WebIndia’s external debt stock at end March, 2012 stood at US $ 4 billion recording an increase of US $ 39.5 billion (12.9%) over end march 2011 level of US $. 305.9 billion (1365929 crore). The rise in external debt is largely due to higher NRI deposits, short term debt and commercial borrowings. Recently, an American financial services company Morgan Stanley has predicted that the Current Account Deficitwill widen to a 10-year high of 3% of GDP in FY23. See more

Fiscal Policy - INSIGHTSIAS

WebRapid economic growth, high growth of agriculture and allied sector, and the manufacturing sector, growth in exports and imports, improvement in trade and current account deficit. to undertake an annual average growth of 5.6%: Ninth Five year Plan 1997-2002: It achieved a GDP growth rate of 5.4%, lower than the target. WebApr 4, 2024 · Balance of Payments is made up of 3 components. Current Account – Deals with inflow and outflow of goods and services between countries. Capital Account – … dwt fotos

What is Current Account Deficit? - Definition

WebThe current account deficit is an important signal of competitiveness and the level of imports and exports. A large current account deficit usually implies some kind of … WebJun 30, 2024 · The Reserve Bank of India said the current account balance swung into the surplus territory on the back of a sharp contraction in the trade deficit to $102.2 billion from $157.5 billion in 2024-20. WebCurrent Status-. Balance of payments showed a surplus of $3.4 billion in the fourth quarter of the financial year 2024/21, compared with a surplus of $18.8 billion a year earlier. FDI inflows- Despite the pandemic, the net foreign direct investment inflows at $44 billion were higher in FY21 than the $43.0 billion in 2024-20. crystalloid therapy