India recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in India averaged -1.13 percent of GDP from 1970 until 2023, 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.