India posted a USD 15.5 billion surplus in July-September 2020, or 2.4 percent of GDP, compared to a USD 7.6 billion deficit in the same period last year. It also compared to a USD 19.8 billion surplus recorded in the previous three-month period, the largest on record. The services surplus widened to USD 21.2 billion from USD 20.9 billion a year ago, while the goods deficit shrank to USD 14.8 billion from USD 39.6 billion. Meanwhile, the secondary income surplus fell to USD 18.4 billion from USD 20.0 billion and the primary income gap increased to USD 9.3 billion from USD 8.8 billion. source: Reserve Bank of India
Current Account in India averaged -2037.30 USD Million from 1949 until 2020, reaching an all time high of 19797.95 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 March of 2021.
Current Account in India is expected to be 7000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in India to stand at -15000.00 in 12 months time. In the long-term, the India Current Account is projected to trend around -12600.00 USD Million in 2021 and -14400.00 USD Million in 2022, according to our econometric models.