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National / The Economic Times

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Indias current account gap narrows in Q2 on higher services exports, remittances

India's current account deficit significantly eased to $12.3 billion in Q2 FY24, primarily driven by robust services exports and remittances. This improvement contrasts with a wider deficit in the previous quarter and a substantial decline in foreign exchange reserves on a balance of payments basis.

1 Dec 2025 9:57 pm