India's Jan-March current account deficit narrows to 0.1% of GDP

India`s current account deficit in the January-March quarter narrowed to $300 million, or 0.1 % of gross domestic product, from $7.1 billion, or 1.3 % of GDP in the previous quarter, the central bank said on Thursday.

The balance of payments surplus in January-March was $3.3 billion, compared to a surplus of $4.1 billion in October-December, according to the Reserve Bank of India.