current account deficit
Gold imports jump over 2-fold to $13.35 billion in April-July
Gold imports, which has bearing on CAD, stood at USD 4.97 billion in April-July 2016-17.
Govt hikes gold bond investment limit to 4 kg per fiscal
Target mobilisation under the scheme was Rs 15,000 crore in 2015-16 and Rs 10,000 crore in 2016-17.
CAD to widen to 1.3 per cent of GDP in 2017: Nomura
Current account deficit soared to USD 3.4 billion of GDP in 4th quarter of 2016-17 from USD 0.3 billion.
CAD expected to be around 1.4 pc of GDP in 2017: Nomura
For the full fiscal 2017, CAD narrowed to 0.7 per cent of GDP compared to 1.1 per cent in the previous fiscal.
CAD to widen significantly to 1.6 pc of GDP in 2017
Overall, the trade data suggest that stronger global demand and higher export prices are driving the exports recovery.