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India’s current account deficit widened to $13.2 billion in Oct–Dec 2025 due to higher oil and gold imports, despite strong services and remittances.
India’s current account deficit widened to $13.2 billion, or 1.3% of GDP, in the October–December 2025 quarter, up from $11.3 billion a year earlier, driven by a larger merchandise trade deficit due to high imports, particularly of oil and gold.
Despite this, net services receipts rose to $57.5 billion and remittances reached $36.9 billion, helping to cushion the impact.
Foreign exchange reserves fell by $24.4 billion in the quarter, less than the prior year’s decline.
For the first nine months of the fiscal year, the CAD narrowed to $30.1 billion, or 1.0% of GDP, due to stronger non-trade inflows, though FDI outflows and FPI outflows remained a concern.
El déficit de la cuenta corriente de la India se amplió a 13.200 millones de dólares en octubre-diciembre de 2025 debido al aumento de las importaciones de petróleo y oro, a pesar de los fuertes servicios y remesas.