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India not alone in exhibiting improving current account balance numbers

India had seen an improvement in its current account balance in the March 2023 quarter

current account deficit
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Anoushka Sawhney New Delhi

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India is not alone in exhibiting improving current account balance numbers so far this year.

Brazil and the United States are those showing improvement in the first quarter of 2023, among key peers for whom data is available from the Paris-based Organisation for Economic Co-operation and Development (OECD).

India’s current account deficit (CAD) declined to 0.2 per cent of gross domestic product (GDP) in March 2023, compared to 2 per cent in the previous quarter, according to the data released by Reserve Bank of India (RBI) on Tuesday. The current account balance is broadly a measure of money flowing in

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First Published: Jun 29 2023 | 12:41 AM IST

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