Current Account to GDP, India Export News

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Current Account to GDP, India Export News

India reported a Current Account deficit of 3.70 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, India Current Account to GDP averaged -1.33 Percent reaching an all time high of 1.50 Percent in December of 2003 and a record low of -3.70 Percent in December of 2011. 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. This page includes a chart with historical data for India Current Account to GDP. 

 

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