Brief by Shorts91 Newsdesk / 03:35pm on 08 Jun 2026,Monday India
India's current account surplus narrowed to $7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, according to Reserve Bank of India data. The surplus was lower than $13.7 billion recorded a year earlier. The decline was mainly due to a wider merchandise trade deficit, which rose to $83.4 billion from $59.3 billion. However, strong growth in services exports and higher remittances from Indians working abroad helped support the economy. During the quarter, foreign direct investment inflows increased to $4.2 billion, while foreign portfolio investors recorded net outflows of $12 billion. (PC: ANI)
