India’s current account deficit (CAD) of $36.4 billion in July-September of the current fiscal (Q2 FY23) is double of $18.2 billion (2.2% of GDP) from Q1 of the fiscal. Negative CAD implies India is importing more goods and services than it is exporting, resulting in forex outgo.
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Budget 2023
Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP
The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.
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Jet Airways’ founder Naresh Goyal can’t leave India
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New scam at PNB will delay return to profits
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Solving for the past, rooted in the present, vaulting to the future
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The Karma Group: An inspiring journey of success
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![Jet Airways’ founder Naresh Goyal can’t leave India](https://images.assettype.com/fortuneindia%2F2019-07%2F859bbdf3-bf00-444e-8450-37ed83948c41%2FNaresh_Goyal_C4HCTT__1__copy.jpg?rect=0,24,2400,1200&w=300&q=95)
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
![New scam at PNB will delay return to profits](https://images.assettype.com/fortuneindia%2F2019-07%2F382f717d-f91d-48bb-b5cd-774de74b83a9%2FE15E1EB1_2A9D_4506_AC84_A408D255DF93.jpeg?rect=0,77,1288,644&w=300&q=95)
New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
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Solving for the past, rooted in the present, vaulting to the future
India’s responses to competition have to be flexible, and within the framework of an ongoing conversation between the govt and all stakeholders. This Budget was a great start in that process.
![The Karma Group: An inspiring journey of success](https://images.assettype.com/fortuneindia%2F2019-08%2F4a51a1e0-060d-490f-a9c6-0b30b80783bd%2FMr__John_Spence_lr.jpg?rect=0,1,882,441&w=300&q=95)
The Karma Group: An inspiring journey of success
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