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Business News | Current Account Deficit Expected to Reach Year s High of 1 2 % of GDP in FY24 Third Quarter, Predicts Ratings Agency

Get latest articles and stories on Business at LatestLY. According to a press release, this forecast represents a marginal increase from the previous quarter's deficit of 1.0 per cent of GDP and marks a year's high, surpassing the deficit recorded in the corresponding quarter of the previous fiscal year (3QFY23: USD16.8 billion, 2.0 per cent of GDP). Business News | Current Account Deficit Expected to Reach Year's High of 1.2 % of GDP in FY24 Third Quarter, Predicts Ratings Agency.

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Current Account Deficit expected to reach year s high of 1 2 % of GDP in FY24 third quarter, predicts ratings agency

In 3QFY24, merchandise exports experienced a year-on-year growth of 1.1 per cent, driven by demand from key markets such as the US, the UAE, and the Netherlands. Get more India News and Business News on Zee Business.

Paras jasraiSunil kumar sinhaResearch indIndia ratingsGross domestic productKumar sinhaPrincipal economistPurchasing manager indexSenior analyst

India to transition to middle-income economy by FY36; hit $15 trillion mark by FY47

India s economy is projected to become an upper middle-income country, reaching a $15 trillion mark by FY47. Achieving sustained high growth rates and overcoming challenges posed by global demand and trade are crucial for India s transition to a developed economy.

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India may transform into an upper middle income economy by FY33-36: India Ratings and Research

Listing out various scenarios, the agency said that to become a $5 trillion economy by FY30 with per capita income of $ 3,467, the economy would require a real GDP growth rate of 6.25%, GDP deflator growth 3.5% and INR/USD depreciation 3.25%. But to transform to a $5 trillion economy by FY2029 with capita income of $ 3,530, real GDP growth per annum would have to be faster at 8%.

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Coal imports surge, exceeding FY23 shipments amidst rising power demand

Coal imports surge, exceeding FY23 shipments amidst rising power demand
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