Is India likely to report current account surplus in FY21?

According to a Barclays report, India could report a current account surplus of $20 billion; an all time record and the first surplus since 2006. This is largely due to weak crude prices and a sharp fall in overall trade, including gold. Imports are expected to continue to fall faster than exports. Oil consumption had collapsed in April, falling 55%, but that could pick up in the coming months as factories and vehicles get back into action.