India's current account deficit is likely to widen to 1.6 per cent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.
The country's current account deficit is likely to widen modestly to $ 25 billion in the current fiscal from $ 20 billion last year on rising demand for gold and sluggishness in exports, a report said today.
India’s current account deficit (CAD) for the three months to September came in at $8.2 billion or 1.6% of GDP, a shade worse than the $6.2 billion or 1.2% of GDP seen in Q1FY16, reports fe Bureau in New Delhi.
India’s current account deficit (CAD) narrowed to $6.2 billion or 1.2% of gross domestic product (GDP) in April-June of 2015-16, from $7.8 billion or 1.6% of GDP a year ago, data from the Reserve Bank of India (RBI) showed
The current account deficit narrowed to 1.2 per cent of GDP at USD 6.2 billion in the June quarter on contraction in trade deficit and higher earnings from services exports, the Reserve Bank said today.