Trade & Current A/c deficit in improving trend

vOctober Trade deficit slightly increased to USD10.6Billion ( septàUSD6.8 Billion ) but remain with in comfort level

 

v FY 14 CAD likely to be below USD60 Billion ( < 3% of GDP) , much better than FY 13 àUSD88 Billion ( 4.8% of GDP )

 

v Export growth trend continuing with 13.5% growth in October ( two year high)

 

v Import is de growing since last five consecutive Month  ( October de growth was 14.5% )

 

v Gold Import has decreased by 80% ( YOY ) due to lot of Government restriction

         FY14 Trade deficit  to improve considerably  ( FY 14  projection à USD 166   

         Billion )   ( FY13 Actual  à USD 195 Billion