India's balance of payments data for Q4 and FY2024 shows a current account surplus of $5.7 billion (0.6% of GDP), driven by higher service exports and remittances, and a merchandise trade deficit narrowing to $50.9 billion. The full-year deficit stands at $23.3 billion (0.7% of GDP), a significant improvement from $67.1 billion last year. However, the surplus indicates depressed domestic demand.