India Reports Current Account Surplus of $13.5 Bn in Q4 of FY24-25

On annual basis the current account was in deficit at USD 23.3 billion (0.6 per cent of GDP) during 2024-25

- AGENCIES

India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI data released on Friday.

However, on annual basis, the current account was in deficit at USD 23.3 billion (0.6 per cent of GDP) during 2024-25, said the 'India's Balance of Payments during the Fourth Quarter (January-March) of 2024-25' released by Reserve Bank of India.

"India's current account balance recorded a surplus of USD 13.5 billion (1.3 per cent of GDP) in Q4:2024-25 as compared with USD 4.6 billion (0.5 per cent of GDP) in Q4:2023-24 and against a deficit of USD 11.3 billion (1.1 per cent of GDP) in Q3:2024-25," RBI said.

Balance of Payments is an indicator of the country's external payment scenario.