India's Current Account Deficit Widens to $11.5 Billion in Q3 FY25
| Category | Details |
|---|---|
| Event | India's Current Account Deficit (CAD) Widens in Q3 FY25 |
| Quarter | Q3 FY25 (October-December 2024) |
| CAD (Q3 FY25) | $11.5 billion (1.1% of GDP) |
| CAD (Q2 FY25) | $16.7 billion (1.8% of GDP) |
| CAD (Q3 FY24) | $10.4 billion (1.1% of GDP) |
| Full-Year CAD (FY25) | Estimated at 0.8% of GDP |
| Merchandise Trade Deficit | Increased to $79.2 billion in Q3 FY25 |
| Forex Reserves (Since Dec 2018) | Increased by $311 billion |
| Balance of Payments (BoP) | Depletion of $37.7 billion in Q3 FY25 |
| Net Services Receipts (Q3 FY25) | Increased to $51.2 billion |
| Private Transfer Receipts | Rose to $35.1 billion (remittances) |
| Primary Income Outgo | Increased to $16.7 billion |
| NRI Deposits Net Inflow | Stood at $3.1 billion, down from $3.9 billion a year ago |
| Foreign Portfolio Investment (FPI) | Net outflows of $11.4 billion, compared to inflows of $12 billion in Q3 FY24 |
| External Commercial Borrowings (ECBs) | Net inflows of $4.3 billion, compared to outflows of $2.7 billion a year earlier |