India Utilities

4QFY22/FY22 Balance of Payments - CAD at 1.5% of GDP in 4QFY22 and 1.2% of GDP in FY22

Thematic (Sector/Industry)
292 Views, 24 Jun 2022 07:44
EXECUTIVE SUMMARY
  • 4QFY22 CAD at 1.5% of GDP and 1.2% of GDP in FY22: India’s CAD moderated to 1.5% of GDP or US$13.4bn in 4QFY22, moderating from 2.6% of GDP in 3QFY22.
  • FDI slows in FY22 and FPIs sell out; but trade credit and IMF flows support capital account
  • FY23 CAD seen at ~ 2.5% of GDP; FPI inflows may return by 4QFY23

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