India achieved a significant current account surplus of $4.7 billion in April. This positive shift was driven by robust inward remittance flows. The services sector also contributed to the surplus. However, higher imports, particularly crude oil, led to a merchandise deficit. Foreign portfolio investors withdrew funds amid global conflicts, impacting the capital account.
India recorded a significant current account surplus of $4.7 billion in April, a positive economic development. This surplus was primarily driven by robust inward remittance flows and strong contributions from the services sector. While higher imports, particularly crude oil,…
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.