Though India current account balance as a share of GDP fluctuated substantially in recent years, it tended to decrease through 1997 - 2016 period ending at -0.9 % in 2016.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.
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