External Sector

  • Balance of Payments (BoP):
    • India’s BoP position improved from US$ 412.9 bn of forex reserves in end March, 2019 to US$ 433.7 bn in end September, 2019.
    • Current account deficit (CAD) narrowed from 2.1% in 2018-19 to 1.5% of GDP in H1 of 2019-20.
    • Foreign reserves stood at US$ 461.2 bn as on 10th January, 2020.
  • Global Trade:
    • In sync with an estimated 2.9% growth in global output in 2019, global trade is estimated to grow at 1.0% after having peaked in 2017 at 5.7%.
    • However, it is projected to recover to 2.9% in 2020 with recovery in global economic activity.
    • India’s merchandise trade balance improved from ....
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