Page 8 - Current Account Deficit

CAD increases to 2.1% of GDP in FY19; but more than halves in Q4

Overall trade performance was the prime influencer for both the contraction in CAD for the March quarter as well as a widening for the full year

CAD widens to 2.5% of GDP in Q3 on account of a higher trade deficit

In absolute terms, the CAD was $16.9 billion in the October-December 2018 period, up from $13.7 billion in the year-ago period

Govt pegs FY19 current account deficit at 2% of GDP on slide in oil prices

Rating agencies and research firms have so far said the FY19 CAD would be much higher than 2017-18, which was 1.9 per cent of GDP

July-Sept current account deficit at 4-year high on rising oil prices: RBI

India's trade deficit in July-September widened to $50 billion from $32.5 billion a year ago

How to import-save efficiently

It is feasible for India to correct its chronic current account deficit without compromising on efficiency. It desperately needs to be competitive, at the policy and firm level

CAD may narrow to 2.6% of GDP in FY19 on falling oil prices, says report

The report earlier stated that CAD may touch 2.8% of GDP in the current financial year

Non-essential items unlikely to see more import duty hikes: Officials

Earlier in the day, a finance ministry official had said more steps will be taken to check CAD and hoped that the rupee would appreciate

Govt looking to amend FEMA to cut costs associated with remittances

Move among a series of measures to control CAD

India mulls more import curbs to shore up rupee, curb a ballooning CAD

PM Narendra Modi is said to meet officials on trade deficit on Thursday

Besides import curb, farm exports to China key to India cutting deficit

Expanding agricultural exports such as soybeans and cotton to China by exploiting opportunities from a global trade war will help cut the deficit

Rupee-renminbi trade on cards to reduce deficit and strengthen rupee

The trade deficit has widened to more than $80 billion in the first five months of FY19 as the value of the rupee has nosedived

To counter widening CAD, govt focuses on computer services, tech export

Monday's meet on boosting exports also called for slashing imports

Time to wake up? CAD and rupee are to remain stressed until the 2019 polls

An interest rate hike is inevitable and bond yields will not recede. This will impact slowly reviving capital formation. We are not in a sweet spot

BofAML ups CAD forecast to 2.8% in FY19 on rising crude oil prices

The country's CAD widened to $15.8 billion or 2.4 per cent of the GDP for the first quarter

No need for curbs on gold to bring down CAD, says WGC's Somasundaram PR

Demand for gold remains low, and talks on gold spot exchanges may pick up soon, he said

Borrowing our way into trouble

To reduce current account deficit, govt should have focused on narrowing the trade imbalance via export facilitation and linked FDI

To woo dollars, govt won't tax interest payable on offshore rupee bonds

Consequent to Prime Minister Narendra Modi reviewing the state of economy last week, the government had announced a multi-pronged strategy to contain the current account deficit

Centre to stick to fiscal target of 3.3% as tax revenues on the rise: FM

Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%

Govt to stick to capital expenditure, fiscal deficit targets: Arun Jaitley

Jaitley said the primary focus of the Friday meeting was the current account deficit and how to narrow it down

Govt should focus on boosting exports, protectionism won't reduce CAD: FIEO

The govt Friday announced an array of steps, including relaxation for foreign portfolio investments, and curbs on non-essential imports, to contain the widening CAD and check the rupee depreciation