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Searched Tag: current account deficit

India's CAD widens to USD 9.7B, 1.1% of GDP in Q1 FY25: RBI

September 30, 2024, 05:33 PM - 2 min read

The country's current account deficit widened marginally to USD 9.7 billion or 1.1 per cent of GDP in April-June 2024, as against USD 8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday.

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.

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