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Gold price crash to help improve BoP position, says Rangarajan
Sharp decline gold prices will have favourable impact on the economy especially the high current account deficit (CAD) and the overall Balance of Payment (BoP) position, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said. #C Rangarajan #TheySaidIt #Gold prices #Balance of payments
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India's services exports in Dec at $12.88 bn: RBI
India's services exports in December 2012 stood at $12.88 billion, up 7.1 percent from a month ago, Reserve Bank data showed today. #Numbers #RBI #exports #Balance of payments #services sector
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Healthy balance of payment needed to achieve growth target: Prez
The government will have to take corrective measures to maintain healthy balance of payment in order to achieve the economic growth targets of the 12th Plan period (2012-17), President Pranab Mukherjee said today. #GDP #Pranab Mukherjee #TheySaidIt #Growth #Balance of payments
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FDI inflows jump over two-fold to $4.67 bn in Sept
For the April-September 2012 period, India received maximum FDI from Mauritius ($6.25 billion), Japan ($ 1.32 billion), Singapore ($1.12 billion) the Netherlands ($ 968 million) and the UK ($592 million). #Numbers #FDI #Balance of payments
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Current account deficit may fall to 3.1%, says CRISIL
The country's current account deficit (CAD), which had touched a record high of 4.2 percent last fiscal, is likely to moderate to 3.1 percent of GDP in the current financial year on the back of import moderation and the strengthening rupee. #GDP #fiscal deficit #CRISIL #Current Account Deficit #ExpertView #Balance of Payment
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Slowdown fears: FDI declines by over 65% in Apr-June
Foreign Direct Investment (FDI) in the country declined by over 65 percent to $4.64 billion during April-June 2012-13 year-on-year amid global economic slowdown. #WhyNow #FDI #FII #Balance of payments
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We need the money: Why govt wants to curb gold imports
The budget proposals to curb gold imports is aimed at correcting the BoP deficit. #Gold #ChartView #Balance of payments