India's Q1 current account to be in surplus: Citigroup
India's current account is likely to register a surplus of $2 billion or 0.4% of its GDP in the first quarter of 2016-17, a Citigroup report has said. As per the financial services firm, the trade deficit is stabilising at lower levels, and after incorporating the August trade data, the trends point towards a “broadly balanced” current account scenario.