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India's current account deficit narrows YoY to $11.2 bn in Q2 FY25
short by Mansi Agarwal / on Friday, 27 December, 2024
India's current account deficit narrowed marginally year-over-year to $11.2 billion or 1.2% of the GDP in the July-September quarter. The figure stood at $11.3 billion or 1.3% of GDP in the same period a year ago. The merchandise trade deficit widened YoY to $75.3 billion in the quarter, while net services receipts increased YoY to $44.5 billion.
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