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Goldman Sachs revises India's current account deficit forecast to 1.3% from 1.9% of GDP

Goldman Sachs says in 2024, a reduction in Indias current account deficit can be attributable to a 0.7% reduction in oil trade deficit, 0.2% increase in services trade surplus, 0.2% increase in non-oil trade deficit and 0.1% reduction in primary income
Goldman Sachs Economic Research Goldman Sachs Government Bond Index Reserve Bank West Asia Indias Current Account Deficit

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current account deficit: India's current account deficit narrows to 1 per cent of GDP at $ 8.3 bn in Q2 FY24

Indias current account deficit (CAD) for the July-September quarter of fiscal 2023-24 narrowed to $8.3 billion, constituting 1% of the GDP. This is a decline from the $9.2 billion or 1.1% of GDP reported in the preceding quarter. The improvement is attributed to a reduced merchandise trade deficit, which contracted to $61.0 billion from $78.3 billion in the same quarter the previous year.
Reserve Bank Current Account Deficit Reserve Bank Of India

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