India’s current account deficit to widen to 1% of Q2 GDP: Ind-Ra
The current account balance may register a deficit of around $8 billion in Q1 FY25 compared to $5.7 billion surplus in the previous quarter
The current account balance may register a deficit of around $8 billion in Q1 FY25 compared to $5.7 billion surplus in the previous quarter
Though there are indications of hardening crude oil prices and supply chain bottlenecks, India's strong performance stands out even as global growth shows a "sluggish" trend, the ministry says
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
CAD narrows on a yearly basis but widens sequentially.
The market capitalisation of BSE-listed firms hit an all-time high of ₹296.04 lakh crore, breaching its previous high of ₹294.36 touched on June 21.
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 will be one of the fastest-growing Fitch-rated sovereigns globally at 6% in FY24, supported by resilient investment prospects, says the American ratings agency
Experts have cited high import duty for the dip in imports of yellow metal; WGC sees a healthy upside for investment in 2023
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.
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.