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Mumbai, Sep 30 (PTI) India's Balance of Payments (BoP) for the first quarter of this fiscal showed a three-fold increase in deficit in trade balance at 15.8 billion dollars against 5.1 billion dollars in the same period last fiscal.
Publication: PTI - The Press Trust of India Ltd. Publication Date: 30-SEP-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
Notwithstanding a marginal increase in invisible surplus, the sharp expansion in trade deficit turned the current account into a deficit of 6.2 billion dollars in April-June 2005 against a surplus of 3.4 billion dollars in Q1 of last fiscal, according to figures released by RBI today.
"With the growth...
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