India records a current account surplus of 0.9% in FY21
India reported a current account surplus of 0.9% of GDP in FY 21. In FY 20 there was a current account deficit of 0.9%. (data released by the Reserve Bank of India)
- The main reason for it is the sharp contraction in the trade deficit from US$ 157.5 billion to US$ 102.2 billion in 2019-20.
For all the latest Updates, download PrepareExams App.