Public TV EnglishPublic TV EnglishPublic TV English
  • Latest
  • States
    • Karnataka
      • Bengaluru
    • Andhra Pradesh
    • Kerala
    • Tamilnadu
    • Telangana
  • National
  • Politics
  • Entertainment
    • Bollywood
    • Hollywood
    • Sandalwood
    • Film
    • TV Shows
  • Lifestyle
  • Food
    • Veg
    • Non Veg
  • Technology
  • Fashion
  • World
Reading: India’s current account deficit widens in July-September quarter: RBI data
Notification Show More
Font ResizerAa
Public TV EnglishPublic TV English
Font ResizerAa
  • Latest
  • States
  • National
  • Politics
  • Entertainment
  • Lifestyle
  • Food
  • Technology
  • Fashion
  • World
Search
  • Latest
  • States
    • Karnataka
    • Andhra Pradesh
    • Kerala
    • Tamilnadu
    • Telangana
  • National
  • Politics
  • Entertainment
    • Bollywood
    • Hollywood
    • Sandalwood
    • Film
    • TV Shows
  • Lifestyle
  • Food
    • Veg
    • Non Veg
  • Technology
  • Fashion
  • World
Follow US
Business

India’s current account deficit widens in July-September quarter: RBI data

Public TV English
Last updated: December 29, 2022 10:17 pm
By Public TV English
Share
1 Min Read

MUMBAI: India’s current account balance recorded a deficit of $36.4 billion (4.4 per cent of GDP) in Q2 of 2022-23 (July-September), up from $18.2 billion (2.2 per cent of GDP)1 in Q1 (April-June), the RBI’s balance of payments (BoP) data showed on Thursday. The deficit was $9.7 billion (1.3 per cent of GDP) a year ago in the July-September quarter.

A current account deficit is when the total value of imports a country make exceeds the total value of exports. “Underlying the current account deficit in Q2:2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63.0 billion in Q1:2022-23 and an increase in net outgo under investment income”, the RBI said.

However, India’s services exports reported a growth of 30.2 per cent on a year-on-year basis on the back of rising exports of software, business and travel services. “Net services receipts increased both sequentially and on a y-o-y (year-on-year) basis”, the RBI said. (ANI)

You Might Also Like

Main accused in Soladevanahalli attack case has three prior cases against him

Bengaluru ATS in Chennai to quiz Malleswaram blast case accused Aboobaker

Hunsur youth arrested for wielding sword, popping wheelies for social media reels

Davanagere DC spots two-wheelers without number plates, gets traffic police to seized them

Tamil Nadu: Fire breaks out at paper godown in Madurai, 20 firefighters douse flames

Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram
Previous Article Proposed investments under auto sector PLI scheme overshoot target
Next Article Economy facing global headwinds, but fundamentals strong, says RBI report

Popular News

Three of Belagavi family die in suicide pact, one critical in hospital
Woman befriends high society women at kitty parties, dupes them of crores
Public TV EnglishPublic TV English