The Ministry of Tourism revealed that Saudi Arabia has achieved the highest semi-annual surplus ever for the travel item in the balance of payments during the first half of 2023
Barclays estimates the CAD to be about $40 billion for FY24 and any increase due to oil prices would be offset by flows expected into the local debt market.
According to data released on September 28 by the Reserve Bank of India, India s Current Account Deficit surged to $9.2 billion in the first quarter of 2023-24