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Indias merchandise trade deficit narrowed to a nine month low of $ 17.5 bn in January compared to $ 19.8 billion in December 2023. Service surplus surged to $16.8bn in January versus $16.0bn surplus in December. ....
Goldman Sachs has revised India s 2024 current account deficit projection to 1.3% of GDP from 1.9%. Optimistic about external balances, the bank expects services exports to perform well, forecasts lower crude oil prices at $81 per barrel, and foresees strong capital flows with potential inclusion in the JP Morgan bond index. ....