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India's Trade Gap Widens but Services Help | India News
India’s current account deficit widened slightly in Q1 2027 to $4.2 billion, driven by a growing merchandise trade gap and rising import costs—but was offset by stronger service sector earnings and remittances. Foreign direct investment rose, signaling investor confidence, while portfolio investment saw a sharp outflow, leading to a drop in foreign exchange reserves. Officials remain watchful as volatility in capital flows continues to pose risks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated…
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