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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 2015-1 .....

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and relative financial stability amidst periodic turbulence marked the external sector environment in 2015-16. The Survey says that during the current financial year (April-January), the growth in India s exports declined year on year by 17.6% and t .....

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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 .....

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likely to be in the low range of One to One Point Five percent. Moderate growth in the invisibles surplus, coupled with lower trade deficit, resulted in lower CAD of US $ 26.8 billion (1.3 per cent of GDP) in 2014-15 and US $ 14.4 billion (1.4 per c .....

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ion US dollars in first half of 2015-16. India s foreign exchange reserves at 351.5 billion US dollars as on 5th February, 2016 mainly comprised foreign currency assets equal to 328.4 billion US dollars (93.4% of the total) and Gold at 17.7 billion U .....

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