The Indian power grid needs more wind in its mix. The need to enhance wind capacity addition (post subdued activity in the recent past) has finally dawned upon the stakeholders. Grids are looking for a solution to meet demand effectively while containing carbon emissions.
The Balance of Payments current account deficit (CAD) narrowed to US$1.3bn (0.2% of GDP) in Jan-Mar’23, slightly worse than our forecast (a surplus of 0.3% of GDP), primarily because higher repatriation of profits by foreign corporates widened the primary incomes deficit to US$12.6bn in Q4FY23 (from US$8.4bn in Q4FY22).