CAD to widen to 1.4 percent of GDP in FY 2017: Nomura India

Q.  CAD is set to widen to what percent of GDP in FY 2017, according to Nomura India?
- Published on 17 Jun 16

a. 1.4 percent
b. 1.5 percent
c. 1.6 percent
d. 1.7 percent

ANSWER: 1.4 percent
 
CAD will widen to 1.4 percent of GDP in FY 2017 according to Nomura India which said the figure would widen from 0.9 percent in 2015-2016.
  • The Japanese financial services firm has indicated that global demand is likely to remain sluggish but imports will rise towards year end
  • Following this, country’s trade deficit is expected to widen
  • Imports continued to rise towards end 2016.
  • CAD narrowed to 1.4 percent in April-December 2016 from 1.7 percent in 2014-2015.
  • Exports fell by 0.79 percent to USD 22.17 billion indicating an 18th straight month fall in May 2016
  • Imports too fell by 13.16 percent to USS $28.44 billion in the month under review.

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