Current account balance (credit less debit), Net (credits less debits) in India
India: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (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.