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Current Account Deficit News
Current Account Deficit
Gold imports dip 8.86 pc to USD 27 bn during Apr-Feb 2020
Mon, Mar 16, 2020
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 per cent to USD 27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
Gold imports dip 6.77 pc during April-Dec 2019
Mon, Jan 27, 2020
Gold imports, which have a bearing on the current account deficit (CAD), fell 6.77 per cent to USD 23 billion during the April-December period of the current financial year, according data from the commerce ministry
Rising crude may stretch CAD to 2.5 pct of GDP in FY19: SBI report
Mon, May 21, 2018
Rising crude oil prices may worsen the current account deficit (CAD) to 2.5 per cent of the GDP in the current financial year, says a SBI report. The CAD - difference between inflow and outflow of foreign exchange - is estimated at 1.9 per cent for 2017-18.
Petroleum, crude oil drives India's imports; CAD may deteriorate to $14 bn in Q4FY18: ICRA
Sat, Apr 14, 2018
Gap between exports and imports which widened by 28.5% in the last quarter of FY18 and took the trade deficit near $87.2 billion during the fiscal.
What is in store for Indian economy? Take a sneak peek here
Thu, Mar 22, 2018
With this, the agency expects the current account deficit to rise to USD 46-48 billion, or 1.8 per cent of GDP, in financial year 2017-18, from USD 15.2 billion, or 0.7 per cent of GDP in financial year 2016-17. According to Icra, the merchandise exports and imports are likely to expand by 8-10 per cent in FY19 to USD 335-340 billion and USD 505-510 billion, respectively, resulting in a widening of the merchandise trade deficit to USD 170-175 billion, unless commodity prices recede significantly.
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.
RBI says current account deficit (CAD) in India widens to $13.5 bn in Q3
Fri, Mar 16, 2018
Current account deficit: According to the RBI, net services receipts increased by 17.8 per cent on a y-o-y basis mainly on the back of a rise in net earnings from software services and travel receipts. "Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to $17.6 billion, increasing by 16 per cent from their level a year ago," the RBI said.
India's international service export stands at $15.39 billion in November
Mon, Jan 15, 2018
Monthly data on services are provisional and would undergo revision when the BoP data are released on a quarterly basis, RBI said.
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.
CAD to remain manageable at 1.2% of GDP in FY18: UBS
Tue, Aug 15, 2017
The bulk of the narrowing in CAD over the past five years has been largely led by lower oil imports and drop in gold imports, UBS report said.
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.
How long will the Indian Rupee appreciate for?
Tue, Mar 28, 2017
As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.
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.
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.