Developments in India’s Balance of Payments during the First Quarter (April-June) of 2023-24
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2023-24, are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q1:2023-24 India’s current account deficit (CAD) narrowed to US$ 9.2 billion (1.1 per cent of GDP) in Q1:2023-24 from US$ 17.9 billion