India achieved a significant current account surplus of $4.7 billion in April. This positive shift was driven by robust inward remittance flows. The services sector also contributed to the surplus. However, higher imports, particularly crude oil, led to a merchandise deficit. Foreign portfolio investors withdrew funds amid global conflicts, impacting the capital account.
from Markets-Economic Times https://ift.tt/cXgtIYL
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from Markets-Economic Times https://ift.tt/cXgtIYL
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