DMCA
Remittances surge: Q1 inflows touch $33.2 billion; CAD narrows sharply
India's current account deficit narrowed significantly in Q1 FY26, driven by a surge in remittances to $33.2 billion and services exports reaching $97.4 billion. While FDI inflows increased, higher outflows reduced net additions. Financial flows remained positive, supported by improved external commercial borrowing, though lower than the previous year due to reduced FDI and NRI inflows.
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