Current Account in India

India Current Account | Economic News & Forecasts

India - Current Account

Annual economic growth slowed in the second quarter of fiscal year 2018, which ran from July to September, compared to the first quarter. The slowdown was due to a weaker rise in private consumption and substantially faster growth in imports of goods and services. Private consumption appeared to be weighed on by cautious spending among rural households amid a weak crop harvest and low agricultural commodity prices. Imports, meanwhile, were likely stoked by higher oil prices. On a brighter note, there were stronger expansions in public consumption, fixed investment and exports in the second quarter. Turning to the third quarter, the outlook appears mixed: Although the private-sector PMI hit an over two-year high in November, consumer confidence slipped in the same month.

India - Current Account Data

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

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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

ValueChangeDate
Bond Yield7.56-0.04 %Jan 16
Exchange Rate70.98-0.09 %Jan 16
Stock Market36,321-0.08 %Jan 16

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