India’s current account saw a deficit of $23 billion or 2.7% of the gross domestic product (GDP) in Q3FY22. The gap since the second quarter of Q2FY19, mainly owing to a widening of the merchandise trade deficit to an unprecedentedly high $60 billion. December quarter also witnessed net portfolio outflows of $1.6 billion. In Q2FY22, the current account deficit (CAD) came in at a moderate 1.3% of GDP, while the account had a surplus of 0.9% of GDP in the previous quarter. The capital account had a surplus of only $23.2 billion in Q3FY22, compared with $40.4 billion in the previous quarter and $33.5 billion in the year-ago quarter. Financial account, net foreign direct investment recorded an inflow of $5.1 billion. Portfolio investment recorded net outflow of $5.8 billion. India recorded a current account deficit of 1.2% of GDP in April-December 2021.
Consider the following statements in regards to Budget 2023-24 (Education Sector):
1. Funds allocated Rs 1.13-lakh crore for the education sector...
In January-2023, 'Young Professionals Scheme' was started between India and which country?
Consider the following statements about Panchayat Development Index:
1. Recently, Union Minister of State for Panchayati Raj informed Lok...
As per the National Mental Health Survey (NMHS) conducted in 2015-16, ______ % girls were getting married below the legal age, while _____ % of girls be...
The aegis of National Mission on Education through Information and Communication Technology (NMEICT), National Digital Library of India (NDLI) is a proj...
Prime Minister Narendra Modi virtually inaugurated an ‘MSME Technology Centre’ in ___________.
________ plans to invest Rs 30,000 crore in the next three years as it expands its petrochemical capacity and scouts for LNG supplies globally.
How many new workers were enrolled under the ESI Scheme in December 2023?
Consider the following statements about Adopt a Heritage Scheme:
1. It is an initiative of the Union Ministry of Tourism in collaboration wi...
Which of the following States have become the 1st to adopt the PM Shri Schools scheme?