Economics IA 3 “7” – Current Account deficit widens to 2.9% of GDP in Q2

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Current account deficit widens to 2.9% of GDP in Q2

India’s current account deficit (CAD) widened to 2.9 percent of the GDP in the second quarter of the fiscal compared to 1.1 percent in the year-ago period, mainly due to a large trade deficit, the RBI said Friday.
The CAD, or the difference between outflow and inflow of foreign exchange in the country’s current account, was USD 19.1 billion during the quarter ended September 30, 2018.
It increased from USD 6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18. The CAD stood at USD 15.9 billion…
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  • 주제: Current account deficit widens to 2.9% of GDP in Q2
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Economics IA 3 “7” – Current Account deficit widens to 2.9% of GDP in Q2

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