{"id":216591,"date":"2020-06-08T12:31:41","date_gmt":"2020-06-08T12:31:41","guid":{"rendered":"http:\/\/151.106.38.4\/2020\/06\/08\/india-may-achieve-current-account-surplus\/"},"modified":"2020-06-08T12:31:41","modified_gmt":"2020-06-08T12:31:41","slug":"india-may-achieve-current-account-surplus","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2020\/06\/08\/india-may-achieve-current-account-surplus\/","title":{"rendered":"\u2018India may achieve current account surplus\u2019"},"content":{"rendered":"<p><img src=\/old_site\/http:\/\/new.nagalandpost.com\/cms\/gall_content\/no_images_650x.jpg><\/p>\n<p>Despite the Covid-19 pandemic, India is expected to achieve current account surplus due to lower crude oil prices this fiscal, according to a SBI Ecowrap report on Monday.<\/p>\n<p>According to the report, with capital flows turning positive as the economy slowly re-starts, it can mitigate some of the losses that we have seen. &ldquo;Analysis of past crises shows currencies can swing wildly. However, they stabilise if the right measures are taken,&rdquo; it said.<\/p>\n<p>The current account shows the net difference between inflows and outflows of foreign currencies.<\/p>\n<p>&ldquo;What&rsquo;s important is that we focus on improving macro-economic fundamentals and monitoring how the composition of our capital flows is changing, so that we are prepared when the investor sentiment turns negative.&rdquo;<\/p>\n<p>&ldquo;The RBI has stated that a diversified capital account, with a hierarchical preference for FDI over debt flows, and for long-term flows over short-term flows, should be the focus of external sector policy,&rdquo; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018India may achieve current account surplus\u2019<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-216591","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=216591"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216591\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=216591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=216591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=216591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}