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Current Account Deficit

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.

CAD current account deficit declines sharply to 1% of GDP in July-September quarter

CAD current account deficit declines sharply to 1% of GDP in July-September quarter

Tue, Dec 26, 2023

The current account deficit (CAD) was 3.8 per cent of GDP or USD 30.9 billion in July-September quarter in 2022-23. CAD was USD 9.2 billion or 1.1 per cent of GDP in the first quarter (April-June) of the current financial year 2023-24.

Rupee may appreciate towards 79 vs dollar by March 2024: UBS Securities

Rupee may appreciate towards 79 vs dollar by March 2024: UBS Securities

Tue, Apr 04, 2023

The ongoing global crisis has led to major repricing in global rates volatility and commodities, especially oil. The agency estimates crude price to average at USD 80/barrel in FY24 down from USD 95 a barrel in FY23.

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From fiscal policy to revenue expenditure - Here are all key financial terms to know ahead of Union Budget 2023 - Details!

From fiscal policy to revenue expenditure - Here are all key financial terms to know ahead of Union Budget 2023 - Details!

Mon, Dec 26, 2022

Union Budget 2023: The Financial Year 2023-24 (FY23) Union Budget shall be tabled in Parliament on February 1, 2023.

FY23 current account deficit may mildly moderate to 3.3% as imports fall, exports stall

FY23 current account deficit may mildly moderate to 3.3% as imports fall, exports stall

Sat, Dec 17, 2022

With exports continuing to remain under stress for the second consecutive month in November, and imports also falling, the current account deficit is likely to moderate in the second half and close the fiscal with a 3.3 per cent of GDP or USD 108-112 billion, which still be a record high, says a

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.

Current Account Deficit likely to remain within 3% of GDP in 2022-23 on higher commodity prices globally, says RBI article

Current Account Deficit likely to remain within 3% of GDP in 2022-23 on higher commodity prices globally, says RBI article

Sat, Sep 17, 2022

The widening trade deficit, or the gap between the value of imports and exports, puts pressure on the balance of payments.

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.

India's trade worries grow as exports lose steam, imports surge - know what analysts, experts say

India's trade worries grow as exports lose steam, imports surge - know what analysts, experts say

Sun, Sep 04, 2022

On Saturday, the government released preliminary data that showed India's exports fell by 1.15 per cent year-on-year to USD 33 billion in August, while imports rose 36.8 per cent to USD 61.7 billion.

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

Gold imports dip 8.86 pc to USD 27 bn during Apr-Feb 2020

Gold imports dip 8.86 pc to USD 27 bn during Apr-Feb 2020

Mon, Mar 16, 2020

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

Gold imports dip 6.77 pc during April-Dec 2019

Gold imports dip 6.77 pc during April-Dec 2019

Mon, Jan 27, 2020

Gold imports, which have a bearing on the current account deficit (CAD), fell 6.77 per cent to USD 23 billion during the April-December period of the current financial year, according data from the commerce ministry

Rising crude may stretch CAD to 2.5 pct of GDP in FY19: SBI report

Rising crude may stretch CAD to 2.5 pct of GDP in FY19: SBI report

Mon, May 21, 2018

Rising crude oil prices may worsen the current account deficit (CAD) to 2.5 per cent of the GDP in the current financial year, says a SBI report. The CAD - difference between inflow and outflow of foreign exchange - is estimated at 1.9 per cent for 2017-18.

Petroleum, crude oil drives India's imports; CAD may deteriorate to $14 bn in Q4FY18: ICRA

Petroleum, crude oil drives India's imports; CAD may deteriorate to $14 bn in Q4FY18: ICRA

Sat, Apr 14, 2018

Gap between exports and imports which widened by 28.5% in the last quarter of FY18 and took the trade deficit near $87.2 billion during the fiscal.

What is in store for Indian economy? Take a sneak peek here

What is in store for Indian economy? Take a sneak peek here

Thu, Mar 22, 2018

With this, the agency expects the current account deficit to rise to USD 46-48 billion, or 1.8 per cent of GDP, in financial year 2017-18, from USD 15.2 billion, or 0.7 per cent of GDP in financial year 2016-17. According to Icra, the merchandise exports and imports are likely to expand by 8-10 per cent in FY19 to USD 335-340 billion and USD 505-510 billion, respectively, resulting in a widening of the merchandise trade deficit to USD 170-175 billion, unless commodity prices recede significantly.

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.

RBI says current account deficit (CAD) in India widens to $13.5 bn in Q3

RBI says current account deficit (CAD) in India widens to $13.5 bn in Q3

Fri, Mar 16, 2018

Current account deficit: According to the RBI, net services receipts increased by 17.8 per cent on a y-o-y basis mainly on the back of a rise in net earnings from software services and travel receipts. "Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to $17.6 billion, increasing by 16 per cent from their level a year ago," the RBI said.

India's international service export stands at $15.39 billion in November

India's international service export stands at $15.39 billion in November

Mon, Jan 15, 2018

Monthly data on services are provisional and would undergo revision when the BoP data are released on a quarterly basis, RBI said.

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.

CAD to remain manageable at 1.2% of GDP in FY18: UBS

CAD to remain manageable at 1.2% of GDP in FY18: UBS

Tue, Aug 15, 2017

The bulk of the narrowing in CAD over the past five years has been largely led by lower oil imports and drop in gold imports, UBS report said.

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.

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