Current Account Deficit Falls To 1% Of Country’s GDP
The current account deficit was 3.8 per cent of GDP or $30.9 billion in July-September quarter in 2022-23, according to central bank data. In the September 2023 quarter, India’s current account deficit (CAD), indicating the surplus of imports over exports, narrowed to 1% of the gross domestic product (GDP). The deficit decreased to $8.3 billion…