Big Story

Expert View

| Updated on September 22, 2018 Published on September 22, 2018

Oil prices are projected to be around $75/barrel and we expect an average trade deficit of $16 billion per month. With this, we project the current account deficit to widen to $70 billion in FY19. This will be about 2.7% of GDP. For the first time in seven years, we are looking at a BoP deficit of around 1% of GDP

Tanvee Gupta Jain Chief India Economist, UBS Securities

At present, we forecast the current account deficit for FY19 to increase to 2.8 per cent of GDP. We will relook at this estimate once additional details are provided on the measures to be taken by the government to curb imports or boost exports. Given the size of the FPI outflows so far in FY2019, we continue to expect a BoP deficit for the year

Aditi Nayar Principal Economist, ICRA

Portfolio capital outflows in this fiscal year has been $9.3 billion due to a strong US economy and dollar. This is expected to turn India’s overall BoP into deficit this fiscal, after a period of six years, thereby implying forex reserves depletion of $16 billion. We expect the rupee to end between 70 and 73 this fiscal

Soumya Kanti Ghosh Group Chief Economic Adviser, SBI

Published on September 22, 2018

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.