Current account deficit stands at $2.4 bn in Q1: RBI data

According to RBI data, India's current account deficit (CAD) was $2.4 billion in Q1. This figure indicates that the country's foreign exchange earnings from exports of goods and services were less than its payments for imports and other outward remittances. While a deficit is a concern, the figure is relatively low, which suggests a stable economic situation. The government and the RBI are taking measures to address the deficit, including promoting exports and attracting foreign investment. This data is a key indicator of India's external economic health.