India's Reserve Bank announced a current account surplus of $5.7 billion in the March quarter, marking the first surplus in 10 quarters. The surplus was attributed to increased exports of services and remittances, although lower net FDI remains a concern.
India's Current Account Turns Surplus After Deficit In Last Quarter: Report https://t.co/v1KX8WtHit https://t.co/Y81D8rGgm2
India records first current account surplus in 10 quarters, thanks to rising exports of services and remittances. However, lower net FDI poses a concern. https://t.co/s8g3cLca2S
India's January-March quarter current account balance logs first surplus in 10 https://t.co/a2WJyddq03 via @Reuters
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India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the Reserve Bank of India said on June 24. https://t.co/nfUsWQajkg