https://www.taxtmi.com/news?id=26127 India's external sector is resilient due to export growth across key sectors, policy measures to nurture comparative advantage, and macro buffers. The Survey notes rising imports from revived activity and commodity prices but emphasises that services surpluses and remittances mitigate external pressures. It projects the Current Account Deficit to remain manageable and highlights the promotion of rupee invoicing and settlement via special Rupee Vostro accounts as a measure to reduce foreign exchange dependence, alongside comfortable external debt ratios and substantial forex reserves acting as shock absorbers. en-us Tue, 31 Jan 2023 14:20:13 +0530 Tue, 31 Jan 2023 14:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26127 India's external sector is resilient due to export growth across key sectors, policy measures to nurture comparative advantage, and macro buffers. The Survey notes rising imports from revived activity and commodity prices but emphasises that services surpluses and remittances mitigate external pressures. It projects the Current Account Deficit to remain manageable and highlights the promotion of rupee invoicing and settlement via special Rupee Vostro accounts as a measure to reduce foreign exchange dependence, alongside comfortable external debt ratios and substantial forex reserves acting as shock absorbers. News - Tue, 31 Jan 2023 14:20:13 +0530 https://www.taxtmi.com/news?id=26127