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Home»Business»Current account deficit widens to $11.5 billion in October-December quarter: RBI | Business News
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Current account deficit widens to $11.5 billion in October-December quarter: RBI | Business News

April 14, 2025No Comments2 Mins Read
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India’s present account deficit (CAD) widened to $11.5 billion, or 1.1 per cent of the gross home product (GDP), in October-December 2024 quarter led by a rise in merchandise commerce deficit, the Reserve Financial institution of India (RBI) knowledge confirmed.

Within the October-December 2023 quarter, the present account deficit stood at $10.4 billion, or 1.1 per cent of GDP.

In the course of the April-December 2024 interval, the present account deficit widened to $37 billion, or 1.3 per cent of GDP, from $ 30.6 billion (1.1 per cent of GDP) in the identical interval of 2023.

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The present account deficit is the distinction between exports and imports of products and companies. It’s a key indicator of the nation’s exterior sector.

In Q3 FY2025, merchandise commerce deficit elevated to $79.2 billion from $71.6 billion in the identical interval of the earlier fiscal.

Web companies receipts elevated to $51.2 billion within the third quarter of the present fiscal, in comparison with $45 billion a 12 months in the past. Providers exports have risen on a year-on-year foundation throughout main classes equivalent to enterprise companies, laptop companies, transportation companies and journey companies.

In the course of the reporting quarter, private switch receipts, primarily representing remittances by Indians employed abroad, rose to $35.1 billion, as towards $30.6 billion in Q3 FY2024.

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Within the monetary account, international direct funding recorded a internet outflow of $2.8 billion in Q3 FY2025 as towards an influx of $4 billion within the corresponding interval of 2023-24, the RBI knowledge confirmed.

Overseas portfolio funding recorded a internet outflow of $11.4 billion as towards an influx of $12 billion in Q3 FY2024. Web inflows underneath exterior industrial borrowings (ECBs) to India amounted to $4.3 billion within the reporting quarter, as towards an outflow of $2.7 billion within the corresponding interval a 12 months in the past.

Non-resident deposits (NRI deposits) recorded a internet influx of $3.1 billion, decrease than $3.9 billion a 12 months in the past.

On a steadiness of funds (BoP) foundation, there was a depletion of $37.7 billion to the international alternate reserves in Q3 FY 2024-25, as towards an accretion of $6 billion in Q3 2023-24.



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