Current Account in India

India Current Account (USD bn) | Economic News & Forecasts

India - Current Account (billions of U.S. Dollars)

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 (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-32.8  -27.6  -22.1  -15.2  -48.7  

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India Current Account (USD bn) Chart

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

India Facts

Bond Yield7.43-0.04 %Jan 14
Exchange Rate70.76-0.09 %Jan 14
Stock Market35,854-0.08 %Jan 14

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