MUMBAI: India's current account deficit narrowed to 1.2% of GDP in Q2 FY25, slightly below the 1.3% in the year-ago period, according to RBI data. This was despite significant worsening of the trade deficit. In absolute terms, the CAD declined to $11.2 billion in Q2 FY25 from $11.3 billion in the same period last year, supported by robust services exports and remittance inflows. The merchandise trade deficit expanded to $75.3 billion, up from $64.5 billion a year ago, driven by higher gold imports. Services exports increased to $44.5 billion in Q2 FY25 from $39.9 billion in Q2 FY24, offsetting pressures from the widening trade gap.
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Start a Conversation
Post comment