CAD Widened To 2.9 % Of GDP In Q2

Current account deficit (CAD) widened to 2.9% of GDP for the July-September quarter due to higher trade deficit compared with 1.1% during the same period of the previous year, according to the Reserve Bank of India.

The deficit for the second quarter was $19.1 billion compared with $6.9 billion in the year-earlier period. The CAD for the April-June quarter was 2.4% of GDP or $15.9 billion.

Source: The Hindu

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