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Current Account Surplus What is the news? India’s current account surplus moderated to $15.5 billion (2.4% of GDP) in the second quarter compared with a $19.2-billion surplus (3.8% of GDP) in the April-June quarter. The country had recorded a deficit of $7.6 billion for the quarter ended June, 2019, as per balance of payment data released by the RBI. Balance of Payments (BoP) The balance of payments (BoP) record the transactions in goods, services and assets between residents of a country with the rest of the world. 1) Current Account It records exports and imports in goods and services and…
31 December, 2020
Current Account Deficit
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