INDIA'S CURRENT ACCOUNT deficit (CAD) in the second quarter of this financial year shrunk marginally to 1.2% of GDP from 1.3% a year ago primarily due to a rise in services exports, data released by the Reserve Bank of India (RBI) showed on Friday.
In absolute terms, the CAD stood at $11.2 billion in Q2FY25, compared with $11.3 billion in the same quarter of FY24. In Q1FY25, the CAD stood at $9.7 billion, or 1.1% of the GDP.
"A strong service trade surplus continues to be an important counterweight to the wider goods shortfall," said Radhika Rao, senior economist at DBS Bank.
In Q2, services trade surplus rose to $44.5 billion from $39.9 billion a year ago.
هذه القصة مأخوذة من طبعة December 28, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 28, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cutting-edge AI innovations to take centre stage at CES 2025
Top global companies to showcase advancements in mobility, digital health and sustainability
Bajaj Auto's EV charge
LAUNCH OF MASS MARKET SCOOTERS PAYS OFF
Special Category Visa for Foreign Students
INDIA HAS LAUNCHED two special category visas for international students intending to pursue higher education in academic institutions in the country.
Stars who couldn't walk the talk
IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT). Jasprit Bumrah, the captain and the man of the series.
Indian-Origin IT Companies Corner a Fifth of H-1B Visas
INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.
A win-win solution
Platform becomes match-maker for India Inc & startups
No need to run an air purifier and room heater at the same time
It heats in winter and purifies indoor air all year round
A handy tool to make your voice louder
Simple plug and play design adds to its ease of use
Track kids' location in real-time
A 4G smartwatch with large display and GPS tracking for kids that offers a variety of features to help keep children safe and connected.
Readying talent for the AI era
GenAI industry to add 1 million new jobs by 2028
