Sunday, February 18, 2024

India's current account deficit likely at below 1% of GDP in FY24

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.

from Economy-News-Economic Times https://ift.tt/IsD2Rpv
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