Today news
About the same in other media
India's FY24 CAD reduces to 0.7% of GDP from 2% in FY23, records surplus of 0.6% in Q4
Reading now: 598
trade deficit, the Reserve Bank of India said on Monday.
Foreign portfolio investment saw a net inflow of $44.1 billion in FY24 after recording an outflow of $5.2 billion in FY23. Meanwhile, net FDI inflow reduced to $9.8 billion in FY24, down from $28 billion seen in FY23.
India's foreign exchange reserves saw an accretion of $63.7 billion in FY24 on a Balance of Payment basis, the RBI said in its statement.
The south Asian country reported a current account surplus of 0.6 per cent of GDP in the final quarter of FY24, up from a deficit of 1 per cent of GDP in Q3FY24 and 0.2 per cent of GDP in Q4FY23. Merchandise trade deficit in Q4 stood at $50.9 billion, lower than $52.6 billion seen in Q4FY23.
(More to come)
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Indian teen, who faked father’s death for full scholarship, gets deported from US economictimes.indiatimes.com /4 months ago
Delhi faces rain fury; records highest rainfall in 88 years economictimes.indiatimes.com /4 months ago
Higher demand from US, Turkey, UAE, Saudi Arabia drive engineering exports in May: EEPC India economictimes.indiatimes.com /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
