Current Account in India

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

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

The economy likely regained traction in Q2 FY 2019, which runs from July to September, after annual growth slowed to an over six-year low in Q1 FY 2020. This is suggested by a faster increase in private sector activity in Q2 than in Q1, according to PMI data. Moreover, consumers and businesses should have reaped the benefits of lower interest rates in Q2, as the Reserve Bank of India has slashed rates in recent months. However, despite lower rates and encouraging PMI data, consumer confidence has fallen consistently since March and dropped to a multi-year low in September, which probably hampered private consumption growth. Moving to Q3, above-average rainfall this monsoon season should support agricultural output, despite flooding in some areas. In addition, the government cut the corporate tax rate on 20 September to 22% from 30%, which should boost fixed investment.

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 Yield6.55-0.04 %Sep 04
Exchange Rate71.99-0.09 %Sep 04
Stock Market36,725-0.08 %Sep 04

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