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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 - News and Press Release Dated:- 8-8-2017 - News - India s current account deficit (CAD) at US$ 3.4 billion (0.6 per cent of GDP) in Q4 of 2016-17 was higher than US$ 0.3 billion (0.1 per cent of GDP) in Q4 of 2015-16 but narrowed from US$ 8.0 billion (1.4 per cent of GDP) in the preceding quarter. For 2016-17 full year, the current acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Q3 -8.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -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 incr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ease in imports of Petroleum, Oil Lubricants (POL) and gold silver imports led to the rise in 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, Min ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ister of State for Finance in written reply to a question in Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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