New Delhi, June 23 -- India Ratings and Research (Ind-Ra) expects the country's current account balance (CAB) to have registered a surplus of around USD7 billion (0.7 per cent of GDP) in the fourth quarter of recently concluded financial year 2024-25, higher than USD 4.6 billion (0.5 per cent of GDP) in the corresponding quarter of 2023-24.
CAB was in surplus, after a gap of three quarters in January-March 2025 quarter.
The global trading order is up for a complete reset with the announcement of reciprocal tariffs by the US in early April 2025.
Notwithstanding the pause in the tariff order thereafter, the global economic uncertainty has touched unprecedented levels with the various business and investment decisions being weighed down a...
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