India: Q1 CAD widened to 4.9% of the GDP; BoP in marginal deficit

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Rajesh Desai

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Oct 1, 2013, 7:39:58 AM10/1/13
to LONGTERMINVESTORS, library-of-eq...@googlegroups.com, DAILY REPORTS, globalspeculators





  • CAD widened to 4.9% of the GDP in Q1'FY2014 as compared to 4.0% of the GDP in Q1'FY2013.

  • Capital account surplus widened on improved FDI flows.

  • On a BoP basis, there was a drawdown of USD0.3bn in Q1'FY2014.

  • We expect CAD to narrow further; though financing conditions remain challenging.

  • From the medium to long term perspective, steps need to be taken to narrow the CAD, through efforts to boost exports sector performance. In this regard, enhancing productivity through higher investment in the manufacturing sector will be a crucial step.



    Please refer to the attached document for the detailed report






    Regards,
    ICICI Bank : Treasury Research

    Contact:

    Samir Tripathi
    022-2653-7233 

 



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CA. Rajesh Desai
DRA3092013.pdf
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