Export Recovery

India’s Current Account Turns Surplus in Q4 After Strong Export Recovery

India’s current account recorded a surplus of USD 5.7 billion in Q4 FY24, driven by robust export recovery, reduced trade deficit, and higher remittances. This marks a significant shift after ten quarters of deficits, providing India’s economy with renewed stability and resilience. The article explores key factors, risks, and the future outlook for India’s current account balance.