India: Trade balance as percent of GDP
: For that indicator, The World Bank provides data for India from 1960 to 2016. The average value for India during that period was -1.83 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.From:
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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).
