US EditionIndia Records $13.5 Billion Current Account Surplus in Q4FY25: RBI
- The Reserve Bank of India reported India recorded a current account surplus of USD 13.5 billion in Q4 of 2024-25.
- This surplus followed a deficit of USD 11.3 billion in the previous quarter, driven by higher net invisibles receipts and falling imports.
- Net services receipts rose strongly to USD 53.3 billion in Q4 from USD 42.7 billion a year earlier, supported by business and computer services exports.
- The merchandise trade deficit widened to USD 59.5 billion in Q4 2024-25 from USD 52 billion in the same period a year ago, while the full fiscal year current account deficit narrowed to USD 23.3 billion .
- The data suggest improving external balance stability due to robust services exports and controlled import levels despite a persistent annual current account deficit.
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India Posts Current Account Surplus Of $13.5 Billion In Q4FY25: RBI Data
India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI
·New Delhi, India
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India records $13.5 billion current account surplus in Q4-FY25 - The Tribune
India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.
·Chandigarh, India
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Leaning Left3Leaning Right5Center0Last UpdatedBias Distribution63% Right
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