New Delhi: India's merchandise exports plummeted by 3% to $437 billion in the previous fiscal year, despite a fourth-quarter uptick.
India's current account deficit reduces to $10.5 billion in Dec qtr: RBI
New Delhi: India's current account deficit lessened to $10.5 billion or 1.2 percent of the GDP in the October-December quarter, from $11.4 billion in the preceding three months and $16.8 billion a year earlier, Reserve Bank of India (RBI) said on Tuesday.
FM Sitharaman aims to bring down fiscal deficit amid global economic turmoil
New Delhi/IBNS: India aims to narrow its budget deficit by 50 basis points even as the country is forced to spend more on food and energy owing to the war in Ukraine, media reports said.
Gold Savings accounts can reduce India's bulging current account deficit
New Delhi/IBNS: India is likely to introduce Gold Savings account (GSA) in the upcoming budget to change the preferred buying pattern of purchasing gold in its physical form to check the towering current account deficit.
India's current account balance once again in deficit over high import bills
New Delhi/IBNS: India has recorded a deficit in its current account balance in July-September 2021 owing to a higher merchandise imports.