India’s current account deficit (CAD) narrowed sequentially to $8.3 billion, or 1 per cent of gross domestic product (GDP), in the quarter ended September (Q2FY24) due to lower merchandise trade deficit and growth in services exports.The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12.2 billion in the September 2023 quarter, from $11.8 billion a year ago.Private transfer receipts, mainly representing remittances from Indians employed overseas, amounted to $28.1 billion, an increase of 2.6 per cent year-on-year (Y-o-Y).Regarding the balance of payments (BoP) position in Q2FY24, there was an accretion of $2.5 billion to reserves, as opposed to a depletion of $30.4 billion in the year-ago period.
What role did N Valarmathi play in ISRO's rocket launches?
Which Life Insurance company has launched its dedicated 24X7 inbound contact centre to address before and after purchase queries related to comprehensiv...
In which location did the 2024 FIDE World Junior Chess Championship begin?
What is the name of the scheme launched in Uttar Pradesh to empower youth entrepreneurs, and how much has the government allocated in the budget for the...
What was the objective of Exercise Poorvi Lehar conducted by the Indian Navy on the East Coast?
Which of the following is the religious text of the Jews?
Brampton is in which country where for the first time a turbaned Sikh was appointed deputy mayor?
Hari Chand, a two-time Olympian and a double Asian Games gold medallist has recently passed away.He was associated with?
What is the significance of Rashtriya Chemicals and Fertilizers (RCF) being granted Navratna status by the government of India?
What is the main purpose of the Government of India's decision to increase the authorized capital of the Food Corporation of India (FCI)?
