City
Epaper

India's Jan-March current account deficit narrows to 0.2 pc of GDP

By ANI | Updated: June 27, 2023 18:05 IST

New Delhi [India], June 27 : India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data ...

Open in App

New Delhi [India], June 27 : India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.

India's CAD decreased to USD 1.3 billion (0.2 per cent of GDP) during the quarter from USD 16.8 billion (2.0 per cent of GDP) in the October-December quarter and USD 13.4 billion (1.6 per cent of GDP) a year ago January-March 2022.

The trade deficit moderated to USD 52.6 billion in October-December 2022-23 from USD 71.3 billion in October-December 2022-23.

For the entire year 2022-23, the country's current account recorded a deficit of 2.0 per cent as compared with a deficit of 1.2 per cent in 2021-22 as the trade deficit widened to USD 265.3 billion from USD 189.5 billion a year ago.

A current account deficit is when a country's total value of imports exceeds the total value of exports. The CAD numbers are a key indicator for any economy.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: CADindiaDisney IndiaNew DelhiAll India Majlis E Ittehadul MuslimeenCommunist Party Of India MarxistIndia TodayAir Asia IndiaAsia IndiaFifa U 17 World Cup IndiaAll India Football Federation
Open in App

Related Stories

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Final

NationalRajnath Singh and Abdeltif Loudiyi Sign MoU on Defence Cooperation; Focus on Counter-Terrorism, Cyber Security, and Maritime Safety (Watch Video)

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Super 4 Clash

MumbaiNamo Yuva Yatra: Milind Soman Flags Off Campaign in Mumbai, Says ‘Theme of a Drug-Free India Is Very Important’ (Watch Videos)

CricketIND-W vs AUS-W, 3rd ODI: Australia Women Win Toss, Opt to Bat Against India in Series Decider; Check Playing XIs

Business Realted Stories

Business91 online govt services restored after data centre fire in S. Korea

BusinessCentre receives Rs 12.83 lakh crore in receipts up to August this fiscal

BusinessDedicated team within ICAR to conduct sugarcane research: Shivraj Singh Chouhan

BusinessCentre extends Unified Pension Scheme switch deadline till Nov 30

BusinessLPG connections in India have jumped to over 33 crore in last 11 years: Hardeep Puri