Top Menu

Market Research
Search India Import/Export data to understand your markets and monitor your competition.

20+ Country Market Analysis Report

Export Import Market Report

demo

Find Sales Prospects
Instantly generate lists of potential customers based on trade activity.

Find Sales Prospects

Instantly generate lists of potential customers based on trade activity.

Request Sample Data

Evaluate Suppliers
Search for new suppliers, monitor existing ones and keep track of trends.

Access the world's largest and most comprehensive database of International trade. Whether you are looking to generate leads locally or expand your business globally, TRADE GENIUS has what your business needs.

SL2
DATA FROM 30+ COUNTRIES
Import and Export data from Globally, USA, UK, RUSSIA, and CHINA
SL2
Market Analysis Report
Based on Global Import Export Data
SL2
60,000,000+ SHIPMENTS
Records include product details, FOB values, HTS codes, and much more.
demo
Monitor Competitors
Tailor a solution specific to your industry, with deep expertise in Chemicals, Transportation, and more.
contact

Mail us: info@tradegeniusindia.com

Due to slowdown in services exports and remittances, Country’s current account deficit widens

20160728103017

In the December 2016 quarter, The Current account deficit (CAD) of the country increased even when the trade deficit was lower. Because of a slowdown in the international market and due to demonetization and deposits by non-resident and global Indians fell down this increase in CAD was seen because the services exports also dipped down.

In end of the December quarter, the capital flows also slowed and the net balance of payments saw a moderate deficit of $ 1.2 billion. In the December quarter, CAD expanded to $ 7.9 billion whereas in the same quarter of the previous year, it was $ 7.1 billion (the excess of imports of goods and services over exports in its external sector balance sheet is known as CAD).

In comparison with the same quarter of 2016-17 to October-December 2015-16, the trade deficit saw a moderate decrease from $34 billion to $ 33.3 billion.

Due to the strengthening of global oil prices, Crude imports from the country increased by about $1.7 billion (YoY). A from the previous year, remittances from Indians abroad has reduced3.8% and in the July-¬September 2015 quarter reached to $ 17.7 billion from $18.2 billion as per RBI. In comparison to last year, in the third quarter of current fiscal Net foreign direct investment is at $ 9.8 billion which is lower.

Hello. Add your message here.