InvestorQ : Is India likely to report current account surplus in FY21?
manisha Kolvenkar made post

Is India likely to report current account surplus in FY21?

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Mahima Roy answered.
1 year ago
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According to a Barclays report, India could report a current account surplus of $20 billion; an all time record and the first surplus since 2006. This is largely due to weak crude prices and a sharp fall in overall trade, including gold. Imports are expected to continue to fall faster than exports. Oil consumption had collapsed in April, falling 55%, but that could pick up in the coming months as factories and vehicles get back into action.

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