India's current account balance is significantly influenced by the merchandise trade deficit, which is often offset by the surplus in services trade and remittances. In Q4 2023-24, strong performance in services exports was a key factor in achieving a surplus.
What was the primary reason for the current account surplus in Q4:2023-24 ?
Asked in APPSC Group II Mains paper 2 2025 · Topic: Current Account and Capital Account (Current Account Surplus (CAS): Implications and Sustainability)
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Answer: B. Surge in services exports
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