India's current account deficit gap widens in April-June: RBI
2 months, 3 weeks ago

India's current account deficit gap widens in April-June: RBI

Hindustan Times  

India's current account deficit widened on-year in the April-June quarter, largely due to a higher merchandise trade deficit, the central bank said on Monday. The Reserve Bank of India reported a current account deficit of $9.7 billion for April-June, driven by a $65.1 billion merchandise trade deficit. The current account deficit stood at $9.7 billion, or 1.1% of the GDP, in the fiscal first quarter, compared with a deficit of $8.9 billion or 1% of GDP in the same quarter a year ago, the Reserve Bank of India said in a release. India's merchandise trade deficit widened more than expected to $29.65 billion in August, as per Reuters calculation based on government data earlier this month.

India Services Bank Quarter Rbi Reuters Deficit Account Billion Current Current Account Deficit  apriljune  account  gdp  services  deficit  indias  trade  rbi  growth  widens  bank  quarter  gap  billion  current

History of this topic

Rahul slams govt over trade deficit touching all-time high
5 days, 21 hours ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Indian Banking Liquidity Deficit Hits Highest in Six Months
6 days, 17 hours ago

Indian Banking Liquidity Deficit Hits Highest in Six Months

Live Mint  

-- The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility. The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was at 1.5 trillion rupees as of Monday, the highest …

Record trade deficit adds to rupee’s challenges, may open to all-time low
1 week ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint  

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
1 week ago

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint  

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
1 week ago

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

Live Mint  

New Delhi, December 16 : The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by CareEdge Ratings. It said "Overall, we project the fiscal deficit at 4.8 per cent of GDP, marginally lower than the budgeted 4.9 per …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
3 weeks, 3 days ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 1 week ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
1 month, 1 week ago

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda

Live Mint  

New Delhi, November 15 : India's current account deficit will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda. Despite global market volatility, the report stated that steady oil prices at current levels are a …

India’s goods trade deficit widens to $27 billion in October
Trending News
1 month, 1 week ago

India’s goods trade deficit widens to $27 billion in October

Live Mint  

New Delhi: India’s merchandise trade deficit widened to a two-month high in October, driven by a rise in imports, data released by the commerce ministry on Thursday showed. The goods trade deficit—the difference between exports and imports—stood at $27.14 billion in October, up from $20.78 billion in September. The overall trade deficit, including both services and merchandise, fell to $10.12 …

Fiscal deficit in April-August at 27% of full-year target: Govt data
2 months, 3 weeks ago

Fiscal deficit in April-August at 27% of full-year target: Govt data

The Hindu  

The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit - the gap between expenditure and revenue - was at ₹4,35,176 crore as of August-end, according to data released by the Controller General of Accounts. In the …

India’s current account deficit in Q1 FY25 widens to $9.7 billion
2 months, 3 weeks ago

India’s current account deficit in Q1 FY25 widens to $9.7 billion

The Hindu  

India’s current account deficit widened marginally to $ 9.7 billion in Q1:2024-25 from $8.9 billion in Q1:2023-24 and against a surplus of $4.6 billion in Q4:2023-24, according to dada released by the Reserve Bank of India on Monday. The current account surplus for Q4:2023-24 was revised downwards to $4.6 billion from US$ 5.7 billion earlier due to an upward adjustment …

August’s record gold influx lifts import bill to all-time high
3 months ago

August’s record gold influx lifts import bill to all-time high

The Hindu  

India’s goods exports shrank 9.32% to $34.71 billion in August, while the import bill expanded 3.3% to an all-time high of $64.36 billion, fuelled by a doubling in gold imports to a record $10.1 billion. On the surge in gold imports, the top trade official pointed to plausible factors such as the recent reduction in import duty from 15% to …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India’s Trade Deficit Widens to $23.5B in July
4 months, 1 week ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

Trade tact: The Hindu Editorial on India’s trade policy focus
5 months ago

Trade tact: The Hindu Editorial on India’s trade policy focus

The Hindu  

India’s goods exports rose for the third successive month this June, growing 2.55% to $35.2 billion. With oil prices virtually unchanged over the last two months, this signals a drop in export volumes, just as a sharper 19.6% rise in June’s oil imports suggests a domestic demand spike. The oil deficit accounts for almost half of the first quarter trade …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
5 months, 1 week ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

Why a current account deficit is good for India
5 months, 2 weeks ago

Why a current account deficit is good for India

Live Mint  

India’s current account recorded a rare net surplus of $5.7 billion in the first quarter of 2024. One metric evaluates the current account through the difference between domestic savings and investments:If a country saves more than it invests, it runs a surplus; the opposite means a deficit. Given that rating company Crisil recently pegged investments at 33.7% of GDP in …

India’s Current Account Balance Turns Surplus in Q4FY24
5 months, 4 weeks ago

India’s Current Account Balance Turns Surplus in Q4FY24

Deccan Chronicle  

Mumbai: India’s current account balance recorded a surplus of $ 5.7 billion in the fourth quarter of FY24 due to higher service exports and private transfer receipts, according to data released by the Reserve Bank of India. The current account balance was in deficit of $ 8.7 billion in Q3 2023-24 and $ 1.3 billion a year ago. Net services …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 3 weeks ago

India in trade deficit with nine of top 10 trading partners in 2023-24

The Hindu  

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. India's total trade deficit in the last fiscal narrowed to $238.3 billion as against $264.9 billion in the previous fiscal. Economic think tank Global Trade Research Initiative said …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
9 months, 1 week ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
9 months, 3 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion
10 months, 1 week ago

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion

The Hindu  

India’s merchandise trade deficit, which had hit a record high of $29.9 billion in October, narrowed sequentially for the third straight month and touched a nine-month low of $17.5 billion in January, provisional estimates released by the Commerce Ministry on Thursday showed. Services exports, whose actual numbers will be released later, are estimated to have expanded 17.5% last month to …

A cloudy horizon: The Hindu Editorial on trade data
1 year ago

A cloudy horizon: The Hindu Editorial on trade data

The Hindu  

From a rare upward swing this October, India’s goods exports retreated into contraction last month, dipping 2.8% from 2022 levels to touch $33.9 billion. Imports dropped 4.33% to $54.5 billion, cooling the merchandise trade deficit to $20.6 billion, almost a third below October’s record high. August’s goods trade deficit was moderated by nearly three billion dollars, with the overall export-import …

Exports dipped again in November, but trade deficit eases 31% from record high
1 year ago

Exports dipped again in November, but trade deficit eases 31% from record high

The Hindu  

India’s goods exports slipped back into contraction to drop 2.83% in November to $33.9 billion, while imports fell by a sharper 4.33% to $54.48 billion. The trade deficit for November eased sharply beyond expectations to $20.58 billion from the all-time high of $29.91 billion recorded in October. Exports have been positive in November and higher than the overall exports of …

India's June quarter current account deficit narrows to 1.1 per cent: RBI
1 year, 2 months ago

India's June quarter current account deficit narrows to 1.1 per cent: RBI

Hindustan Times  

India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday. The net external commercial borrowings to India recorded an inflow of USD 5.6 billion in the quarter compared to an outflow of USD 2.9 billion a year ago, the RBI said The current account deficit, …

India’s goods trade deficit hits a 10-month high
1 year, 3 months ago

India’s goods trade deficit hits a 10-month high

The Hindu  

India’s foreign trade hit a fresh trough in August, with goods exports shrinking for the seventh successive month, services exports estimated to have dropped for the first time in well over a year, and the goods trade deficit hitting a 10-month high. The merchandise import bill for August dropped 5.23% year-on-year to $58.64 billion, but was 10.85% higher than July’s …

India's goods exports dip 6.86 per cent in August, trade deficit narrows to USD 24.16 billion
1 year, 3 months ago

India's goods exports dip 6.86 per cent in August, trade deficit narrows to USD 24.16 billion

India TV News  

India’s exports declined by 6.86 per cent to USD 34.48 billion in August 2023 as against USD 37.02 billion in the same month in 2022, according to the government data on Friday. The imports also saw a dip of 5.23 per cent to USD 58.64 billion in August this year as against USD 61.88 billion recorded in August last year, …

Balance of payment data gives fewer reasons to cheer
1 year, 5 months ago

Balance of payment data gives fewer reasons to cheer

Live Mint  

The latest balance of payments data was a mixed bag. However, strong domestic economic momentum and higher capital spending may keep underlying import demand intact at a time exports are facing challenges from a global slowdown. With the current account likely to remain in deficit in FY24, a resilient capital account surplus will be crucial to contain the impact of …

CAD narrows to 0.2% of GDP in Q4 FY23 on lower trade deficit, higher services exports
1 year, 5 months ago

CAD narrows to 0.2% of GDP in Q4 FY23 on lower trade deficit, higher services exports

The Hindu  

India's current account deficit narrowed to $1.3 billion or 0.2% of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on June 27. “India’s current account deficit decreased to $1.3 billion in Q4:2022-23 from $16.8 billion in Q3:2022-231, and $13.4 billion a year ago,” …

India's current account deficit dips to 0.2% of GDP in Q4 FY23: RBI data
1 year, 5 months ago

India's current account deficit dips to 0.2% of GDP in Q4 FY23: RBI data

India TV News  

According to RBI data released on Tuesday, India's current account deficit decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. "India's CAD decreased to USD 1.3 billion in Q4:2022-23 from USD 16.8 billion in Q3:2022-231, and USD 13.4 billion a year ago," the Reserve Bank stated. The trade deficit decreased to USD 52.6 billion …

India's GDP grew at 6.1% in Jan-March quarter: Govt data
1 year, 6 months ago

India's GDP grew at 6.1% in Jan-March quarter: Govt data

Hindustan Times  

India's economy grew 6.1% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter, government data showed on Wednesday. The National Statistical Office, under the ministry of Statistics and Programme Implementation, announced that the GDP in the last quarter of the financial year 2022-23 is estimated at ₹43.62 lakh crore, as against ₹41.12 lakh crore …

Trade deficit narrows to 21-month low in April
1 year, 7 months ago

Trade deficit narrows to 21-month low in April

Deccan Chronicle  

Chennai: India's merchandise and services trade deficit fell to a 21 month low in April after exports grew by 2 per cent and imports declined by 7.92 per cent. Overall exports, which is merchandise and services combined, in April was estimated at $65.02 billion, a growth of 2 per cent over $63.75 billion in April 2022. Overall imports in April …

India’s exports fall 12.7% to $34.66 billion in April
1 year, 7 months ago

India’s exports fall 12.7% to $34.66 billion in April

Live Mint  

India's exports dipped by 12.7 per cent year on year to $34.66 billion in April this year, the government data showed on Monday. India's April trade deficit stood at $15.24 billion, while overall imports were valued at $49.90 billion. India’s services exports rose $30.36 billion as compared to $24.05 billion in the year ago perriod. India’s overall exports in April …

Pakistan's current account deficit hits two-year low
1 year, 9 months ago

Pakistan's current account deficit hits two-year low

India Today  

Curbs on imports by Pakistan began to yield results as the cash-strapped country's current account deficit hit a two-year low of $ 74 million in a month, it emerged on Monday. The State Bank of Pakistan reported that "the current account deficit recorded at $ 0.1 billion in February 2023 against a deficit of $ 0.5 billion in February 2022. …

Exports fell 8.8% in February, but trade deficit also shrank over 7%
1 year, 9 months ago

Exports fell 8.8% in February, but trade deficit also shrank over 7%

The Hindu  

Tentative global demand pulled India’s goods exports down 8.8% in February to $33.9 billion, while imports fell 8.2% from a year ago to $51.31 billion, according to Commerce Ministry estimates released on Wednesday. The merchandise trade deficit during February 2023 fell 7% to $17.43 billion, slightly higher than January’s $16.56 billion deficit, which in turn was the lowest in at …

Pakistan's current account deficit decreases as imports grind to near standstill
1 year, 10 months ago

Pakistan's current account deficit decreases as imports grind to near standstill

Firstpost  

Karachi: Pakistan’s current account deficit dropped to $0.2 billion in January 2023, down 90% from last year as the rupee’s depreciation slowed down imports, the central bank said on Monday. In less than a month, cash-strapped Pakistan’s currency has lost more than a quarter of its value against the US dollar after the removal of artificial caps, and fuel prices …

India’s overall exports log 14.57% growth in January 2023, climb to $65.15 billion
1 year, 10 months ago

India’s overall exports log 14.57% growth in January 2023, climb to $65.15 billion

Firstpost  

The country’s overall exports indicate exports of merchandise and services combined. The overall import has also witnessed a marginal increase of 0.94 per cent to $66.42 billion in January 2023 as compared to $65.80 billion that the country registered in January 2022 New Delhi: India’s exports logged a 14.57 per cent increase year-on year in January 2023 to $65.15 billion …

India’s exports in January dipped by 6.58% to $32.91 bn
1 year, 10 months ago

India’s exports in January dipped by 6.58% to $32.91 bn

Live Mint  

India's exports in January dipped by 6.58 per cent to $32.91 billion, as against $35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports in January also declined by 3.63 per cent to $50.66 billion, as against $52.57 billion in the same month last year. Cumulatively, during April-January 2022-23, the …

Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

Economic Survey 2022-23 highlights need to monitor current account deficit
1 year, 10 months ago

Economic Survey 2022-23 highlights need to monitor current account deficit

The Hindu  

The Economic Survey 2022-23 on Tuesday underlined the need for close monitoring of the current account deficit which may continue to widen because of elevated global commodity prices. ".a downside risk to the current account balance stems from a swift recovery driven mainly by domestic demand, and to a lesser extent, by exports," the Survey said, adding "CAD needs to …

High CAD, Fed’s rate hike course likely to keep rupee under pressure in 2023
1 year, 11 months ago

High CAD, Fed’s rate hike course likely to keep rupee under pressure in 2023

Live Mint  

Indian rupee may underperform its Asian counterparts in the current year due to the high current account deficit which is likely to push RBI for opting to absorb dollar inflows to rebuild its forex reserves. As per a Reuters report, Siddharth Mathur, head of EM research, APAC at BNP Paribas said, the likelihood that the U.S. Federal Reserve hikes rates …

CAD set to widen, inflation to remain high: Deloitte report
1 year, 11 months ago

CAD set to widen, inflation to remain high: Deloitte report

Live Mint  

India’s current account deficit is set to worsen going forward led by higher imports and slower exports, Deloitte warned in a report shared exclusively with Mint. The report pointed out that the pressure on the rupee is “worrisome” and that India may want to consider restricting imports of non-essential items or scouting for cheaper import sources. It is the only …

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here
1 year, 11 months ago

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here

News 18  

India’s fiscal deficit during April-November 2022 stood at Rs 9.78 lakh crore, or 58.9 per cent of the full-financial year target, according to the latest official data released on Friday. According to the latest data from the Controller General of Accounts, the Centre’s total expenditure during April-November 2022 stood at Rs 24,42,787 crore, which is 61.9 per cent of the …

Merchandise exports may drop 2.3% this year: CARE
1 year, 11 months ago

Merchandise exports may drop 2.3% this year: CARE

The Hindu  

Slowing global growth and cooling demand are likely to shrink India’s goods exports by more than 2% in 2022-23 and grow just 1.5% next year, CARE Ratings said in a research report on Tuesday, signalling a sharp drop in outbound shipments over the next quarter. With major economies likely to experience a sharp slowdown and global trade growth moderating, India’s …

India's Fiscal Deficit At Rs 7.58 Lakh Crore In April-October 2022; 45.6% Of Full-Year Target
2 years ago

India's Fiscal Deficit At Rs 7.58 Lakh Crore In April-October 2022; 45.6% Of Full-Year Target

News 18  

India’s fiscal deficit during April-October 2022 stood at Rs 7.58 lakh crore, or 45.6 per cent of the full-fiscal target, according to the official data released on Wednesday. During April-September 2022, the central government’s fiscal deficit had touched 37.3 per cent of the full-year target or Rs 6.19 lakh crore. The fiscal deficit in FY2023 is unlikely to exceed the …

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target
2 years, 1 month ago

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target

News 18  

The central government’s fiscal deficit during April-September 2022 touched 37.3 per cent of the full-year target, according to the latest official data. According to the data released by the Controller General of Accounts on Monday, the government’s total receipts, including taxes, stood at Rs 12.03 lakh crore or 52.7 per cent of BE for 2022-23. For 2022-23, the fiscal deficit …

India's Current Account Deficit May Hit 9-Year-High Level In First Quarter of FY23: India Ratings
2 years, 3 months ago

India's Current Account Deficit May Hit 9-Year-High Level In First Quarter of FY23: India Ratings

News 18  

India’s current account deficit is expected to hit a nine-year or 36-quarter-high level of 3.4 per cent of the gross domestic product in the first quarter of this financial year against a surplus of 0.9 per cent a year ago, according to a report by India Ratings. “Although the merchandise exports touched a record high of $121.2 billion in 1QFY23, …

Exports remain flat in August; trade deficit more than doubled to 28.68 billion: Commerce Ministry
2 years, 3 months ago

Exports remain flat in August; trade deficit more than doubled to 28.68 billion: Commerce Ministry

Firstpost  

Trade deficit widened to 125.22 billion in April-August this fiscal as against USD 53.78 billion in the same period last year. Commerce secretary B V R Subrahmanyam said that the country’s overall exports are expected to cross USD 450 billion during the current fiscal New Delhi: India’s exports contracted by 1.15 per cent to USD 33 billion and trade deficit …

India's Worst Period Of Macroeconomic Instability Over; Inflation To Moderate: Morgan Stanley
2 years, 4 months ago

India's Worst Period Of Macroeconomic Instability Over; Inflation To Moderate: Morgan Stanley

News 18  

India’s worst period of macroeconomic instability is possibly over, and both retail inflation and trade deficit are expected to moderate gradually, according to brokerage Morgan Stanley. “We believe the worst of macro instability is behind us now, though moderation in inflation and narrowing of India’s trade deficit will be gradual.” The note expects the country’s retail inflation to increase to …

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