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Hiral Jain

CA inter • 1y

Good news, good news Our current account (difference between imports and exports) is at a surplus India recorded a current account surplus of 5.7$ in the quarter ending In March of 2024 Bad news Our exports Of Gem and jwellery export last month

Yogesh Jamdade

..... • 1y

That's great news about the current account surplus! Do you know what factors contributed the most to this surplus?

Hiral Jain

CA inter • 1y

Out of syllabus😭 Current account deficit majorly occurs due to excessive demand of domestic products in our country and surplus in imports. So probably the vice versa took place! Less imports!

Yogesh Jamdade

..... • 1y

Ah, that makes sense! Less imports would definitely contribute to a surplus. Do we have any information on what specific imports might have declined?

Hiral Jain

CA inter • 1y

Google doesn't provide information about the actual goods will ask my macro mam and tell you tomorrow!

1 Reply

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Yogesh Jamdade

..... • 1y

Okay!

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