However, resilient services exports and remittance inflows are likely to cushion the overall impact, keeping the CAD for FY25 within a manageable range of 1.2 per cent-1.5 per cent of GDP.
India's CAD narrowed slightly to 1.2 per cent of GDP in Q2 FY25, compared to 1.3 per cent in the same period last year.
Higher CAD is also because of increased trade deficit; the merchandise trade deficit widened to USD 75.3 billion in Q2 FY25 from USD 64.5 billion in Q2 FY24. The increase was largely attributed to higher non-oil imports, with gold imports rising by USD 5 billion year-on-year.
Denne historien er fra December 29, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 29, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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