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India's current account deficit News

30 Sep 2022

India's current account deficit widens by 2.8% of GDP in April-June: RBI

India's current account deficit widens to $23.9 billion by 2.8% in April-June period. The RBI on Thursday released the preliminary data on India`s balance of payments (BoP) for Q1. Services exports grew y-o-y by 35.4%, led by broad-based growth in computer, business, etc.

India's current account deficit

20 Aug 2018

India's CAD is expected to widen to 2.8% of GDP this fiscal: Report

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.

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

07 Sep 2017

Current account deficit may widen to 3% in Apr-Jun: Nomura

The report said despite the wider current account deficit, financing is not a concern.

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 gold imports

30 May 2017

Gold imports shrink 13.5% to $27.4 billion in FY17

India's gold imports declined by about 13.5 percent to USD 27.4 billion in 2016-17, which is expected to keep a lid on the current account deficit.

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.

10 Mar 2017

Govt mobilises 6.4 tonnes gold under monetisation scheme

The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed on Friday.

Current Account Deficit

17 Nov 2016

India's current account deficit to stay at $10.1 billion in FY17: Citigroup

India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.

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 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.

India's current account deficit

17 Jun 2016

Lower CAD a healthy sign, will meet macro data target: Lavasa

Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.

16 May 2016

CAD to widen to 1.6% of GDP in 2016-17 on demand push: Nomura

India's current account deficit is likely to widen to 1.6 percent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.

India's economic growth

07 Apr 2016

India less susceptible to external shocks, credit positive: Moody's

Low commodity prices and better FDI inflows have reduced India's vulnerability to external shocks which is "credit positive" for India, Moody's Investors Service said on Thursday.

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.

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.

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.

India's current account deficit

17 Nov 2015

India's current account deficit to be 1% of GDP in FY'16: Citi

India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.

14 Aug 2015

Gold imports jump 62.2% to $2.96 billion in July

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).

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