India’s Q1 current account to be in surplus: Citigroup

NEW DELHI: India’s current account is likely to be in surplus in the first quarter of this financial year, says a Citigroup report. According to the global financial

NEW DELHI: India’s current account is likely to be in surplus in the first quarter of this financial year, says a Citigroup report. According to the global financial services major, trade deficit is stabilising at lower levels, and incorporating August trade data, the trends are pointing to a “broadly balanced” current account scenario. India’s trade deficit stood at $7.7 billion in August, almost unchanged in the last three months.

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