Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for India
INDB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.90
Year-over-Year Change
-54.19%
Date Range
4/1/1996 - 10/1/2024
Summary
The Balance of Payments: Current Account Balance for India measures the difference between India's total earnings from and payments to the rest of the world. It is a key indicator of India's international economic position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account Balance tracks India's trade in goods, services, and income, as well as unilateral transfers. It is an important metric for assessing India's economic health, external debt sustainability, and global trade dynamics.
Methodology
The data is collected and calculated by India's Ministry of Commerce and Industry based on transactions between Indian entities and the rest of the world.
Historical Context
Policymakers and analysts use the Current Account Balance to inform monetary, fiscal, and trade policies in India.
Key Facts
- India's current account balance was $-23.9 billion in 2021.
- The current account deficit was 2.7% of GDP in 2021.
- India's services trade surplus partially offsets its goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account Balance for India measures the difference between India's total earnings from and payments to the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The Current Account Balance is an important indicator of India's international economic position, trade competitiveness, and debt sustainability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by India's Ministry of Commerce and Industry based on transactions between Indian entities and the rest of the world.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Current Account Balance to inform monetary, fiscal, and trade policies in India.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for India (INDB6BLTT02STSAQ), retrieved from FRED.