12/11/2018 Current account deficit widens to 2.

9% of GDP in Q2
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Current account deficit widens to 2.9% of

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India's current account deficit (CAD) widened

to 2.9 per cent of the GDP in the second
quarter of the fiscal compared to 1.1 per cent
in the year-ago period, mainly due to a large
trade deficit, the RBI said Friday. Most Read Most Shared Most Commented

Reveal Rs 2,000, Rs 500 notes printed in

The CAD, or the difference between outflow November 2016: CIC
and inflow of foreign exchange in the
Your neighbourhood sweet shop could become a
country's current account, was USD 19.1 restaurant to dodge GST
billion during the quarter ended September
China warns Canada of consequences if it does not
The CAD has increased to 2.7 per cent of GDP in first 30, 2018. release Huawei CFO
half of 2018-19 from 1.8 per cent in the corresponding
period of 2017-18 on the back of widening of the trade Krishnamurthy Subramanian: ISB professor is
deficit.
It increased from USD 6.9 billion or 1.1 per India's new chief economic advisor
cent of GDP in the second quarter of 2017-18.
Candour of Krishnamurthy Subramanian: Inside the
The CAD stood at USD 15.9 billion (2.4 per cent of GDP) in the April-June quarter. mind of the new CEA

More »
"India's current account deficit (CAD) at US$ 19.1 billion (2.9 per cent of GDP) in Q2 of
2018-19 increased from US$ 6.9 billion (1.1 per cent of GDP) in Q2 of 2017-18 and US$
15.9 billion (2.4 per cent of GDP) in the preceding quarter," the RBI said. Top Trending News
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The CAD has increased to 2.7 per cent of GDP in first half of 2018-19 from 1.8 per cent in NPS Exit Polls 2018 GST Chennai News
the corresponding period of 2017-18 on the back of widening of the trade deficit. Mutual Funds How to Save Income Tax
Income Tax Slabs Income Tax Returns Aadhaar Card

As per the central bank, the widening of the CAD on a year-on-year basis was primarily on GST Rates Aadhaar Chandrababu Naidu

account of a higher trade deficit at USD 50 billion as compared to USD 32.5 billion a year
ago.

https://economictimes.indiatimes.com/news/economy/indicators/current-account-deficit-widens-to-2-9-of-gdp-in-q2/articleshow/66989457.cms?utm_s… 2/17
12/11/2018 Current account deficit widens to 2.9% of GDP in Q2

RBI's
Home preliminary
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on India's balance of payments
Banking/Finance (BoP) for Energy
Cons. Products July-September 2018-19
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further revealed
Railways that net services
Airlines / Aviation receipts increased
Shipping / Transport Roadways by 10.2 per cent on a y-o-y basis,
mainly on the back of a rise in net earnings from software and financial services.

Private transfer receipts, mainly representing remittances by Indians employed overseas,

amounted to USD 20.9 billion during the quarter, increasing by 19.8 per cent from their
level a year ago.

In the financial account, net foreign direct investment at USD 7.9 billion in the second
quarter of 2018-19 moderated from USD 12.4 billion in the similar period of last fiscal. Govt vs. RBI: So, you think it was
a draw?
RBI said portfolio investment recorded net outflow of USD 1.6 billion as compared to an
inflow of USD 2.1 billion in the second quarter last year on account of net sales in both the Rana Kapoor’s undoing
debt and equity markets.

This Huawei arrest is a tactical

Further, net receipts on account of non-resident deposits increased to USD 3.3 billion in Trump response
the second quarter of 2018-19 from USD 0.7 billion a year ago.
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In July-September this fiscal, there was a depletion of USD 1.9 billion of the foreign
exchange reserves (on BoP basis) as against an accretion of USD 9.5 billion in the year
ago period. Not to be Missed
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Union minister of state for human resource Reveal Rs 2,000, Rs 500 notes printed in
development Upendra Kushwaha, today, November 2016: CIC
resigned from the Union Council of Ministers. Your neighbourhood sweet shop could become a
and is all set to resign from the Union Council restaurant to dodge GST
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