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India records a Q4FY24 current account surplus of $5.7bn, the first in 10 quarters, driven by higher service exports and private transfers.
India's current account balance recorded a surplus of $5.7 billion (0.6% of GDP) in Q4FY24, marking the first surplus in 10 quarters, primarily driven by higher service exports and private transfer receipts.
The merchandise trade deficit narrowed to $50.9 billion, and the net services receipts increased by 4.1% growth.
The current account deficit for FY24 was more than halved to a seven-year low of $23.2 billion (0.7% of GDP) from $67 billion (2% of GDP) in the preceding year.
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India registra un superávit en cuenta corriente del cuarto trimestre del año fiscal 24 de 5.700 millones de dólares, el primero en 10 trimestres, impulsado por mayores exportaciones de servicios y transferencias privadas.