{"id":30549,"date":"2018-10-26T16:42:18","date_gmt":"2018-10-26T11:12:18","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30549"},"modified":"2018-10-26T16:42:18","modified_gmt":"2018-10-26T11:12:18","slug":"higher-trade-deficit-pushes-up-q3-cad-to-2-of-gdp-at-13-5-bn","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/higher-trade-deficit-pushes-up-q3-cad-to-2-of-gdp-at-13-5-bn\/","title":{"rendered":"Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 bn"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/higher-trade-deficit-pushes-up-q3-cad-to-2-of-gdp-at-135-bn\/article23274002.ece\"><strong>Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 bn<\/strong><\/a><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Rise in Current Account Deficit (CAD)<\/p>\n<p><strong>What has happened?<\/strong><\/p>\n<p>The current account deficit (CAD) rose to 2% of the GDP or $13.5 billion in the December quarter, up from $8 billion or 1.4% in the year-ago period, on the back of higher trade deficit, according to Reserve Bank of India (RBI) data<\/p>\n<p><strong>Reason behind rise in CAD<\/strong><\/p>\n<p>The widening of the CAD on a year-on-year basis is primarily due to a higher trade deficit which rose to $44.1 billion in the reporting quarter due to a larger increase in merchandise imports relative to exports<\/p>\n<p><strong>Other observations<\/strong><\/p>\n<ul>\n<li><strong>Decrease in net FDI<\/strong>: Net foreign direct investment stood at USD 4.3 billion, almost 55 per cent less than in the year-ago period when it was at USD 9.7 billion<strong style=\"font-size: 1rem;\">\u00a0<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 bn Context Rise in Current Account Deficit (CAD) What has happened? The current account deficit (CAD) rose to 2% of the GDP or $13.5 billion in the December quarter, up from $8 billion or 1.4% in the year-ago period, on the back&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/higher-trade-deficit-pushes-up-q3-cad-to-2-of-gdp-at-13-5-bn\/\">Continue reading <span class=\"screen-reader-text\">Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 bn<\/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-30549","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704935424},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30549","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=30549"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30549\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}