![]() “On a year-on-year basis, although gold imports halved, and the services trade surplus rose, this improvement was dwarfed by the widening of the merchandise trade deficit led by imports of commodity inputs such as crude oil, coal and fertilisers, as well as electronic goods,” Ms. “The current account deficit printed well below our forecast of $16 billion in Q4 FY2022 benefiting from higher than expected secondary income,” said Aditi Nayar, chief economist at rating agency ICRA. Net Foreign Portfolio Investment (FPI) recorded an outflow of $16.8 billion in 2021-22 as against an inflow of $36.1 billion a year earlier.įor the January-March 2022 quarter, the CAD narrowed on a sequential basis to $13.4 billion, or 1.5% of GDP, against $22.2 billion, or 2.6% of GDP, in the December 2021 quarter. Net Foreign Direct Investment (FDI) inflows at $38.6 billion in 2021-22 were lower than $44 billion in 2020-21. Net invisible receipts were higher in 2021-22 on account of an increase in net exports of services and net private transfer receipts though net income outgo was higher than a year ago. “The current account balance recorded a deficit of 1.2% of GDP in 2021-22 as against a surplus of 0.9% in 2020-21 as the trade deficit widened to $189.5 billion from $102.2 billion a year ago,” the RBI said in a release. India recorded a current account deficit (CAD) of 1.2% of GDP in 2021-22 against a surplus of 0.9% in 2020-21 as the trade deficit widened to $189.5 billion from $102.2 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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