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Home > All news > Economy, Report & Analysis > India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra

India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra

June 7, 2024
Reading Time: 2 minutes

Mumbai - India Ratings and Research (Ind-Ra) projects that India’s current account balance (CAB) will achieve a surplus of approximately USD 6 billion (0.6 per cent of GDP) in the fourth quarter of the fiscal year 2024 (Q4FY24).

This marks the first surplus since the first quarter of fiscal year 2022 (1QFY22), a significant turnaround from the previous quarter’s deficit of USD 10.5 billion (1.2 per cent of GDP).

Despite this positive quarter, the overall CAB for FY24 is expected to remain in deficit at 0.6 per cent . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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