The recent sharp falls in gold and oil prices could feasibly push India’s current account into surplus over the coming months. Given that India’s large external deficit made its markets among the hardest hit during last year’s “taper tantrum”, this would represent a remarkable turnaround in fortunes.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services