Current account swings to Q4 surplus, may slip again
mumbai, June 28 -- After three deficit quarters, India reported a current account surplus for January-March, but is expected to slip back into a deficit in the ongoing first financial quarter of 2025-26.
The fourth quarter of FY25 saw a current account surplus of 1.3% of gross domestic product, against a deficit of 1.1% for the third quarter, data released by the Reserve Bank of India on Friday showed.
The surplus improved to $13.5 billion in the latest March quarter from a surplus of $4.6 billion in the same period last year. In the December quarter, India recorded a current account deficit of $11.3 billion.
The current account measures the flow of goods, services and investments into and out of the country. A surplus indicates more money ...
To read the full article or to get the complete feed from this publication, please
Contact Us.