[ad_1] MUMBAI: India’s current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday.However, for the 2022-23 fiscal, the current account balance recorded a deficit of 2 … Read more
[ad_1] Last Updated: April 14, 2023, 05:58 IST The country’s imports also grew by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22. (Representative image) The total goods and services exports during the last fiscal grew by 13.84 percent to USD 770.18 billion The country registering an all-time … Read more
[ad_1] The current account deficit in Q3 2022-23 has lowered on the back of lower merchandise trade deficit. (Representative image) The current account deficit had stood at 3.7 per cent of GDP or $30.9 billion in the previous quarter, Q2. India’s current account deficit has narrowed to 2.2 per cent of GDP, or $18.2 billion … Read more
[ad_1] MUMBAI: Economists are lowering their forecasts for India’s current-account shortfall, thanks to favorable trade trends that are proving to be a blessing for the rupee — currently among the worst performers in emerging Asia.Barclays Plc expects the gap in current account — the broadest measure of trade in goods and services — to be … Read more