Current account surplus
- October 1, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Subject: Economy
Context:
India recorded a surplus of $19.8 billion (3.9% of GDP) in its current account balance in the first quarter of FY21 according to RBI data.
Concept:
- The current account records a nation’s transactions with the rest of the world in goods and services and its net transfer payments—over a defined period of time, such as a year or a quarter.