The trade deficit decreased to USD 52.6 billion from USD 71.3 billion in the previous quarter, which was primarily responsible for the sequential decline in CAD in the fourth quarter of the previous fiscal year. Additionally, robust service exports contributed to the decrease in CAD.
Current account deficit (CAD) increased to $14.3 billion, or 2.4 % of GDP in Q1 of the current fiscal from $0.4 billion a year ago.
Mumbai: India's current account deficit (CAD) narrowed sharply to USD 0.3 billion (Rs 20 lakh crores), or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per
Mumbai: The current account deficit (CAD) narrowed to 1.6 per cent of GDP at USD 8.2 billion in the second quarter ended September, mainly due to lower trade deficit.The July-September CAD is lower than USD
New Delhi: Finance Minister Arun Jaitley today pegged fiscal deficit for 2015-16 at 3.9 per cent of GDP and proposed to lower it to 3 per cent by 2017-18, a year later than planned earlier.Unveiling
New Delhi: The Current Account Deficit (CAD) is expected to fall below 1 per cent in the next fiscal on the back of easing of global commodity prices including petroleum products, the Economic Survey 2014-15
Kolkata: In a unique concept marrying art and science, Kolkata will, in this Puja, host a digitally sculpted goddess Durga and her family, courtesy the application of 3D printing technology on paper.As 3D printing diversifies
New Delhi: India's current account deficit (CAD) will be contained at less than USD 40 billion this financial year, well below the record level in 2012-13, Finance Minister P. Chidambaram said today.“On the CAD, the
Mumbai: Pick-up in exports and decline in gold imports are likely to keep the country's Current Account Deficit lower during the rest of the fiscal as compared to the same period last year, a report
New Delhi: Finance Minister P Chidambaram today exuded confidence that India's current account deficit(CAD) will be contained below USD 60 billion this financial year as against an earlier estimate of USD 70 billion.“We think we
Bangalore: Asserting that the government has the capacity to overcome “this period of stress”, Union Finance Minister Chidambaram today said the current account deficit will be contained below USD 70 billion this fiscal.“Last year I
Mumbai: India's Current Account Deficit is likely to narrow during 9 months (July-March) of the current fiscal to touch a low of 1.5 per cent of GDP because of lower gold imports, higher overall exports
Srinagar: As the fiscal deficit numbers reached three-fourths of the budget estimate in the first five months of the fiscal, Finance Minister P Chidambaram has said the government is planning to trim non-plan expenditure to
Mumbai: The benchmark S&P BSE Sensex today tumbled 347.5 points to a new three-week low amid jittery global markets and expectations of weak June quarter current account deficit data.Heavyweights ITC, ICICI Bank and Reliance Industries
New York: Asserting that the fundamentals of the Indian economy are strong, Prime Minister Manmohan Singh has said GDP will improve in the second half of fiscal 2013—14 and that the government is commitment to
New Delhi: Faced with a high current account deficit and declining forex reserves, Finance Minister P Chidambaram in his forthcoming US visit will meet FIIs in San Fransisco to woo investments. The Minister will be in
New Delhi: India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the Indian rupee to the US dollar
Mumbai, Jun 27: The BSE benchmark Sensex today rose by a massive 323.83 points to close at nearly one-week high led by gains in energy sector bluechips ONGC and RIL stocks, as funds resumed buying
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