India’s Current Account Deficit worsens to 5.4% in July-September period

by Paul Joseph on January 1, 2013 · 0 comments

India’s Current Account Deficit (CAD) jumped to 5.4 per cent of the gross domestic product (GDP) in the July to September quarter of 2012-13, from 4.2 per cent in corresponding period of the previous year, the Reserve Bank of India (RBI) confirmed on Monday. In its report on developments in the country’s Balance of Payments (BoP) position, the RBI said, the CAD jumped to $22.3 billion in the second quarter of current financial year, from $16.4 billion in the preceding three months and $18.9 billion in the corresponding three months of the previous year. read more

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