Perspective on CAD by Ms. Madhavi Arora, Emkay Global Financial Services

2023-09-28 04:54:53 pm | Source: Emkay Global Financial Services

Perspective on CAD by Ms. Madhavi Arora, Emkay Global Financial Services

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Below Perspective on CAD By Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services

�India's 1Q CAD came in line with our expectations. The widening was expected amid higher trade deficit and lower services surplus. However, it was still in the lows of near 1% of GDP and was comfortably funded by robust capital flows.

The following quarter (2QFY24) will however see substantial widening of CAD led by sequential worsening of Trade balance, led by higher oil and higher core imports and further slowing services exports. All of this will imply 2Q CAD/GDP ratio could be more than double of 1QFY24 - ranging from 2.4-2.6%.�

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Perspective on CAD by Ms. Madhavi Arora, Emkay Global Financial Services

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