India's current account to register temporary surplus of USD 30 Bn in FY21: Report
Shortpedia
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India's current account will swing to a surplus of USD 30 billion or 1.2 per cent of GDP in FY21, due to slowdown in imports during the pandemic, a report said on Tuesday, making it clear that it will be a "temporary" phenomenon. The crucial number, which is one of the key aspects gauged while determining a country's macroeconomic position, will swing back to a deficit of USD 15 billion in the next financial year, it said.
