https://www.taxtmi.com/news?id=4461 The current account deficit widened in Q2 July-September 2012 as merchandise exports declined more steeply than imports, increasing the trade deficit; net invisibles-although supported by higher services receipts and moderate remittances-financed a smaller proportion of the trade shortfall because primary and secondary income flows were relatively smaller, raising the CAD to US$ 22.3 billion (about 5.4% of GDP). Financial account inflows improved with stronger FDI and portfolio flows which financed a large share of the CAD, yet reserves recorded a marginal drawdown on a BoP basis. en-us Mon, 31 Dec 2012 17:25:59 +0530 Mon, 31 Dec 2012 17:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4461 The current account deficit widened in Q2 July-September 2012 as merchandise exports declined more steeply than imports, increasing the trade deficit; net invisibles-although supported by higher services receipts and moderate remittances-financed a smaller proportion of the trade shortfall because primary and secondary income flows were relatively smaller, raising the CAD to US$ 22.3 billion (about 5.4% of GDP). Financial account inflows improved with stronger FDI and portfolio flows which financed a large share of the CAD, yet reserves recorded a marginal drawdown on a BoP basis. News - Mon, 31 Dec 2012 17:25:59 +0530 https://www.taxtmi.com/news?id=4461