Current a/c ended FY21 in surplus, a first in 17 years

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The current account balance- comprising net of India's export of goods and services- recorded a surplus of 0.9 per cent of GDP in 2020-21 as against a deficit of 0.9 per cent in 2019-20 on the back of a sharp contraction in the trade deficit to $ 102.2 billion from $ 157.5 billion in 2019-20, according to the preliminary numbers released by RBI.

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