhile, despite a softer contraction in industrial production in June, output fell severely in Q1 FY 2020. Turning to Q2 FY 2020, the economy remains gloomy, with the composite PMI for July dipping due to a sharper deterioration in the manufacturing sector, unemployment remaining elevated, and the threat of extended lockdown restrictions amid heightened new Covid-19 cases likely weighing on business and consumer confidence.

India - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-1.1  -0.7  -1.8  -2.1  -     

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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

Value Change Date
Bond Yield6.50-0.04 %Jan 01
Exchange Rate71.23-0.09 %Jan 01

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