India's present account slipped into deficit within the April–June quarter on account of a wider merchandise commerce hole, the Reserve Financial institution of India mentioned in an announcement on Monday.
The present account deficit was $2.4 billion, or 0.2% of GDP, within the first quarter of FY 2025-26, in contrast with a surplus of $13.5 billion, or 1.3% of GDP, within the earlier quarter, in keeping with the info.
In the identical quarter final 12 months, India posted a present account deficit of $8.6 billion, or 0.9% of GDP.
[With PTI inputs]
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