<p>However, net capital inflows comprising investment in stock, debt markets and foreign direct investments rebound during the period to US$6.7 billion from a negative trend in the previous two quarters. The current account deficit was however down from US$9 billion in the first quarter of last fiscal as there is surplus from services sector and remittances.<br /><br />Exports declined to 38 billion dollars in the first quarter of this fiscal from $49 billion a year ago. Overall, India’s balance of payments which measures movement of money from rest of the world to India had a surplus of $115 billion in the first quarter against $2.2 billion a year ago.</p>
<p>However, net capital inflows comprising investment in stock, debt markets and foreign direct investments rebound during the period to US$6.7 billion from a negative trend in the previous two quarters. The current account deficit was however down from US$9 billion in the first quarter of last fiscal as there is surplus from services sector and remittances.<br /><br />Exports declined to 38 billion dollars in the first quarter of this fiscal from $49 billion a year ago. Overall, India’s balance of payments which measures movement of money from rest of the world to India had a surplus of $115 billion in the first quarter against $2.2 billion a year ago.</p>