India’s Current Account Gap Beats Forecasts as Remittances Surge

India’s current account fared better than expected in the year ended March, with the deficit staying flat as strong services receipts and higher remittances offset disruptions caused by the Iran...

By Anup Roy · Bloomberg Markets

India’s current account fared better than expected in the year ended March, with the deficit staying flat as strong services receipts and higher remittances offset disruptions caused by the Iran war.