India is always having the Current Account Deficit (USD 7.6 billion Q3 2020). This is because of the large presence of crude oil in the import basket of the nation. The lion share of the petroleum used by the transportation sector. India imports 96% of its oi...
India Current Account Deficit Narrows in Oct-Dec India's current account deficit narrowed to USD 10.5 billion or the equivalent of 1.2% of GDP in the October-December 2023 quarter, compared with USD 16.8 billion or 2.0% of GDP in the same quarter of the previous year. The services surplus...
MUMBAI, March 29 (Xinhua) -- India's current account deficit widened to 2.5 percent of Gross Domestic Product (GDP) in October-December, or the third quarter of the current fiscal year, from 2.1 percent in the corresponding quarter a year ago, said a release by the country's Central Bank...
and supporting consumption and investment. Meanwhile, India’s fiscal deficit narrowed at the end of the last fiscal year,9while its current-account deficit is also trending downward.
Our external sector inspires confidence as we are reaping export opportunities, in the services sector; our current account deficit remains eminently manageable; and we have bolstered our forex reserves to deal with potential eventualities. Today, India has become the new engine of global growth ...
aIf so, this could mean that India’s current account deficit is higher by perhaps around one per cent of GDP, which takes the country’s BoP into more worrisome territory. 正在翻译,请等待...[translate]
aIf so, this could mean that India’s current account deficit is higher by perhaps around one per cent of GDP, which takes the country’s BoP into more worrisome territory. 如果那样,这可能意味或许印度的往来帐户亏损由大约国民生产总值的百分之一是高,采取国家的打击入更加令人烦恼的疆土。[translate...
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India’s current account deficit improved to 0.7% of GDP in FY24, down from 2.0% in FY23, despite subdued global demand for goods but counterbalanced by strong services exports. Net foreign direct investment ( FDI ) inflows declined from US$42 billion in FY23 to $26.5 billion in FY24, ...
Last year it was 1.8% but because of the capital outflows and high trade deficit, this year it has gone to 2.6%. The empirical studies in India have shown that a sustainable threshold is around 2.5%. Consequently, the intention is always to bring the current account deficit down. For eme...