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India has the worst current account balance
Jan 8, 2013


Notwithstanding the current slowdown, when it came to GDP growth, India has been right up there with its BRIC peers. Especially when the US and Europe were mired in recession. But on many of the other parameters, India has fared quite worse. One such factor has been the current account balance. Indeed, as today's chart of the day shows, India has the worst current account deficit, while countries such as China and Russia have surpluses. This does not bode well for the Indian economy at a time when its spending back home has also shown no signs of abating.

Data Source: The Economist

This Chart Of The Day was published in The 5 Minute WrapUp - Do central banks deserve greater independence?

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