Current Account-deficit

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Current Account-deficit - Total results - 222
At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI
India

At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI

The RBI data also showed the current account deficit for the October-December quarter of fiscal 2019-20 was revised to $2.6 billion or 0.4 percent of GDP from $1.4 billion earlier.

Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years
Business

Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years

As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about $20 billion or 70 bps of the GDP, says a report

Gold imports dip 14% to $28.2 bn during 2019-20; gems and jewellery exports decline 11% to $35.8 bn
Business

Gold imports dip 14% to $28.2 bn during 2019-20; gems and jewellery exports decline 11% to $35.8 bn

Gold imports, which have a bearing on the country's current account deficit (CAD), fell 14.23 percent to $28.2 billion during 2019-20, according to commerce ministry data

Gold imports dip 8.86% to $27 bn during Apr-Feb 2020; current account deficit narrows to $143 bn
Business

Gold imports dip 8.86% to $27 bn during Apr-Feb 2020; current account deficit narrows to $143 bn

Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise
Business

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise

The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said.

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn
Business

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn

India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data

Easing business climate, trade norms to help India attract FDI, improve CAD: IMF
Business

Easing business climate, trade norms to help India attract FDI, improve CAD: IMF

Easing business climate and relaxing trade-related norms will help India attract foreign investors and improve the current account deficit situation, according to International Monetary Fund (IMF)

Economic Survey 2018-19: Govt may further ease FDI norms to bridge current account deficit
Business

Economic Survey 2018-19: Govt may further ease FDI norms to bridge current account deficit

The government is expected to further ease the foreign direct investment (FDI) norms with a view to bridge the widening current account deficit (CAD), according to the Economic Survey 2018-19

Union Budget 2019: Fiscal deficit a key parameter to measure govt's performance, but cannot allow to grow beyond a level
Business

Union Budget 2019: Fiscal deficit a key parameter to measure govt's performance, but cannot allow to grow beyond a level

Deficit differs from debt, which is an accumulation of yearly deficits. A fiscal deficit is regarded by some as a positive economic event.

New govt faces challenges of arresting slowdown, creating jobs and tackling bad loan woes of banks: Economists
Business

New govt faces challenges of arresting slowdown, creating jobs and tackling bad loan woes of banks: Economists

After a landslide victory at the general election, Prime Minister Narendra Modi faces the immediate challenge of arresting a slowdown in the world's sixth largest economy

India's economic growth driven by domestic demand, need to focus on exports: World Bank
Business

India's economic growth driven by domestic demand, need to focus on exports: World Bank

India's overall growth was "too much" driven by domestic demand, which resulted in double digit growth of imports, and 4-5% growth in exports

CAD widens to 2.5% of GDP in October-December quarter on higher trade deficit: RBI data
Business

CAD widens to 2.5% of GDP in October-December quarter on higher trade deficit: RBI data

The country's current account deficit widened to 2.5 percent of GDP in the third quarter of the current fiscal from 2.1 percent a year ago, primarily on account of a higher trade deficit, the RBI said on Friday

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report
Business

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report

According to Karvy, this is expected to be a "mixed year" for the commodities and currencies market and the rupee may depreciate further

Rupee tumbles 53 paise to 70.21 against US dollar on renewed concerns over widening of current account deficit
Business

Rupee tumbles 53 paise to 70.21 against US dollar on renewed concerns over widening of current account deficit

Besides, strong demand for the American currency from importers also weakened the rupee performance

Crude price surge can upset nation's key macro-stability parameters: RBI study
Business

Crude price surge can upset nation's key macro-stability parameters: RBI study

Since the country is heavily dependent on oil imports to the tune of over 80 percent for meeting its domestic demand, it remains susceptible to global crude price shocks.

CAD widens to 2.9% of GDP during Q2 on large trade deficit; net services receipts increase by 10.2%
Business

CAD widens to 2.9% of GDP during Q2 on large trade deficit; net services receipts increase by 10.2%

The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.

Current account deficit may widen to 3% in September quarter on higher crude prices, gold imports: ICRA
Business

Current account deficit may widen to 3% in September quarter on higher crude prices, gold imports: ICRA

India's current account deficit is likely to rise to 3 percent of GDP in the July-September quarter of current fiscal, from 2.4 percent in the preceding quarter, driven mainly by high crude oil prices, ICRA said

CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI report
Business

CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI report

Total receipts for the six months period is Rs 7.09 lakh crore (39 percent of BE) and the total expenditure is estimated at Rs 13.04 lakh crore (53.4 percent of BE).

Foreign portfolio investors continue sell-off, pull out $900 mn in July-September quarter
Business

Foreign portfolio investors continue sell-off, pull out $900 mn in July-September quarter

On a month-on-month basis, foreign portfolio investors were net buyers of equities worth $330 million in July and $260 million in August. However, they turned net sellers of $1.49 billion in September.