Services exports save the day for current account in Sep quarter
Mint Mumbai|December 28, 2024
A rise in services exports helped narrow India's current account deficit (CAD) in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24.
Gopika Gopakumar
Services exports save the day for current account in Sep quarter

Reserve Bank of India (RBI) data released on Friday showed CAD during the quarter at $11.2 billion or 1.2% of GDP, compared with $11.3 billion or 1.3% of GDP a year earlier.

India had logged a CAD of $9.7 billion, or 1.1% of GDP, in April-June this year. In the three months prior to that—the fourth quarter of 2023-24 (January-March 2024)—India had registered its first current account surplus in about four years due to a narrowing in merchandise trade deficit.

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هذه القصة مأخوذة من طبعة December 28, 2024 من Mint Mumbai.

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