![CAD Declines To 0.7% Of GDP As Economy Gets Stronger](https://cdn.magzter.com/1549608130/1719272435/articles/VFPx85iol1719278698237/GDP.jpg)
India's current account deficit (CAD) declined to $23.2 billion (0.7 per cent of GDP) during 2023-24 from $67 billion (2 per cent of GDP) during the previous year due to a lower merchandise trade deficit, the RBI said on Monday.
The fall in the current account deficit (CAD) reflects a strengthening of the economic fundamentals as India closed the financial year on March 31, with an accretion of $63.7 billion to foreign exchange reserves.
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
Portfolio investment in the capital markets recorded a net inflow of $44.1 billion against an outflow of $5.2 billion a year ago.
Esta historia es de la edición June 25, 2024 de The Free Press Journal.
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Esta historia es de la edición June 25, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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FEMA: DMK MP fined ₹908 crore
Former Union Minister Jagathrakshakan and his family members have been imposed a penalty of Rs 908 crore under the Foreign Exchange Management Act (FEMA).
Team inspects child care institute in Assagao following HC order
Asked to submit report on inspection by Friday
German MPs on Goa tour, visit temple at Mandur
Germany's Social Democratic Party (SPD) Member of Parliament Bengt Bergt and European Union MP Jens Geier, who are on a visit to Goa, paid a visit to the Shree Shasti Shantadurga temple at Mandur on Wednesday.
Cabinet okays grants of ₹2.5L/month to palliative care centres
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Sea change: Fish scarcity leaves Goans high and dry
Where have the fish gone, is a familiar question that echoes at the tintos, fish markets, Goa's lone wholesale fish market, besides the fishing jetties and the fish landing points dotting along the coast.
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GSPCB drops aerial survey plan for North Goa coast
EXERCISE WAS TO DEMARCATE STRUCTURES, OTHER AREAS ALONG THE COAST
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Repair roads before Chaturthi or pay up: PWD to contractors
Govt to take over work if deadline missed and recover payments from erring contractors
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Meeting on "Engaging with Sex Worker Rights" held
SANGRAM has conducted Hyderabad District Level Advocacy meeting on \"Engaging with Sex Worker Rights\" a sensitization meeting under the leadership of Hyderabad District Legal Service Authoriy Judge Dr Vijaya Bhaskar Reddy at Central Park on Yesterday.
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No one is spared those involved in land encroachment: CM
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Avesthagen & Apollo AyurVAID to market new product
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