India Jan-March Current Account Deficit Narrows As Trade Gap Shrinks, Says RBI
India's balance of payments (INBOP=ECI) stood at a surplus of $5.6 billion compared to a surplus of $11.1 billion in the preceding quarter and a deficit of $16 billion in the same quarter a year earlier. Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $28.6 billion, up 20.8% from a year ago.
Jun 27, 2023, 17:13 PM IST
India's current account deficit widens by 2.8% of GDP in April-June period of FY23: RBI
India`s current account balance recorded a deficit of $23.9 billion (2.8 per cent of GDP) in Q1:2022-23, up from US$ 13.4 billion (1.5% of GDP) in Q4:2021-221 and a surplus of $6.6 billion (0.9% of GDP) a year ago [i.e., Q1:2021-22], the RBI said in a statement.
Sep 30, 2022, 08:57 AM IST
India's current account deficit narrows to 1.6% of GDP in July-Sept
The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.
Dec 22, 2015, 18:39 PM IST
