Current Account
The widening gap primarily stemmed from a substantial increase in the trade shortfall and a reduced surplus in services, which outweighed gains from rising remittances and a slight easing in investment income outflows
The primary driver of this shift was a sharp expansion in the current account deficit, which rose to $5.9 billion, compared to $2.8 billion in the first quarter of the prior year.
The current account during the period from July to March of FY 2018-19 posted a deficit of $7.6 billion
