Page 6 - Current Account Deficit

Standard Chartered raises India's current account deficit estimate to 3.8%

The British bank raised its CAD forecast for fiscal year ending March 2023 to 3.8% of India's GDP from its earlier estimate of 3.0%

India's overall forex reserves to shrink further this year: Deutsche Bank

India's overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said

Nomura raises India's CAD estimate on fears of slowdown in export

Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances

India keen to settle sovereign bonds domestically to help with CAD

JPMorgan, this week, has sought views from the investors on whether it should include India's sovereign bonds in its GBI-EM Global Diversified Bond Index or not

India sees sharp decline in IT sector's ability to fund trade deficit

A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit

CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra

India's economy is predicted to overtake that of the US by 2048, said Patra

Concerns over runaway inflation and CAD seem to have tapered off

India poised to be world's fastest growing economy this year

Trade imbalance

External sector needs careful management

India's trade deficit likely to remain above $20 billion: Barclays

India's trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said

Pakistan's current account deficit rises to 4-year high of $17.4 bn in FY22

The State Bank of Pakistan (SBP) on Wednesday reported that the country recorded a CAD of USD 17.406 billion in FY22 compared to a gap of just USD 2.82 billion in FY21.

Rupee crossing 80 to the dollar is nothing to be startled about

While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle

India can weather turbulence without damage to credit ratings: S&P

India is likely to lead the region with 7.3 per cent growth in 2022-23 after the GDP grew 8.7 per cent in 2021-22, said the rating agency

CAD expected to deteriorate in FY23 on costlier imports: FinMin report

With regard to corporate sector, the report said, it has begun to show signs of revival with robust growth in net sales in the quarter ending March 2022, assisted by a general recovery in demand

CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome

If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem

Taper tantrum playbook key for RBI as rupee continues slide to record lows

The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened

Trading gains

Rupee settlement will increase flexibility

TMS Ep212: Tata renewables, Pronab Sen, markets, current account deficit

Is Tata copying Adani, Reliance with its green turn? What's Pronab Sen's take on the state of economy? Will retail stocks survive the wave of inflation? What is current account deficit? Answers here.

What is the current account deficit?

Japanese brokerage Nomura recently said that India's current account deficit could widen to 3.3% of GDP in FY23 from 1.2% in the previous fiscal. But what is current account deficit? Let's understand

Lessons from the Raj: Whether it is gold or salt, higher duties don't work

The problem of gas in Europe, oil in the US and gold in India is a lifestyle problem. High taxes and import duties aren't going to solve it

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days