From deficit to surplus, India's current account registers a surplus of USD 5.7 bn

New Delhi [India], June 24 (ANI): India's current account balance registered a surplus of USD 5.7 billion, equivalent to 0.6 per cent of GDP, in the fourth quarter of the financial year 2023-24, the Reserve Bank of India said on Monday.

The data shows a significant turnaround from the previous quarter, where the country recorded a deficit of USD 8.7 billion, or 1.0 per cent of GDP. Furthermore, it shows an improvement com