India Clocks Current Account Surplus of $13.5 Billion in Jan-March Quarter

India recorded a current account surplus of $13.5 billion, constituting 1.3 percent of GDP, in the fourth quarter of financial year 2024-25 (January-March), according to data released by the Reserve Bank of India (RBI) on Friday.

- AGENCIES

The robust performance has reversed the current account deficit of $11.3 billion (1.1 percent of GDP) in the preceding third quarter (October-December) of 2024-25.

It also represents a more than two-fold increase from a surplus of $4.6 billion (0.5 percent of GDP) in the same quarter last year.

For the full year 2024-25, India's current account deficit at $23.3 billion (0.6 percent of GDP) was lower than $26 billion (0.7 percent of GDP) during 2023-24, primarily due to higher net invisibles receipts, the RBI said.

Net invisibles receipts were higher during 2024-25 than a year ago on account of services and personal transfers.