current account deficit

current account deficit News

India's CAD falls to 0.7% in Q4 of 2018-19

Current account deficit was 1.8% ($13 bn) of GDP in fourth quarter of 2017-18

To contain widening current account deficit: Govt raises import tariffs on 19 items

Washing machines, refrigerators, radial tyres, and ATF are some of products to see customs duty hikes.


Current Account Deficit eases marginally to 2.4 per cent of GDP in Q1 of the current fiscal year: RBI

In value terms, the CAD was higher at USD 15.8 billion in April-June this year as against USD 15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.

Exports at $25.77 billion: Trade deficit hits 62-month high in July

Growing trade imbalance would worsen current account deficit (CAD). Already, the rupee’s depreciation has raised fears of costlier imports while the country’s ability to take advantage of a weak currency to improve exports remains limited.

Current account deficit for 2017-18 widens as trade deficit rises

In terms of inflows, gross FDI (Foreign Direct Investment) into India increased to $61 billion in 2017-18 from $60.2 billion in 2016-17. However, net FDI inflows in 2017-18 fell to $30.3 billion from $35.6 billion in 2016-17.

Gold imports up 6-fold, trade deficit hits 18-month high

Exports grew by 7.27 per cent to $25.96 billion after shrinking by a little over 5 per cent in October.


Commerce ministry sends suggestions for Prez speech

Outgoing finance minister P Chidambaram had earlier said that current account deficit (CAD) was brought down significantly to $32 billion in 2013-14 against $88 billion during 2012-13 and fiscal deficit contained within the target during last fiscal.

Moily walks the talk: takes Metro to office to save fuel

Moily is hoping measures such as Bus Day will help taper demand and cut the oil import bill.

CAD narrows to $4.2 bn in Q3 on lower trade deficit

CAD was at $4.2 bn, which is 0.9% of GDP, in Q3FY14, significantly lower from $31.9 bn (6.5% of GDP) in the same period in FY13.

Gold import ban reins in India’s CAD, neighbours pay the price

Concerned over the rising CAD, largely due to gold imports, India raised import duty on gold to 10 per cent from Rs 300 per gram in 2012.