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CURRENT 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 MoreSTEERING THE INDIAN ECONOMY AMIDST GLOBAL TROUBLES Syllabus: GS-3: ● Indian Economy ● Issues related to development Why in the News? The global economy faces a transformative phase marked by trade wars, tariff revisions, and geopolitical tensions. India must strategize to navigate uncertainties and leverage opportunities to secure growth and resilience in this evolving landscape, …
Read MoreWhy in the news? India’s current account balance registered a surplus of $5.7 billion in Q4 FY24, amounting to 0.6% of GDP, marking a significant turnaround from previous deficits. This shift was primarily driven by a reduced merchandise trade deficit, which narrowed to $50.9 billion from $69.9 billion in Q3 FY24. Source:Oliveboard Key Highlights India …
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