CAD numbers

India's trade and investment income (current account) deficit, or CAD, fell to $300 million (0.1% of the gross domestic product) during the first quarter of FY17 from $6.1 billion (1.2% of GDP) in the corresponding period last fiscal as cost of imports, including oil, dipped sharply . Although the deficit was at its lowest level in 37 quarters, it is higher than economists' forecast of a $4-billion surplus and is likely to disappoint markets.
The deficit, at $300 million, is the lowest since a $4.2 billion surplus in the fourth quarter of 2006-07. In what might turn out to be a cause for concern, remittances have slowed down and foreign direct investment in three months ended June 2017 was almost half of the receipts in the first quarter of 2015-16.

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