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Current Account Deficit News

India’s Foreign Exchange

07 Jun 2024

India's Forex Reserves At Historic High Of $651.5 Bn, CAD To Dip: RBI

India, with an expected 15.2 per cent share in world remittances in 2024, continues to be the largest recipient of remittances globally.

26 Mar 2024

India's CAD Dips To $10.5 Billion In October-December: RBI

The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.

29 Dec 2022

India's current account deficit reaches 9-year high: RBI report

India's CAD widens in July-September: RBI report. The reason attributes to high commodity prices and weak rupee. It reaches 9-year high.

18 Apr 2021

Gold imports rise by 22.58% to $34.6 bn in 2020-21

Silver imports during the last fiscal, however, dipped by 71 percent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20. The demand for gold would further increase on account of the forthcoming auspicious Akshaya Tritiya and marriage season which could increase the CAD.

19 Oct 2018

Gold imports up 4% to $17.63 billion in Apr-Sep 2018-19

Imports of the precious metal stood at USD 16.96 billion in April-September 2017-18 financial year, according to the commerce ministry data.

import duty hike

12 Oct 2018

Govt hikes import duty on select communication items to up to 20%

The increased duties would be effective from October 12, the Central Board of Excise and Customs (CBIC) said.

18 Sep 2018

Govt may take policy steps to curb gold imports; unlikely to raise duties

The effort is a part of the exercise by the government to check fall in rupee value and control current account deficit (CAD).

Rupee depreciation

18 Sep 2018

Global factors to be blamed for rupee depreciation: Jaitley

It had closed at a one-week high of 71.84 on Friday.

13 Sep 2018

Blame for fuel price shock definitely lies with NDA government. Here's why

When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.

19 Aug 2018

UPA was 'reckless', gave up economic strength of Vajpayee years: Arun Jaitley

Jaitley argued that the UPA government had little to nothing to do with why India saw economic growth during its tenure.

Current Account Deficit

22 Mar 2018

CAD may treble to $10-12bn in Q4 on higher trade deficit: Report

The CAD had increased to $13.5 billion, or 2 percent of the gross domestic product in the third quarter as well.

Current Account Deficit

19 Mar 2018

India's current account deficit likely at 1.7% in FY18: Report

According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter.

Current Account Deficit

16 Mar 2018

India Q3 current account deficit widens to $13.5 bn

Current Account Deficit rose at 2.0% of GDP in Q3 FY 2018.

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.

01 Oct 2017

Govt should relax fiscal deficit targets, boost expenditure: Assocham

In a statement, the chamber said India Inc is looking up to the government to take the 'out of ordinary' measures, citing "concerns over slowdown in growth due to the transient disruptions in the economy following GST implementation and the remaining over-hang of demonetisation".

28 Sep 2017

Yashwant Sinha, the Economy of India and the Bharatiya Janata Party

And this is not the first time someone is pointing to the imminent crisis — an economic slowdown is not Lord Voldermort’s name that can’t be uttered. It needs to be identified and dealt with.

Current Account Deficit

18 Sep 2017

'CAD likely at 1.5% of GDP in 2017; funding not a constraint'

Nomura expects current account deficit likely at 1.5 per cent of GDP in 2017 but noted that funding will not be a constraint.

Current Account Deficit

15 Jun 2017

Current account deficit narrows in 2016-17: RBI

India`s current account deficit (CAD) narrowed during last fiscal due to a contraction in the country`s trade deficit.

10 Mar 2017

India's current account deficit to touch $30 billion in 2018

India`s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said.

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.

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