India’s Balance of Payments Position Improves, as Current Account Deficit Declines Further: Economic Survey https://www.taxtmi.com/news?id=22437 The Economic Survey 2019-20 records improved external stability, with a narrower Balance of Payments position and reduced Current Account Deficit, supported by net FDI, portfolio flows, ECBs and strong remittances; foreign reserves remained comfortable and external debt low relative to GDP, while trade composition shifts and declines in non POL non gold imports reflected weaker domestic demand. The Survey further highlights enhanced trade facilitation and logistics reforms-such as Direct Port Delivery/Entry, e Sanchit and customs modernization-to lower trade costs and bolster external resilience. en-us Fri, 31 Jan 2020 14:23:26 +0530 Fri, 31 Jan 2020 14:23:26 +0530 TaxTMI RSS Generator India’s Balance of Payments Position Improves, as Current Account Deficit Declines Further: Economic Survey https://www.taxtmi.com/news?id=22437 The Economic Survey 2019-20 records improved external stability, with a narrower Balance of Payments position and reduced Current Account Deficit, supported by net FDI, portfolio flows, ECBs and strong remittances; foreign reserves remained comfortable and external debt low relative to GDP, while trade composition shifts and declines in non POL non gold imports reflected weaker domestic demand. The Survey further highlights enhanced trade facilitation and logistics reforms-such as Direct Port Delivery/Entry, e Sanchit and customs modernization-to lower trade costs and bolster external resilience. News - Fri, 31 Jan 2020 14:23:26 +0530 https://www.taxtmi.com/news?id=22437