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India's Current Account Surplus Explained & a cursory view of State bank of India’s stock.

Suppose your bank account was always on minimum balance or less. One day suddenly you get to know that you have won one lakh rupees in a lottery and the winning amount (after tax deduction) has already been deposited in your bank account. How would you feel? Of course, you will be happy and excited because this pandemic has been financially stressful for almost all of us. No matter to which sector you belong, be it a businessman or employee, we all got affected by this Covid-19 pandemic. But there can be deductions from your account because you have failed to maintain a minimum balance most of the time. Also, it would be hard for you to maintain this balance throughout the year.



You might be thinking that what are we talking about? So we have good news that the Indian government has reported a current account surplus of $19.8 billion in the April-June quarter. But it would be a challenge to maintain this throughout this year. Why? So let’s discuss this in detail.

What Does a Government Current Account Mean?

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