India’s current account deficit

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: EMMANUAL YOGINI “With India’s current account deficit (CAD) declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. …

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India’s external debt rises to $629.1 billion at end-June 2023: RBI

September 28, 2023 admin

At end-June 2023, long-term debt (with original maturity of above one year) was placed at $505.5 billion. File | Photo Credit: K. Pichumani India’s external debt at end-June 2023 was placed at $629.1 billion, recording an increase of $4.7 billion over its level at end-March 2023 according to data released by the Reserve Bank of…

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