Current Account Deficit
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Despite US Tariffs, India's Services Trade Surplus Set To Hit Record $207 Billion: Report
While merchandise exports are projected to remain under pressure due to US tariffs, India's services trade surplus is expected to hit a record $205-207 billion in FY26, a report showed on Wednesday.
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India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
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Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
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Can't Solve Oil Price Rise With Tweets: Arun Jaitley's Dig At Opposition
Finance Minister Arun Jaitley has taken a swipe at the opposition over its math on runaway fuel price rise. In a post on Facebook, Mr Jaitley linked the weakening rupee and widening current account deficit or CAD to high international price of crude oil. "The challenges thrown up by the increase in the international price of crude oil cannot be res...
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"It's Not Breaking, It's Broken": Rahul Gandhi's Jibe At PM On Rupee Dive
The rupee is "not breaking, it's broken," Congress president Rahul Gandhi quipped today in his tweet jibe at the government after the currency's sharp dive to 73.77 to a dollar, a new record. The rupee collapsed as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
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Centre's Steps To Boost Economy Are "Half-Baked, Half-Hearted": Congress
The Congress on Sunday dubbed as "half-baked and half-hearted" the steps announced by the BJP government to boost the economy and said they reflected the "bankruptcy" in its economic vision and they will have an adverse impact.
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Measures To Stop Depreciation Of Rupee ''Half-Hearted'': P Chidambaram
Senior Congress leader P Chidambaram on Saturday said the Narendra Modi government's five measures to stop further depreciation of the rupee and widening of the current account deficit (CAD) were "half-hearted and too late".
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PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting
The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.
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Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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First Time In 20 Years, China's Imports Exceed Its Exports
Amid the trade war with the US, China has reported a current account deficit of $28.3 billion in the first half of this year, which is the first in 20 years for the world's second largest economy.
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Indian Economy Coming Out Of Twin Shock Of Demonetisation And GST: Report
The Indian economy is gradually coming out of the twin shock of demonetisation and GST which temporarily derailed growth, rating agency India Ratings said.
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October-December Current Account Deficit Widens Sharply
The current account deficit for these three months widened to 2% of gross domestic product.
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Second Quarter Current Account Deficit Doubles On Higher Oil Imports
India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion.
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Pakistan Needs $ 17 Billion To Cover Rising Current Account Deficit, Says World Bank
Pakistan needs around $ 17 billion to cover rising current account deficit and debt payments in the year 2018, the World Bank has said reiterating that it would continue to support the country to implement its broad economic reforms.
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Economy On Track Despite Unsupportive Global Factors, Says Arun Jaitley
The GDP expansion hit three-year low of 5.7 per cent in the April-June quarter with India losing the fastest-growing economy tag to China for the second straight quarter.
-
Despite US Tariffs, India's Services Trade Surplus Set To Hit Record $207 Billion: Report
While merchandise exports are projected to remain under pressure due to US tariffs, India's services trade surplus is expected to hit a record $205-207 billion in FY26, a report showed on Wednesday.
-
India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
-
Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
-
Can't Solve Oil Price Rise With Tweets: Arun Jaitley's Dig At Opposition
Finance Minister Arun Jaitley has taken a swipe at the opposition over its math on runaway fuel price rise. In a post on Facebook, Mr Jaitley linked the weakening rupee and widening current account deficit or CAD to high international price of crude oil. "The challenges thrown up by the increase in the international price of crude oil cannot be res...
-
"It's Not Breaking, It's Broken": Rahul Gandhi's Jibe At PM On Rupee Dive
The rupee is "not breaking, it's broken," Congress president Rahul Gandhi quipped today in his tweet jibe at the government after the currency's sharp dive to 73.77 to a dollar, a new record. The rupee collapsed as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
-
Centre's Steps To Boost Economy Are "Half-Baked, Half-Hearted": Congress
The Congress on Sunday dubbed as "half-baked and half-hearted" the steps announced by the BJP government to boost the economy and said they reflected the "bankruptcy" in its economic vision and they will have an adverse impact.
-
Measures To Stop Depreciation Of Rupee ''Half-Hearted'': P Chidambaram
Senior Congress leader P Chidambaram on Saturday said the Narendra Modi government's five measures to stop further depreciation of the rupee and widening of the current account deficit (CAD) were "half-hearted and too late".
-
PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting
The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.
-
Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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First Time In 20 Years, China's Imports Exceed Its Exports
Amid the trade war with the US, China has reported a current account deficit of $28.3 billion in the first half of this year, which is the first in 20 years for the world's second largest economy.
-
Indian Economy Coming Out Of Twin Shock Of Demonetisation And GST: Report
The Indian economy is gradually coming out of the twin shock of demonetisation and GST which temporarily derailed growth, rating agency India Ratings said.
-
October-December Current Account Deficit Widens Sharply
The current account deficit for these three months widened to 2% of gross domestic product.
-
Second Quarter Current Account Deficit Doubles On Higher Oil Imports
India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion.
-
Pakistan Needs $ 17 Billion To Cover Rising Current Account Deficit, Says World Bank
Pakistan needs around $ 17 billion to cover rising current account deficit and debt payments in the year 2018, the World Bank has said reiterating that it would continue to support the country to implement its broad economic reforms.
-
Economy On Track Despite Unsupportive Global Factors, Says Arun Jaitley
The GDP expansion hit three-year low of 5.7 per cent in the April-June quarter with India losing the fastest-growing economy tag to China for the second straight quarter.
