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What is Current Account Deficit (CAD)

Current Account Deficit (CAD)

About Current Account Deficit (CAD)

What is Current Account Deficit (CAD)

Current Account Deficit (CAD) is the shortfall between the money received by selling products to other countries and the money spent to buy goods and services from other nations. If the value of goods and services we import exceeds the value of those we export, the country is said to be in a deficit, and the difference in the two values is CAD.
 
The current account includes net income, including interest and dividends, and transfers, like foreign aid.
 
India’s current account position is largely on the deficit side because of the country's dependence on oil imports. In the quarter ended September 2019,
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Latest Updates on Current Account Deficit (CAD)

CAD may touch nine-year-high in Q1FY23 as net exports soar

India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22

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Updated On : 02 Sep 2022 | 2:44 PM IST

India's current account deficit narrows to $1.4 bn in December quarter

The CAD is a critical indicator of the macroeconomic health and represents the gap between the overall foreign exchange expended and received in the economy.

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Updated On : 12 Mar 2020 | 8:40 PM IST

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

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Updated On : 10 Mar 2020 | 3:07 AM IST

Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion

The Central government's total expenditure stood at Rs 21.09 trillion (75.7 per cent of BE) while total receipts were Rs 11.77 trillion (56.6 per cent of BE)

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Updated On : 01 Feb 2020 | 6:55 AM IST