BeYourMoneyManager, आपका पैसा, आप संभालें, Your Money, You Manage: Current Account Deficit

सीएडी यानी चालू खाता घाटा (Current Account Deficit) वित्त वर्ष 2017-18 की जनवरी-मार्च (चौथी तिमाही) में साल दर साल के आधार पर बढ़ी है जबकि तिमाही दर तिमाही के आधार पर घटी है। यह 2016-17 की चौथी तिमाही में यह 2.6 अरब अमेरिकी डॉलर (GDP का 0.6%) था जो कि 2017-18 की इसी तिमाही में बढ़कर 13 अरब अमेरिकी डॉलर (GDP का 1.9%) पर पहुंच गया। हालांकि, वित्त वर्ष 2017-18 की तीसरी तिमाही
में यह 13.7 अरब अमेरिकी डॉलर (GDP का 2.1%) था।
((फाइनेंस का फंडा: भाग-23, बढ़ता CAD क्यों बढ़ाता तनाव?

चालू खाता घाटे में इस बढ़ोतरी में सबसे अधिक योगदान दिया है व्यापार घाटे ने। इस दौरान व्यापार घाटा 41.6 अरब अमेरिकी डॉलर पर पहुंच गया। ऐसा निर्यात के मुकाबले आयात में बढ़ोतरी के कारण हुआ। आरबीआई ने इस बारे में ताजा आंकड़े जारी किए हैं।

Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March 2017-18 are presented in Statements I (BPM6 format) and II (old format).

Key Features of India’s BoP in Q4 of 2017-18

India’s current account deficit (CAD) at US$ 13.0 billion (1.9 per cent of GDP) in Q4 of 2017-18 increased from US$ 2.6 billion (0.4 per cent of GDP) in Q4 of 2016 -17, but moderated marginally from US$ 13.7 billion (2.1 per cent of GDP) in the preceding quarter.
The widening of the CAD on a year-on-year (y-o-y) basis was primarily on account of a higher trade deficit (US$ 41.6 billion) brought about by a larger increase in merchandise imports relative to exports.
Net services receipts increased by 8.8 per cent on a y-o-y basis mainly on the back of a rise in net earnings from software services and other business services.
Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to US$ 18.1 billion, increasing by 15.1 per cent from their level a year ago.
In the financial account, net foreign direct investment at US$ 6.4 billion in Q4 of 2017-18 was higher than US$ 5.0 billion in Q4 of 2016-17.
Portfolio investment recorded net inflow of US$ 2.3 billion in Q4 of 2017-18 – as compared with an inflow of US$ 10.8 billion in Q4 last year – on account of moderation in net purchases in both the debt and equity markets.
Net receipts on account of non-resident deposits amounted to US$ 4.6 billion in Q4 of 2017-18 as compared with US$ 2.7 billion a year ago.
In Q4 of 2017-18, there was an accretion of US$ 13.2 billion to the foreign exchange reserves (on BoP basis) as compared with an accretion of US$ 7.3 billion in Q4 of 2016-17 (Table 1).

BoP during 2017-18

For the full year, the CAD increased to 1.9 per cent of GDP in 2017-18 from 0.6 per cent in 2016-17 on the back of a widening of the trade deficit.
India’s trade deficit increased to US$ 160.0 billion in 2017-18 from US$ 112.4 billion in 2016-17.
Net invisible receipts were higher in 2017-18 mainly due to increase in net services earnings and private transfer receipts.
Gross FDI inflows to India increased to US$ 61.0 billion in 2017-18 from US$ 60.2 billion in 2016-17.
Net FDI inflows in 2017-18 moderated to US$ 30.3 billion from US$ 35.6 billion in 2016-17.
Portfolio investment recorded a net inflow of US$ 22.1 billion in 2017-18 as compared with US$ 7.6 billion a year ago.
In 2017-18, there was an accretion of US$ 43.6 billion to the foreign exchange reserves (on a BoP basis).

Table 1: Major Items of India's Balance of Payments
(US$ Billion)
	January-March 2018 P			January-March 2017 PR			2017-18 P			2016-17 PR
	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
A. Current Account	156.7	169.7	-13.0	139.4	141.9	-2.6	592.4	641.0	-48.7	522.2	536.5	-14.4
1. Goods	82.2	123.8	-41.6	77.4	107.1	-29.7	309.0	469.0	-160.0	280.1	392.6	-112.4
Of which:
POL	10.6	33.0	-22.4	9.0	25.6	-16.6	37.5	108.6	-71.1	31.5	87.0	-55.4
2. Services	51.6	31.4	20.2	41.8	23.3	18.5	195.1	117.5	77.6	164.2	95.9	68.3
3. Primary Income	4.8	12.6	-7.8	4.5	10.0	-5.6	18.9	47.5	-28.7	16.3	42.6	-26.3
4. Secondary Income	18.1	1.9	16.2	15.7	1.5	14.2	69.4	6.9	62.5	61.5	5.5	56.0
B. Capital Account and Financial Account	171.5	159.7	11.8	145.1	142.1	3.0	643.6	595.9	47.8	551.9	537.1	14.8
Of which:
Change in Reserve (Increase (-)/Decrease (+))	0.0	13.2	-13.2	0.0	7.3	-7.3	0.0	43.6	-43.6	0.0	21.6	-21.6
C. Errors & Omissions (-) (A+B)	1.3		1.3		0.5	-0.5	0.9		0.9		0.5	-0.5
P: Preliminary; PR: Partially Revised
Note: Total of subcomponents may not tally with the aggregate due to rounding off. (स्रोत-आरबीआई)

चालू खाता घाटा (CAD)अक्टूबर-दिसंबर 2017-18 के दौरान बढ़ा, GDP का 2% पर पहुंचा
(('बिना प्रोफेशनल ट्रेनिंग के शेयर बाजार जरूर जुआ है'

((शेयर बाजार: जब तक सीखेंगे नहीं, तबतक पैसे बनेंगे नहीं!
((जानें वो आंकड़े-सूचना-सरकारी फैसले और खबर, जो शेयर मार्केट पर डालते हैं असर
म्युचुअल फंड के बदल गए नियम, बदलाव से निवेशकों को फायदा या नुकसान, जानें विस्तार से
((फाइनेंशियल प्लानिंग (वित्तीय योजना) क्या है और क्यों जरूरी है?
((ये दिसंबर तिमाही को कुछ Q2, कुछ Q3 तो कुछ Q4 क्यों बताते हैं ?
((कैसे करें शेयर बाजार में एंट्री
((सामान खरीदने जैसा आसान है शेयर बाजार में पैसे लगाना

(खुद के पैसे, खर्च करें कैसे; जानें 50:30:20 फॉर्मूले से

((खुद का खर्च कैसे मैनेज करें?

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- पढ़ें बेटी तुम बहादुर ही बनना
-पढ़ें बेटा हमारा दौलतमंद बनेगा
-पढ़ें आपका पैसा, आप संभालें
-पढे जब सपने बन जाते हैं मार्गदर्शक

(बच्चों को फाइनेंशियल एजुकेशन क्यों देना चाहिए पर हिन्दी किताब- बेटा हमारा दौलतमंद बनेगा)
((मेरा कविता संग्रह "जब सपने बन जाते हैं मार्गदर्शक"खरीदने के लिए क्लिक करें

((निवेश, फाइनेंशियल प्लानिंग पर हिन्दी किताब 'आपका पैसा, आप संभालें' ऑनलाइन खरीदें

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चालू खाता घाटा , cad , Current Account Deficit

चालू खाता घाटा (CAD) ने बढ़ाई चिंता, जनवरी-मार्च 2017-18 के दौरान तीन गुना बढ़ा, GDP का 1.9% पर पहुंचा

Rajanish Kant बुधवार, 13 जून 2018

Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2017-18

Preliminary data on India’s balance of payments (BoP) for the second quarter (Q2), i.e., July-September 2017-18 are presented in Statements I (BPM6 format) and II (old format).

Key Features of India’s BoP in Q2 of 2017-18

India’s current account deficit (CAD) at US$ 7.2 billion (1.2 per cent of GDP) in Q2 of 2017-18 narrowed sharply from US$ 15.0 billion (2.5 per cent of GDP) in the preceding quarter, but was substantially higher than US$ 3.4 billion (0.6 per cent of GDP) in Q2 of 2016-17.
The widening of the CAD on a year-on-year (y-o-y) basis was primarily on account of a higher trade deficit (US$ 32.8 billion) brought about by a larger increase in merchandise imports relative to exports.
Net services receipts increased by 13.1 per cent on a y-o-y basis mainly on the back of a rise in net earnings from software services and travel receipts.
Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to US$ 17.4 billion, increasing by 14.7 per cent from their level a year ago.
In the financial account, net foreign direct investment at US$ 12.4 billion in Q2 of 2017-18 moderated from its level in Q2 of 2016-17.
Portfolio investment recorded net inflow of US$ 2.1 billion in Q2 of 2017-18, lower than US$ 6.1 billion in Q2 last year on account of net sale in the equity market.
Net receipts on account of non-resident deposits amounted to US$ 0.7 billion in Q2 of 2017-18, lower than US$ 2.1 billion a year ago.
In Q2 of 2017-18, there was an accretion of US$ 9.5 billion to the foreign exchange reserves (on BoP basis) as compared with US$ 8.5 billion in Q2 of 2016-17 and US$ 11.4 billion in the preceding quarter (Table 1).

BoP during April-September 2017 (H1 of 2017-18)

On a cumulative basis, the CAD increased to 1.8 per cent of GDP in H1 of 2017-18 from 0.4 per cent in H1 of 2016-17 on the back of widening of the trade deficit.
India’s trade deficit increased to US$ 74.8 billion in H1 of 2017-18 from US$ 49.4 billion in H1 of 2016-17.
Net invisible receipts were higher in H1 of 2017-18 mainly due to increase in net services earnings and private transfer receipts.
Net FDI inflows during H1 of 2017-18 moderated by 6.3 per cent over the level during the corresponding period of the previous year.
Portfolio investment recorded a net inflow of US$ 14.5 billion during H1 as compared with US$ 8.2 billion a year ago.
In H1 of 2017-18, there was an accretion of US$ 20.9 billion to foreign exchange reserves.

Table 1: Major Items of India's Balance of Payments
(US$ Billion)
	July-September 2017 P			July-September 2016			April-September 2017-18 P			April-September 2016-17
	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
A. Current Account	145.6	152.8	-7.2	127.7	131.1	-3.4	285.5	307.8	-22.2	252.6	256.5	-3.8
1. Goods	76.1	108.9	-32.8	67.4	93.0	-25.6	149.2	224.0	-74.8	134.0	183.5	-49.4
Of which:
POL	9.4	23.7	-14.3	7.6	20.5	-12.9	16.9	46.5	-29.6	14.4	39.5	-25.1
2. Services	47.4	29.0	18.4	40.9	24.6	16.3	93.3	56.6	36.7	80.3	48.2	32.0
3. Primary Income	4.6	13.0	-8.5	4.1	12.2	-8.1	9.4	23.6	-14.3	7.8	22.2	-14.4
4. Secondary Income	17.5	1.9	15.7	15.2	1.3	13.9	33.7	3.5	30.1	30.5	2.6	27.9
B. Capital Account and Financial Account	146.5	139.7	6.9	138.9	134.6	4.3	302.2	281.0	21.2	268.1	263.6	4.5
Of which:
Change in Reserve (Increase (-)/Decrease (+))	0.0	9.5	-9.5	0.0	8.5	-8.5	0.0	20.9	-20.9	0.0	15.5	-15.5
C. Errors & Omissions (-) (A+B)	0.4		0.4		0.9	-0.9	1.0		1.0		0.7	-0.7
P: Preliminary
Note: Total of subcomponents may not tally with aggregate due to rounding off.