India is set to post a balance of payment deficit for the second straight year in the next fiscal, which would be the first such instance in two decades, Standard Chartered Bank said on Friday.
The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year and $5.5 billion in the next, against a surplus of $47.5 billion last year.
The foreign bank expects current account balance to slip into a deficit of 3% of gross domestic product this financial year from a surplus of 0.9% last year, before narrowing to 2.6% in fiscal year 2023-2024.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
First Abu Dhabi Bank says it had considered offer for StanChartFirst Abu Dhabi Bank (FAB) , the United Arab Emirates' biggest lender, said on Thursday it had considered a bid for London-listed Standard Chartered but was no longer doing so.
Les mer »
First Abu Dhabi Bank says it had considered making offer for StanChartFirst Abu Dhabi Bank (FAB) , the United Arab Emirates' biggest lender, said on Thursday it had considered a bid for London-listed Standard Chartered but was no longer doing so.
Les mer »
China: Broad-based weakening seen in December – Standard CharteredEconomists at Standard Chartered provide a grim outlook of China’s economy amid weak business activity in December. Key quotes “Official manufacturing
Les mer »
2024 Volvo EX90 Debuts In The US With Lidar As StandardThe Volvo EX90 electric SUV made its official North American debut at CES 2023 in Las Vegas and is available for pre-order on the Swedish company’s US website.
Les mer »
New Qi2 wireless charging standard unveiled, based on Apple's MagSafenew Qi2 standard essentially means hell freezes over as Android gets MagSafe while Apple is about to switch to USB-C.
Les mer »
Standard Chartered becomes first foreign bank to trade bond futures in ChinaStandard Chartered Plc's China unit said it had become the first foreign bank to trade treasury bond futures in the country which is deregulating capital markets.
Les mer »