Marathi | HIndi

Epaper
Follow us:
Home > Business > India posts marginal current account surplus in Q4FY20
India posts marginal current account surplus in Q4FY20 English.Lokmat.com

India posts marginal current account surplus in Q4FY20

Mumbai, June 30 India posted a marginal current account surplus in Q4 FY20 on the back of lower ...
India posts marginal current account surplus in Q4FY20

Mumbai, June 30 India posted a marginal current account surplus in Q4 FY20 on the back of lower trade deficit, along with higher remittances and an increase in investment flows, official data showed on Tuesday.

India's current account balance recorded a marginal surplus of $0.6 billion (0.1 per cent of GDP) in Q4 of 2019-20 as against a deficit of $4.6 billion (0.7 per cent of GDP) in Q4 of 2018-19.

On a sequential basis, the country had reported a deficit of $2.6 billion (0.4 per cent of GDP) in the preceding quarter of Q3 of 2019-20.

"The surplus in the current account in Q4 of 2019-20 was primarily on account of a lower trade deficit at $35 billion and a sharp rise in net invisible receipts at $35.6 billion as compared with the corresponding period of last year," the RBI said in its statement on developments in India's Q4FY20 BoP.

( With inputs from IANS )

Tagsindia , mumbai , RBI
India posts marginal current account surplus in Q4FY20
Praxis Media in association with Education Connect announced the prestigious National Education Excellence Awards on June 30, 2020
e-Trio gets a shout-out from Mr Wonderful
E-book titled "Transformational HR - Beyond Processes" launched
General Mills awarded Asia's Best Workplaces 2020 by Great Place to Work
Corona
Patients227439
Died18213
Corona
Patients11,015,218
Died524,743
Corona
Coronavirus Live updates! Around the world