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Trade deficit declines to 106.8 billion US dollars in April-January 2015-16 from 119.6 billion US dollars in corresponding period 2014-15

Budget - Dated:- 26-2-2016 - Current Account Deficit (CAD) limits at 1.4 percent of Gross Domestic Product during April-September, 2015-16 Foreign Exchange Reserves stand at 351.5 billion US dollars as on 5th February, 2016 The Economic Survey 2015-16 presented to the Parliament today by the Finance Minister Shri Arun Jately testifies a strong macroeconomic outlook for the country. The Survey shows that a pick-up in growth in some large advanced economies along with lower global commodity prices .....

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otal imports this year so far. As a result, during 2015-16 (April-January) trade deficit decreased to 106.8 billion US dollars as compared to 119.6 billion US dollars in the corresponding period of 2014-15. The Economic Survey further says that while exports slow down may continue for a while before picking up in the next fiscal, continuance of low commodity prices globally augurs well for sustaining low trade and current account deficit. As a portion of GDP, the Current Account Deficit (CAD) is .....

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