current account deficit

MUMBAI: Brokerage Nomura expects India's current account deficit(CAD) as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances. In a…

India is likely to be the second most important driver of global growth in 2022 after China, despite the challenges posed by the pandemic and the war in Europe, Reserve Bank of India's deputy governor Michael D Patra said. The world's…

The government informed Parliament on Wednesday that as the geopolitical conflict persists keeping global commodity prices, including crude oil prices elevated, the Current Account Deficit (CAD) of net commodity importers including…

Gold jewellery manufacturing units in Mumbai, Ahmedabad, Coimbatore, Kolkata and Rajkot have cut work time to 6-7 hours from 8-10 hours earlier as demand had fallen by more than 60% after the government hiked import duty to 12.5% from…

India’s current account deficit (CAD) will deteriorate in 2022-23 on account of costlier imports and tepid exports on the merchandise account, if recession concerns in the west do not lead to a sustained and meaningful reduction in the…

NEW DELHI: India's current account deficit (CAD) is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the finance ministry's monthly economic review. The review…

India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review. The review released on Thursday…

Mumbai: A day after the government reported an all-time high trade deficit of $25.6 billion for June, the rupee hit a new low of 79.37 against the dollar at Tuesday’s close. Analysts have forecast that the current account deficitfor the…

The Centre’s raft of measures to improve the trade balance will unlikely arrest the rupee’s fall with India's current account deficit, or the excess of imports over exports, set to more than double in FY23. While the export duty on oil…

NEW DELHI: India’s ballooning trade gap and capital outflows are raising new risks for the rupee, just as the currency’s plunge to a record low adds to inflation woes. “India’s external balances are deteriorating,” economists at Goldman…