Current account surplus narrows on higher imports
MUMBAI: India’s current account surplus narrowed to $7.1 billion in the Jan-Mar 2026 quarter from $13.7 billion a year earlier, as a surge in gold imports and a deterioration in merchandise trade outweighed gains in services exports and remittance inflows, with the surplus halving to 0.7% of GDP from 1.4%.On a sequential basis, however, the…