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Current account deficit News, Articles and Videos Current account deficit is the difference between a country’s total imports and exports. A country is said to have a current account deficit if it imports more goods, services, and investments than it exports. This is a reflection of the country’s negative balance of payments. A current account deficit can be caused by a number of factors, including a low savings rate, high levels of consumption, or large investments abroad. In some cases, a current account deficit can be a sign of economic strength, as it can indicate that a country is a net importer of goods, services, and capital. However, if a country’s current account deficit persists for an extended period of time, it can become unsustainable and lead to economic problems.
India's trade deficit narrows and services exports increase, prompting economists to lower the current account deficit (CAD) estimates for FY24. Capital inflows are expected to improve, but the rupee may not strengthen as the central bank aims to boost reserves. April-January period sees lower net services exports and improved FDI flows.
MANILA – The Philippines’ current account deficit is seen narrowing to $5.8 billion in 2025, or 1.1% of gross domestic product (GDP), from a projected deficit for this year of $6.1 billion, or -1.3% of GDP, the central bank said on Friday. The Bangko Sentral ng Pilipinas’ (BSP) previous forecast of current account deficit for […]
Easing current account deficit and rising foreign exchange reserves reinforce India's improving external position. The current account balance is likely to clock a marginal surplus in the ongoing quarter, with a deficit of sub-1% for the full year. India's current account balance recorded a deficit of $10.5 billion (1.2% of GDP) in Q3 FY24, lower than $11.4 billion (1.3% of GDP) in Q2 FY24, according to data published by the RBI on Tuesday.
Nirav Sheth is optimistic about corporate India's earnings trajectory but mentions India may be in potential bubble territory. The market has continued to gain for eighth year running and it is time to moderate expectations for next year. The market is forward-looking, focusing on structural stories. Sheth also talked about inflation control and the impact of current account deficit . He also said he was terribly bullish on the trajectory of the economy for the next several years
Remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India's gross domestic product (GDP).
THE PHILIPPINES will continue to post large deficits for the current account and budget this year due to an expected increase in rice imports and infrastructure spending, Nomura Global Markets Research said. “We expect the current account deficit (CAD) to remain large and fiscal consolidation targets to be challenging this year,” it said in a […]