India's current account deficit News

India's current account deficit widens to $23.9 billion by 2.8% in April-June period. The RBI on Thursday released the preliminary data on India`s balance of payments (BoP) for Q1. Services exports grew y-o-y by 35.4%, led by broad-based growth in computer, business, etc.

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.

The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit which stood at USD 41.2 billion, brought about by a larger increase in merchandise imports relative to exports.

The report said despite the wider current account deficit, financing is not a concern.

India's current account deficit (CAD) is likely to widen to 1.3 percent of GDP in 2017 from 0.6 percent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report.

India's gold imports declined by about 13.5 percent to USD 27.4 billion in 2016-17, which is expected to keep a lid on the current account deficit.

The current account deficit (CAD) widened to USD7.9 billion or 1.4 percent of GDP in the October-December quarter on account of higher trade deficit.

The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed on Friday.

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.

India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.  

India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.

Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.

India's current account deficit is likely to widen to 1.6 percent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.  

Low commodity prices and better FDI inflows have reduced India's vulnerability to external shocks which is "credit positive" for India, Moody's Investors Service said on Thursday.

India's current account deficit is likely to narrow to 0.7 percent of the GDP in fiscal 2016 from 1.3 percent in FY15 largely owing to low commodity prices, a Nomura report said Wednesday.

The NSE Nifty retook the 7,800-level by recovering 79.85 points at 7,865.95.

The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.

The contraction in CAD was primarily on account of lower trade deficit.

India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).