https://www.taxtmi.com/news?id=3237 The current account deficit is financed by capital account surplus and, if that is insufficient, by drawdown of foreign exchange reserves; capital flows include equity (FDI and portfolio) and debt (external commercial borrowings, external assistance, banking capital and short term trade credit). Recent increases in external debt were mainly due to higher external commercial borrowings and short term debt, reflecting moderation in capital inflows and a wider trade deficit. en-us Tue, 08 May 2012 18:36:28 +0530 Tue, 08 May 2012 18:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3237 The current account deficit is financed by capital account surplus and, if that is insufficient, by drawdown of foreign exchange reserves; capital flows include equity (FDI and portfolio) and debt (external commercial borrowings, external assistance, banking capital and short term trade credit). Recent increases in external debt were mainly due to higher external commercial borrowings and short term debt, reflecting moderation in capital inflows and a wider trade deficit. News - Tue, 08 May 2012 18:36:28 +0530 https://www.taxtmi.com/news?id=3237