New Delhi: India's balance of payments (BoP) is expected to post a surplus of around USD 50 billion in FY27, with the current account deficit (CAD) likely to remain contained at 1 per cent of GDP, as strong foreign currency inflows improve the country's external position, according to SBI Research.
The Ecowrap report said the Reserve Bank of India's special FCNR(B) deposit mobilisation scheme has already attracted USD 57 billion in inflows, while another USD 25-30 billion could flow in during the remaining days of August, taking total collections to around USD 85 billion.
