discuss whether or not more multinational companies setting up branches in india would be likely to reduce india's current account deficit
Answers
Answer:
no, because they help to populate india
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Answer:
Even as the jury is not out on the exact impact of the coronavirus on the economy this year, there could be a positive news on the external sector. India's current account deficit could turn positive this fiscal with crude prices set to fall below $20 a barrel. This could help rupee get some cushion from volatile portfolio flows during the year, said a report by State Bank of India Research team which has forecast economic growth at 1.1 per cent for the year.
The general contraction in economic activity throughout the world as a fall-out of the coronavirus pandemic is expected to have a toll on both India's exports and imports. Exports are expected to contract by 16 per cent at $265 billion resulting in an output loss of $50 billion. But imports are expected to fall by 25 per cent at $ 350 billion, thanks to falling crude prices. Crude alone accounts for over 20 per cent of India's merchandise imports.
Explanation:
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