Current Account in India
India - Current Account (billions of U.S. Dollars)The economy likely declined at one of the sharpest paces on record in Q1 FY 2020 (April–June) as lockdown measures remained in place for most parts of the country and, in turn, hammered economic activity. The private-sector PMI averaged significantly lower in the quarter compared to the previous period, indicating sharp deteriorations in the manufacturing and services sectors. Meanwhile, despite a softer contraction in industrial production in June, output fell severely in Q1 FY 2020. Turning to Q2 FY 2020, the economy remains gloomy, with the composite PMI for July dipping due to a sharper deterioration in the manufacturing sector, unemployment remaining elevated, and the threat of extended lockdown restrictions amid heightened new Covid-19 cases likely weighing on business and consumer confidence.
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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August 4, 2020
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit eased marginally to 37.2 in July from 37.8 in June.
July 3, 2020
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit climbed to 37.8 in June from 14.8 in May.
June 15, 2020
Merchandise exports fell 36.5% in year-on-year terms in May, after falling an historic 60.3% in April (the sharpest fall since at least the early 1990s), amounting to USD 19.1 billion.
June 15, 2020
The National Statistical Office of India released only partial consumer price index (CPI) data for May, as it did previously for April, because of logistical issues related to the coronavirus pandemic.
June 12, 2020
Industrial output fell 55.5% in year-on-year terms in April, which was a larger contraction than March's 18.3% decrease.