Cad

Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline. Exports to America have risen around 22 percent on-year so far in this fiscal till July, which is higher than the trend of 17-18 percent growth rate.

Crude poised for sharp surge amid geopolitical volatility

So far in June, crude prices have rallied 24 percent to reach $75 per barrel, building on a 4 percent gain in May. The Strait of Hormuz—a strategic chokepoint that handles nearly 20 percent of global oil flows—is now at the center of concern, with markets pricing in potential supply disruptions.

Current account deficit narrows marginally to 1.2% of GDP in Q2FY25

However, during the first half of the current fiscal (April-September), the current account deficit remained flat at 1.2 percent or $21.4 billion on a year-on-year basis.

Can India weather the impact of geopolitical challenges on trade in FY25 as it did last year?

The narrowing of India's trade deficit in FY24 is largely attributed to a reduction in net imports of oil, chemicals, ores and minerals. But the recent uptick in crude prices owing to the flare-up in the conflict in the Middle East may pose a risk to the country's external balances going ahead.

India's current account deficit narrows to $10.5 billion in October-December

For the April-December period of the ongoing financial year, India’s current account deficit moderated to 1.2 percent of GDP from 2.6 percent in the corresponding period a year ago on the back of a lower merchandise trade deficit.

Rupee trades down at 83.19 a dollar amid mixed trend in Asian currencies

The Indian current account deficit for July- September 2023-24 fell to $ 8.3 billion as compared to a deficit of $ 30.9 billion in the same period last year and $ 9.2 billion in the previous quarter

India's current account deficit narrows to $8.3 billion in July-September

For the first half of 2023-24, India's current account deficit more than halved to $17.5 bn from $48.8 bn in April-September 2022, Reserve Bank of India data showed.

No current account concerns yet despite October trade deficit shocker

India's merchandise trade deficit hit an all-time high of $31.46 billion in October as gold imports nearly doubled from last year. But economists remain untroubled and are sticking to their full-year forecasts for the current account deficit

Remittances hit 4-quarter low in April-June, but no issues seen in CAD financing

According to data released on September 28 by the Reserve Bank of India, India's Current Account Deficit surged to $9.2 billion in the first quarter of 2023-24

Current account deficit surges to $9.2 billion in June quarter

In the January-March quarter, India's current account deficit was $1.3 billion, the Reserve Bank of India said

India’s CAD concerns make a comeback as crude climbs, trade gap worsens

A sharp sequential uptick in goods imports driven by a pick-up in inbound shipments of oil led to an increase of nearly 17 percent in India’s merchandise trade deficit in August compared to July.

Non-IT service exports can wipe out current account deficit in 2-3 years: Neelkanth Mishra

Modern services are non-IT services, basically consulting jobs that are being done out of India or parts of consulting jobs being done out of India or engineering or high-end technical services.

Rupee trades marginally higher against US dollar

The home currency got a boost after India's current account deficit for the March quarter of FY23 narrowed amid moderation in the trade deficit

Rupee closes flat against US dollar

India's current account deficit in March quarter stood at $1.3 billion against surplus expected by economists.

Poll suggests positive current account balance for India in Jan-Mar period

The latest survey of 22 economists showed the current account balance likely recorded a surplus of $3.3 billion, or 0.4% of gross domestic product (GDP), in the last quarter of the 2022/23 fiscal year.

Global financial turmoil: Why India is giving ‘safe zone vibes’

Despite the rate hikes by Fed and US banking turmoil, FPI flows into equities have been on an upswing since March this year.

Indian companies invested CAD 6.6 billion in Canada creating thousands of jobs: Report

The report 'From India to Canada: Economic Impact and Engagement' launched by Union Commerce and Industry Minister Piyush Goyal during his visit to the city is the first known attempt to capture Indian Industry's growing Canadian presence.

Worst of CAD behind India as economists cut forecasts after positive Q3 data

India's current account deficit narrowed more-than-expected to $18.2 billion in the last quarter of 2022

Current account deficit shrinks to $18.2 billion in Oct-Dec period

As a percentage of GDP, October-December current account deficit is 2.2 percent compared to 3.7 percent in July-September and 2.7 percent in October-December 2021

India current account deficit likely narrowed to 2.7% of GDP in Q4: Poll

The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of gross domestic product (GDP). Forecasts ranged from $15.0-$28.0 billion, or 2.0%-3.2% of GDP.

Indian exports likely to show recovery trends from second half of FY24: Fitch Ratings

“We are expecting modest recessions in Europe, US, but by the second half of the year, the worst of it will start to fade and we should be on a path of recovery when it comes to exports. But there will be a very gradual recovery in exports."

RBI Governor Shaktikanta Das says India's CAD 'eminently manageable'

RBI Governor Shaktikanta Das said core inflation remains sticky even though headline numbers softened in the months of November and December.

Budget 2023 can announce measures to curtail increasing CAD: Sources

India’s current account deficit widened to $36.4 billion or 4.4 of GDP in the third quarter of 2022, from $18.2 billion or 2.2 percent of GDP in the second quarter

Current account deficit widens to a 9-year high at 4.4% of GDP

As a percentage of GDP, India's July-September CAD is 4.4 percent compared to 2.2 percent in April-June and 1.3 percent in July-September 2021

FY23 CAD may mildly moderate to 3.3% as imports fall, exports stall

Falling exports and commodity prices will also help the country print in a moderate CAD at USD 24-26 billion in Q3FY23 from a likely high of USD31-34 billion in Q2FY23.