Page 6 - Current Account Deficit

Stories during stagflation: How India fares on 'modified' misery index?

Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

CAD will be sustainable, can be financed by normal capital inflows: RBI Guv

The number of unicorns, or new businesses valued at over $1 billion, is rising rapidly

Expect current account deficit to remain at sustainable level: RBI Governor

The current account deficit (CAD) will remain at a sustainable level and the normal flows will help the Reserve Bank of India (RBI) to finance it, Governor Shaktikanta Das said on Wednesday. He also said the Indian economy is well placed to deal with geopolitical challenges. "We expect the current account deficit to remain at sustainable level and the normal flows will enable us to meet the financing of the current account deficit," Das told reporters during the post-policy press conference. The country's current account deficit increased to USD 23 billion, or 2.7 per cent of GDP, in the third quarter of FY 2021-22 from USD 9.9 billion or 1.3 per cent of GDP in the second quarter and USD 2.2 billion (0.3 per cent of GDP) in Q3 of fiscal 2020-21. The widening of CAD in Q3 FY22 was mainly on account of higher trade deficit. Das said there has been a rise in exports and imports. "Higher exports are the good signs of the economy. Higher imports also augur well and it means that there

After 13-quarter high in Q3, current account deficit may have eased in Q4

Net exports, which are considered a proxy for current account deficit, declined 2.9% of the GDP in the March quarter

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

Current account deficit could cross 5% in 2022 if crude hits $150/barrel

India's CAD expanded to 2.7 per cent of GDP in the December quarter from 1.3 per cent in September quarter on account of higher import bill

India's current account deficit widens to 2.7% of GDP in Q3

The current account deficit was $9.9 bn in the second quarter ended Sep 2021 and $2.2 bn a year ago

India's Oct-Dec current account deficit widens to 2.7% of GDP

In the preceding quarter, the shortfall stood at $9.9 billion or 1.3% of GDP, RBI data showed

Best of BS Opinion: Reflection of time, irreversible damage & more

Here are the best of BS Opinion pieces of the day

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

Ukraine war: SBI sees CAD at 3.5% if crude boils; GDP growth at 7.1%

The rupee is the worst hit emerging market currency since the invasion of Ukraine by Russia and the resultant sweeping economic sanctions against Moscow

Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report

The report said although the Omicron-led Covid wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict

High net exports signal rising pressure on India's current account deficit

Geopolitical risks, hardening commodity prices may push it up more: Experts

Russia-Ukraine crisis to widen India's current account deficit: Ind-Ra

The crisis is expected to increase prices of mineral fuels and oils, gems and jewellery, edible oils and fertilisers

Rising crude prices drive up bond yield, threaten to derail fiscal maths

High oil prices also feed into inflation, necessitating the central bank to be more hawkish in its monetary policy than it so far it has conducted itself

India's current account slips into deficit in second quarter

Net services receipts decreased marginally over the preceding quarter but increased on a year-on-year basis

CAD seen hitting 1.4% or $45 bn by March as crude soars: Report

India's widening current account deficit is set to put pressure on the fragile recovery, warns a brokerage report that has revised upwards its CAD forecast to $45 billion or 1.4% of GDP by March

Current account comes under pressure from oil, gold and coal imports

However, current account deficit won't be unmanageable as was the case in 2011-13, say experts

Rising commodity prices to push CAD to 1.3% or $40 bn this fiscal: Report

Given the sharp increase in global commodity prices, particularly oil, concerns about current account deficit (CAD) and its serviceability have resurfaced