Page 2 - India's Current Account Deficit

India Q2Fy22 current account deficit at 1.3% of GDP, likely to widen

Central bank says the deficit is mainly due to widening of trade gap and an increase in net outgo of investment income.

India's current account deficit narrows to 0.2% of GDP in December qtr

In the current fiscal, the current account had been in surplus in the previous two quarters, at USD 15.1 billion and USD 19 billion, respectively, as per the data

India's growth rate to fall to 6%, will recover to 7.2% in 2022: World Bank

In 2018-19, it stood at 6.8%, down from 7.2% in the 2017-18 financial year

Govt mulls duty hike for car parts, hi-tech imports to bridge CAD

Ministry wants to avoid knee-jerk action, take time to think over levy increase

CAD more than doubles to $7.2 bn: RBI data

India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion