Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEconomyCAD to remain moderate at 2.7% in FY15: Rohini Malkani

    CAD to remain moderate at 2.7% in FY15: Rohini Malkani

    The compression in the trade deficit is likely to bring down CAD to 2.7 percent of GDP in FY14. This factors in the possibility of lower remittances in H2FY14 arising from the surge in FCNR deposits and rising un-official gold imports, says Rohini Malkani of Citigroup.

    December 12, 2013 / 08:49 IST

    Rohini Malkani of Citigroup maintains her view that trade deficit will narrow to USD 166.2 billion in FY14 from USD 195.7 billion last year."

    "The compression in the trade deficit is likely to bring down current account deficit (CAD) to 2.7 percent of GDP in FY14. This factors in the possibility of lower remittances in H2FY14 arising from the surge in FCNR deposits and rising un-official gold imports," she adds.

    She expects CAD to remain moderate at 2.7 percent of GDP in FY15 as well.

    first published: Dec 12, 2013 08:49 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai