India’s CAD declines to 0.7 per cent of GDP as economy gets stronger
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
India recent economic indicators paint a mixed picture, marked by a noteworthy reduction in the current account deficit (CAD) alongside persistent challenges in the trade balance.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Amidst several parameters going askew for the Indian economy, two ~ its current account deficit and its sliding rupee ~…
India’s gold imports more than doubled to $13.35 billion during the April-July period of the current fiscal, according to the…
