India Jan-March Current Account Deficit Narrows As Trade Gap Shrinks, Says RBI
India's balance of payments (INBOP=ECI) stood at a surplus of $5.6 billion compared to a surplus of $11.1 billion in the preceding quarter and a deficit of $16 billion in the same quarter a year earlier. Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $28.6 billion, up 20.8% from a year ago.
Jun 27, 2023, 17:13 PM IST
India's Gold import tanks 17 % in Apr-Oct due to fall in demand: Commerce Ministry
The imports during October this year also contracted by 27.47 per cent to USD 3.7 billion, the data showed. Silver imports during the month too dipped 34.80 per cent to USD 585 million. Cumulatively, the imports, however, jumped to USD 4.8 billion as against USD 1.52 billion during April-October 2021-22.
Nov 27, 2022, 13:02 PM IST
India's July-September current account deficit more than doubles to $7.2 billion
However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.
Dec 13, 2017, 19:36 PM IST
India's current account deficit at 4-year high, widens sharply to 2.4% in April-June quarter
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit which stood at USD 41.2 billion, brought about by a larger increase in merchandise imports relative to exports.
Sep 15, 2017, 18:14 PM IST
India's current account deficit to widen to 1.3% of GDP in 2017: Nomura
India's current account deficit (CAD) is likely to widen to 1.3 percent of GDP in 2017 from 0.6 percent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report.
Jul 18, 2017, 13:26 PM IST
'Easing crude prices good for India's inflation, GDP growth'
Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.
May 11, 2017, 13:40 PM IST
India's current account deficit widens to 1.4% of GDP in October-December quarter
The current account deficit (CAD) widened to USD7.9 billion or 1.4 percent of GDP in the October-December quarter on account of higher trade deficit.
Mar 23, 2017, 18:29 PM IST
Icra sees CAD rising to 1.2% next fiscal on rising crude, gold
Ratings agency Icra on Thursday said higher oil and gold imports will end the four-year trend of moderation in the current account deficit (CAD) in 2017-18, and the gap will widen to USD 30 billion or 1.2 percent of the GDP.
Mar 09, 2017, 18:34 PM IST
India's current account deficit narrows to 0.6% of GDP in Sept quarter
The current account deficit (CAD) narrowed by more than a percentage point to 0.6 percent of GDP at USD 3.4 billion in the July-September on account of lower trade deficit.
Dec 13, 2016, 19:13 PM IST
India's Q1 current account deficit narrows to 0.1% of GDP
India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.
Sep 21, 2016, 17:58 PM IST
Expect current a/c surplus of $4 billion in June quarter: Nomura
Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.
Sep 02, 2016, 17:12 PM IST
Gold smuggling: Government loses over $1 billion in revenue
Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
Aug 23, 2016, 14:14 PM IST
Ind-Ra lowers FY17 CAD estimate to 1.3-1.5%
India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.
Jun 17, 2016, 19:16 PM IST
CAD may narrow to 0.7% of GDP in FY16, says Nomura
India's current account deficit is likely to narrow to 0.7 percent of the GDP in fiscal 2016 from 1.3 percent in FY15 largely owing to low commodity prices, a Nomura report said Wednesday.
Mar 16, 2016, 13:22 PM IST
Exports: 17 out of 30 sectors decline in January
Exports of over half of the sectors, out of the 30 closely monitored by the Commerce Ministry, were in the negative zone in January due to a fall in global prices and demand.
Feb 22, 2016, 20:07 PM IST
CAD to narrow to 0.5% of GDP in 2016: Report
India's current account deficit may narrow to 0.5 percent of GDP in 2016 from 0.7 percent in 2015 owing to lower commodity prices, particularly oil, says a report.
Jan 20, 2016, 17:38 PM IST
BSE Sensex rebounds 260 points, Nifty recaptures 7,800-mark
The NSE Nifty retook the 7,800-level by recovering 79.85 points at 7,865.95.
Dec 23, 2015, 16:01 PM IST
No crisis on export front, no need for alarm, says Govt
Contraction in exports continued for the 12th month in a row in November which saw 24.43 percent decline in merchandise shipments to USD 20.01 billion amid a global demand slowdown.
Dec 22, 2015, 19:37 PM IST
India's current account deficit narrows to 1.6% of GDP in July-Sept
The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.
Dec 22, 2015, 18:39 PM IST
India’s Q2 balance of payments: All you should know
The contraction in CAD was primarily on account of lower trade deficit.
Dec 22, 2015, 18:28 PM IST
