Data for the July-September quarter reveals a modest narrowing of the CAD to 1.2 per cent of GDP, down from 1.3 per cent a year ago, despite ongoing challenges like a widening merchandise trade deficit and weaker global demand.
The slight reduction in the CAD is a positive development, but it's important to understand the underlying factors.
The major contributor to this improvement has been the strength of India's services exports.
With net services receipts rising to $44.5 billion, India's services sector continues to provide a buffer against the goods trade deficit.
This growth, particularly in IT services, business services, and transportation, underscores India's competitive edge in these areas and highlights the importance of services in the country's economic structure.
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Denne historien er fra December 29, 2024-utgaven av The Statesman Delhi.
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Steve Smith '100 per cent' sure of Virat Kohli 'catch'
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Sometimes you have to play more secure cricket: Pant
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United Cup: Czechia beat Italy, to meet USA in semis
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Hosts face formidable challenge as in-form former champions chase league leaders Mohun Bagan Super Giant
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80 Per Cent Of Health Insurance Policyholders Believe There're Intentional Delays In Claims, Finds Survey
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