Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Patra: India can sustain CAD of 2.5-3% without an external sector crisis    </title>
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Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday

Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India&rsquo;s current account..."/>
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     <meta property="og:description" content="-The Telegraph

Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday

Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India&rsquo;s current account..." />
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday</em></p><p style="text-align:justify"><em>Mumbai: </em>Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India&rsquo;s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP.</p><p style="text-align:justify">&ldquo;Our experience has been that India can sustain a current account deficit of 2.5-3 per cent without getting into an external sector crisis. In fact, in a telling reminder of this fact, a record increase in oil prices and high gold imports took the current account deficit above this Plimsoll line and to historically high levels during 2011-13,&rsquo;&rsquo; Patra said while delivering a speech to celebrate &lsquo;Azadi Ka Amrit Mohotsav&rsquo; organised by the RBI office in Bhubaneswar.</p><p style="text-align:justify">India&rsquo;s CAD rose to its highest level of 5 per cent of GDP in 2012 when the UPA was in power &mdash; and the Modi government has often pounced on this fact to muzzle criticism about the growing trade deficit.</p><p style="text-align:justify">The overall current account deficit in July rose to $21.04 billion (merchandise and services), the commerce ministry reported on Friday.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056" title="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday</em></p><p style="text-align:justify"><em>Mumbai: </em>Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India&rsquo;s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP.</p><p style="text-align:justify">&ldquo;Our experience has been that India can sustain a current account deficit of 2.5-3 per cent without getting into an external sector crisis. In fact, in a telling reminder of this fact, a record increase in oil prices and high gold imports took the current account deficit above this Plimsoll line and to historically high levels during 2011-13,&rsquo;&rsquo; Patra said while delivering a speech to celebrate &lsquo;Azadi Ka Amrit Mohotsav&rsquo; organised by the RBI office in Bhubaneswar.</p><p style="text-align:justify">India&rsquo;s CAD rose to its highest level of 5 per cent of GDP in 2012 when the UPA was in power &mdash; and the Modi government has often pounced on this fact to muzzle criticism about the growing trade deficit.</p><p style="text-align:justify">The overall current account deficit in July rose to $21.04 billion (merchandise and services), the commerce ministry reported on Friday.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056" title="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056">click here</a> to read more.&nbsp;</p>                                                           
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Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday

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Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday

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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday</em></p><p style="text-align:justify"><em>Mumbai: </em>Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India&rsquo;s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP.</p><p style="text-align:justify">&ldquo;Our experience has been that India can sustain a current account deficit of 2.5-3 per cent without getting into an external sector crisis. In fact, in a telling reminder of this fact, a record increase in oil prices and high gold imports took the current account deficit above this Plimsoll line and to historically high levels during 2011-13,&rsquo;&rsquo; Patra said while delivering a speech to celebrate &lsquo;Azadi Ka Amrit Mohotsav&rsquo; organised by the RBI office in Bhubaneswar.</p><p style="text-align:justify">India&rsquo;s CAD rose to its highest level of 5 per cent of GDP in 2012 when the UPA was in power &mdash; and the Modi government has often pounced on this fact to muzzle criticism about the growing trade deficit.</p><p style="text-align:justify">The overall current account deficit in July rose to $21.04 billion (merchandise and services), the commerce ministry reported on Friday.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056" title="https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056">click here</a> to read more.&nbsp;</p>                                                           
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Patra: India can sustain CAD of 2.5-3% without an external sector crisis

Published on Aug 14, 2022   Modified on Aug 14, 2022

-The Telegraph Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India’s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP. “Our experience has been that India can sustain a current account deficit of 2.5-3 per cent without getting into an external sector crisis. In fact, in a telling reminder of this fact, a record increase in oil prices and high gold imports took the current account deficit above this Plimsoll line and to historically high levels during 2011-13,’’ Patra said while delivering a speech to celebrate ‘Azadi Ka Amrit Mohotsav’ organised by the RBI office in Bhubaneswar. India’s CAD rose to its highest level of 5 per cent of GDP in 2012 when the UPA was in power — and the Modi government has often pounced on this fact to muzzle criticism about the growing trade deficit. The overall current account deficit in July rose to $21.04 billion (merchandise and services), the commerce ministry reported on Friday. Please click here to read more.

The Telegraph, 14 August, 2022, https://www.telegraphindia.com/business/india-can-sustain-cad-of-2-5-3-without-an-external-sector-crisis-michael-patra/cid/1880056

Tagged with: Reserve Bank of India RBI Current Account Deficit Trade Balance Exports Imports

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