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Cad: Current account deficit shrinks to 1% of GDP

India Business News: The current account deficit (CAD) for the September quarter shrunk to $8.3 billion, around 1% of the GDP. The improvement was due to a significant red ....

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India's current account deficit narrows to $8.3 billion in July-September

For the first half of 2023-24, India s current account deficit more than halved to $17.5 billion from $48.8 billion in April-September 2022, Reserve Bank of India data showed. ....

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current account deficit: India's current account deficit narrows to 1 per cent of GDP at $ 8.3 bn in Q2 FY24

India s current account deficit (CAD) for the July-September quarter of fiscal 2023-24 narrowed to $8.3 billion, constituting 1% of the GDP. This is a decline from the $9.2 billion or 1.1% of GDP reported in the preceding quarter. The improvement is attributed to a reduced merchandise trade deficit, which contracted to $61.0 billion from $78.3 billion in the same quarter the previous year. ....

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