Perspective on BoP by Ms. Madhavi Arora, Emkay Global Financial Services
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Below Perspective on BoP By Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
“We expect import consolidation to continue, with exports also likely to remain frail, while services surplus would strongly offset the merchandise trade deficit, with net transfers moderating. For FY24E, we maintain our CAD/GDP to ~1.4% (USD52bn), owing to lower prices for oil and other commodities, along with easing domestic/global demand and robust & broadening gains in services exports.”
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