SBI Predicts Significant Balance of Payments Surplus and FII Inflows Impact on India's Economic Outlook
Wednesday, 17 July 2024, 04:34
SBI Forecasts
SBI projects a surplus of $52 billion in India's balance of payments this fiscal year, driven by anticipated FII inflows surpassing $25 billion.
Current Account Deficit
The current account deficit for FY25 is expected to be at 0.9% of GDP.
Factors Influencing Outlook
Government fiscal policies and bond market dynamics are identified as key factors influencing the country's economic prospects, hinting at a positive trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.