India’s Current Account Back in Negative Zone

$ 584.4

MILLION

Current account surplus in the March 2020 quarter. It rose further to a record high of $ 19 billion in the June 2020 quarter, before pulling back a little to $ 15.1 billion in the September 2020 quarter

December- quarter numbers show normalisation of trade after lifting of the lockdown. The earlier surpluses were driven by a sharp dip in imports

The current account deficit in Q3 2020 was also mainly due to a rise in trade deficit to $ 34.5 billion, from $ 14.8 billion in the preceding quarter

India’s current account slipped back into deficit ($ 1.7 billion) in October- December 2020 after a gap of three quarters