India’s current account may be in deficit in FY22


The current account was at a surplus of $6.5 billion or 0.9% of GDP in the June quarter from a deficit of $8.1 billion in March quarter, aided by a narrowing trade deficit. Brokerage houses and institutional reports however predicted current account to GDP ratio to be back to a deficit of 0.9-1.1% in FY22.
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