Current account deficit widened to $23.9 billion in Q1
India’s current account balance recorded a deficit of $23.9 billion, or 2.8% of GDP, in the first quarter of this fiscal year, compared with a surplus of $6.6 billion (0.9%) a year earlier, as per data released by the Reserve Bank of India (RBI) on Thursday. “CAD will certainly widen further despite the moderation in […]
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