Latest Care Edge Ratings News & Updates

India’s Balance of Payments Expected to Shift to Surplus by FY27

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New Delhi, July 17 (IANS) India’s balance of payments (BoP) is expected to move to a surplus in FY27 after two consecutive years of deficits as net foreign direct investment and other capital inflows strengthen, a report has said.The report from Care Edge Ratings said net FDI is expected to improve to $15 billion in FY27 from $6.9 billion in FY26, supported by stronger gross FDI inflows and some tapering of repatriation.Further, concessional swap windows for FCNR(B) deposits, External Commerci…