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Current account deficit narrows to 1.2% of GDP in Q3: RBI

Current account deficit narrows to 1.2% of GDP in Q3: RBI

Tue, Mar 26, 2024

The deficit was $10.5 billion, or 1.2 per cent of GDP, in the third quarter of fiscal 2023/24, compared with $11.4 billion, or 1.3 per cent of GDP, in the preceding quarter, which was revised upwards from $8.3 billion, or 1 per cent of GDP.

India’s CAD current account deficit shrinks to 0.2% in Q4FY23 as trade gap narrows: RBI

India’s CAD current account deficit shrinks to 0.2% in Q4FY23 as trade gap narrows: RBI

Tue, Jun 27, 2023

As per various analysts, the shrinking of India's current account deficit was on account of a trade deficit of $ 265.3 billion as against $ 188.5 billion a year ago.

Zee Business Top Picks 19th Sep'22: Top Stories This Evening - All you need to know

Zee Business Top Picks 19th Sep'22: Top Stories This Evening - All you need to know

Mon, Sep 19, 2022

Top stories featured on zeebiz.com - F&O trading new rules to decoding the natural gas price decline to Queen Elizabeth II funeral updates, know top picks this evening.

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Current Account Deficit: CAD seen hitting a 36-quarter high at 3.4% in April-June

Current Account Deficit: CAD seen hitting a 36-quarter high at 3.4% in April-June

Mon, Sep 19, 2022

In the March 2022 quarter, the deficit was a moderate 1.5 per cent or USD 13.4 billion, while in Q1FY22 the current account surplus was USD 6.6 billion or 0.9 per cent of GDP when the country was hit by the second wave of the pandemic, according to the agency.

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 7th September 2022

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 7th September 2022

Tue, Sep 06, 2022

Zee Business Stock, Trading Guide: The support range for Nifty50 will be 17475-17550 if the index starts trading below 17600 on Wednesday. The resistance zone is at 17775-17850.

Economy on course to achieve 8-8.5% growth based on Q1 data, says Finance Ministry

Economy on course to achieve 8-8.5% growth based on Q1 data, says Finance Ministry

Tue, Jul 19, 2022

Finance ministry on Tuesday said that the economy is on course to achieve projected 8-8.5 per cent growth based on high-frequency indicators for the first quarter of the current fiscal

CAD widens to 2.5 pc of GDP in Q3

CAD widens to 2.5 pc of GDP in Q3

Fri, Mar 29, 2019

In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period, up from USD 13.7 billion in the year-ago period.

Income Tax changes to subsidy: What will determine inflation when crude surge upsets economy? RBI says this

Income Tax changes to subsidy: What will determine inflation when crude surge upsets economy? RBI says this

Sun, Jan 06, 2019

Besides CAD, rise in crude prices can also impact inflation and fiscal deficit, says the report.

India's current account deficit in Q2 hits four-year high on oil price rise

India's current account deficit in Q2 hits four-year high on oil price rise

Fri, Dec 07, 2018

The current account deficit in July-September hit 2.9 percent of gross domestic product or $19.1 billion, the highest since April-June quarter of 2013. In July-September 2017 the current account deficit was $6.9 billion or 1.1 percent of GDP, Reserve Bank of India data showed.

Big relief for Modi govt from oil prices now!

Big relief for Modi govt from oil prices now!

Fri, Nov 23, 2018

"The recent decline in oil prices might compress the CAD by around $5 bn-$6 bn from our estimates of $78 bn in current fiscal. This will imply CAD settling down at 2.6 per cent of GDP (previously 2.8 per cent). Additionally, if crude averages $65 and rupee stays at 70, then petrol and diesel prices could fall further on average by Rs 4 or more," the report said.

CAD may narrow to 2.6% of GDP in FY19 on falling crude: Report

CAD may narrow to 2.6% of GDP in FY19 on falling crude: Report

Fri, Nov 23, 2018

Following decline in oil prices, the country's current account deficit (CAD) is expected to touch 2.6 per cent of GDP in the current fiscal against an earlier expectation of 2.8 per cent, a report said.

These companies will benefit from govt's new import duty hike; Find out

These companies will benefit from govt's new import duty hike; Find out

Fri, Sep 28, 2018

While government took this harsh decision on the back to control widening CAD and rupee depreciation, its fallout will be positive for some companies.

Govt unveils steps to check CAD, Prime Minister Narendra Modi reviews health of economy

Govt unveils steps to check CAD, Prime Minister Narendra Modi reviews health of economy

Sat, Sep 15, 2018

Briefing media after the meeting, Finance Minister Arun Jaitley said the government has decided on "five steps" to contain CAD, which widened to 2.4 per cent of the GDP in the first quarter of 2018-19. He said several issues were discussed during the meeting and decision on those are likely in the next few days.

On Indian economy, UBS flags external vulnerability, says indicators 'stretched'

On Indian economy, UBS flags external vulnerability, says indicators 'stretched'

Tue, Mar 20, 2018

According to UBS, India's CAD doubled from 0.7 per cent of GDP in 2016-17 to 1.4 per cent in 2017-18 and the widening of CAD is likely to continue in the next financial year as well "albeit at a slower pace". UBS expects CAD at 1.8 per cent in 2018-19.

India's current account deficit more than doubles in Q2 FY18

India's current account deficit more than doubles in Q2 FY18

Wed, Dec 13, 2017

RBI said that India's CAD rose to $7.2 billion (1.2%) in the second quarter of 2017-18 as against $3.4 billion, or 0.6% of the GDP in thte same quarter of last year. The data further revealed that CAD narrowed sharply from $15 billion in the first quarter of the current fiscal year (2.5% of the GDP).

India needs Rs 50 lakh crore for infrastructure projects over five years, says FM Jaitley

India needs Rs 50 lakh crore for infrastructure projects over five years, says FM Jaitley

Thu, Nov 30, 2017

Higher number of infrastructure projects pave the way into the future as the government looks to award national highway projects every year.

India's first quarter current account deficit rises sharply to $14.3 billion

India's first quarter current account deficit rises sharply to $14.3 billion

Fri, Sep 15, 2017

India`s current account deficit (CAD) rose sharply to $14.3 billion in the first quarter (April-June) of 2017-18 from $0.4 billion reported for the like period of 2016-17, the Reserve Bank of India (RBI) said on Friday.

India's current account deficit at $ 3.4 billion in Q4FY17

India's current account deficit at $ 3.4 billion in Q4FY17

Thu, Jun 15, 2017

RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year.

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Tue, May 16, 2017

HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.

India's foreign direct investment inflow momentum may slow in 2017: HSBC

India's foreign direct investment inflow momentum may slow in 2017: HSBC

Sun, May 07, 2017

HSBC in its latest report has said that India's foreign direct investment (FDI) inflow momentum may slow down this year and exports too may not revive with "full gusto" as domestic bottlenecks remain.

India's current account deficit widens in October-December: RBI

India's current account deficit widens in October-December: RBI

Thu, Mar 23, 2017

India`s current account deficit widened to $7.9 billion, or 1.4 % 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.

India's current account deficit to rise 50% in FY18, pegged at $30 billion

India's current account deficit to rise 50% in FY18, pegged at $30 billion

Thu, Mar 09, 2017

Higher oil and gold imports coupled with subdued remittances and exports is likely to strain India's current account and the deficit is projected to reach $30 billion (nearly Rs 2 lakh crore) in financial year 2018, ICRA said.

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

Mon, Jan 16, 2017

India's current account deficit (CAD) is expected to be around 1.3% of GDP in 2017 as against a deficit of 0.8% in 2016, says a report.

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