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India's first quarter CAD narrows to 0.2 pc of GDP: RBI
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....ndia's first quarter CAD narrows to 0.2 pc of GDP: RBI<BR>FEMA / RBI<BR>Dated:- 1-9-2025<BR>PTI<BR>Mumbai, Sep 1 (PTI) India's current account deficit (CAD) narrowed to 0.2 per cent of GDP, or USD 2.4 billion, during the April-June period of 2025-26 compared to 0.9 per cent of the GDP, or USD 8.6 billion, in the year-ago period, helped by services exports, the RBI said on Monday. In the precedin....
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....g January-March quarter, the current account was in a surplus of USD 13.5 billion (1.3 per cent of GDP). "India's current account balance recorded a deficit of USD 2.4 billion (0.2 per cent of GDP) in Q1:2025-26 as compared with USD 8.6 billion (0.9 per cent of GDP) in Q1:2024-25 and against a surplus of USD 13.5 billion (1.3 per cent of GDP) in Q4:2024-25," according to India's balance of payme....
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....nts (BoP) data. Current account reflects a country's overseas earnings and expenditures. Merchandise trade deficit at USD 68.5 billion in the first quarter (Q1) of 2025-26 was higher than USD 63.8 billion in Q1, 2024-25. However, net services receipts increased to USD 47.9 billion in Q1, 2025-26 from USD 39.7 billion a year ago. Services exports have risen on a year-on-year basis in major ca....
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....tegories such as business services and computer services. Similarly, personal transfer receipts, mainly representing remittances by Indians employed overseas, rose to USD 33.2 billion in Q1, 2025-26 from USD 28.6 billion in Q1, 2024-25. In the financial account, foreign direct investment (FDI) recorded a net inflow of USD 5.7 billion in Q1, 2025-26 as compared to a net inflow of USD 6.2 billio....
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....n a year ago, according to the BoP. Further, foreign portfolio investment (FPI) recorded a net inflow of USD 1.6 billion in Q1, 2025-26 as compared to a net inflow of USD 0.9 billion in Q1, 2024-25. The RBI said net inflows under external commercial borrowings (ECBs) to India amounted to USD 3.7 billion in Q1, 2025-26, as compared to USD 1.6 billion in the corresponding period a year ago. NR....
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....I deposits recorded a lower net inflow of USD 3.6 billion during the quarter under review as against USD 4 billion in Q1, 2024-25, it said. The net outgo on the primary income account, primarily reflecting payments of investment income, increased to USD 12.8 billion in Q1, 2025-26 from USD 10.9 billion in Q1, 2024-25, according to the data. PTI DP NKD TRB<BR> News - Press release - PIB....