ADVERTISEMENT
Daily Expert News
No Result
View All Result
Wednesday, July 9, 2025
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home Business

Current account deficit increases to 2.8% of GDP in Q1 2022-23: RBI

by Nick Erickson
September 29, 2022
in Business
Reading Time: 1 min read
129 4
0
Current Account Deficit Widens To 2.8% Of GDP In Q1 Of 2022-23: RBI
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


India’s current account surplus was $6.6 billion.

Bombay:

India’s current account deficit, a key indicator of its balance of payments position, widened to 2.8 percent of GDP to $23.9 billion in the first quarter of the current fiscal year, mainly due to a wider trade deficit.

According to the data released by the Reserve Bank on India’s balance of payments during the first quarter (April-June) of 2022-2023, the current account balance in the first quarter showed a deficit of USD 23.9 billion (2.8 percent of GDP). , an increase of USD 13.4 billion (1.5 percent of GDP) in the January-March period of the last fiscal year.

India’s current account surplus was $6.6 billion, equivalent to 0.9 percent of GDP in the first quarter (April-June) of 2021-2022.

The current account deficit in Q1:2022-23 was driven by the increase in the trade deficit of USD 68.6 billion from USD 54.5 billion in Q4:2021-22 and an increase in net spending of investment income,” according to the RBI.

It also said net services revenue rose, both sequentially and year on year (yoy), as a result of rising computer and business services exports.

(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)

Tags: accountcurrentDailyExpertNewsdeficitGDPincreasesRBI

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Business

Access refused

July 6, 2025
Business

Access refused

July 5, 2025
Business

Access refused

July 3, 2025
Business

Access refused

July 3, 2025
Business

Access refused

July 3, 2025
Business

Access refused

July 1, 2025
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
menu

Virat Kohli jokes about test cricket -pension, talks about his age: “You know it's time when …” | .

July 9, 2025
Wanting a meteor that rates do not cause inflation

Wanting a meteor that rates do not cause inflation

July 9, 2025
menu

I have chatgpt my training sessions planned for 5 months. It has completely transformed my fitness trip Mint

July 9, 2025
menu

Donkey Route Case: Ed Raids 11 locations in Punjab and Haryana – What we know so far | Today News

July 9, 2025

Recent News

menu

Virat Kohli jokes about test cricket -pension, talks about his age: “You know it's time when …” | .

July 9, 2025
Wanting a meteor that rates do not cause inflation

Wanting a meteor that rates do not cause inflation

July 9, 2025

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2023

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2023

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?