India current account deficit narrows to 0.2% of GDP in Q1; services exports drive improvement: RBI
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
India's current account deficit saw a significant decrease in the June quarter. The Reserve Bank of India reported the deficit narrowed to $2.4 billion. This improvement was driven by strong services exports. The merchandise trade gap widened during this period. Foreign direct investment witnessed a net inflow. Foreign portfolio investment also experienced a rise compared to the previous year. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
