India recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in India averaged -1.13 percent of GDP from 1970 until 2022, reaching an all time high of 2.30 percent of GDP in 2003 and a record low of -4.80 percent of GDP in 2012. source: Reserve Bank of India

Current Account to GDP in India is expected to reach -1.30 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account to GDP is projected to trend around -1.50 percent of GDP in 2025 and -1.80 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Capital Flows -88.70 -51.16 USD Million Dec 2023
Current Account -10503.72 -11398.24 USD Million Dec 2023
Current Account to GDP -2.00 -1.20 percent of GDP Dec 2022
Foreign Direct Investment 8035.00 4523.00 USD Million Jan 2024
Remittances 19634.59 16661.06 USD Million Dec 2023
Terms of Trade 147.00 130.60 points Dec 2023

India Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.20 2.30 -4.80 1970 - 2022 percent of GDP Yearly