Report
India's balance of payments forecast to turn positive, but below earlier expectations
The Economic Times says ICICI Bank Global Markets points to elevated oil prices and an expanding non-oil, non-gold deficit.
TLDR
Citing an ICICI Bank Global Markets research report, The Economic Times says India's balance of payments is likely to turn positive but remain below earlier expectations. The report says elevated oil prices and an expanding non-oil, non-gold deficit are weighing on the country's external trade position.
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