Current Account in India

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

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

The economy looks set to gain traction in Q2 FY 2019, which runs from July to September. Rainfall in August and September, the final two months of the four-month monsoon season, is expected to be normal, which, coupled with above-average rainfall in July, should alleviate concerns in the agriculture sector following the dearth of rain in June. In addition, the private sector PMI rose to an eight-month high in July, mainly on the back of a rebound in the services sector. Looking back at Q1, the economy likely strengthened slightly thanks to faster annual industrial production growth, although the private sector PMI averaged notably lower than in Q4 FY 2018. Meanwhile, in politics, the government contentiously scrapped Jammu and Kashmir’s special status on 5 August, triggering civil unrest despite the government’s preemptive clampdown. In retaliation, Pakistan has suspended bilateral trade with India.

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

ValueChangeDate
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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