Standard Chartered sees much improved current-account gap for India

10/10/2013 | Economic Times (India), The

Standard Chartered sharply lowered its projection for India's current-account deficit to US$45 billion. The estimate is below the government's forecast of US$48 billion and adds to the case, based on this key indicator, that India's economy is stronger than many believed. The new figure is down from StanChart's August prediction of US$71.8 billion and "comes on the basis of likely subdued oil imports and robust exports" in the second half of fiscal 2014, the bank said.

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Economic Times (India), The

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