India's Q1 current account deficit at 1.1% of GDP
CAD narrows on a yearly basis but widens sequentially.
current account deficit
September 2023
June 2023
May 2023
April 2023
January 2023
December 2022
Sensex, Nifty hit new record high; m-cap of BSE-listed firms soar to ₹296 lakh cr
The market capitalisation of BSE-listed firms hit an all-time high of ₹296.04 lakh crore, breaching its previous high of ₹294.36 touched on June 21.
India’s Q4 current account deficit narrows sharply to $1.3 bn
The sequential decline in CAD mainly on moderation in the trade deficit to $52.6 bn from $71.3 bn in the previous quarter, coupled with robust services exports
Fitch affirms 'BBB-' rating to India with 'stable' outlook
India will be one of the fastest-growing Fitch-rated sovereigns globally at 6% in FY24, supported by resilient investment prospects, says the American ratings agency
Gold imports dip 24% to $35 bn in FY23
Experts have cited high import duty for the dip in imports of yellow metal; WGC sees a healthy upside for investment in 2023
India's merchandise exports rise to $447 bn in FY23
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
Economic Survey 2023: India's CAD within manageable limits
The CAD stands for the measurement of any country’s trade when the value of the goods and services imported exceeds the value of goods and services exported.
Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP
The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.
India’s CAD widens to record 4.4% of GDP in Q2 FY23
RBI says $30.4 bn worth of foreign exchange reserves were depleted in Q2 vs an accretion of $31.2 bn a year before. FDI inflows at $20 bn in H1 marginally declined from $20.3 billion a year before.
Current account deficit at 37-quarter high of 4.4% of GDP in Q2: Report
Global headwinds facing merchandise exports can be gauged from the fact that goods exports tumbled in October 2022, first time after February 2021, Ind-Ra says.
