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. source: Reserve Bank of India

India recorded a Current Account deficit of 12292 USD Million in the third quarter of 2025. Current Account in India averaged -2495.61 USD Million from 1949 until 2025, 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 February of 2026.

India recorded a Current Account deficit of 12292 USD Million in the third quarter of 2025. Current Account in India is expected to be -9600.00 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 -7600.00 USD Million in 2026 and -6500.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-01 11:00 AM
Current Account
Q2 $-2.4B $13.5B $ -8.3B
2025-12-01 12:00 PM
Current Account
Q3 $-12.3B $-2.7B $-10.3B
2026-03-31 12:00 PM
Current Account
Q4


Related Last Previous Unit Reference
Balance of Trade -34.68 -25.04 USD Billion Jan 2026
Capital Flows -157.00 -400.00 USD Million Sep 2025
Current Account -12292.00 -2722.00 USD Million Sep 2025
Current Account to GDP -0.60 -0.70 percent of GDP Dec 2024
Exports 36.56 38.51 USD Billion Jan 2026
Foreign Direct Investment 1065.00 1542.00 USD Million Nov 2025
Imports 71.24 63.55 USD Billion Jan 2026
Remittances 28547.00 24624.00 USD Million Sep 2025
Terms of Trade 147.30 147.00 points Dec 2024


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
-12292.00 -2722.00 19083.03 -31857.18 1949 - 2025 USD Million Quarterly
Current Prices, NSA

News Stream
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
India Current Account Narrows
India posted a current account deficit of $2.5 billion in the first quarter of the 2026 financial year, narrowing from the $6.6 billion gap in the corresponding quarter of the previous year to mark the softest deficit in the period since 2021. The development was owed to an increase in the surplus of services ($47.9 billion vs $39.7 billion in FY26Q1) and the secondary income account ($31.0 billion vs $26.3 billion). These were enough to offset a wider goods deficit ($-68.5 billion vs $-63.8 billion) amid higher imports of general goods, in addition to a wider deficit in the primary income account ($-12.8 billion vs $-10.9 billion).
2025-09-01
India Current Account Surplus Rises to 4-Year High
India posted a current account surplus of $13.5 billion in the final three months of the 2025 fiscal year, the widest since the September quarter of 2020, and contrasting with market expectations of a soft surplus of $8 billion. The data reflected an increase in the services surplus ($53.3 billion vs $42.7 billion in March quarter 2024) amid strong exports in major categories such as business services and computer services, and a wider secondary surplus ($31.5 billion vs $28.7 billion). In the meantime, the primary deficit narrowed ($-11.9 billion vs $-14.8 billion). These offset a wider goods deficit ($59.8 billion vs $52 billion).
2025-06-27