Current Account Deficit

Gold imports rise by 22.58% to $34.6 bn in 2020-21

Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20.

Apr 18, 2021, 12:03 PM IST

Gold imports up 4% to $17.63 billion in Apr-Sep 2018-19

Imports of the precious metal stood at USD 16.96 billion in April-September 2017-18 financial year, according to the commerce ministry data.

Oct 19, 2018, 13:46 PM IST

Govt hikes import duty on select communication items to up to 20%

The increased duties would be effective from October 12, the Central Board of Excise and Customs (CBIC) said.

Oct 12, 2018, 09:47 AM IST

Govt may take policy steps to curb gold imports; unlikely to raise duties

The effort is a part of the exercise by the government to check fall in rupee value and control current account deficit (CAD).

Sep 18, 2018, 10:55 AM IST

Global factors to be blamed for rupee depreciation: Jaitley

It had closed at a one-week high of 71.84 on Friday.

Sep 18, 2018, 10:54 AM IST

Blame for fuel price shock definitely lies with NDA government. Here's why

When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.

Sep 10, 2018, 10:40 AM IST

UPA was 'reckless', gave up economic strength of Vajpayee years: Arun Jaitley

Jaitley argued that the UPA government had little to nothing to do with why India saw economic growth during its tenure.

Aug 19, 2018, 20:18 PM IST

Current account deficit may treble to $10-12bn in Q4 on higher trade deficit: Report

The CAD had increased to $13.5 billion, or 2 percent of the gross domestic product in the third quarter as well.

Mar 22, 2018, 21:09 PM IST

India's current account deficit likely at 1.7% in FY18: Report

According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter.

Mar 19, 2018, 16:52 PM IST

India Q3 current account deficit widens to $13.5 bn

Current Account Deficit rose at 2.0% of GDP in Q3 FY 2018.

Mar 16, 2018, 18:51 PM IST

India's July-September current account deficit more than doubles to $7.2 billion

However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.

Dec 13, 2017, 19:36 PM IST

Govt should relax fiscal deficit targets, boost expenditure: Assocham

In a statement, the chamber said India Inc is looking up to the government to take the 'out of ordinary' measures, citing "concerns over slowdown in growth due to the transient disruptions in the economy following GST implementation and the remaining over-hang of demonetisation".

Oct 01, 2017, 14:39 PM IST

Yashwant Sinha, the Economy of India and the Bharatiya Janata Party

 And this is not the first time someone is pointing to the imminent crisis — an economic slowdown is not Lord Voldermort’s name that can’t be uttered. It needs to be identified and dealt with. 

Sep 28, 2017, 16:55 PM IST

'CAD likely at 1.5% of GDP in 2017; funding not a constraint'

Nomura expects current account deficit likely at 1.5 per cent of GDP in 2017 but noted that funding will not be a constraint.

Sep 18, 2017, 11:27 AM IST

Current account deficit narrows in 2016-17: RBI

India`s current account deficit (CAD) narrowed during last fiscal due to a contraction in the country`s trade deficit.

 

Jun 15, 2017, 18:39 PM IST

India's current account deficit to touch $30 billion in 2018

India`s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said.

Mar 09, 2017, 15:06 PM IST

India's current account deficit narrows to 0.6% of GDP in Sept quarter

The current account deficit (CAD) narrowed by more than a percentage point to 0.6 percent of GDP at USD 3.4 billion in the July-September on account of lower trade deficit.

Dec 13, 2016, 19:13 PM IST

India's current account deficit to stay at $10.1 billion in FY17: Citigroup

India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.

Nov 17, 2016, 16:36 PM IST

Gold import dips 55% to $7.88 billion in H1 of 2016-17

Gold imports dipped by about 55 percent to USD 7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account deficit.

Nov 04, 2016, 21:23 PM IST

India's current account deficit likely to stay below 1% of GDP this year: DBS

India's current account deficit is likely to stay below 1 percent of GDP this year, largely due to a sharp fall in the trade deficit as against last year, says a DBS research report.

Oct 17, 2016, 15:28 PM IST