Browsing Tag
current account deficit
Current a/c deficit shrinks in March quarter as imports dip – Times of India
NEW DELHI/MUMBAI: The country’s current account deficit(CAD) significantly decreased in the January to March 2023 quarter to 0. 2% of gross domestic product (GDP), much lower than market expectations, due to a smaller trade gap and…
Cad: CAD narrows to 0.2% of GDP in Q4 FY23 on lower trade deficit, higher services exports –…
MUMBAI: India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI datashowed on…
Record Export Numbers Despite Global Headwind Show Resilience of India: Exporters
Last Updated: April 14, 2023, 05:58 ISTThe country’s imports also grew by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22. (Representative image)The total goods and services exports during the last fiscal…
Gold imports dip 30% to $31.8 billion in April-February 2023
Image for representational purpose only.
| Photo Credit: MUSTAFAH K.K.
India's gold imports, which have a bearing on the current account deficit, fell about 30% to $31.8 billion during April-February 2023 due to high customs duty and…
Rbi: Current account deficit narrows to 2.2% of GDP in Q3: RBI data – Times of India
MUMBAI: India's current account deficit, a key indicator of the country's external sector, declined to USD 18.2 billion or 2.2 per cent of the GDP in the December quarter of the current fiscal. The decline was mainly due to narrowing of…
India’s current account deficit narrows to 2.2 percent of GDP in September quarter
India's current account deficit narrowed in the December quarter as trade deficit fell and services and remittances income surged.The current account in the balance of payments which deflects the country's exports and imports of goods and…
India’s shrinking current account gap provides a reprieve for rupee – Times of India
MUMBAI: Economists are lowering their forecasts for India’s current-account shortfall, thanks to favorable trade trends that are proving to be a blessing for the rupee — currently among the worst performers in emerging Asia.Barclays Plc…