In the latest economic update from India, data released on 26 March 2024, reveals that the country's Current Account % of GDP has contracted further to -1.2% in the fourth quarter of 2023. This marks a decrease from the previous quarter's figure of -1%, indicating a worsening current account position for the Indian economy.
The comparison period provided for the data is quarter-over-quarter, showing a decline in the current account percentage relative to the previous quarter. The report highlights the ongoing challenges faced by India in terms of managing its trade balance and foreign exchange reserves. Analysts are closely monitoring the situation and assessing the potential impacts on the country's economic stability and growth prospects in the coming months.
