The Central bank attributed the lower CAD in Q2FY24 to the narrowing of the merchandise trade deficit to USD 61.0 billion from USD 78.3 billion in Q2FY23. Services exports grew by 4.2 per cent on a y-o-y basis on the back of rising exports of software, business and travel services. Net services receipts increased both sequentially and on a y-o-y basis. The CAD for Q2 FY2024 printed well below expectation of ICRA Ratings, led primarily by, what Aditi Nayar Chief Economist ICRA finds, a "smaller-than-anticipated merchandise trade deficit". Nayar is of the view that following the expansion in the merchandise trade deficit in October 2023, the CAD for the ongoing quarter is expected to widen appreciably, to around USD18-20 billion. "Nevertheless, we now foresee the FY2024 CAD in a range of 1.5-1.6 per cent of GDP, unless commodity prices chart a sharp rebound," says Nayar.
Diese Geschichte stammt aus der December 27, 2023-Ausgabe von The Business Guardian.
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Diese Geschichte stammt aus der December 27, 2023-Ausgabe von The Business Guardian.
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ATISHI TAKES CHARGE AS DELHI'S CM, KEEPS ONE EMPTY CHAIR FOR KEJRIWAL
Atishi expressed confidence in Kejriwal's return as CM, criticizing BJP's attempts to tarnish his image through OW imprisonment.
2020 defamation case filed by BJP leader against Kejriwal, Atishi proceeds
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Attack on turban during clash at DU's Khalsa College, FIR filed
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The Supreme Court in the case Suresh Khanderao Chavhanke vs.
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