Current Account Deficit

Saturday, Apr 20, 2024 | Last Update : 02:57 AM IST

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Photo: Representational)

Gold imports dip 9 per cent during Apr-Oct

Dip in gold imports has helped in narrowing the country's trade deficit to USD 94.72 billion during Apr-Oct 2019-20.

24 Nov 2019 4:32 PM

Current account deficit forecast pegged at 2.3 per cent of GDP for 2019-20.

India's GDP to grow at 6 per cent in Apr-Jun: survey

The country's economy grew at 8.2 per cent in April-June 2018-19.

26 Aug 2019 3:46 PM

Increase in gold imports pushed the country's trade deficit marginally to USD 45.96 billion during April-June quarter of 2019-20 as against USD 44.94 billion in the same quarter previous fiscal.

Gold imports up 35.5 per cent during Apr-Jun

Gold imports increased by 35.5 pc to USD 11.45 billion (about Rs 80,000 crore) during April-June quarter of current fiscal.

12 Aug 2019 8:29 PM

The CAD, which is the net of foreign exchange inflows and outflows, had stood at USD 48.7 billion in 2017-18.

Economic Survey: Govt may further ease FDI norms to bridge current account deficit

The deficit increased to USD 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19.

04 Jul 2019 3:02 PM

The CAD, which is the net of foreign exchange inflows and outflows, had stood at USD 48.7 billion in FY18.

Current account deficit inches up to 2.1 pc but more than halves in Q4

Overall trade performance was prime influencer for both contraction in CAD for March quarter as well as a widening for the full year.

28 Jun 2019 6:57 PM

South Korea's trade surplus plunged to $5.67 billion from $9.62 billion a year earlier with the US and China at loggerheads over commerce. Beijing is Seoul's largest trading partner, absorbing a quarter of its exports. (Photo: File)

South Korea records first current account deficit in 7 years

The world's 11th largest economy posted a current account deficit of $660 million in April, figures from the central Bank of Korea showed.

05 Jun 2019 2:49 PM

Prime Minister Narendra Modi. (Photo: PTI)

New govt faces challenges of arresting slowdown, creating jobs: Economists

Economic growth slipped to a five-quarter low of 6.6 per cent in October-December 2018.

24 May 2019 2:19 PM

The imports dipped about 3 per cent in value terms to USD 32.8 billion during 2018-19.

Gold imports rise 54 per cent to USD 3.97 billion in April

After recording a negative growth in imports in February, gold imports started registering double-digit growth.

20 May 2019 3:12 PM

cra said a USD 10 a barrel increase in oil prices will lead to a 0.10 per cent increase in the headline inflation. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 Apr 2019 2:15 PM

RBI to remain watchful on growth, financial stability: Shaktikanta Das

India’s current account deficit is expected to be around 2.5 per cent of GDP in 2018-19.

13 Apr 2019 11:42 AM

The CAD increased to 2.6 per cent of GDP during the April-December 2018 period, from 1.8 per cent in April-December 2017 on the back of widening of the trade deficit.

Current account deficit widens to 2.5 pc of GDP in Q3

The deficit, had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter (July-September).

29 Mar 2019 7:10 PM

If the Indian rupee crosses the 74.50 level, then it is very likely that the domestic unit will depreciate further towards the 78 level in 2019.

Rupee likely to depreciate further to 78 per dollar in 2019: report

The CAD for H1 FY18-19 was at USD (-) 34.94 billion, against USD (-) 48.72 billion for the complete FY2017-18.

06 Feb 2019 4:24 PM

Country's exports to China and US are doing well and that the trade issues between the two countries also to some extent contributed to India's cause.

India's exports to surpass USD 314 billion peak this year

Petroleum products, gems and jewellery, leather products and even textiles would be among sectors that contribute to the growth in exports.

04 Feb 2019 4:38 PM

India's trade deficit narrowed more-than-expected to USD 12.96 billion in June, 2017.

Gems & jewellery sector seeks cut in gold import duty to 4 pc

Finance minister Arun Jaitley said the 10 per cent import duty on gold was levied to curb current account deficit (CAD).

29 Jan 2019 3:04 PM

Finance Minister Arun Jaitley. (Photo: ANI)

Govt not seeking RBI reserves to meet fiscal deficit: Jaitley

The RBI was maintaining a reserve of 28 per cent.

31 Dec 2018 5:57 PM

The current account deficit is range-bound at around 2.5 per cent of GDP. (Representational Image)

Market cap, GDP to reach USD 6 trillion in 10 years: Morgan Stanley

India's GDP is up 10-fold and equity market cap is up 22 times in the last 25 years.

01 Nov 2018 10:42 AM

Increase in gold imports pushed the country's trade deficit to USD 94.32 billion in April-September 2018-19.

Gold imports up 4 pc to USD 17.63 billion in Apr-Sep 2018-19

In volume terms, the country imports 800-900 tonnes of gold annually.

19 Oct 2018 11:33 AM

India's current account deficit widened in the four quarters through June 2018 to 1.9 per cent of the GDP.

US says it could remove India from currency monitoring list

Foreign currency reserves stood at USD 380 billion, equal to 3.7 times gross short-term external debt.

18 Oct 2018 9:09 AM

CAD widened to 2.4 per cent of the GDP in the first quarter of 2018-19.

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 8:58 AM

Sensex in the early trade crashed over 1,000 points, the rupee fell to a record low of 74.45 to a dollar.

Market, rupee slump due to external factors; govt to take action: official

The government will take action at an appropriate time to check widening CAD

11 Oct 2018 3:18 PM

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Shobhaa De

current account deficit