New Delhi, Dec. 28 -- India's current account deficit (CAD) showed marginal improvement in the September quarter of 2024, reaching USD 11.2 billion or 1.2 per cent of GDP, compared to USD 11.3 billion or 1.3 per cent of GDP in the corresponding period last year, according to data released by the Reserve Bank of India on Friday.

This represents the second consecutive quarterly deficit following a notable surplus achieved in the January-March quarter of 2024, which marked the country's first positive balance in approximately four years.

The improvement in the current quarter's figures was primarily driven by robust performance in the services sector.

Services exports demonstrated growth across major categories, including computer service...