India recorded a Current Account deficit of 11457 USD Million in the fourth quarter of 2024. This dataset provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about India Current Account Balance: % of GDP

• India Current Account deficit accounted for 1.2 % of the country's Nominal GDP in Sep 2024, compared with a 1.1 % deficit in the previous quarter.
• India Current Account Balance: % of Nominal GDP data is updated quarterly, available from Jun 2004 to Sep 2024, with an average value of -1.5 %.
• The data reached an all-time high of 3.7 % in Jun 2020 and a record low of -6.8 % in Dec 2012.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Reserve Bank of India provides Current Account Balance in local currency based on BPM6. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Current Account Balance as % of Nominal GDP prior to Q2 2011 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Key information about India Current Account Balance: % of GDP

• In the latest reports of India, Current Account recorded a deficit of 11.2 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 5.0 USD bn in Sep 2024.
• India Direct Investment Abroad expanded by 7.3 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 19.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 873.7 USD bn in Mar 2023.

India recorded a Current Account deficit of 0.70 percent of the country's Gross Domestic Product in 2023. This dataset provides - India Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In fiscal year 2024, the current account balance to GDP ratio in India was negative or running a deficit of more than 1.2 percent. The current account balance to GDP ratio was positive in fiscal year 2021, valuing to nearly one percent.

Key information about India Current Account Balance

• India Current Account recorded a deficit of 11.2 USD bn in Sep 2024, compared with a deficit of 10.2 USD bn in the previous quarter.
• India Current Account Balance: USD mn data is updated quarterly, available from Jun 1949 to Sep 2024, with an averaged value of -349.9 USD mn.
• The data reached an all-time high of 19.1 USD bn in Jun 2020 and a record low of -31.9 USD bn in Dec 2012.
• CEIC extends history for quarterly Current Account Balance. The Reserve Bank of India provides Current Account Balance in USD based on BPM6. Current Account Balance prior to Q2 2009 is based on BPM5.
• Foreign Direct Investment (FDI) increased by 5.0 USD bn in Sep 2024.
• India Direct Investment Abroad expanded by 7.3 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 19.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 873.7 USD bn in Mar 2023.

Current account balance (% of GDP) in India was reported at --0.89592 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for India (INDB6BLTT02STSAQ) from Q2 1996 to Q4 2024 about current account, BOP, and GDP.

Graph and download economic data for Current Account Balance: Total Trade of Goods for India (DISCONTINUED) (BPBLTD01INQ637S) from Q1 1960 to Q2 2011 about current account, BOP, India, trade, and goods.

Current account balance (BoP, current US$) in India was reported at --31962287412 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

India BoP: Current Account: Invisibles data was reported at 111.319 USD bn in 2018. This records an increase from the previous number of 98.026 USD bn for 2017. India BoP: Current Account: Invisibles data is updated yearly, averaging 2.244 USD bn from Mar 1949 (Median) to 2018, with 70 observations. The data reached an all-time high of 118.139 USD bn in 2015 and a record low of -242.000 USD mn in 1991. India BoP: Current Account: Invisibles data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.JEB014: Balance of Payments: BPM5: USD: Current Account (Annual).

In 2018, India's trade deficit of goods amounted to around 189.69 billion U.S. dollars, a significant slump after a steady recovery towards the black since 2013.

Balance of trade

The trade balance, also called commercial balance or balance of trade, is the difference between the value of a country’s exports and its imports over a certain timespan. If a country exports more goods or services than in imports, the trade balance is positive – a so-called trade surplus. If a country imports more than it exports, the trade balance is in the red – a trade deficit. Among other factors, trade is affected by production, currency exchange rates, and taxes, and of course by the availability of raw materials and prices of goods.

India’s trade is in the red

The reason for India’s persistent trade deficit is simple: The country imports far more than it exports. India is a very fast-growing economy with the majority of its GDP generated by services, while most of its workforce is employed in agriculture. India’s main imports include chemicals, crude oil, and machinery, while India exports textiles, software, petroleum products, and leather goods. One reason for the increasing trade deficit is probably the price of crude oil and the rapid economic growth, which means that export trade now needs to catch up to the demand.

Graph and download economic data for Balance of Payments: Total Net Current Account for India (INDBCAGDPBP6PT) from 1990 to 2029 about current account, BOP, India, and Net.

Current and historical data on India's Current Account and comparison with global peers.

India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data was reported at -0.559 % in 2021. This records a decrease from the previous number of -0.278 % for 2020. India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data is updated yearly, averaging -1.175 % from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 2.276 % in 2003 and a record low of -4.830 % in 2012. India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Balance of Payments: Current Account: Forecast: Non OECD Member: Annual. CBGDPR-Current account balance, as a percentage of GDP Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6):https://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

India trade balance for 2023 was -73.51 billion US dollars, a 38.5% decline from 2022.

<ul style='margin-top:20px;'>

<li>India trade balance for 2022 was <strong>-119.53 billion US dollars</strong>, a <strong>43.78% increase</strong> from 2021.</li>
<li>India trade balance for 2021 was <strong>-83.13 billion US dollars</strong>, a <strong>690.53% increase</strong> from 2020.</li>
<li>India trade balance for 2020 was <strong>-10.52 billion US dollars</strong>, a <strong>85.61% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

India recorded a trade deficit of 26.42 USD Billion in April of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

India IN: Balance of Payment: USD: Current Account: Balance of Primary Income data was reported at -64.571 USD bn in 2026. This records a decrease from the previous number of -59.831 USD bn for 2025. India IN: Balance of Payment: USD: Current Account: Balance of Primary Income data is updated yearly, averaging -4.693 USD bn from Dec 1979 (Median) to 2026, with 48 observations. The data reached an all-time high of 0.320 USD bn in 1980 and a record low of -64.571 USD bn in 2026. India IN: Balance of Payment: USD: Current Account: Balance of Primary Income data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Balance of Payments: Current Account: USD: Forecast: Non OECD Member: Annual. BSIID-Balance of primary income, value in USD

The dataset contains year- and quarter-wise historically compiled data from the year 1990-91 to till date on the value (in both Indian rupees and us dollars) of credit and debit transaction performed in current accounts in the overall balance of payments compiled by Reserve Bank of India (RBI)

Notes:

1. The current account in India‚ Balance of Payments (BoP) statistics distinguishes between merchandise and non-merchandise transactions and, accordingly, comprises two major heads, Invisible (merchandise) account and an Invisible (non-merchandise) account. Invisibles, in turn, have three sub-categories, viz., services, transfers and income. Traditionally, a distinction is made between goods and services in the current account to take into account the differences in the nature of their production and international trade. While in the case of goods, international trade is conducted separately from production, in the case of services, the two are closely linked, as the production process of services involves a resident and non-resident

2. The term G.n.i.e in the dataset denotes to Government goods and services not included elsewhere (G.n.i.e)

Graph and download economic data for Current Account Balance: Total Services for India (DISCONTINUED) (BPBLSE01INA188S) from 1997 to 2010 about current account, BOP, India, and services.

In 2022, the current account balance in China was approximately 402 billion U.S. dollars. In comparison, the current account balance in India showed a deficit of approximately 79 billion U.S. dollars in that year.