current account deficit

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

New Delhi, March 28 The near-term outlook remains uncertain, with external shocks, particularly the West Asia crisis, posing downside risks to growth through elevated input costs and potential supply disruptions, the Finance Ministry said in a report on Saturday.However, the report said...

New Delhi, March 25 S&P Global Ratings on Wednesday raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment, and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy...

New Delhi, March 20 The International Energy Agency (IEA) has advocated a set of immediate demand-side measures, including working from home, lower speed limits, and reduced air travel, to mitigate the impact of a historic global oil supply shock triggered by disruptions in the Middle East.Oil...

Mumbai, March 10 An escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists, according to a report by ICRA.The rating agency said it expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6...

New Delhi, March 9 India could face an additional foreign currency outflow of USD 7-8 billion per month due to the surge in international energy prices, following the conflict in West Asia, raising concerns over inflation and the current account deficit, analysts said.While crude oil prices...

Mumbai, March 6 The rupee remained within a range throughout the session on Friday and closed 6 paise lower at 91.70 (provisional) against the US dollar, resisting pressure from inflated crude oil prices and suspected RBI intervention.According to forex experts, heavy selling in domestic...

New Delhi, March 6 India could face pressure on the rupee, higher inflation, and a widening current account deficit if the escalating Middle East conflict drives up energy prices and disrupts supplies, given its heavy dependence on crude and LNG imports from the region, according to Moody's...

New Delhi, March 5: Rising geopolitical tensions linked to the Iran conflict could significantly increase India's oil import bill and put pressure on the rupee, said former NITI Aayog CEO Amitabh Kant on Thursday.In a post on X, Amitabh Kant, who currently serves as a senior advisor to global...

Mumbai, March 5 Corporate earnings in India could face downside risks if the ongoing Iran conflict persists for more than a few weeks, as higher oil and gas prices threaten to weigh on the economy and markets, according to a report by Kotak Institutional Equities."We expect some downside risk...

According to Crisil Ratings, a prolonged war in the Middle East could adversely affect several Indian sectors with direct trade exposure to the region, including basmati rice, fertilizers, diamond polishing, airlines, and travel operators.The rating agency said that sectors dependent on...

New Delhi, March 4 Shares of oil marketing companies and paint manufacturers declined for the second consecutive day on Wednesday, as the deepening conflict in West Asia pushed crude oil prices higher.The stock of Hindustan Petroleum Corporation Ltd fell by 5.41 per cent, Bharat Petroleum...

Mumbai, March 4 Benchmark stock indices Sensex and Nifty closed more than 1 per cent lower on Wednesday, in line with a weak trend in Asian markets as the conflict in West Asia intensified, driving up oil prices.Falling for the fourth consecutive session, the 30-share BSE Sensex plunged...

Mumbai, March 4 Indian government bond yields rose to nearly a three-week high on Wednesday afternoon, tracking a sharp increase in global crude oil prices amid escalating tensions in the Middle East.The yield on the benchmark 10-year government security rose to 6.7112 percent, its highest...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...

Mumbai, February 24 High, stable, and accelerating growth, along with more predictable economic outcomes, have become the hallmarks of the Indian economy, according to Reserve Bank of India Deputy Governor Poonam Gupta.Delivering the 14th Foundation Day Lecture of the Centre for Development...

New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday attributed the rising gold prices to heavy purchases by central banks globally, and said the government and RBI are closely monitoring the imports of precious metals, although they are not at an "alarming proportion".During...

New Delhi, February 18 – According to media reports, Pakistan's economic situation is likely to deteriorate in 2026 as geopolitical headwinds are reappearing.There is visible friction in the relationship between Pakistan and the UAE, as evidenced by the monthly rollover of UAE deposits at a...