For the last 2 years, economic growth average at 4.7%. Gross fixed investment has increased by 0.2% in 2013-14. Manufacturing output has decreased. Although economic growth is collapsing, an average inflation of 7.1% indicates stagflation. Current account deficit (CAD) has dropped by 1.8% driven by restriction on gold imports. Priorities of the new govt in the first … [Read more...] about Govt Should Restore Balance In Macroeconomy
Current Account Deficit (CAD)
Decline In Gold Import Narrows Trade Deficit
India’s gold imports have contracted by 40% after the govt put curbs in place and this has prompted the decline in trade deficit to about $10 billion. Exports grew 5.26% suggesting in a change in its earlier weak momentum. Imports also reduced by 15%. Current account deficit (CAD) was around 2% of gross domestic product due to slowing gold imports, inflation among … [Read more...] about Decline In Gold Import Narrows Trade Deficit
Govt Assures Of Steady Economic Growth
UPA government has said that Current account deficit (CAD) has been brought down to $32 billion and $28.5 billion has also been added to the reserves. Fiscal deficit has been contained within the target. Targets have been achieved in tax collection in the direct, but in indirect segments a net shortfall was seen in the central excise and service tax segments. Fiscal … [Read more...] about Govt Assures Of Steady Economic Growth
WTO Raises Outlook for Global Trade
According to WTO Forecast and Report: Global commerce to grow by 4.7% (it averaged 2.2% the last 2 years) Recovery in rich economies will reduce risks in developing economies. While Asia’s growth rates are spurging, china’s expansion is slowing. Risks have been mitigated in, Europe aided by the easing of eurozone risks, US because of easing of brinkmanship over budget … [Read more...] about WTO Raises Outlook for Global Trade