<h1>India's Balance of Payments Improved in 2013-14; Current Account Deficit Dropped Significantly, Says Economic Survey.</h1> India's Balance of Payments (BoP) position saw significant improvement in 2013-14, especially in the last three quarters, as highlighted in the Economic Survey 2013-14 presented in the Lok Sabha. The enhancement was largely due to government and Reserve Bank of India interventions, alongside a broader macroeconomic slowdown. The current account deficit (CAD) dropped sharply from $88.2 billion (4.7% of GDP) in 2012-13 to $32.4 billion (1.7% of GDP) in 2013-14. This reduction from unsustainable levels over 4% of GDP in previous years marks a welcome development, with an emphasis on maintaining this progress.