India Economy Update - Current Account On Track For A Surplus In January 2024-March 25: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.India’s current account deficit narrowed to 0.9% of gross domestic product in CY23 (from 2.4% of GDP in CY22), as the merchandise trade deficit shrank to 6.9% of GDP in CY23 (from 8% of GDP in CY22), and the net services and incomes surplus widened to 6% of GDP in CY23 (from 5.6% of GDP in CY22).Data for goods and services trade in January-February 2024 suggest current account surpluses for both months, with a widening likely in March 2024, resulting in a likely current account surplus of 1% of GDP in Q4 FY24, and a small CAD of 0.6% of GDP for FY24E.The steady widening of the services trade surplus, and a further narrowing of the merchandise deficit (as the 7.5% YoY export recovery of January-February 2024 gathers momentum) is likely to result in a current account surplus of 0.5% of GDP in FY25E.Foreign portfolio inflows are likely to be strong in H1 FY25 amid India’s likely inclusion in the benchmark emerging markets bond index..Click on the attachment to read the full report:.Indian Motor Insurance - Favorable Auto Sales Mix Driving Premium Growth: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

India Economy Update - Current Account On Track For A Surplus In January 2024-March 25: ICICI Securities

REER is appreciating, so Reserve Bank of India unlikely to countenance stronger INR.

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India Economy Update - Current Account On Track For A Surplus In January 2024-March 25: ICICI Securities

REER is appreciating, so Reserve Bank of India unlikely to countenance stronger INR.

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