ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Macroeconomic Indicators (28 May 2011)

A comparison of India's balance of payments for the period April to December 2010 with the corresponding period of 2009 shows that the deficit in the merchandise account increased from $86.8 billion to $102.1 billion. During the same period, the invisibles account showed an increase in surplus from $61.2 billion to $63.2 billion. Thus, the current account deficit expanded from $25.5 billion to $38.9 billion. A disquieting feature in the capital account has been a drastic fall in net foreign direct investment from $27.0 billion to $18.0 billion.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top