India's current account balance registered a surplus of 13.5 billion dollars (1.3 per cent of GDP) in the January-March quarter of 2024-25, a notable increase compared to a 4.6 billion dollar surplus (0.5 per cent of GDP) in the same period last year, according to the Reserve Bank of India (RBI) on Friday.

This marks a significant turnaround from the deficit of 11.3 billion dollars (1.1 per cent of GDP) recorded in the December quarter of 2024-25.

On an annual basis, India's current account deficit for the entire 2024-25 fiscal year stood at 23.3 billion dollars (0.6 per cent of GDP), which is lower than the 26 billion dollar deficit (0.7 per cent of GDP) in 2023-24. This improvement was primarily driven by higher net invisible receipts.