Current account balance to revert to deficit of 0.8% of GDP in Q1: India Ratings

Published 17:20 IST, September 4th 2024

Ind-Ra attributed the expected deficit to be caused by factors such as a mere 1.0 per cent YoY growth in merchandise exports to around $108 billion in Q2FY25.

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Ind-Ra estimates the current account deficit to widen up to approximately 1 per cent of GDP | Image: Unsplash

17:20 IST, September 4th 2024