Current account deficit narrows to 0.9% of GDP in July-September quarter on lower trade deficit: RBI
In the first half of the current fiscal, the CAD narrowed to 1.5 percent of GDP from 2.6 percent in the same period in FY2018-19 on the back of a reduction in the trade deficit.
A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee
The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.
Govt may not further hike import duty on non-essential items; could take other measures to arrest impact of Re slide
The government had, effective 27 September, doubled duties on import of 19 items, including air conditioners, household refrigerators and washing machines (less than 10 kg), to 20 percent.
Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBS
A country's external balances are one of the key factors influencing the currency and weakness in it has led to a 12 percent depreciation in the rupee till now, it said
In value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.
The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said today.
India's current account deficit (CAD) narrowed sharply to USD 0.3 billion, or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per cent, in third quarter, on account of lower trade gap.
In February 2015, the services export was at $14.09 billion
Shifting between smuggling and legal imports makes no difference to the current account deficit. Ergo, removing the restriction will make no difference to the current account deficit
Rather than be caught on the back foot, it does make sense to tackle this issue through multiple measures to ensure that the external count remains stable
India is emerging Asia's canary in the 'hot money' mine. As financial markets sell off on concerns over rising U.S. rates, what happens in India, an economy with slowing growth and a heavy dependence on foreign money, could well determine if this is merely a short-term rout or a full-blown cris
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.
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.
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).
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.
The budget proposals to curb gold imports is aimed at correcting the BoP deficit.