Page 6 - Current Account Deficit

India needs manageable current account deficit, not a surplus: Chidambaram

Former FM says is puzzled by tone of CEA Krishnamurthy Subramanian's remarks, wonders if he celebrating a current account surplus

Gold imports decline 47.42% to $9.28 bn during Apr-Oct as demand falls

India's gold imports, which have a bearing on the current account deficit, plunged 81.22% to $2.47 billion during April-July period of 2020-21 due to a notable fall in demand in the wake of Covid-19

Japan's current account surplus shrinks to 5-year low amid Covid-19

The current account surplus was 167.5 billion yen ($1.58 billion), the smallest monthly surplus since January 2015

India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays

The country has been perennially struggling with huge current account deficits.

Will more foreign financing be needed?

It is important to remove the frictions, to connect the infinite capital of the global financial system with end-users in India

India's current account deficit narrows to $1.4 bn in December quarter

The CAD is a critical indicator of the macroeconomic health and represents the gap between the overall foreign exchange expended and received in the economy.

Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI

Foreign portfolio investment recorded net inflow of $2.5 billion, against an outflow of $1.6 billion in the year-ago quarter, due to higher flow in the debt market.

CAD narrows to 0.9% of GDP in July-Sept on lower trade deficit: RBI

In the first quarter, the deficit stood at 2 per cent of GDP or $14.2 billion

India's current account deficit narrows to 2% of GDP in June quarter

Private transfer receipts, mainly representing remittances, rose 6.2 per cent to $19.9 billion

Despite soaring gold import, lower crude narrows CAD to 2% in Q1

In the year-ago period, CAD had printed at 2.3 percent of GDP or USD 15.8 billion

Current account maybe impacted if oil crisis continues: Shaktikanta Das

Drone attack damaged the world's biggest crude oil processing plant in Saudi Arabia and led to a 19 per cent surge in oil prices.

Exports contract 6% in August, trade deficit narrows to $13.45 billion

The current account deficit is likely to decline substantially to $10-11 billion in the second quarter

Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia

Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further

India's current account deficit narrows sharply to 0.7% of GDP in Q4

In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19

CAD increases to 2.1% of GDP in FY19; but more than halves in Q4

Overall trade performance was the prime influencer for both the contraction in CAD for the March quarter as well as a widening for the full year

CAD widens to 2.5% of GDP in Q3 on account of a higher trade deficit

In absolute terms, the CAD was $16.9 billion in the October-December 2018 period, up from $13.7 billion in the year-ago period

Govt pegs FY19 current account deficit at 2% of GDP on slide in oil prices

Rating agencies and research firms have so far said the FY19 CAD would be much higher than 2017-18, which was 1.9 per cent of GDP

July-Sept current account deficit at 4-year high on rising oil prices: RBI

India's trade deficit in July-September widened to $50 billion from $32.5 billion a year ago

How to import-save efficiently

It is feasible for India to correct its chronic current account deficit without compromising on efficiency. It desperately needs to be competitive, at the policy and firm level

CAD may narrow to 2.6% of GDP in FY19 on falling oil prices, says report

The report earlier stated that CAD may touch 2.8% of GDP in the current financial year