Current account deficit widens to 1.1% of GDP in June quarter at $9.7 bn

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Current account deficit widens to 1.1% of GDP in June quarter at $9.7 bn - Business Standard

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Additionally, net external commercial borrowings to India recorded an inflow of $1.8 billion in Q1FY25, as against an inflow of $5.6 billion a year ago.

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Aditi Nayar, chief economist at ICRA, said, "While the current account deficit expectedly widened in Q1 FY25, it undershot our forecast primarily on account of secondary income.