India posted a USD 19.8 billion surplus in April-June 2020, or 3.9 percent of GDP, compared to a USD 15.0 billion deficit in the same period last year. That was the largest current account surplus since records began in 1949 due to a sharp contraction in the trade deficit to USD 10.0 billion from USD 46.8 billion last year, as imports fell more than exports amid the coronavirus crisis. The services surplus increased to USD 20.5 billion from USD 20.1 billion, while the secondary income surplus declined to USD 17.0 billion from USD 18.0 billion. Meanwhile, the primary income deficit widened to USD 7.7 billion from USD 6.3 billion.
Current Account in India averaged -2098.93 USD Million from 1949 until 2020, reaching an all time high of 19800 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 October of 2020. source: Reserve Bank of India
Current Account in India is expected to be 12000.00 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 -17000.00 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.