India’s BoP Position Improves Dramatically in 2013-14

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....ndia’s BoP Position Improves Dramatically in 2013-14 <br>News and Press Release<br>Dated:- 9-7-2014<br><BR>The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister....

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.... Shri Arun Jaitley, has noted that India's Balance of Payments (BoP) position improved dramatically in 2013-14, particularly in the last three quarters. This owed in large part to measures taken by th....

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....e Government and the Reserve Bank of India (RBI) and in some part, to the overall macroeconomic slowdown that fed into the external sector. Current account deficit (CAD) declined sharply from a record....

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.... high of US $ 88.2 billion (4.7 per cent of gross domestic product GDP) in 2012-13 to US $ 32.4 billion (1.7 per cent of GDP) in 2013-14. After staying at perilously unsustainable levels of well over ....

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....4.0 per cent of GDP in 2011-12 and 2012-13, the improvement in BoP position is a welcome relief and there is need to sustain the position going forward, the Survey noted.<BR> News - Press release - PI....

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