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India To Witness Current A/C Surplus Since 2004 – Free PDF Download

    • According to a report,
    • For the first time since FY04, the economy is set to close the current fiscal with a current account surplus of 0.4% of GDP,
    • Boosted by falling imports and crude prices, and not driven by better exports,
    • For fiscal 2020, current account deficit (CAD) improved to 0.9% of GDP from 2.1% in FY19.

    • After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1% or $600 million as against a deficit of $4.6 billion or 7% of GDP in FY19,
    • According to the latest RBI data.

    • However, the surplus trend will not be sustained for long
    • As rising crude prices, gradual recovery in domestic demand and only a modest recovery in exports will reverse the trend.

     
     

     

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