India's current account surplus in March quarter was 0.6 percent due to increased service exports and remittances.

The vital indicator of the nation's external strength has entered surplus mode for the first time in ten quarters.The Reserve Bank of India announced on Monday that the country's current account surplus for the March quarter was USD 5.7 billion, or 0.6% of GDP.The vital indicator of the nation's external strength has entered surplus mode for the first time in ten quarters.The current account deficit was USD 1.3 billion, or 0.2 percent of GDP, in the same period last year and USD 8.7 billion, or 1 percent of GDP, in the previous quarter that ended in December 2023.According to a press statement from the RBI on developments in India's balance of payments, the current account deficit for FY24 decreased to USD 23.2 billion, or 0.7% of GDP, from USD 67 billion, or 2% of GDP, in FY23.Aditi Nayar, chief economist at domestic rating agency Icra, stated that the agency anticipates a minor increase in the FY25 CAD to 1.1–1.2 percent of GDP, although she quickly clarified that this increase will be extremely manageable.

She stated that increased domestic demand and higher commodity prices will cause the goods trade gap to widen this fiscal year, and that increased foreign portfolio investments (FPI) in the nation's bond market indexes will be a crucial component in ensuring comfortable financing.The goods trade deficit during January to March 2024 was USD 50.9 billion, which is less than the USD 52.6 billion from the same period the previous year.