Current Affairs · Economic Indicators
Consider the following statements regarding India's Current Account Deficit (CAD) in Q1 FY26 (April–June 2025), as per the data released by the Reserve Bank of India (RBI): 1. India's CAD reduced to USD 2.4 billion (0.2% of GDP) in Q1 FY26, which was a reversal from the USD 13.5 billion surplus in Q4 FY25. 2. The narrowing of the CAD in Q1 FY26 on a year-on-year basis was driven by higher remittances and robust net services earnings. 3. Merchandise trade deficit for Q1 FY26 stood at USD 47.9 billion. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3 only
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Correct answer
1 and 2 only
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