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CAD widens to 2.5 pc of GDP in Q3
Fri, Mar 29, 2019
In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period, up from USD 13.7 billion in the year-ago period.
Income Tax changes to subsidy: What will determine inflation when crude surge upsets economy? RBI says this
Sun, Jan 06, 2019
Besides CAD, rise in crude prices can also impact inflation and fiscal deficit, says the report.
India's current account deficit in Q2 hits four-year high on oil price rise
Fri, Dec 07, 2018
The current account deficit in July-September hit 2.9 percent of gross domestic product or $19.1 billion, the highest since April-June quarter of 2013. In July-September 2017 the current account deficit was $6.9 billion or 1.1 percent of GDP, Reserve Bank of India data showed.
Big relief for Modi govt from oil prices now!
Fri, Nov 23, 2018
"The recent decline in oil prices might compress the CAD by around $5 bn-$6 bn from our estimates of $78 bn in current fiscal. This will imply CAD settling down at 2.6 per cent of GDP (previously 2.8 per cent). Additionally, if crude averages $65 and rupee stays at 70, then petrol and diesel prices could fall further on average by Rs 4 or more," the report said.
CAD may narrow to 2.6% of GDP in FY19 on falling crude: Report
Fri, Nov 23, 2018
Following decline in oil prices, the country's current account deficit (CAD) is expected to touch 2.6 per cent of GDP in the current fiscal against an earlier expectation of 2.8 per cent, a report said.
These companies will benefit from govt's new import duty hike; Find out
Fri, Sep 28, 2018
While government took this harsh decision on the back to control widening CAD and rupee depreciation, its fallout will be positive for some companies.
Govt unveils steps to check CAD, Prime Minister Narendra Modi reviews health of economy
Sat, Sep 15, 2018
Briefing media after the meeting, Finance Minister Arun Jaitley said the government has decided on "five steps" to contain CAD, which widened to 2.4 per cent of the GDP in the first quarter of 2018-19. He said several issues were discussed during the meeting and decision on those are likely in the next few days.
On Indian economy, UBS flags external vulnerability, says indicators 'stretched'
Tue, Mar 20, 2018
According to UBS, India's CAD doubled from 0.7 per cent of GDP in 2016-17 to 1.4 per cent in 2017-18 and the widening of CAD is likely to continue in the next financial year as well "albeit at a slower pace". UBS expects CAD at 1.8 per cent in 2018-19.
India's current account deficit more than doubles in Q2 FY18
Wed, Dec 13, 2017
RBI said that India's CAD rose to $7.2 billion (1.2%) in the second quarter of 2017-18 as against $3.4 billion, or 0.6% of the GDP in thte same quarter of last year. The data further revealed that CAD narrowed sharply from $15 billion in the first quarter of the current fiscal year (2.5% of the GDP).
India needs Rs 50 lakh crore for infrastructure projects over five years, says FM Jaitley
Thu, Nov 30, 2017
Higher number of infrastructure projects pave the way into the future as the government looks to award national highway projects every year.
India's first quarter current account deficit rises sharply to $14.3 billion
Fri, Sep 15, 2017
India`s current account deficit (CAD) rose sharply to $14.3 billion in the first quarter (April-June) of 2017-18 from $0.4 billion reported for the like period of 2016-17, the Reserve Bank of India (RBI) said on Friday.
India's current account deficit at $ 3.4 billion in Q4FY17
Thu, Jun 15, 2017
RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year.
Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry
Tue, May 16, 2017
HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.
India's foreign direct investment inflow momentum may slow in 2017: HSBC
Sun, May 07, 2017
HSBC in its latest report has said that India's foreign direct investment (FDI) inflow momentum may slow down this year and exports too may not revive with "full gusto" as domestic bottlenecks remain.
India's current account deficit widens in October-December: RBI
Thu, Mar 23, 2017
India`s current account deficit widened to $7.9 billion, or 1.4 % of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.
India's current account deficit to rise 50% in FY18, pegged at $30 billion
Thu, Mar 09, 2017
Higher oil and gold imports coupled with subdued remittances and exports is likely to strain India's current account and the deficit is projected to reach $30 billion (nearly Rs 2 lakh crore) in financial year 2018, ICRA said.
India's current account deficit likely to be 1.3% of GDP in 2017: Nomura
Mon, Jan 16, 2017
India's current account deficit (CAD) is expected to be around 1.3% of GDP in 2017 as against a deficit of 0.8% in 2016, says a report.
Demonetisation may pull down India's near-term economic growth
Fri, Jan 06, 2017
With India's GDP growth expected to slow down to 7.1% during 2016-17 from 7.6% in the previous fiscal, India Inc on Friday said further downward risks to growth prevail as demonetisation may pull down economic growth in the next one or two quarters.
India seen as bright spot with growth projected to be highest in world: PM Modi
Sat, Dec 24, 2016
Prime Minister Narendra Modi during his visit to Maharashtra state on Saturday said that India is being seen as a bright spot with growth projected to be highest in the world, PTI reported.
10 key things S&P said about Indian economy
Wed, Nov 02, 2016
S&P Global Ratings on Wednesday has retained India's ratings at 'BBB-' with a stable outlook and ruled out any upgrade in two years citing weak pubic finances.