News:According to Reserve Bank of India data,India’s current account deficit (CAD) has narrowed to 0.9% of GDP($ 6.3 billion). Facts: The contraction in the current account deficit(CAD) was primarily on account of a lower trade deficit at USD 38.1 billion as compared to USD $50 billion a year ago. The private transfer receipts mainly representing… Continue reading Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI
Tag: Current account deficit
FDI needed to spur the virtuous cycle in India
According to the Economic survey,the virtuous cycle of savings, investment and exports supported by a favorable demographic phase is required for sustainable growth. The survey says that In order to trigger this virtuous cycle,we have to rely on some of FDI.They can come in and start investment and once this happens,that will enhance productivity which… Continue reading FDI needed to spur the virtuous cycle in India
Current account deficit tapers
The Reserve Bank of India(RBI) has said that India’s current account deficit(CAD) has increased to $57.2 billion or 2.1% of GDP in FY19 from 1.8% a year ago. Current account deficit is one of the key indicators of an economy’s health and measures the difference between the value of the goods and services a country… Continue reading Current account deficit tapers
Economy may have slowed in 2018-19: Finance ministry report
According to the Finance Ministry’s report,the Indian economy has slowed down slightly in 2018-19.The slowdown is due to (a)declining growth of private consumption (b)tepid increase in fixed investment and (c)muted exports. Further,the report has said that Indian economy needs to reverse the slowdown in growth of agriculture sector and sustain the growth in industry. The… Continue reading Economy may have slowed in 2018-19: Finance ministry report
