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.
"India's CAD at $13.5 billion (2 per cent of GDP) in Q3 of 2017-18 increased from $8 billion (1.4 per cent of GDP) in Q3 of 2016-17 and $7.2 billion (1.1 per cent of GDP) in the preceding quarter," the RBI said.
Pune: Plunging global oil prices provides India with unique opportunity to strengthen its balance sheet, H.R. Khan, Deputy Governor of the Reserve Bank of India said in a speech to management students on Monday. Nearly two-thirds
New Delhi: The government exuded confidence that Current Account Deficit remains broadly under control despite an increase during the last quarter, even as opposition Congress countered this saying it is not a very happy situation
New Delhi: India's current account deficit is likely to narrow to 2.3 per cent of gross domestic product this fiscal as the new government is expected to focus on exports and reduce dependency on imports,
New Delhi: Gold imports declined over 74% to $1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.Imports of gold in
Hyderabad: India's Current Account Deficit (CAD) is likely to be around 2 per cent of GDP in the coming few years due to slackening of gold imports, among other factors, Prime Minister's Economic Advisory Council
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
Mumbai: Seeking to reassure investors, RBI Governor Raghuram Rajan Wednesday said there is no fundamental reason for rupee to fall again, and pegged the current account deficit for 2013-14 at USD 56 billion, much lower
New Delhi: Finance Minister P. Chidambaram today said India's current account deficit (CAD) would come down and be around $60 billion owing to rising exports and import controls initiated by the government."The current account deficit
New Delhi: Current Account Deficit is likely to be lower than the projection of 3.8 percent of the GDP and India will be in a better position to neutralise the impact of the tapering of
New Delhi, Aug 6: With the Reserve Bank of India's (RBI) measures failing to stem the rupee's slide, the government is likely to announce steps to curb a ballooning Current Account Deficit (CAD). The Finance
Mumbai, July 23: The current account deficit (CAD) of the country is "peaking" but is likely to hover around 4 per cent level until 2015, says a Bank of America Merrill Lynch report."India's current account
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