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.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Bengaluru.
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Top IITs See a Drop in Campus Placements
● More students likely getting jobs independently
Top IITs see a drop in campus placements
• More students likely getting jobs independently
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ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
Centre eyes private capital for $107-bn grid expansion
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Dam over Brahmaputra not to impact water flows to India
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D-Street catches flu
Headwinds for markets at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
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Banks, NBFCs See Hit to...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
