Current Account Deficit: Govt Carefully Monitoring Situation, Taken Few Steps, Says FM
2 years, 4 months ago

Current Account Deficit: Govt Carefully Monitoring Situation, Taken Few Steps, Says FM

News 18  

Even as the crude oil price is rising and gold imports remain high, Finance Minister Nirmala Sitharaman has said the government is carefully monitoring the current account deficit situation, adding that the RBI recently took steps to increase foreign exchange inflows to narrow the deficit. India’s current account deficit stood at 1.2 per cent of GDP in 2021-22 against a surplus of 0.9 per cent in FY2020-21 due to a wider trade deficit. She also said, “The size of India’s current account deficit depends on several factors including exports, imports, price of crude oil, among others. The government is carefully monitoring the CAD.” India’s merchandise exports in June jumped 23.52 per cent year-on-year to $40.13 billion, while imports increased 57.55 per cent to $66.31 billion.

India Trade Deficit Billion Cent Rbi Cad  measures  account  cent  cad  govt  current  imports  gdp  trade  deficit  monitoring  carefully  taken  steps  fm  rbi  situation  billion

History of this topic

Rupee at 85 to a Dollar: Sinking Towards 100?
2 days ago

Rupee at 85 to a Dollar: Sinking Towards 100?

The Quint  

India has indeed developed a strong export franchise in not only IT services but also in setting up global capability centers that employ over 1.5 million talented Indians for highly productive use. India, in contrast to its merchandise counterpart, import much less of services, and generate good surplus despite Indians’ itch to travel abroad and seek overseas education. India exported …

Indian economy to grow 6.6% in FY26: Ind-Ra
6 days, 13 hours ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Rahul slams government over trade deficit touching all-time high
1 week ago

Rahul slams government over trade deficit touching all-time high

The Hindu  

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. "Result: Weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation," he …

Rahul slams govt over trade deficit touching all-time high
1 week 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 …

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

Trade deficit at a record $38bn as gold imports rise
Top News
1 week, 1 day ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
1 week, 1 day 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, 2 days 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, 4 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 …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

US elections 2024 outcome could reshape India trade ties
1 month, 2 weeks ago

US elections 2024 outcome could reshape India trade ties

Live Mint  

NEW DELHI : With Donald Trump, the Republican nominee and former US president, leading the US presidential race, India's trade ties with the country—one of the few with which India has a merchandise trade surplus—are likely set for a paradigm shift. While Donald Trump’s America First agenda may lead to higher tariffs on Indian goods, especially in key sectors like …

US trade deficit widens to over two year-high in September 2024; Gold imports highest since March 2022
1 month, 2 weeks ago

US trade deficit widens to over two year-high in September 2024; Gold imports highest since March 2022

Live Mint  

The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods. “The outcome of the election could add upside risk to imports if businesses seek to pre-empt potential tariff increases in the event of a second Donald Trump presidency.” The trade gap …

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, …

Is the spike in India’s trade deficit a worry?
3 months ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

August’s record gold influx lifts import bill to all-time high
3 months, 1 week 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 in Q1 show resilience despite global slowdown: CRISIL
5 months, 1 week ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

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
6 months 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 …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 4 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 …

China's current account surplus shows slight narrowing
7 months, 2 weeks ago

China's current account surplus shows slight narrowing

China Daily  

A bank staff counts RMB and US dollar notes in a bank in Nantong, Jiangsu province on Aug 6, 2019. China's first-quarter international payments remained largely balanced as the country's current account surplus narrowed but stayed within a reasonable range, the State Administration of Foreign Exchange, or SAFE, said on Friday. Preliminary balance of payments data showed that the country's …

Japan records a trade deficit for the third straight fiscal year despite recovering exports
8 months, 1 week ago

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Associated Press  

TOKYO — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. Annual exports to China slipped slightly, declining for the first time in …

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target
8 months, 3 weeks ago

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target

New Indian Express  

NEW DELHI: India’s fiscal deficit for April to February of FY24 reached Rs 15.01 lakh crore, representing nearly 86.5% of the target set for the full financial year, according to the government data. During the corresponding period in the previous year, the fiscal deficit was recorded at Rs 14.53 lakh crore. As of February 2024, the Government of India has …

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 …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Exports marginally up at $38.45 billion in December; trade deficit narrows
11 months, 1 week ago

Exports marginally up at $38.45 billion in December; trade deficit narrows

The Hindu  

The country's exports edged up 1% to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Crude oil imports in April-December 2023-24 declined by about 19% to $128.6 billion while gold imports surged by 26.64% to about $36 billion in April-December 2023. Imports contracted by 7.93% …

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 …

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June
1 year, 4 months ago

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June

ABP News  

The Indian government has already touched 25.3 per cent of its fiscal deficit target for the whole year. According to the data released by the Controller General of Accounts on Monday, the fiscal deficit for the first quarter of the current fiscal year accounts for about 25 per cent of the total fiscal deficit target for the year. According to …

Cash-strapped Pakistan slashes trade deficit by 43% in FY 23: Report
1 year, 5 months ago

Cash-strapped Pakistan slashes trade deficit by 43% in FY 23: Report

India TV News  

Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. In the previous fiscal year 2022, the trade deficit had widened to a daunting USD 48.35 billion, causing concern about the country’s economic stability, The Express Tribune newspaper reported. Ismail Iqbal Securities head of research, Fahad Rauf, …

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 …

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside
1 year, 6 months ago

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside

India TV News  

Centre's fiscal deficit : Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP. Aditi Nayar, …

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 …

India Q4 GDP LIVE: GDP Grew By 6.1% In Jan-Mar Quarter; FY23 GDP Stands At 7.2%
1 year, 6 months ago

India Q4 GDP LIVE: GDP Grew By 6.1% In Jan-Mar Quarter; FY23 GDP Stands At 7.2%

News 18  

India GDP Q4 Growth LIVE Updates: The National Statistical Office has released the gross domestic product growth rate for the fourth quarter of fiscal year 2022-23, along with the growth rate clocked during the entire FY23. The country’s gross domestic product or GDP grew by 6.1 percent in the fourth quarter of fiscal year 2022-23, as per the official data. …

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 …

Fresh data rejigs drag down 2022-23 export-import tally by $3 billion
1 year, 7 months ago

Fresh data rejigs drag down 2022-23 export-import tally by $3 billion

The Hindu  

India’s goods trade numbers for February and March 2023 have been revised by over $10 billion from initial estimates, and the overall export-import figures for last year have been scaled down by around $3 billion dollars each, with experts flagging petroleum shipments as the main driver for the extraordinarily high revisions of recent export data. The month’s import bill was …

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. …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

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