India: Trade balance, percent of GDP

India: Trade balance as percent of GDP

: For that indicator, The World Bank provides data for India from 1960 to 2018. The average value for India during that period was -1.87 percent with a minumum of -6.72 percent in 2012 and a maximum of 0.57 percent in 1976. See the global rankings for that indicator or use the country comparator to compare trends over time.

The trade balance for India and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).