India achieved a significant current account surplus of $4.7 billion in April. This positive shift was driven by robust inward remittance flows. The services sector also contributed to the surplus. However, higher imports, particularly crude oil, led to a merchandise deficit. Foreign portfolio investors withdrew funds amid global conflicts, impacting the capital account.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain
September 6, 2026