Last Updated: Friday, March 07, 2014, 18:34
The CAD narrowed to USD 26.9 billion in the first half (April-September) of 2013-14.
Last Updated: Tuesday, January 28, 2014, 15:27
The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.
Last Updated: Tuesday, January 14, 2014, 23:10
Global private equity major KKR has ranked India second among the emerging markets on external risks, citing the high fiscal and current account deficits.
Last Updated: Monday, January 06, 2014, 22:58
He said that if this growth rate was achieved "then India will also transit from being a low income to a middle income country".
Last Updated: Wednesday, December 04, 2013, 12:13
Measures to curb demand for imported gold have contributed to a sharp narrowing of India's current account deficit, global consultancy firm Capital Economics said.
Last Updated: Monday, December 02, 2013, 18:45
Decline in gold imports and turnaround in exports helped narrow India's current account gap sharply to USD 5.2 billion, or 1.2 percent of GDP, in the July-September quarter of this fiscal.
Last Updated: Friday, November 15, 2013, 11:02
Measures taken by the government will yield results and help India achieve potential growth rate of 8 percent he said.
Last Updated: Tuesday, November 05, 2013, 17:59
Finance Minister P Chidambaram Tuesday exuded confidence that India's current account deficit (CAD) will be contained below USD 60 billion this financial year as against an earlier estimate of USD 70 billion.
Last Updated: Thursday, October 24, 2013, 13:24
Earlier this month, the World Bank slashed India's economic growth forecast for the current financial year to 4.7 percent from an earlier projection of 6.1 percent.
Last Updated: Tuesday, October 22, 2013, 16:53
Gold imports touched a high of 162.4 tonnes in May and fell to 7.2 tonnes in September.
Last Updated: Monday, October 21, 2013, 22:44
If the present trend in exports and imports continue, the overall CAD will reduce even lower than USD 70 billion.
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