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TMI BlogFactors Responsible for Widening of Current Account DeficitX X X X Extracts X X X X X X X X Extracts X X X X ..... Factors Responsible for Widening of Current Account Deficit X X X X Extracts X X X X X X X X Extracts X X X X ..... count deficit (CAD) narrowed down to 0.7 per cent of GDP from 1.1 per cent of GDP in 2015-16. Quarterly data on India's CAD are given in Table 1. Table 1: India's Current Account Balance Quarters CAD (US$ billion) CAD as Per cent of GDP 2015-16 Q1 -6.1 -1.2 2015-16 Q2 -8.5 -1.7 2015-16 Q3 -7.1 -1.4 2015-16 Q4 -0.3 -0.1 2016-17 Q1 -0.4 -0.1 2016-17 Q2 -3.4 -0.6 2016-17 Q ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 -8.0 -1.4 2016-17 Q4 -3.4 -0.6 Source: India's Balance of Payments Statistics The widening of the CAD in Q4 of 2016-17 on a year-on-year (y-o-y) basis was on account of a higher trade deficit (US$ 29.7 billion) due to a larger increase in merchandise imports relative to exports. High increase in imports of Petroleum, Oil & Lubricants (POL) and gold & silver imports led to the rise in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imports in Q4 of 2016-17. Despite the widening in Q4 of 2016-17, the CAD is low and within manageable limits. The Government and the RBI closely monitor the emerging external economic situation including CAD and calibrate policies on an on-going basis.
This was stated by Shri Arjun Ram Meghwal, Minister of State for Finance in written reply to a question in Rajya Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X ..... lease - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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