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INDIA’S CURRENT ACCOUNT SURPLUS IN Q4 FY24

Why 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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