Current Account in India
India - Current Account (billions of U.S. Dollars)Annual GDP growth likely slowed in Q3 (FY Q2 2021) due to the fading base effect, but activity should have remained robust. The composite goods PMI averaged significantly higher in Q3, supported by healthier manufacturing and services activity, pointing to stronger production on a sequential basis. Turning to Q4 (FY Q3 2021), growth is likely easing further on a less supportive base effect, but conditions should be improving relative to the previous quarter. In October, the composite goods PMI reached the highest level since January 2012, while the PHDCCI economy GPS index—a leading indicator of GDP—also surged in the same month, hitting a series-record high, due to strong progress on the vaccination front, a busy festive season and upbeat business and consumer sentiment relative to September. Moreover, export growth picked up pace in October, boding well for the external sector.
India - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-22.1||-15.2||-48.7||-57.0||-|
5 years of economic forecasts for more than 30 economic indicators.
India Current Account (USD bn) Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||6.50||-0.04 %||Jan 01|
|Exchange Rate||71.23||-0.09 %||Jan 01|
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November 12, 2021
Industrial output increased 3.1% compared to the same month of the previous year in September, which was weaker than August's 12.0% expansion.
November 12, 2021
Consumer prices increased 1.41% from the previous month in October, accelerating from September's 0.18% increase.
November 10, 2021
Merchandise exports shot up 42.5% annually in October (September: +22.6% year-on-year).
November 4, 2021
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit rose from 55.3 in September to 58.7 in October.
October 14, 2021
Consumer prices increased 0.18% from the previous month in September, decelerating from August's 0.25% increase.