Question

There is an increase in....on India's capital account recent time

Answer 1

Answer:

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Answer 2

There is an increase in GDP on India's capital account recent time.

Explanation:

• The current account balance moved into a surplus (0.1 percent of GDP) in the fourth quarter of 2019-20, owing to factors such as a decreased trade deficit and a substantial increase in net invisible revenues.
• This quarterly surplus was recorded 13 years after the fourth quarter of fiscal 2006-07.
• This was followed by two consecutive current account surpluses in the first and second quarters of the current fiscal year.