India records current account deficit of 0.2% in Dec quarter: RBI data

However, the current account remained in surplus at 1.7% for Apr-Dec 2020 as against in a deficit of 1.2% in Apr-Dec 2019

After remaining in surplus for three  quarters, India’s current account balance recorded a deficit of $1.7 billion (0.2 per cent of Gross Domestic Product - GDP) in the quarter ended December 2020 (Q3FY21).

However, the current account remained in surplus at 1.7 per cent for April-December 2020 as against in a deficit of 1.2 per cent in April-December 2019 on the back of a sharp contraction in the trade deficit, according to Reserve Bank of India.

The balance was in surplus at $15.1 billion (2.4 per cent of GDP) in Q2FY21 and $19.0 billion (3.7 per cent of GDP) in