India's current account deficit surges to $2.4 billion in q1 FY 2025-26

India's current account experienced a deficit of $2.4 billion, equivalent to 0.2% of GDP, during the April-June quarter of FY 2025-26. This shift is attributed to a larger merchandise trade gap, contrasting with the previous quarter's surplus of $13.5 billion, or 1.3% of GDP. In the same period last year, the current account deficit stood at $8.6 billion, representing 0.