India’s present account steadiness recorded a surplus within the fourth quarter (This fall) of FY24 after a spot of ten quarters at the same time as the present account deficit (CAD) for the complete monetary yr more-than-halved to a seven-year low. The nation’s present account steadiness recorded a surplus of $5.7 billion (0.6 per cent … Read more
India’s present account deficit (CAD) narrowed within the third quarter (Q3FY24) with an increase in providers exports and secondary earnings offsetting the marginally increased merchandise commerce hole. CAD narrowed to $10.5 billion (1.2 per cent of GDP) in Q3 (October-December) FY24, decrease than $11.4 billion (1.3 per cent of GDP) within the previous quarter. It … Read more
India’s present account deficit (CAD) narrowed sharply to 1 per cent of GDP within the second quarter (Q2) of FY24 towards 3.8 per cent within the year-ago quarter resulting from decrease merchandise commerce deficit. Wholesome receipts from companies exports, respectable development in personal switch receipts (primarily remittances) and strong inflows in non-resident deposits additionally helped … Read more