MUMBAI: India’s current account deficit narrowed to 1.2% of GDP in Q2 FY25, slightly lower than 1.3% in the year-ago period, according to RBI data. This was despite a significant deterioration in the trade deficit. In absolute terms, CAD declined to $11.2 billion in Q2 FY25 from $11.3 billion in the same period last year, supported by stronger services exports and remittance inflows. gave Trade trade deficit Expanded to $75.3 billion, up from $64.5 billion a year earlier, due to higher gold imports. Services exports rose to $44.5 billion in Q2 FY25 from $39.9 billion in Q2 FY24, easing pressure from the widening trade gap.