India's current account deficit widens in Oct-Dec - RBI | Reuters

MUMBAI India's current account deficit widened to $7.9 billion, or 1.4 percent of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.

That compared with a deficit of $7.1 billion, or 1.4 percent of GDP in the same quarter of 2015, and a deficit of $3.4 billion, or 0.6 percent the GDP in the July-September quarter, according to the RBI data.

Analysts said the deficit widened because of higher imports, but was still on track to stay relatively muted, at around one percent of GDP for the full year ending March.

Meanwhile, the balance of payments for October-December notched a deficit of $1.2 billion compared with a surplus of $4.1 billion a year ago, the RBI data showed. (Reporting by Suvashree Dey Choudhury; Editing by Rafael Nam)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 23, 2017 21:45 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See