India recorded a current account surplus of $7.1 billion in the final quarter of the 2026 financial year, narrowing from the surplus of $13.7 billion but contrasting sharply with the market expectations that it would swing to a deficit of $15 billion. Goods deficits were expected to have grown sharply in the period as higher energy costs were set to inflate imports into the Indian economy, lifted by the war in Iran and India's partial pivot away from Russian energy to escape the mounting tariffs from the United States. The goods account recorded a deficit of $83.4 billion, widening sharply from the gap of $59.3 billion, as debits surged by 12% to $196.6 billion. Still, the services surplus widened to $60.4 billion from $53.3 billion, amid a 10% increase in credits to $111.1 billion. The secondary income surplus surged to $41.3 billion from $31.5 billion, amid a 33.9% surge in credits through workers' remittances to $33.9 billion. source: Reserve Bank of India

India recorded a Current Account surplus of 7081 USD Million in the first quarter of 2026. Current Account in India averaged -2512.61 USD Million from 1949 until 2026, reaching an all time high of 19083.03 USD Million in the second quarter of 2020 and a record low of -31857.18 USD Million in the fourth quarter of 2012. This page provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

India recorded a Current Account surplus of 7081 USD Million in the first quarter of 2026. Current Account in India is expected to be -7400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account is projected to trend around -6500.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-02 12:45 PM
Current Account
Q4 $-13.2B $-14.1B
2026-06-08 12:30 PM
Current Account
Q1 $7.1B $-15.5B $-15B $ -8.7B
2026-09-01 12:00 PM
Current Account
Q2 $7.1B $ -7.4B


Related Last Previous Unit Reference
Balance of Trade -28.38 -20.67 USD Billion Apr 2026
Capital Flows 70.00 17.00 USD Million Mar 2026
Current Account 7081.00 -15490.00 USD Million Mar 2026
Current Account to GDP -0.60 -0.60 percent of GDP Dec 2025
Exports 43.56 38.92 USD Billion Apr 2026
Foreign Direct Investment 6230.00 8981.00 USD Million Mar 2026
Imports 71.94 59.59 USD Billion Apr 2026
Remittances 31068.00 26231.00 USD Million Mar 2026
Terms of Trade 102.30 114.20 points Dec 2025


India Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
7081.00 -15490.00 19083.03 -31857.18 1949 - 2026 USD Million Quarterly
Current Prices, NSA

News Stream
India Current Account Unexpectedly Records Surplus
India recorded a current account surplus of $7.1 billion in the final quarter of the 2026 financial year, narrowing from the surplus of $13.7 billion but contrasting sharply with the market expectations that it would swing to a deficit of $15 billion. Goods deficits were expected to have grown sharply in the period as higher energy costs were set to inflate imports into the Indian economy, lifted by the war in Iran and India's partial pivot away from Russian energy to escape the mounting tariffs from the United States. The goods account recorded a deficit of $83.4 billion, widening sharply from the gap of $59.3 billion, as debits surged by 12% to $196.6 billion. Still, the services surplus widened to $60.4 billion from $53.3 billion, amid a 10% increase in credits to $111.1 billion. The secondary income surplus surged to $41.3 billion from $31.5 billion, amid a 33.9% surge in credits through workers' remittances to $33.9 billion.
2026-06-08
India Current Account Widens
India's current account widened to $13.2 billion in the December of 2025 quarter from the $11.3 billion gap on the corresponding period of the previous year. The goods account deficit widened to $93.6 billion in the period from $79.3 billion last year, lifted by a surge in imports as pressure from the US government drove Indian refiners to limit their purchase of cheap Russian oil and switch to more expensive alternatives. In the meantime, the services surplus rose to $57.5 billion from $51.2 billion.
2026-03-02
India Current Account Deficit Narrows in Jul-Sep
India’s current account deficit narrowed to USD 12.3 billion, or 1.3% of GDP, in the July–September 2025-26 quarter, down from a revised USD 20.8 billion, or 2.2% of GDP, in the same period last fiscal year. The goods deficit eased slightly to USD 87.4 billion from USD 88.5 billion a year ago, while surpluses in services (USD 50.9 billion from USD 44.5 billion) and secondary income (USD 36.5 billion from USD 32.4 billion) increased. The primary income deficit, however, rose to USD 12.2 billion from USD 9.2 billion. For the first half of 2025-26, the current account deficit fell to USD 15.0 billion from USD 25.3 billion, supported mainly by stronger services and secondary income surpluses.
2025-12-01