{"id":75001,"date":"2021-01-01T11:53:26","date_gmt":"2021-01-01T06:23:26","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=75001"},"modified":"2021-03-04T15:58:22","modified_gmt":"2021-03-04T10:28:22","slug":"current-account-surplus-moderates-to-15-5-bn-in-q2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/current-account-surplus-moderates-to-15-5-bn-in-q2\/","title":{"rendered":"Current account surplus moderates to $15.5 bn in Q2"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/indianexpress.com\/article\/business\/economy\/q2-current-account-surplus-moderates-to-15-5-bn-7127068\/\">The Indian Express<\/a><\/p>\n<p><strong>News:<\/strong>\u00a0The current account surplus moderated to $15.5 billion (2.4% of GDP) in the quarter ended September of 2020-21 from $19.2 billion (3.8% of GDP) in the first quarter this fiscal.The current account saw a deficit of $7.6 billion(1.1%) in the year-ago quarter.<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<ul>\n<li><strong>Why has current account surplus narrowed?\u00a0<\/strong>The narrowing of the current account surplus in Q2 of FY21 was on account of a rise in the merchandise trade deficit to $14.8 billion from $10.8 billion in the preceding quarter.<\/li>\n<\/ul>\n<p><strong><span style=\"font-size: 14pt;\">Read Also : <span style=\"color: #ffff00;\"><a style=\"color: #ffff00;\" href=\"https:\/\/forumias.com\/blog\/current-affairs\/\" target=\"_blank\" rel=\"noopener noreferrer\">Current affairs for upsc<\/a><\/span><\/span><\/strong><\/p>\n<p><strong>Current Account:<\/strong><\/p>\n<ul>\n<li><strong>What is the Current Account?\u00a0<\/strong>Current account maintains a record of the country\u2019s transactions with other nations, in terms of trade of goods and services, net earnings on overseas investments and net transfer of payments over a period of time, such as remittances.\n<ul>\n<li>This account goes into a deficit when money sent outward exceeds that coming inward.<\/li>\n<\/ul>\n<\/li>\n<li><strong>What does Current account constitute?\u00a0<\/strong>The current account constitutes net income, interest and dividends and transfers such as foreign aid, remittances, donations among others. It is measured as a percentage of GDP.<\/li>\n<\/ul>\n<p><strong>Current Account\u00a0<\/strong>= Trade gap + Net current transfers + Net income.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 abroad<\/p>\n<ul>\n<li><strong>Why does Current account matter?\u00a0<\/strong>Current account balance measures the external strength or weakness of an economy.<\/li>\n<li>A current account surplus implies the country is a net lender to the rest of the world, while a deficit indicates it is a net borrower.<\/li>\n<li>A country with rising Current Account Deficit(CAD) shows that it has become uncompetitive, and investors are not willing to invest there. They may withdraw their investments.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: The Indian Express News:\u00a0The current account surplus moderated to $15.5 billion (2.4% of GDP) in the quarter ended September of 2020-21 from $19.2 billion (3.8% of GDP) in the first quarter this fiscal.The current account saw a deficit of $7.6 billion(1.1%) in the year-ago quarter. Facts: Why has current account surplus narrowed?\u00a0The narrowing of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/current-account-surplus-moderates-to-15-5-bn-in-q2\/\">Continue reading <span class=\"screen-reader-text\">Current account surplus moderates to $15.5 bn in Q2<\/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":[9],"tags":[1284,1354,1530],"class_list":["post-75001","post","type-post","status-publish","format-standard","hentry","category-public","tag-eco_2","tag-eco_3","tag-gdp_national_income_updates","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704944377},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/75001","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=75001"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/75001\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=75001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=75001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=75001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}