Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2023-24
Preliminary data on India’s balance of payments (BoP) for the second quarter (Q2), i.e., July-September 2023-24, are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q2:2023-24 India’s current account balance recorded a deficit of US$ 8.3 billion (1.0 per cent of GDP) in Q2:2023-24, lower than US$