The crucial number representing the country's external sector strength has come on the heels of a surplus of $4.6 billion or 0.5 per cent of GDP recorded in the preceding January-March quarter.
The Reserve Bank attributed the year-on-year widening in current account deficit to a rise in merchandise trade gap which was recorded at $65.1 billion in Q1 FY25 as compared to $56.7 billion in the year-ago period.
This story is from the New Delhi 01October2024 edition of Millennium Post Delhi.
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This story is from the New Delhi 01October2024 edition of Millennium Post Delhi.
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