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india's cad triples to 1.9% in q4 year-on-year, pegged at 1.6% in fy18

india's cad triples to 1.9% in q4 year-on-year, pegged at 1.6% in fy18 Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



india's cad triples to 1.9% in q4 year-on-year, pegged at 1.6% in fy18

the country’s current account deficit (cad) rose to $13 billion (~ 878 billion and 1.9 per cent of gross domestic product, or gdp) in the fourth and final quarter (q4 of 2017-18), compared to $2.6 billion (~176 billion and 0.4 per cent of gdp) in the same period of 2016 -17. it, however, moderated marginally from $13.7 billion (2.1 per cent of gdp) in the third quarter (october to december 2017), stated the reserve bank of india. for the full financial year (2017-18), the deficit increased to 1.9 per cent of gdp, from 0.6 per cent in 2016-17. the trade deficit rose to $160 billion, from $112.4 billion in 2016-17.net services receipts increased by 8.8 per cent over the year; software earnings was a contributor. private transf...