India's current account deficit reaches 9-year high: RBI report
The CAD was $18.2 billion, or 2.2% of GDP, in the preceding April-June quarter, while the deficit was $9.7 billion, or 1.3% of GDP, in the same quarter a year earlier.
Dec 29, 2022, 19:46 PM IST
India's current account deficit widens by 2.8% of GDP in April-June period of FY23: RBI
India`s current account balance recorded a deficit of $23.9 billion (2.8 per cent of GDP) in Q1:2022-23, up from US$ 13.4 billion (1.5% of GDP) in Q4:2021-221 and a surplus of $6.6 billion (0.9% of GDP) a year ago [i.e., Q1:2021-22], the RBI said in a statement.
Sep 30, 2022, 08:57 AM IST
China upset with India's import tariff hike, says it will hurt Indian customers: Report
The enhanced duty rates on imported items including jet fuel and air conditioners, kicked in from September 27.
Oct 01, 2018, 11:56 AM IST
Trade deficit greater concern than rupee, says Niti chief
The sharp surge in imports in July this year had led to worsening of India's trade deficit to 5-year high of USD 18.02 billion.
Aug 21, 2018, 17:51 PM IST
India's CAD is expected to widen to 2.8% of GDP this fiscal: Report
With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.
Aug 20, 2018, 11:44 AM IST
India Q3 current account deficit widens to $13.5 bn
Current Account Deficit rose at 2.0% of GDP in Q3 FY 2018.
Mar 16, 2018, 18:51 PM IST
PM Modi to meet FM, officials to review economic situation today
Increasing government spending, particularly on infrastructure, combined with quickly fixing the problems with GST may feature in tomorrow's deliberations.
Sep 18, 2017, 19:17 PM IST
Q3 GDP data surprising; Indian economy to grow by 7.1% in current fiscal: Fitch
Indian economy will grow by 7.1 percent in current fiscal, 7.7 percent in 2017-18, rating agency Fitch said on Tuesday.
Mar 07, 2017, 10:29 AM IST
India's current account deficit likely to stay below 1% of GDP this year: DBS
India's current account deficit is likely to stay below 1 percent of GDP this year, largely due to a sharp fall in the trade deficit as against last year, says a DBS research report.
Oct 17, 2016, 15:28 PM IST
India expected to post first current account surplus in nine years
India is likely to post its first current account surplus in nine years in the latest quarter, which should bolster the rupee though it is not a good sign for the economy as it reflects weak investment demand at home and subdued exports
Sep 14, 2016, 15:59 PM IST
'GDP growth rate to be lower than CSO's forecast of 7.6% in FY16'
The agency said it expects the growth rate for last quarter of 2015-16 at 7.4 percent, which translates into the 2015-16 GDP growth of 7.5 percent.
May 27, 2016, 20:59 PM IST
CAD remains in check; likely to be less than $25 bn: Barclays
According to experts, a CAD up to 2.5 percent of GDP can be financed with the current level of foreign fund inflows and remittances.
Dec 27, 2015, 15:16 PM IST
Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov
Gold imports shrank 36.5 percent to USD 3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the country's current account deficit (CAD) in check.
Dec 27, 2015, 11:57 AM IST
CAD to be around 1.5% of GDP this fiscal: RBI
RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 percent of GDP in the current fiscal.
Sep 17, 2015, 16:32 PM IST
Indirect tax collection growth shows economy improving: CEA
The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.
Aug 12, 2015, 12:14 PM IST
RBI says 'reasonably comfortable' with current account deficit
The Reserve Bank of India is "reasonably comfortable" with the current account deficit because of lower oil prices, deputy governor H. R. Khan said.
Dec 03, 2014, 15:14 PM IST
FDI inflows to remain buoyant in coming quarters: Moody's
Net FDI inflows into India totalled USD 14.1 billion in the first five months of 2014-15.
Nov 26, 2014, 15:52 PM IST
