India Reports Record High Current Account Surplus Amid Demand Drop
A bird flies over boats as gantry cranes stand at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra, India, on Monday, March 30, 2020. Photographer: Dhiraj Singh/Bloomberg

India Reports Record High Current Account Surplus Amid Demand Drop

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India saw a record high current account surplus — a rarity for the economy — in the April-June quarter as a precipitous drop in local demand led to sharper fall in imports compared to exports. The ...
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