💨 Abstract

The ICICI Bank Global Markets report indicates that while India's current account deficit has improved, foreign direct investment (FDI) remains low and foreign portfolio investment (FPI) is experiencing outflows, potentially putting pressure on the balance of payments. The Indian Rupee (INR) outlook has improved, but non-oil exports have contracted due to weak global demand and trade war uncertainties.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖