<h1>India's Economic Survey 2019-20: Current Account Deficit Falls to 1.5% of GDP, Forex Reserves Hit $461.2 Billion.</h1> India's Economic Survey 2019-20 reports an improved Balance of Payments position, with a decline in the Current Account Deficit (CAD) to 1.5% of GDP in the first half of 2019-20. Foreign exchange reserves increased to USD 461.2 billion by January 2020, supported by robust FDI inflows and overseas remittances. Merchandise trade balance improved due to declining crude prices, although exports and imports as a percentage of GDP fell. The global economic slowdown impacted trade growth, but India improved its trade facilitation ranking and logistics performance. The logistics sector is poised for growth, aiming to reduce costs to global standards.