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Tag: CURRENT ACCOUNT DEFICIT

Slower IT, tourism growth hurts India’s trade balance with RoW

2023-09-292023-09-29 | Sanjay Kumar
Slower IT, tourism growth hurts India’s trade balance with RoW

India’s current account deficit (CAD) rose sharply to $9.2 billion in the first quarter (April-June) of this year from $1.3 billion in the preceding, January-March, quarter. However, on a year-on-year basis, there was some good news, as it represented a fall from the $17.9 billion seen in the same quarter last year, according to data […]

SOCIETYCURRENT ACCOUNT DEFICIT ECONOMY MACROECONOMIC INDICATORS TRADE DEFICIT

India stuck in low consumption, low investment phase: Ind-Ra

2020-01-222020-01-22 | Sanjay Kumar
India stuck in low consumption, low investment phase: Ind-Ra

India Ratings, a unit of Fitch Group, has predicted that India’s GDP growth will not return to the 6% or 7% rate in the next financial year due to structural problems, but will show a slight improvement over the current year. The current year, which will end on March 31, is likely to see a […]

FIRST ON RTN SOCIETYCURRENT ACCOUNT DEFICIT ECONOMY FITCH GDP INDIA RATINGS INTERNATIONAL TRADE TRADE DEFICIT

RUPEE FALL: Piyush Goyal says no knee jerk reaction, blames international factors

2018-06-292018-06-29 | Trisha Thomas
RUPEE FALL: Piyush Goyal says no knee jerk reaction, blames international factors

India’s finance minister Piyush Goel has blamed international factors for the current decline in the rupee’s value against the dollar, and said India’s financial situation is much improved from the UPA days. “All our macro economic indicators are strong,” Goyal said. “But on the international scene, there have been announcements on oil and on Iran, […]

FIRST ON RTN SOCIETYCURRENT ACCOUNT DEFICIT INTERNATIONAL TRADE MACROECONOMIC INDICATORS RUPEE

Suresh Prabhu to announce revised export policy, targets at 4 PM today

2017-12-052017-12-05 | Sanjay Kumar
Suresh Prabhu to announce revised export policy, targets at 4 PM today

India’s comerce and industry minister Suresh Prabhu and his deputy will announce a ‘revised’ foreign trade policy for the country at 4 PM today, the government said. The current Foreign Trade Policy, which sets long-term targets for exports growth, trade gap and so on, was announced in 2015 and aimed to take India’s exports from […]

SOCIETYCURRENT ACCOUNT DEFICIT EXPORTS GOVERNMENT INCENTIVES & SOPS INTERNATIONAL TRADE TRADE DEFICIT

PAPER GOLD: Govt raises Rs 820 cr in fifth tranche of sovereign gold bond scheme

2016-09-222016-09-22 | Sanjay Kumar
PAPER GOLD: Govt raises Rs 820 cr in fifth tranche of sovereign gold bond scheme

The amount realised through the 5th Tranche of Sovereign Gold Bond (SGB) Scheme, is expected to cross Rs. 820 crore, the ministry of finance said. This was mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold. “These numbers are likely to go-up further as the receiving offices are still in the process […]

BUSINESS FINANCE SOCIETYBANKS BUDGET CURRENT ACCOUNT DEFICIT FOREIGN TRADE GOLD GOVERNMENT TRADE DEFICIT

Government finance dragging down India’s credit profile – Moody’s

2015-03-11 | Deepti Rajan
Government finance dragging down India’s credit profile – Moody’s

The Indian government’s poor financial condition is the weakest aspect of India’s credit profile, international ratings agency Moody’s has said, adding that state-owned banks’ poor assets are another area of concern. On the other hand, strong private savings and growth are positive aspects to the Indian economy, Moody’s added. “Government finances are the weakest aspect […]

BUSINESS FINANCE SOCIETYCREDIT RATINGS CURRENT ACCOUNT DEFICIT ECONOMY MOODY'S

Traders oppose India’s move to curb gold imports again

2014-11-192014-11-19 | Deepti Rajan
Traders oppose India’s move to curb gold imports again

All India Gems and Jewellery Federation (GJF), the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has urged the Union Finance Minister Arun Jaitley to avoid re-imposing curbs on gold imports as it could spell doom for the gems and jewellery sector. The GJF […]

BUSINESSCURRENT ACCOUNT DEFICIT FOREIGN TRADE GOLD TRADE DEFICIT

$100 oil will keep India’s current account deficit under control – Crisil Research

2014-10-16 | Prashant Duggal
$100 oil will keep India’s current account deficit under control – Crisil Research

Crisil Research has cut its forecast for current account deficit this financial year to $32 bln, or 1.55 of GDP, from $47 bln, or 2.2% of GDP, due to the sudden fall in oil prices. A country’s dealings with the rest of the world is divided into the current account and the capital account. Current […]

UNCLASSIFIEDCURRENT ACCOUNT DEFICIT ECONOMY FOREIGN TRADE MACROECONOMIC INDICATORS TRADE DEFICIT
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