Tag: services exports

CAD widens marginally on widening trade deficit
Posted in Economy

CAD widens marginally on widening trade deficit

India’s current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the same period…

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The Reserve Bank of India reported a current account deficit of $9.7 billion for April-June, driven by a $65.1 billion merchandise trade deficit. Net services receipts increased to $39.7 billion, while remittances rose, supporting future export growth.(Reuters)
Posted in Business

India’s current account deficit gap widens in April-June: RBI

India’s current account deficit widened on-year in the April-June quarter, largely due to a higher merchandise trade deficit, the central bank said on Monday. The…

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Commerce ministry plans collaboration with other ministries to push services exports
Posted in Economy

Commerce ministry plans collaboration with other ministries to push services exports

New Delhi: The commerce ministry is planning to focus on 12 champion sectors more cohesively to push services sector exports, a senior official said on…

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Economists lowering forecasts for India’s current-account shortfall, thanks to favorable trade trends.(Reuters)
Posted in Business

Rupee finds temporary ease as India’s current account deficit shrinks

Economists are lowering their forecasts for India’s current-account shortfall, thanks to favorable trade trends that are proving to be a blessing for the rupee —…

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India's goods, services exports may cross USD 750 bn this fiscal: Piyush Goyal
Posted in Economy

India’s goods, services exports may cross USD 750 bn this fiscal: Piyush Goyal

New Delhi: India’s goods and services exports are expected to cross USD 750 billion this fiscal despite the global economic uncertainties, Commerce and Industry Minister…

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