India's current account deficit likely at below 1% of GDP in FY24
Indias trade deficit narrows and services exports increase, prompting economists to lower the current account deficit (CAD) estimates for FY24. Capital inflows are expected to improve, but the rupee may not strengthen as the central bank aims to boost reserves. April-January period sees lower net services exports and improved FDI flows.
Upasana Bharadwaj First Bank Kotak Mahindra Bank While Quanteco Research Kotak Mahindra Quanteco Research
Source: indiatimes.com