Page 2 of Current Account Deficit

"If we translated these numbers in actual terms, every Re 1 fall against the dollar leads to an increase in software exports by USD 250 million".

Current account deficit likely to be lower at 3 pc this fiscal, says SBI report

CAD has a counter cyclical shock absorber, he said in a report on Thursday.

November 10, 2022 17:44 IST

Markets to remain volatile in near-term; use opportunities to build positions in cos with growth potential

Markets, which have been volatile, will likely remain so in the next couple of months. However, an astute investor would…

October 29, 2022 10:06 IST

Current account deficit to widen as demand slowdown abroad hits India’s exports; may hit 3.3% of GDP

The possibility of widening exists despite the improvement in trade deficit recently reported by the Reserve Bank of India. India’s…

October 5, 2022 11:24 IST

current account deficit, current account deficit news, current account deficit latest, forex, Indian economy, economy news, balance of payments

India’s current account deficit at 15-quarter high in Q1

Despite net portfolio outflows of a considerable $14.6 billion, the forex reserves saw a modest rise of about $4.6 billion…

September 30, 2022 06:20 IST

Current account deficit, Current account deficit rises, Current account deficit in q1, rbi on Current account deficit

Current account deficit widens to 2.8 pc of GDP in Q1 of FY23: RBI

India’s current account surplus stood at USD 6.6 billion, equivalent to 0.9 per cent of GDP in the first quarter…

September 29, 2022 17:53 IST

Indian economy, gdp growth, economic growth, cpi inflation, recession

Indian economy to grow at 6.8% this fiscal, CAD may widen to 5.5% of GDP in Q2 FY23

While the commodity prices have come off sharply from their peaks, global growth concerns persist, led by strong monetary tightening…

Updated: September 19, 2022 12:18 IST

India Ratings has already trimmed its FY23 economic growth forecast for the country to 6.9% from 7% estimated earlier.

CAD may have hit 36-quarter high of 3.4% in Q1: India Ratings

The country had achieved a current account surplus of 0.9% in the June quarter of the last fiscal, as imports…

September 17, 2022 01:45 IST

current account deficit, exports, import

India’s current account deficit to rise to 3.5% of GDP in FY23 on slowing global growth, says Nomura

While moderating commodity prices and the uneven pace of growth recovery will affect import growth in coming months, slowing global…

September 7, 2022 11:50 IST

Nevertheless, the government isn’t letting the guard down, the source added.

Concerns about inflation, current account deficit easing: Source

No plan to cut fertiliser subsidy despite BE being overshot

August 12, 2022 05:15 IST

It, however, added that the deterioration of CAD could moderate with an increase in service exports, in which India is more globally competitive as compared to goods exports.

CAD to worsen unless global prices ease steadily: Finance ministry

Elevated global farm prices have boosted the real purchasing power in the rural areas, with terms of trade for agricultural…

July 15, 2022 05:50 IST

The review released on Thursday by the ministry also said that global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which have driven inflation in India, remain major imported components in the consumption basket.

CAD expected to deteriorate in FY23 on costlier import: FinMin Report

On the positive side, the report said, agriculture is picking up momentum with the revival in monsoon and Kharif sowing.…

July 14, 2022 17:14 IST

However, the June quarter might have seen a higher CAD of $15.5-17.5 billion, according to Icra, which also said the goods trade deficit in most months of FY23 could exceed the $20 billion mark.

CAD narrows on quarter to 1.5% in Q4, seen wider in Q1

Barclays said: “We maintain our recently raised current account deficit forecast for FY23 at $115 billion (3.3% of GDP). We…

June 23, 2022 02:00 IST

On the other hand, India’s merchandise imports are expected to accelerate on the back of escalated commodity prices and higher rupee depreciation in FY23.

CAD likely moderated to 1.96% of GDP in Q4FY22, says report

The CAD is estimated to have been at 1.38% ($43.81 billion) in FY22 compared to the current account surplus of…

June 10, 2022 06:15 IST

He also said the Indian economy is well placed to deal with geopolitical challenges.

RBI Governor Shaktikanta Das says expect current account deficit to remain at sustainable level

“We expect the current account deficit to remain at sustainable level and the normal flows will enable us to meet…

June 8, 2022 18:20 IST

The capital account had a surplus of only $23.2 billion in Q3FY22, compared with $40.4 billion in the previous quarter and $33.5 billion in the year-ago quarter.

Current account deficit widens to 2.7% of GDP in Q3FY22

The December quarter also witnessed net portfolio outflows of $1.6 billion against inflows of $28.9 billion a year ago; yet,…

April 1, 2022 06:30 IST

CAD to widen to 1.6 pct of GDP in 2016-17 on demand push: Nomura

India’s current account deficit is likely to widen to 1.6 per cent of GDP this fiscal, driven by pick-up in…

May 16, 2016 16:42 IST

Indonesia trade surplus, current account deficit, low commodity prices

Indonesia posts $670 million trade surplus in April

Indonesia’s trade surplus increased in April due to a larger-than-expected drop in imports, the statistics bureau said on Monday.

May 16, 2016 16:21 IST

Nomura: India’s current account deficit may swing to surplus in Q1 2016

CAD narrowed to 1.4 per cent in April-December, from 1.7 per cent in the corresponding period of 2014-15.

May 2, 2016 18:15 IST

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BSA celebrates first anniversary of the Gold Star

41 min ago

The BSA Gold Star, a classic single motorcycle, has returned to India and is being celebrated with an exchange program for riders. Customers can trade in any two-wheeler for up to Rs 10,000 and receive a limited-edition accessory kit worth Rs 5,896. The bike boasts a powerful 652cc engine, LED lighting, and modern details while maintaining its classic design.

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