Balance Of Payments
Latest news, explainers and analysis on Balance Of Payments. Tracking 2 stories on Arth Vani.
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Latest on Balance Of Payments
India's External Account Faces Persistent Pressure Despite Forex Swaps, Says CEA
India's Chief Economic Advisor V Anantha Nageswaran has warned that the country continues to face 'balance of payments' pressures, despite recent foreign currency inflows. He stated that the Reserve Bank of India's special forex swap window provided only a temporary solution, with rising imports and global competition for capital posing ongoing risks to India's external financial health.
BreakingIndia's Economy Shows Strong Momentum Despite Global Risks, Says Chief Economic Adviser
India's Chief Economic Adviser has stated that the country's economy is experiencing strong near-term momentum, primarily driven by domestic activity and exports. The Reserve Bank of India's actions are also bolstering the balance of payments and helping to stabilise the Indian rupee against the US dollar. All major economic sectors contributed to robust GDP growth in the first quarter, with long-term structural reforms now yielding positive results.
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