India Current Account

India recorded a Current Account deficit of 4.20 USD Billion in the fourth quarter of 2013. Current Account in India is reported by the Reserve Bank of India. Current Account in India averaged -1.63 USD Billion from 1949 until 2013, reaching an all time high of 7.36 USD Billion in the first quarter of 2004 and a record low of -31.86 USD Billion in the fourth quarter of 2012. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.20 -5.15 7.36 -31.86 7.82 | 2014/06 1949 - 2013 USD Billion Quarterly

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India Current Account
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-27 02:30 AM India
Current Account
Q1 2013 $ -18.1B $ -32.55B $ -21.6B $ -34.7B
2013-09-30 12:30 PM India
Current Account
Q2 2013 $-21.8B $ -18.1B $ -14.7B
2013-12-02 11:30 AM India
Current Account
Q3 2013 $-5.2B $-21.8B (R) $ -18.2B
2014-03-05 11:45 AM India
Current Account
Q4 2013 $ -4.2B $ -5.2B $ -30B
2014-06-30 01:30 PM India
Current Account
Q1 2014 -6.08
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Trade Last Previous Highest Lowest Forecast Unit
Current Account -4.20 2013-12-31 -5.15 7.36 -31.86 7.82 2014-06-30 USD Billion [+]
Current Account to GDP -4.60 2012-12-31 -4.20 1.50 -4.60 -5.75 2014-06-30 Percent [+]
Crude Oil Production 766.00 2013-10-15 767.00 813.00 526.00 768.67 2013-11-30 Thousands Barrels per Day [+]
External Debt 390048.00 2013-12-31 345819.00 390048.00 75858.00 411502.68 2014-06-30 USD Million [+]
Foreign Direct Investment -83.00 2014-02-15 436.00 5670.00 -83.00 1660.19 2014-06-30 USD Million [+]
Remittances 10010.16 2013-11-15 9194.86 10010.16 5999.10 10897.74 2014-06-30 USD Million [+]
Terms of Trade 62.00 2013-06-30 63.00 100.00 62.00 45.68 2014-06-30 Index Points [+]
Tourist Arrivals 669000.00 2014-03-15 738000.00 800000.00 129286.00 584668.13 2014-06-30 [+]
Balance of Trade -10507.30 2014-03-15 -8130.20 258.90 -20210.90 -10138.98 2014-06-30 USD Million [+]
Exports 29578.43 2014-03-15 25688.94 30541.44 59.01 29254.58 2014-06-30 USD Million [+]
Imports 40085.80 2014-03-15 33819.10 45281.90 117.40 39326.93 2014-06-30 USD Million [+]
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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). The balance of trade is typically the most important part of the current account. And a current account surplus is usually associated with trade surplus. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant. Positive net sales to abroad generally contribute to a current account surplus as the value interest or dividends generated abroad is bigger than the value of interest or dividends generated from foreign capital in the country. Net transfer payments are very important part of the current account in poor and developing countries as workers' remittances, donations, aids and grants and official assistance may balance high trade deficits.


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