WebJun 2, 2024 · 4) India suffers from an overall trade/current account deficit. Select the correct answer using the code given below: (a) 1 and 2 only (b) 2 and 4 only (c) 3 only (d) 1, 3 and 4 only. Answer: (d) 1, 3 and 4 only. Learning Zone: Merchandise trade deficit is the largest component of India’s Current Account Deficit (CAD). As per RBI’s data ... WebApr 8, 2024 · Please update the app whenever you receive a notification from the Google Play Store. If you have any technical or content-related queries, please call us on 9319290700, 9319290701 or 9319290702. You may also email us your queries at [email protected]. We look forward to you joining us for your IAS …
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WebJun 30, 2024 · The Reserve Bank of India said the current account balance swung into the surplus territory on the back of a sharp contraction in the trade deficit to $102.2 billion from $157.5 billion in 2024-20. phil irving repco brabham
India’s balance of payments - INSIGHTSIAS
WebLatest Update – In 2024-22, the government has not provided a target for the next three years and will amend the FRBM Act to accommodate the higher fiscal deficit. The fiscal deficit is targeted at 6.8% of GDP in 2024-22, down from the revised estimate of 9.5% in 2024-21 (4.6% in 2024-20). In the Union Budget 2024 speech, the Finance Minister has … WebAccording to preliminary government data, India's trade deficit in goods increased from USD 9.98 billion in March 2024 to USD 14.11 billion in March 2024. India's merchandise exports were USD 34.0 billion in March 2024, up from USD 21.49 billion in March 2024, a 58.23 percent increase. Indian exports surpassed USD 34 billion in March 2024 for ... WebApr 27, 2024 · Current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the goods and services it exports. The current account ... try guys food babies