India records a current account surplus after 10 quarters
The RBI released the Q4 data on balance of payments for the financial year 2023-24, for the period between January to March this year.
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June 2024
September 2023
June 2023
April 2023
January 2023
December 2022
October 2022
September 2022
India's Q1 current account deficit at 1.1% of GDP
CAD narrows on a yearly basis but widens sequentially.
India’s Q4 current account deficit narrows sharply to $1.3 bn
The sequential decline in CAD mainly on moderation in the trade deficit to $52.6 bn from $71.3 bn in the previous quarter, coupled with robust services exports
India's merchandise exports rise to $447 bn in FY23
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
CAD to moderate to 1.6% of GDP, exports to contract by 5% in FY24: CareEdge Ratings
The rating agency projects imports to contract by 4% in FY24 on the back of healthy growth in FY23, which is estimated to be at 15%.
Economic Survey 2023: India's CAD within manageable limits
The CAD stands for the measurement of any country’s trade when the value of the goods and services imported exceeds the value of goods and services exported.
India’s CAD widens to record 4.4% of GDP in Q2 FY23
RBI says $30.4 bn worth of foreign exchange reserves were depleted in Q2 vs an accretion of $31.2 bn a year before. FDI inflows at $20 bn in H1 marginally declined from $20.3 billion a year before.
Current account deficit at 37-quarter high of 4.4% of GDP in Q2: Report
Global headwinds facing merchandise exports can be gauged from the fact that goods exports tumbled in October 2022, first time after February 2021, Ind-Ra says.
Falling forex reserves, rising CAD may shake India's sovereign ratings: S&P
The fall in its forex reserves to around $533 billion currently, from a peak of about $634 billion in 2021, is driven in part by India's growing current account deficit, says S&P.
India's Q1 current account deficit at 36-quarter high of $28.4 bn: Ind-Ra
Ind-Ra expects India’s merchandise exports to slow down despite touching a record high of $121.2 billion in Q1 FY23
