India's Current Account Deficit

India's current account deficit likely narrowed to 2.7% of GDP in Q4: Poll

The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of gross domestic product (GDP)

India's CAD likely to shoot up as net exports hit nine-year low

CAD in Q1 of 2013 was 4.9 per cent of GDP, while net exports stood at 5.93 per cent of GDP

Current account imbalance hits India harder than EM peers, shows data

India's current account deficit is projected at 3.5 per cent for 2022, says IMF World Economic Outlook report

TMS Ep272: India's external a/c, car purchase, markets, constitution bench

Is India's external account becoming vulnerable? Why is it not a good time to buy a car? What's in store for the markets in the second half of FY23? What is a constitution bench? All answers here

Is India's external account becoming vulnerable?

Rising global commodity prices have widened India's current account deficit to 2.8% of GDP in Q1. But RBI Governor says, forex reserves compared favourably with most peer economies. Here's more

Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps

Services exports, remittances show firm momentum in Q1

CAD may jump over 5% of GDP in Q2FY23, relief likely in the next fiscal

The current account deficit may have widened to 3.4% of the gross domestic product in the first quarter against a surplus of 0.9% a year ago

India's current account deficit to widen to 5% in Q2, 3.5% in FY23: Icra

India's current account deficit (CAD) will widen to 5 per cent of the GDP in the September quarter due to higher merchandise trade deficit, domestic ratings agency Icra said. The trade deficit has doubled to USD 28.7 billion for August due to a 36.8 per cent expansion in imports and a 1.2 per cent decline in export earnings. "The current account deficit (CAD) is projected to widen to an all-time high of USD 41-43 billion in Q2 FY23 from the USD 30 billion expected in Q1 FY23. It is expected to widen to 5 per cent of GDP in Q2 FY23, the second highest level since Q3FY12," it said in a note. For the first two months of the quarter, the monthly average trade deficit has trended higher at USD 29.3 billion as against USD 23.5 billion in the June quarter, driven by strong domestic demand which led to a surge in the imports while exports remained subdued amid international slowdown fears, Icra said. CAD will moderate to 2.7 per cent of GDP in the second half of the fiscal, benefitting fro

India's current account deficit likely to touch $105 bn this fiscal: Report

In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

India Q2Fy22 current account deficit at 1.3% of GDP, likely to widen

Central bank says the deficit is mainly due to widening of trade gap and an increase in net outgo of investment income.

India's current account deficit narrows to 0.2% of GDP in December qtr

In the current fiscal, the current account had been in surplus in the previous two quarters, at USD 15.1 billion and USD 19 billion, respectively, as per the data

India's growth rate to fall to 6%, will recover to 7.2% in 2022: World Bank

In 2018-19, it stood at 6.8%, down from 7.2% in the 2017-18 financial year

Govt mulls duty hike for car parts, hi-tech imports to bridge CAD

Ministry wants to avoid knee-jerk action, take time to think over levy increase

CAD more than doubles to $7.2 bn: RBI data

India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion