Current account balance (credit less debit), Net (credits less) in India
India: Current account balance (credit less debit), Net (credits less) was -32.15 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in India, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in India is -32.15 billion, measured in 2024.
Compared with earlier readings it is down 0.6% on the previous year and down 17.7% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in India peaked at 32.73 billion in 2020 and was at its lowest, -91.47 billion, in 2012.
India ranks 194th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in India, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -10.28 billion | — |
| 2006 | -9.30 billion | -9.6% |
| 2007 | -8.08 billion | -13.2% |
| 2008 | -30.97 billion | +283.5% |
| 2009 | -26.19 billion | -15.5% |
| 2010 | -54.52 billion | +108.2% |
| 2011 | -62.52 billion | +14.7% |
| 2012 | -91.47 billion | +46.3% |
| 2013 | -49.12 billion | -46.3% |
| 2014 | -27.31 billion | -44.4% |
| 2015 | -22.46 billion | -17.8% |
| 2016 | -12.11 billion | -46.1% |
| 2017 | -38.17 billion | +215.1% |
| 2018 | -65.60 billion | +71.9% |
| 2019 | -29.76 billion | -54.6% |
| 2020 | 32.73 billion | -210.0% |
| 2021 | -33.42 billion | -202.1% |
| 2022 | -79.05 billion | +136.5% |
| 2023 | -31.96 billion | -59.6% |
| 2024 | -32.15 billion | +0.6% |
India compared with similar countries
- India's -32.15 billion is below the median for lower middle income countries, which is -96.83 million, 332.0× the median. (46 countries reporting)
- India's -32.15 billion is below the median for South Asia, which is 268.04 million. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -16.96 billion | -30.97 billion | -8.08 billion | 5 |
| 2010s | -45.30 billion | -91.47 billion | -12.11 billion | 10 |
| 2020s | -28.77 billion | -79.05 billion | 32.73 billion | 5 |
Countries ranked near India
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in India?
- Current account balance (credit less debit), net (credits less debits) in India was -32.15 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in India?
- The highest recorded value was 32.73 billion in 2020.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in India?
- The lowest recorded value was -91.47 billion in 2012.
- How does India rank for current account balance (credit less debit), net (credits less debits)?
- India ranks 194th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in India?
- Over the last ten years it is down 17.7%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.