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2026-04-08 12:49:34
The Governor of the Reserve Bank of India stated that robust growth in service exports and remittances should keep India's current account deficit at a moderate and sustainable level in fiscal year 2026. Recent bilateral and regional trade agreements are expected to boost trade and investment opportunities in India. India remains an ideal destination for foreign direct investment. The growth rate of overseas borrowing and overseas Indian deposits has slowed, and foreign exchange reserves are sufficient to cover 11 months of imports.
