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WORKERS’ REMITTANCES CROSS $100 BILLION IN FY26 Why in the News? Record Milestone: Workers’ remittances to India crossed $100 billion for the first time, reaching $110.47 billion in FY26. BoP Support: Strong remittance inflows helped India record a Balance of Payments (BoP) surplus of $7.22 billion in Q4 FY26 despite weak FDI and FPI inflows. …
Read MoreCURRENT ACCOUNT SURPLUS IN Q4 FY26 Why in the News? RBI Data: India recorded a Current Account Surplus (CAS) of 0.7% of GDP in the March quarter (Q4 FY26), lower than 1.4% in the corresponding quarter of the previous year. Annual Position: For FY26, the Current Account Deficit (CAD) stood at $25.2 billion (0.6% of …
Read MoreRUPEE DEPRECIATION AND GLOBAL CAPITAL FLOW DYNAMICS Syllabus: GS 3: Indian Economy Monetary Policy Why in the News? India’s rupee depreciation despite strong macroeconomic fundamentals has raised concerns, with experts attributing the trend to global capital flows, AI-driven investment cycles, and distorted market narratives. EXCHANGE RATE DETERMINATION IN ECONOMICS ● Market Determination: Exchange rates …
Read MoreLearn the components of Balance of Payments—current, capital, and reserve accounts—essential for UPSC GS Paper-III Economics
Read MoreWhy in the news? India’s current account showed a surplus in Q4 of 2023-24, marking the first surplus in 11 quarters. Movements in the current account are significant as they affect the rupee’s exchange rate, India’s sovereign ratings, and overall economic health. Source: Textbook What is Balance of Payments? Definition: The Balance of Payments (BoP) …
Read MoreIntroduction The external sector of an economy encompasses all economic activities that involve foreign currency transactions. Export-import activities, which are the trade of goods and services across international borders. Foreign investment, including direct investments in business operations and portfolio investments in financial assets. External debt, which refers to borrowing from foreign lenders. Current and capital …
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