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13
June 2018
 |
CAD
(The Total Investment & Insurance Solutions)
The January-March quarter
recorded a current account deficit of $13 billion or 1.9 per cent of GDP
compared to 0.4 per cent in the same quarter of last year.
The rise in current account deficit - which is the excess of country's imports of goods and services over its exports- can be attributed to a spike in the crude oil prices which forms a major portion of India's imports.
Goldman Sachs had, in its report, flagged higher crude oil prices as a risk to the CAD. The Total Investment & Insurance Solutions
The rise in current account deficit - which is the excess of country's imports of goods and services over its exports- can be attributed to a spike in the crude oil prices which forms a major portion of India's imports.
Goldman Sachs had, in its report, flagged higher crude oil prices as a risk to the CAD. The Total Investment & Insurance Solutions
"Our commodities team
expects oil prices to continue to rise over the course of this summer, before
moderating slightly at the end of the year. We recently increased our 2018-19
current account deficit (CAD)forecast to 2.4 per cent of GDP (from 2.1 per cent
of GDP earlier)," Goldman Sachs said in a research note. The Total Investment & Insurance
Solutions
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