Current Account: GK, Current Affairs, Questions, Trivia and News

India’s CAD widens to 2.5% of GDP in 3rd Quarter

Current account deficit of India has widened  to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to ..

United Nations Conference on Trade and Development (UNCTAD) has expected India’s economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017

United Nations Conference on Trade and Development projects India’s economy to grow 7.0% in calendar year 2018 As per the report “Trade and Development”, the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors ..

India’s Balance of Trade

Read Here Background of India’s Foreign Trade The balance of trade or Net Exports is the difference between the monetary value of exports and imports of output in an economy over a certain period of time. It is the relationship between a nation’s imports and exports. A favorable balance of trade is known as a ..

What is Balance of Payments?

Balance of Payments (BOP) is a systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time, say one year. Structure of Balance of Payments The format of the balance of payments given below shows the important types of transactions that enter the balance of ..

Background of India’s Foreign Trade

1. India entered into planned development era in 1950’s and at that time Import Substitution was a major element of India’s trade and industrial policy.2. In 1950 India’s share in the total world trade was 1.78% which reduced to 0.6% in 1995. During 2003-04 India’s share in the global trade was 0.8%, in 2005 it ..