Cad

Iran war could widen India’s CAD if crude prices stay elevated, warn analysts

The West Asia conflict has renewed concerns about volatility in global energy markets and its implications for large oil-importing economies such as India

Budget FY27: Gold import duty unlikely to be changed amid stable CAD outlook

The government has tightened checks on 'mis-declared' gold and platinum imports. The basic customs duty on the yellow metal has been cut from 15% to 6% in July 2024

Front-loaded exports, softer oil prices may cushion India’s current account deficit from Trump’s tariffs

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.