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India's CAD News

27 Jun 2023

India Jan-March Current Account Deficit Narrows As Trade Gap Shrinks, Says RBI

India's balance of payments (INBOP=ECI) stood at a surplus of $5.6 billion compared to a surplus of $11.1 billion in the preceding quarter and a deficit of $16 billion in the same quarter a year earlier. Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $28.6 billion, up 20.8% from a year ago.

27 Nov 2022

India's Gold import tanks 17 % in Apr-Oct due to fall in demand: Ministry

Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent. Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22. The imports during October this year also contracted by 27.47 per cent to USD 3.7 billion.

13 Dec 2017

India's July-September current account deficit more than doubles to $7.2 billion

However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.

India's current account deficit

15 Sep 2017

India's current account deficit at 4-year high, widens sharply to 2.4% in April-June quarter

The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit which stood at USD 41.2 billion, brought about by a larger increase in merchandise imports relative to exports.

India's current account deficit

18 Jul 2017

India's current account deficit to widen to 1.3% of GDP in 2017: Nomura

India's current account deficit (CAD) is likely to widen to 1.3 percent of GDP in 2017 from 0.6 percent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report.

India's economy

11 May 2017

'Easing crude prices good for India's inflation, GDP growth'

Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.

India's current account deficit

23 Mar 2017

India's current account deficit widens to 1.4% of GDP in October-December quarter

The current account deficit (CAD) widened to USD7.9 billion or 1.4 percent of GDP in the October-December quarter on account of higher trade deficit.

09 Mar 2017

Icra sees CAD rising to 1.2% next fiscal on rising crude, gold

Ratings agency Icra on Thursday said higher oil and gold imports will end the four-year trend of moderation in the current account deficit (CAD) in 2017-18, and the gap will widen to USD 30 billion or 1.2 percent of the GDP.

13 Dec 2016

India's current account deficit narrows to 0.6% of GDP in Sept quarter

The current account deficit (CAD) narrowed by more than a percentage point to 0.6 percent of GDP at USD 3.4 billion in the July-September on account of lower trade deficit.

India's current account deficit

21 Sep 2016

India's Q1 current account deficit narrows to 0.1% of GDP

India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.

India's current account surplus

02 Sep 2016

Expect current a/c surplus of $4 billion in June quarter: Nomura

Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.

Indian gold refiners

23 Aug 2016

Gold smuggling: Government loses over $1 billion in revenue

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.

India's current account deficit

17 Jun 2016

Ind-Ra lowers FY17 CAD estimate to 1.3-1.5%

India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.

16 Mar 2016

CAD may narrow to 0.7% of GDP in FY16, says Nomura

India's current account deficit is likely to narrow to 0.7 percent of the GDP in fiscal 2016 from 1.3 percent in FY15 largely owing to low commodity prices, a Nomura report said Wednesday.

India's Exports

22 Feb 2016

Exports: 17 out of 30 sectors decline in January

Exports of over half of the sectors, out of the 30 closely monitored by the Commerce Ministry, were in the negative zone in January due to a fall in global prices and demand.

20 Jan 2016

CAD to narrow to 0.5% of GDP in 2016: Report

India's current account deficit may narrow to 0.5 percent of GDP in 2016 from 0.7 percent in 2015 owing to lower commodity prices, particularly oil, says a report.

23 Dec 2015

BSE Sensex rebounds 260 points, Nifty recaptures 7,800-mark

The NSE Nifty retook the 7,800-level by recovering 79.85 points at 7,865.95.

India's Exports

22 Dec 2015

No crisis on export front, no need for alarm, says Govt

Contraction in exports continued for the 12th month in a row in November which saw 24.43 percent decline in merchandise shipments to USD 20.01 billion amid a global demand slowdown.

22 Dec 2015

India's current account deficit narrows to 1.6% of GDP in July-Sept

The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.

India's current account deficit

22 Dec 2015

India’s Q2 balance of payments: All you should know

The contraction in CAD was primarily on account of lower trade deficit.

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