India Current Account  1949-2017 | Data | Chart | Calendar | Forecast

India recorded a current account deficit of USD 7.9 billion or 1.4 percent of the GDP in the last three months of 2016, higher than a USD 7.1 billion gap a year earlier. The services surplus decreased to USD 17.6 billion (from USD 18 billion a year earlier), mainly due to a fall in earnings from software, financial services and charges for intellectual property rights. The secondary income surplus also decreased to USD 13.9 billion from USD 15.3 billion. Private transfer receipts, mainly remittances by Indians employed overseas, amounted to USD 15.2 billion, down 3.8 percent from a year earlier. In contrast, the goods deficit narrowed to USD 33.3 billion from USD 34 billion and the primary income shortfall fell to USD 6.2 billion from USD 6.4 billion. In the previous quarter, the current account deficit was lower at USD 3.4 billion. Current Account in India averaged -1784.44 USD Million from 1949 until 2016, reaching an all time high of 7360 USD Million in the first quarter of 2004 and a record low of -31857.20 USD Million in the fourth quarter of 2012.

India Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-21 12:00 PM Q2 $-0.3B $-0.3B $4B $1.1B
2016-12-13 01:00 PM Q3 $-3.4B $-0.3B $ -0.1B
2017-03-23 12:00 PM Q4 $-7.9B $-3.4B $-4.5B
2017-06-16 11:45 AM Q1 $-7.9B $ -3.5B
2017-09-21 12:00 PM Q2 $ -4B
2017-12-12 11:30 AM Q3 $ -3.1B




India Trade Last Previous Highest Lowest Unit
Balance of Trade -13249.19 -10437.20 258.90 -20210.90 USD Million [+]
Exports 24635.09 29232.05 30541.44 59.01 USD Million [+]
Imports 37884.28 39669.20 45281.90 117.40 USD Million [+]
Current Account -7900.00 -3400.00 7360.00 -31857.20 USD Million [+]
Current Account to GDP -0.90 -1.06 2.28 -4.80 percent [+]
External Debt 456100.00 484300.00 485035.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows -19.06 -17.51 766.96 -271.46 USD Million [+]
Foreign Direct Investment 395.00 874.00 5670.00 -60.00 USD Million [+]
Remittances 9888.18 9942.81 12293.40 5999.10 USD Million [+]
Tourist Arrivals 905000.00 956000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 735.00 715.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 42.00 42.00 42.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Current Account Notes

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). This page provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-7900.00 -3400.00 7360.00 -31857.20 1949 - 2016 USD Million Quarterly
Current Prices, NSA



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -6859.20 Mar/17
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16