RSS India's Current Account Deficit Widens Slightly in Q3 2024

Currently reading:
 RSS India's Current Account Deficit Widens Slightly in Q3 2024

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
9,909
Likes
1,923
Credits
33,507©
Cash
0$
India's current account deficit as a percentage of GDP slightly widened in the third quarter of 2024, the latest data released on December 27, 2024, indicates. The deficit reached -1.20% of GDP, marking a small increase from the -1.10% recorded in the second quarter of the year.

This quarter-over-quarter comparison highlights the modest change in India's external balance. Analysts watching India's economy might find this marginal shift noteworthy as it reflects ongoing adjustments in trade and capital flows. The widening deficit can be attributed to a variety of factors, including fluctuations in import and export dynamics, shifts in global commodity prices, or changing patterns in international investment flows.

The move from -1.10% to -1.20% does not represent a major departure but suggests a persistent pressure on India's current account balance. Observers will be keenly watching subsequent quarters to see whether this trend stabilizes or if additional measures might be required to address the current account dynamics in a rapidly evolving global economic landscape.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom