In the current fiscal year, the current account was in the last two quarters, $ 15.1 billion and $ 19 billion, respectively, in surplus according to the data.
According to Reserve Bank data released on Wednesday, India’s current account deficit narrowed to $ 1.7 billion or 0.2% of GDP in the December quarter, compared to $ 2.6 billion, or 0.4% of GDP, in the year-ago period.
In the current fiscal year, the current account was in the last two quarters, $ 15.1 billion and $ 19 billion, respectively, in surplus according to the data.
The key metric of the country’s external strength is now in the form of a surplus of 1.7% of GDP for the first nine months of the fiscal year, against a decrease of 1.2% in the year-ago period.
The RBI said that in the December quarter, the merchandise trade deficit increased from $ 14.8 billion to $ 34.5 billion and net investment income payments increased.
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