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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-trace').style.display = (document.getElementById('cakeErr67f167bc94533-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f167bc94533-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-code').style.display = (document.getElementById('cakeErr67f167bc94533-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-context').style.display = (document.getElementById('cakeErr67f167bc94533-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f167bc94533-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p>
<p style="text-align:justify">India&rsquo;s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
<p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p>
<p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p>
<p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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<strong>Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik</strong></h1>
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<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p><p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p><p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p><p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p><p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times" title="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-trace').style.display = (document.getElementById('cakeErr67f167bc94533-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f167bc94533-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-code').style.display = (document.getElementById('cakeErr67f167bc94533-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-context').style.display = (document.getElementById('cakeErr67f167bc94533-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f167bc94533-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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<p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p>
<p style="text-align:justify">India&rsquo;s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
<p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p>
<p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p>
<p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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<p style="text-align:justify">India&rsquo;s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
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<p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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</pre></div></pre>latest-news-updates/why-india-s-balance-of-payments-is-headed-for-hard-times-prabhat-patnaik.html"/>
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The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.
India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4%..."/>
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<h1 class="news_headlines" style="font-style:normal">
<strong>Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik</strong></h1>
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<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p><p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p><p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p><p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p><p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times" title="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-trace').style.display = (document.getElementById('cakeErr67f167bc94533-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f167bc94533-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-code').style.display = (document.getElementById('cakeErr67f167bc94533-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f167bc94533-context').style.display = (document.getElementById('cakeErr67f167bc94533-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f167bc94533-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p>
<p style="text-align:justify">India&rsquo;s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
<p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p>
<p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p>
<p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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<p style="text-align:justify">India&rsquo;s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
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The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.
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<strong>Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik</strong></h1>
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<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p><p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p><p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p><p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p><p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times" title="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p> </font>
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<p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p>
<p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
<p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p>
<p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p>
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<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p>
<p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p>
<p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p>
<p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p>
<p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>
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The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.
India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4%...'
$disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.</em></p><p style="text-align:justify">India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).</p><p style="text-align:justify">By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.</p><p style="text-align:justify">In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.</p><p style="text-align:justify">Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times" title="https://www.newsclick.in/India-Balance-Payments-Headed-Hard-Times">click here</a> to read more.</p>'
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LATEST NEWS UPDATES | Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik | Im4change.org
Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik
-Newsclick.in
The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation.
India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit had been $32.6 billion which was 6.7% of the GDP (gross domestic product).
By contrast the current account deficit had been $18.2 billion in the first quarter of 2022-23 or 2.2% of GDP, and $9.7 billion or 1.3% of GDP in the second quarter of 2021-22, i.e., exactly a year ago.
In other words, compared with the first quarter itself, there has been a doubling of the current account deficit as a percentage of GDP which is a whopping increase; compared with the second quarter a year ago, the increase in GDP percentage is more than three times.
Quite apart from the sheer size of the current account deficit, there are at least three reasons why the balance of payments is a cause for serious concern. First, the reason for the increase in the current account deficit, by as much as $18. 2 billion compared with the previous quarter, is an increase in merchandise trade deficit, that is, in the excess of imports over exports of goods.
