Current account deficit dips to 1.2% of GDP

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India's current account deficit fell to 1.2% of GDP in Q2 FY25, down from 1.3% the previous year, despite a worsening trade deficit driven by higher gold imports.

Services exports rose significantly to $44.5 billion, helping offset the larger trade gap.

This was despite significant worsening of the trade deficit.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: India

Topics: Trade deficit India India current account deficit Merchandise trade deficit Business news Remittance inflows India Services exports growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 04:21:59 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24702395

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 11 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #28

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