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India’s Q3 FY25 CAB deficit to be $10 bn; Q4 may see surplus: Ind-Ra
India’s current account deficit is estimated to ease to $10 billion in Q3 FY25, with a potential surplus expected in Q4, according to Ind-Ra. A global trade rebound, with 2.8 per cent YoY growth in Q3, is boosting momentum. India’s merchandise exports rose to $109 billion in Q3 and are projected to reach $114 billion in Q4, while imports are set to moderate to $174 billion amid easing global conditions.
India’s current account deficit is estimated to ease to $10 billion in Q3 FY25, with a potential surplus expected in Q4, according to Ind-Ra.
A global trade rebound, with 2.8 per cent YoY growth in Q3, is boosting momentum.
India’s merchandise exports rose to $109 billion in Q3 and are projected to reach $114 billion in Q4, while imports are set to moderate to $174 billion amid easing global conditions.
