India's current account deficit widens to $9.7 billion in the first quarter of fiscal year 2024, mainly due to a rise in merchandise trade deficit. This is a key indicator of the country's external sector and shows an increase from the $8.9 billion deficit in the same quarter last year. At the same time, net foreign direct investment inflows have increased to $6.3 billion and net external commercial borrowings have decreased to $1.8 billion in the current quarter. Non-resident deposits have also increased to $4 billion.