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India records a current account surplus of 0.9% in FY21

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.

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