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current account deficit

CURRENT ACCOUNT DEFICIT NEWS

Q4 current account deficit at $8.1 billion on lower receipts

July 01, 2021 12:19 am

Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $20.9 billion, up by 1.7 per cent from their level a year ago.

India likely to have current account surplus this fiscal: CEA Subramanian

November 23, 2020 3:41 pm

Noting that COVID crisis is a crisis to demand and primarily a negative shock to demand, Subramanian said, India's response was suitably crafted to deal with that.

CAD narrows sharply to $1.4 billion in December quarter

March 13, 2020 1:17 am

Foreign portfolio investment recorded net inflow of $7.8 billion, as against an outflow of $2.1 billion in Q3 of 2018-19 on account of net purchases in both the debt and equity market.

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

June 29, 2019 5:19 am

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

September 27, 2018 3:22 am

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

September 07, 2018 6:52 pm

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

August 15, 2018 2:53 am

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

June 13, 2018 10:24 pm

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

December 16, 2014 2:15 am

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

May 24, 2014 12:38 am

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.

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