{"id":27565,"date":"2018-10-23T14:49:25","date_gmt":"2018-10-23T09:19:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27565"},"modified":"2018-10-23T14:49:25","modified_gmt":"2018-10-23T09:19:25","slug":"current-account-deficit-widens-to-2-4-of-gdp-as-oil-offsets-gains-in-remittances","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/current-account-deficit-widens-to-2-4-of-gdp-as-oil-offsets-gains-in-remittances\/","title":{"rendered":"Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances"},"content":{"rendered":"<p><a href=\"https:\/\/www.livemint.com\/Money\/P9NudlkHGg3x3Rkr3gkKyK\/Current-account-deficit-at-24-of-GDP-in-Q1.html\">Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances<\/a><\/p>\n<p><strong><u>News<\/u><\/strong>:<\/p>\n<p>India Current Account Deficit widened to 2.4 % of GDP in April-June quarter of 2018.<\/p>\n<p><strong><u>Important Facts<\/u><\/strong><\/p>\n<ol start=\"2\">\n<li>\u00a0CAD reached the level of 2.4 % of GDP in Apr-June 2018 highest in four quarters.<\/li>\n<li>Current account on the balance of payments measures the inflow and outflow of goods, services, investment incomes and transfer payments.<\/li>\n<li><u>Reasons for rising in CAD.<\/u><\/li>\n<\/ol>\n<ul>\n<li>Tension in the Gulf Region<\/li>\n<li>Instability in oil exporting nation.<\/li>\n<li>Weakening Rupees has made import costly.<\/li>\n<li>Depleting Forex Reserve and high Import due to high demand may further widen CAD in near future.<\/li>\n<\/ul>\n<p>5.Trade war between India and China may hamper export growth.<\/p>\n<p>6.Further widening of CAD is worrying. Because it will be managed through FDI, portfolio investment and Foreign Reserves.<\/p>\n<p>7.Bad global financial condition and strong Dollar has hampered Portfolio inflows. ($8.1 Billion net outflow during Apr-June 2018 against $2.3 Billion net Inflow during last quarter of 2018).<\/p>\n<p>8.As per the different reports, in future the India\u2019s CAD may rise to the level of 2.5 % to 2.9 %.<\/p>\n<p>9.According to IMF, due to challenges with capital inflow, India may not be able to finance CAD above 3 %.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances News: India Current Account Deficit widened to 2.4 % of GDP in April-June quarter of 2018. Important Facts \u00a0CAD reached the level of 2.4 % of GDP in Apr-June 2018 highest in four quarters. Current account on the balance of payments&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/current-account-deficit-widens-to-2-4-of-gdp-as-oil-offsets-gains-in-remittances\/\">Continue reading <span class=\"screen-reader-text\">Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27565","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704770071},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27565"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27565\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}