{"id":86409,"date":"2020-01-01T14:53:46","date_gmt":"2020-01-01T09:23:46","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12651"},"modified":"2020-01-01T14:53:46","modified_gmt":"2020-01-01T09:23:46","slug":"current-account-deficit-improves-to-0-9-of-gdp-in-july-september-quarter-says-rbi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/current-account-deficit-improves-to-0-9-of-gdp-in-july-september-quarter-says-rbi\/","title":{"rendered":"Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI"},"content":{"rendered":"\n<p><strong>News:<\/strong>According to Reserve Bank of India data,India\u2019s current account deficit (CAD) has narrowed to 0.9% of GDP($ 6.3 billion).<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>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.<\/li><li>The private transfer receipts mainly representing remittances by Indians employed overseas has increased to $ 21.9 billion increasing by 5.2% from their level a year ago.<\/li><li>However,economists have claimed that the improvement in current account deficit was not sustainable.&nbsp;<\/li><li>This is because the trade deficit is lower primarily because imports have fallen at a faster rate than exports due to weak manufacturing activity and lower imports of raw materials and capital goods.<\/li><\/ul>\n\n\n\n<p><strong>About Current Account Deficit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The current account measures the flow of goods, services and investments into and out of the country.<\/li><li>There is a deficit in Current Account if the value of the goods and services imported exceeds the value of those exported.<\/li><\/ul>\n\n\n\n<p><strong>Current Account Deficit <\/strong>= Trade gap + Net current transfers + Net income abroad<br><\/p>\n\n\n\n<p><strong>Trade Gap<\/strong>= Exports \u2013 Imports<br><\/p>\n\n\n\n<p><strong>Significance of Current account Deficit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Current account balance measures the external strength or weakness of an economy.<\/li><li>A current account surplus implies the country is a net lender to the rest of the world while a current account deficit indicates it is a net borrower.<\/li><li>For the Current Account Deficit in India, crude oil and gold imports are the primary reasons behind high CAD.&nbsp;<\/li><li>The Current Account Deficit could be reduced in India by boosting exports and curbing non-essential imports such as gold, mobiles and electronics.<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:According to Reserve Bank of India data,India\u2019s 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&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/current-account-deficit-improves-to-0-9-of-gdp-in-july-september-quarter-says-rbi\/\">Continue reading <span class=\"screen-reader-text\">Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3417],"class_list":["post-86409","post","type-post","status-publish","format-standard","hentry","category-economy","tag-current-account-deficit","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86409","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=86409"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86409\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}