India’s current account balance recorded a deficit of $8.1 billion (1% of Gross Domestic Product – GDP) in the quarter ended March 2021 (Q4FY21) on the back of a higher trade deficit and lower net invisible receipts. According to figures released by the Reserve Bank of India, the country’s current account deficit in the January-March quarter stood at $8.1 billion compared to a surplus of $0.6 billion in the same quarter a year ago.
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