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Searched Tag: current account deficit
India's CAD declines to $23.2 billion, 0.7% of GDP in 2023-24

India’s CAD declines to $23.2 bn, 0.7% of GDP

June 25, 2024, 10:08 AM - 2 min read

India's current account deficit significantly declined to $23.2 billion (0.7% of GDP) in 2023-24 from $67 billion (2% of GDP) the previous year, driven by a lower merchandise trade deficit and increased net invisible receipts, with notable improvements in foreign exchange reserves, services exports, and portfolio investments, according to the RBI.

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India's current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD 16.8 billion a year back, the Reserve Bank of India (RBI) said on Tuesday.

RBI reports India's current account deficit drops to $10.5 billion in October-December

March 26, 2024, 06:23 PM - 2 min read

The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23. Services exports grew by 5.2 per cent on a year-on-year basis on the back of rising exports of software, business and travel

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